Processed Eggs Global Market Report 2024

“Processed Eggs Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on processed eggs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for processed eggs ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The processed eggs market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Product Type: Dried Egg Products; Liquid Egg Products; Frozen Egg Products
• 2) By Application: Bakery And Confectionery; Food Processing; Diary Production; Ready To Eat; Soups And Sauces; Other Applications
• 3) By End-User: Raw Material Suppliers; Manufacturers And Suppliers; Traders, Distributors And Retailers; Food And Beverage Manufacturers; Other End-Users
• Companies Mentioned: Interovo Egg Group B.V.; Rose Acre Farms; Ballas Egg Products Corporation; Moba Group; Rembrandt Enterprises
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Processed eggs are shell eggs that undergo breaking and pasteurization using specialized machinery, after which they are further processed and packaged in various forms such as liquids, frozen, or dried products. Widely utilized in the commercial food sector and the restaurant industry, processed eggs serve diverse culinary needs.

The primary categories of processed egg products include dried egg products, liquid egg products, and frozen egg products. Dried egg products are eggs that have been dehydrated and transformed into a fine powder, akin to powdered milk. This versatile form finds applications across various industries, including bakery and confectionery, food processing, dairy production, ready-to-eat meals, soups and sauces, among others. The end-users of dried egg products encompass raw material suppliers, manufacturers, traders, distributors, retailers, and food and beverage manufacturers, reflecting the widespread adoption of processed eggs across the food supply chain.

The processed eggs market research report is one of a series of new reports from The Business Research Company that provides processed eggs market statistics, including the processed eggs industry's global market size, regional shares, competitors with a processed eggs market share, detailed processed eggs market segments, market trends, and opportunities, and any further data you may need to thrive in the processed eggs industry. The processed eggs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The processed eggs market size has grown steadily in recent years. It will grow from $28.11 billion in 2023 to $29.45 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The expansion observed in the historical period can be ascribed to a combination of factors, including heightened consumer demand and evolving dietary preferences, regulatory influences shaping the industry landscape, dynamics within the supply chain, global economic conditions, and the impact of cultural and regional factors. These multifaceted elements collectively contributed to the growth experienced during the specified historical timeframe.

The processed eggs market size is expected to see steady growth in the next few years. It will grow to $34.77 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The anticipated growth in the forecast period can be ascribed to several key drivers, including an increasing awareness of health-conscious lifestyles among consumers, ongoing innovation in product development, a growing emphasis on sustainability practices, shifting demographics, and the influence of government initiatives and policies. Noteworthy trends expected in the forecast period encompass the rise of e-commerce and digitalization, a heightened consumer demand for convenience, a strong focus on health and wellness, innovations in processing techniques, and a noticeable shift toward sustainable and ethically sourced products. These trends collectively contribute to the projected growth in the upcoming forecast period.

The processed eggs market is poised for steady growth in the coming years, with a projected market size reaching $34.77 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 4.2%. This anticipated growth is fueled by several key factors, including a rising awareness of health-conscious lifestyles, continuous innovation in product development, an increasing emphasis on sustainability practices, demographic shifts, and the influence of government initiatives and policies. Noteworthy trends in the forecast period include the ascent of e-commerce and digitalization, heightened consumer demand for convenience, a robust focus on health and wellness, innovations in processing techniques, and a notable shift toward sustainable and ethically sourced products. These trends collectively contribute to the forecasted expansion in the processed eggs market.

The growing demand for processed eggs is expected to be a major driver of market growth. Eggs, as a versatile food ingredient and a primary component in baked goods, are witnessing increased demand. Processed egg products, which undergo pasteurization to ensure safety and eliminate pathogens, offer a safer alternative to fresh eggs and serve as excellent sources of protein. For example, in April 2022, statistics from the UK's Department for Environment, Food & Rural Affairs indicated a significant rise in the number of eggs purchased by UK egg processors in Q3 2021, reflecting a 22% increase over the same period in 2020. Liquid eggs accounted for a substantial portion of the total output, contributing to a 19% growth compared to Q3 2020. Similarly, Statistics Canada reported a production increase in eggs in 2020, reaching 839 million dozens from 822 million dozens. The growing demand for processed eggs is a key factor propelling the expansion of the processed eggs market.

