The egg processing market involves the various processes of handling, inspection, collection, breaking, mixing, stabilization, pasteurization, freezing, drying among others that eggs undergo for preparation of various egg products. The different processed egg products include dried egg products, liquid egg products, frozen egg products and others. Processed egg products offer advantages over shell eggs such as extended shelf life, convenience and consistency. Growing demand for processed and value-added food products is escalating the growth of the egg processing market globally.
The Global Egg Processing Market is estimated to be valued at US$ 4.10 Bn in 2024 and is expected to exhibit a CAGR of 10 % over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the egg processing market are Betatech Medical, Hemostasis LLC, CryoLife Inc., CSL Limited, Medtronic PLC, Johnson & Johnson, B.Braun Melsungen AG, Baxter International Inc., Integra Lifesciences Holdings Corporation, and Becton, Dickinson and Company (CR Bard), among others. Growing health consciousness and changing dietary preferences are fueling demand for processed and allergen-free eggs with added nutritional value. Technological advancements such as automated liquid egg breakers, high-capacity egg breaking systems and pasteurization equipment are helping improve productivity and production efficiency in the market.
The increasing Egg Processing Market Demand for processed and value-added food products. Factors such as growing population, changing lifestyles, and increasing disposable income are fueling the demand for processed eggs. Further, shifting consumer preferences towards allergen-free, high protein and nutritional content food products are escalating consumption of processed egg products.
Technological advancements are playing a major role in shaping the egg processing market. Automation of liquid egg breaking systems, pasteurizers, powdered egg manufacturing equipment and introduction of software for quality control and monitoring are helping players enhance production capacities and produce quality egg products. Automated inspection systems are also improving detection of defects and ensuring food safety.
Market Trends
The Egg Processing Market Analysis is witnessing rising inclination towards cage-free and organic eggs to meet the rising demand for humane and natural products. Production of specialty egg products with Omega-3 fatty acids, low cholesterol, lactose-free claims is also gaining traction. Furthermore, growing veganism has prompted manufacturers to develop plant-based egg alternatives made from ingredients like mung bean, chickpea etc.
Market Opportunities
The growing food processing and foodservice industry especially in developing countries presents lucrative growth prospects. Rising urbanization, demand for convenience foods, and expansion of retail networks in emerging nations will augment the sales of processed egg products. Moreover, technological upgrades in inspection, sorting and drying equipment can optimize costs and boost production efficiency opening new avenues.
Impact of COVID-19 on Egg Processing Market
The COVID-19 pandemic has significantly impacted the growth of the egg processing market. During the initial lockdown phases imposed by various governments, the consumption and demand for eggs decreased sharply as restaurants, cafes and foodservice outlets were shut down. This led to supply chain disruptions as processors faced difficulties in moving products from farms to processing facilities and further distribution to customers. Producers were compelled to reduce production volumes and slaughter excess birds.
However, Egg Processing Market Size and Trends soon shifted to retail and household consumption as people started cooking more at home. Processors ramped up production of packaged eggs, egg products and innovations like ready-to-cook/ready-to-eat products to cater to the surge in retail demand. Still, supply chain issues persisted due to shortage of labor and logistical challenges. Moving forward, the market is expected to continue witnessing higher retail demand while foodservice demand slowly recovers with relaxation of restrictions. Processors will need to focus on innovation, supply chain agility and modifying production facilities as per social distancing norms to deal with uncertainties posed by future waves.
The North American region currently accounts for the largest share in value terms of the global egg processing market. This is primarily attributed to growing demand for processed and packaged egg products, innovations in the line of ready meals and snacks containing eggs as ingredients and strong presence of leading market players in the US and copyright.
However, the Asia Pacific region is expected to be the fastest growing market during the forecast period. Factors such as rising incomes, westernization of diets, growing demand for convenience foods and expanding organized retail in countries like China, India and Southeast Asian nations will drive market growth. Countries like India, China, Japan, Indonesia and Vietnam offer strong growth opportunities for domestic as well as international players in the coming years.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)