April 23, 2024

Egg Processing Market is Trending due to Increasing Demand for Value-added Products

The global egg processing market is experiencing significant growth driven by increasing demand for value-added products. Egg processing involves grading, chilling, freezing, drying, and mixing eggs to produce various forms for consumption including liquid, dried, and frozen eggs. The increasing popularity of processed eggs in ready-to-eat meals, bakery products, and breakfast dishes is fueling the demand for egg processing worldwide.

The Global Egg Processing Market is estimated to be valued at US$ 51.9 Billion in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period from 2023 to 2030. Egg processing offers advantages like longer shelf life, consistent quality, and easy usage in various food formulations. The growing working population and changing dietary patterns have increased the demand for convenient and easy-to-cook food products using processed eggs.

Key Takeaways

Key players operating in the Egg Processing market 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 capacity expansion and new product launches to strengthen their market position.

The growing demand for bakery and confectionery products integrated with processed eggs is driving the market growth. Processed eggs deliver improved texture and moistness in various bakery products. The rising availability of innovative bakery food items using processed eggs is surging their demand.

The global egg processing market is witnessing significant expansion into new geographical regions. Leading market players are investing in emerging countries of Asia Pacific and Latin America to tap the opportunities offered by developing food processing industry in these regions. Supportive government initiatives for agriculture and food business development will further boost the processed egg demand.

Market Key Trends

One of the key trends in the egg processing market is the growing popularity of liquid egg products. Liquid eggs have higher applications in ready meals, soups, sauces, and desserts due to their easier blending properties. The increasing demand for convenience cooking is augmenting the sales of liquid eggs globally. Leading market players are focusing on offering a variety of liquid egg products including whole egg, egg yolks, and egg whites to expand their customer base. This trend is expected to continue in the forecast period.

Porter’s Analysis

  • Threat of new entrants: Low startup costs and availability of raw materials pose a moderate threat.
  • Bargaining power of buyers: Large buyers such as food retailers can negotiate lower prices due to bulk purchases.
  • Bargaining power of suppliers: Egg producers have moderate bargaining power due to lack of substitute resources.
  • Threat of new substitutes: Alternative proteins pose low threat currently due to consumer preferences for eggs.
  • Competitive rivalry: Intense competition exists among major established processors to gain market share.

Egg Processing Market by Geographical Regions

North America accounts for the largest share of the global egg processing market currently, valued at over US$ 15 Bn in 2024 due to large consumption and production.

The Asia Pacific region is projected to grow the fastest during the forecast period owing to rising incomes, westernization of diets, and an expanding urban population in countries such as China, India, and Indonesia. Per capita egg consumption in Asia is expected to witness a CAGR of over 7% between 2023-2030.

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