The anticipated surge in the food service industry is poised to drive the expansion of the processed eggs market in the foreseeable future. The food service industry, denoting a segment of the economy involved in the preparation, distribution, and sale of food and beverages to consumers beyond their homes, is witnessing heightened demand. Within this sector, which includes restaurants, cafes, and catering services, there is a growing preference for convenient and time-efficient meal preparation solutions. Processed eggs, including liquid eggs and pre-cooked egg products, have emerged as rapid and labor-saving options. For example, a report released by the United States Department of Agriculture in July 2023 highlighted the substantial contribution of the food service and retail sectors to the economy. In 2021, these sectors collectively provided approximately $2.11 trillion in food, and by 2022, the figure rose to $2.39 trillion, indicating a notable increase of $0.28 trillion. Moreover, food service establishments alone contributed a total of $1.16 trillion in 2021, which increased to $1.34 trillion in 2022. Thus, the escalating demand within the food service industry is poised to be a key driver for the processed eggs market, as it aligns with the industry's need for efficient and readily usable food ingredients.

Product innovation emerges as a prominent trend in the processed eggs market, with major companies directing their efforts toward the development of new and distinctive products. In October 2022, Jimmy Dean Brand, a well-established US-based protein breakfast brand, introduced a novel product known as Egg Bites. These egg bites stand out by offering 17g of protein and the convenience of being ready to eat in just a few minutes, simplifying the morning routine and enhancing its deliciousness. The fully cooked bites feature fluffy whole eggs, premium Jimmy Dean Sausage or Bacon, and real cheese baked in a single skillet, providing a warm and straightforward meal either at home or on the go. The Jimmy Dean Egg Bites are available in two varieties Meat Lovers and Three Cheese, each contained in a 4-ounce box comprising two egg bites.

Noteworthy innovation in the processed eggs market involves the development of bottled liquid egg products by major companies to maintain their market presence. An illustration of this is St Ewe Free Range Eggs Ltd., a UK-based eggs company, which launched "St Ewe Super Egg Whites" in July 2021. Packaged in 500ml bottles, these ambient liquid egg whites consist of 100% pasteurized British free-range egg whites, offering 11g of protein per 100ml, zero fat, and being cholesterol and gluten-free. The versatility of St Ewe Super Egg Whites makes them suitable for various recipes, from omelets and frittatas to desserts such as chocolate mousse and pavlova. Additionally, they serve as a nutritious thickening agent in smoothies, providing a protein-rich alternative to shakes.

In May 2021, Cooper Farms Inc., a US-based food production company, acquired CW EGG LLC. for an undisclosed amount. This strategic acquisition is expected to align well with Cooper Farms' objectives, as both entities aim to integrate liquid egg processing within the Cooper Farms umbrella. CW EGG LLC. is a US-based poultry and egg processing plant operator that caters to food businesses, complementing Cooper Farms' portfolio in the egg processing sector.

Major companies operating in the processed eggs market report are Interovo Egg Group B.V., Rose Acre Farms, Ballas Egg Products Corporation, Moba Group, Rembrandt Enterprises, Daybreak Foods Inc., SKM Egg Products, Tyson Foods Inc., Pulviver SPRL, EggSolutions, Shepherd Eggs, OVOBEST egg GmbH u. Co. KG, Griffiths Family Foods, Avril Group, Cal-Maine Foods Inc., EPS S.P.A., Wabash Valley, Michael Foods Inc., Midwest Poultry Services L.P., Weaver Brothers, Hickman's Egg Ranch, Sparboe Farms, Hidden Villa Ranch, Hillandale Farms, Versova Holdings LLP, Center Fresh Group, MPS Egg Farms, Prairie Star Farms, Gemperle Family Farms, Herbruck's Poultry Ranch

North America was the largest region in the processed eggs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global processed eggs market report forecast period. The regions covered in the processed eggs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the processed eggs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The processed eggs market consists of sales of precooked fried eggs, precooked scrambled eggs, omelets, and other related products. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.