Introduction
According to Stratview Research, the global egg products processing market is expected to grow at a CAGR of 3.48% during the forecast period, from 2022 to 2028. This growth is attributed to a number of factors, including the increasing demand for convenient and processed food products, the rising popularity of egg-based dishes, and the growing awareness of the health benefits of eggs.
Egg products processing involves the breaking, mixing, pasteurizing, and packaging of eggs and egg products. Egg products can be classified into four types: whole eggs, egg whites, egg yolks, and liquid eggs. Liquid eggs are the most common type of egg product.
Market Drivers
The following are some of the key drivers of the egg products processing market:
- Increasing demand for convenient and processed food products: Egg products are widely used in a variety of food products, such as bakery products, confectionery items, dairy products, and ready-to-eat meals. The growing demand for convenient and processed food products is driving the growth of the egg products processing market.
- Rising popularity of egg-based dishes: Egg-based dishes are becoming increasingly popular around the world. This is due to the growing awareness of the health benefits of eggs and the increasing variety of egg-based dishes available. The rising popularity of egg-based dishes is driving the demand for egg products.
- Growing awareness of the health benefits of eggs: Eggs are a good source of protein, vitamins, and minerals. They are also low in calories and fat. The growing awareness of the health benefits of eggs is driving the demand for egg products.
Market Trends
Some of the key trends in the egg products processing market include:
- Focus on innovation: Egg product processors are increasingly focusing on innovation to develop new and improved products. This includes the development of new egg product formats, such as powdered eggs and egg flakes, and the development of egg products with enhanced nutritional and functional properties.
- Growing demand for sustainable egg products: Consumers are increasingly demanding sustainable and ethical food products. Egg product processors are responding to this demand by sourcing eggs from sustainable farms and using sustainable processing practices.
- Expanding applications: Egg products are being used in an increasing range of applications, such as in the development of new food products, in the production of pharmaceuticals and cosmetics, and in the development of biofuels. The expanding applications of egg products are driving the growth of the market.
Key Market Players
Some of the key players in the egg products processing market include:
- Cal-Maine Foods, Inc.
- Sanovo Technology Group
- Avril SCA
- Eurovo SRL
- Interovo Egg Group BV
- Pelbo SPA
- Bouwhuis Enthovan
- Igea SA
- Actini Group (Actini Sas)
Regional Analysis
The North American region is the largest market for egg products processing, followed by Europe and Asia Pacific. The growth of the egg products processing market in North America is attributed to the increasing demand for convenient and processed food products, the rising popularity of egg-based dishes, and the growing awareness of the health benefits of eggs.
The European egg products processing market is growing due to the increasing demand for sustainable and ethical food products and the expanding applications of egg products. The Asia Pacific egg products processing market is growing due to the rising disposable incomes and the growing urbanization.
Conclusion
The global egg products processing market is expected to grow at a steady pace in the coming years. This growth is attributed to a number of factors, including the increasing demand for convenient and processed food products, the rising popularity of egg-based dishes, and the growing awareness of the health benefits of eggs.
The egg products processing market is also witnessing a number of trends, such as a focus on innovation, a growing demand for sustainable egg products, and expanding applications. These trends are expected to drive the growth of the market in the coming years.
Future Outlook
The future of the egg products processing market is bright. The market is expected to continue to grow in the coming years, driven by the factors mentioned above. In addition, the market is expected to benefit from the emerging trends in the food industry, such as the growing demand for personalized nutrition and the increasing focus on sustainability.
Egg product processors are well-positioned to capitalize on the growth opportunities in the market. By focusing on innovation, developing sustainable products, and expanding into new applications, egg product processors can continue to grow their businesses and succeed in the market.
