May 21, 2024

Egg Processing Market is Estimated to Witness High Growth Owing to Rising Demand for Value-Added Egg Products

The egg processing market involves drying, freezing, and other processing techniques to extend the shelf life of eggs and convert them into various value-added products such as dried egg products, liquid egg products, and frozen egg products. Value-added egg products find extensive applications in various food preparations due to their various functional properties. Dried egg products are widely used as an ingredient in baked goods, soups, and sauces owing to their long shelf life. Liquid egg products like egg yolks and egg albumin are used in the preparation of mayonnaise, hollandaise sauce, custards, and pudding. Frozen egg products are increasingly being used as substitutes for fresh eggs in foodservice establishments and households. The Global Egg Processing Market is estimated to be valued at US$ 51.9 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the egg processing are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. These players are focusing on enhancing their production capabilities and geographical presence through mergers and acquisitions.

The key opportunities in the egg processing market include growing demand for clean label and cholesterol-free egg products from health-conscious consumers and food processing industry. The rising development of innovative vegan and plant-based egg alternatives is another opportunity area.

The global expansion of the egg processing market is driven by growing international trade of egg products. Major exporters of egg products include countries like the Netherlands, Germany, Belgium, France, and the United States. Egg powder and washed/unwashed whole eggs are the major exported products.

Market drivers

Rising demand for value-added egg products is one of the key drivers of the egg processing market. The increasing working population and demand for convenience food products have been fueling the consumption of ready-to-cook and ready-to-eat egg products. Working women, in particular, prefer value-added eggs as they save time in cooking and preparation. The improved distribution network of frozen, dried, and liquid egg products worldwide is also contributing to market growth.

PEST Analysis

Political: The egg processing market is moderately regulated by governments across various countries. Regulations determine hygiene, packaging, and food safety standards to be followed by manufacturers.

Economic: Consumption of processed eggs has increased steadily over the years owing to rising disposable incomes and fast-paced lifestyles. The economic growth impacts demand positively.

Social: Changing consumer preferences towards convenience food products due to busy schedules has benefitted the market. Growing health consciousness also increases consumption of processed eggs having fewer calories.

Technological: Advanced machinery for efficient sorting, grading, cleaning, and packing eggs has enhanced production capacities. Automation in processes has improved productivity while reducing labor costs.

Geographical Regions with Highest Market Value

North America holds the largest value share in the global egg processing market currently. The US accounts for the major demand due to a vast consumer base and considerable per capita egg consumption.

Fastest Growing Regional Market

Asia Pacific is projected to witness the fastest growth during the forecast period with China and India playing a pivotal role. Rising wealth, population trends, and westernization of diets in developing Asian countries will drive future market expansion.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it