Global Egg Processing Market
Global Egg Processing Market Size Set to Touch USD 31.56 Billion by 2029
Published | 26 July 2023
Global egg processing market is gaining traction because of a spurring demand for processed egg products as a result of increasing health consciousness among consumers.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the global egg processing market size at USD 27.65 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global egg processing market size to grow at a CAGR of 3.65% reaching a value of USD 31.56 billion by 2029. Increased egg consumption owing to consumer health consciousness and increased demand for food items with a longer shelf life are two major development factors for the global egg processing market. Additionally, technological developments in egg-processing equipment are anticipated to be a major factor in driving the market's expansion.
Global Egg Processing Market – Overview
A subset of the food processing sector, egg processing involves transforming eggs into a variety of edible forms for consumption. Freezing and dehydration are the two methods that are most frequently employed to preserve eggs. There are several uses for processed egg products, including pre-peeled eggs, pre-peeled hard-boiled eggs, and freeze-dried scrambled eggs. Additionally, processed eggs are available frozen in a number of forms, including omelets, French toast, quiche, and precooked fried and scrambled eggs.
Global Egg Processing Market – By Application
Based on application, the global egg Processing market is segmented into bakery, confectionery, dairy products, ready-to-eat meals, soups & sauces, and others. The bakery segment accounts for the largest market share. Eggs are frequently used in baking items to thicken, emulsify, raise volume, stabilize, and provide distinctive colors and tastes. Egg whites are necessary for cakes, where they operate as a leavening agent to develop volume and have a distinctive whipping ability. The increasing demand for bakery products as a result of rising spending on packaged and convenience goods is anticipated to drive the global egg processing market's growth during the forecast period.
Impact of COVID-19 on Global Egg Processing Market
The unprecedented COVID-19 pandemic resulted in a significant decline in the global egg processing market's growth. Although the egg processing industry was functional even under lockdown owing to it being an essential commodity, all animal products such as meat, dairy products, and eggs registered low demand during this period. Furthermore, the shortage of labor and disruptions in the supply chain also posed challenges to market growth. However, the market is anticipated to resume its pace in the post COVID-19 period due to increasing health consciousness among consumers and rising demand for convenience food items.
Major players operating in the global egg processing market include Actini Group, Paul Mueller, Cal-Maine Foods, Inc., Moba B.V., Eurovo S.R.L., Igreca S.A., Interovo Egg Group E.V., Pelbo S.P.A., Bouwhis Enthovan, and Sanovo Technology Group. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Global Egg Processing Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Global Egg Processing Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
- Egg Processing Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Product Type (Dried Egg Product, Liquid Egg Product, Frozen Egg Product); By Application (Bakery, Confectionery, Dairy Products, Ready-to-Eat Meals, Soups & Sauces, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Publish Date: July 2023
A spurring demand for processed egg products driven by increasing health consciousness among consumers is expected to boost the growth of global egg processing market during the forecast period between 2023 and 2029.
Relevant Press Releases
- Saudi Arabia Dietary Fibers Market to Grow at Steady 7.5% CAGR during 2022–2028
- Global Halal Food Market is Expected to Grow at CAGR 7.2% During the Forecast Period, 2019-2025
- Saudi Arabia Dietary Supplements Market to Grow at a CAGR of 11.2%
- India Dry Ice Market Grows at Significant CAGR of 7% to Touch USD 18.31 Million by 2029
- India Sports and Energy Drinks Market Size Set to Expand at CAGR of 8.15% Reaching USD 4.1 Billion by 2029