Egg Processing Market is Primed for Growth Due to Rising Consumer Health and Wellness Trends

 Eggstory Singapore

The egg processing market involves multiple processes that eggs undergo from farm to packaging for consumers. Key processes include grading, cracking, mixing, freezing and drying. There is high demand for processed eggs due to their convenience of use in various food preparations and longer shelf life. The market has benefitted from the rising popularity of packaged breakfast meals and on-the-go snacks high in protein content. 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 of 2023 to 2030.

Key Takeaways

Key players operating in the egg processing market include 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 expansions and new product launches to cater to the growing demand.

The market provides opportunities for value-added processed products like egg powder, frozen whole eggs and specialized offerings like cholesterol-free and high protein eggs. Growing health-consciousness is driving demand.

Major players are undertaking strategic acquisitions and partnerships for global expansion into emerging markets of Asia Pacific and Latin America which are expected to exhibit high growth in the coming years.

Market Drivers

Rising consumer health and wellness trends are driving the demand for nutrient-rich and high protein egg products. Processed eggs with longer shelf-life are convenient options for time-pressed consumers.

Growing promotion of benefits of processed eggs by manufacturers through marketing and advertising campaigns are increasing trial among populations which is propelling the market growth.

Market Restrains

  • Volatility in egg and grain prices poses challenges for processors in effectively pricing products.
  • Strict food quality and safety regulations raise compliance costs for players and impact profit margins.

Segment Analysis

The egg processing market is dominated by the liquid egg segment. Liquid eggs account for over 60% of the total egg processing market share. Liquid eggs are preferred by food processors as they are easy to use and handle. They are used as ingredients in various food products like breads, cakes, sauces, soups, and others. The food processing industry is the largest consumer of liquid eggs. Therefore, the demand from large food companies ensures stable revenue and volume for liquid egg producers.

The dried egg products segment holds the second largest share in the egg processing market. Dried egg products have a long shelf life and are convenient to use. They are extensively used in military and space rations. Dried egg products find applications in food mixes like pancake mix, biscuit mix, etc. due to their ease of handling. Areas with extreme weather conditions and infrastructure concerns maintain a strategic stock of dried egg products to manage short supply disruptions.

Global Analysis

The North American region accounts for a dominant share in the global egg processing market. Developed economies of the US and Canada generate high demand for processed egg products from food companies. Rapid expansion of the foodservice industry with new product developments drives market growth in the region.

The Asia Pacific region is the fastest growing market for egg processing. Countries like China, India, Indonesia, Vietnam are witnessing strong growth in demand due to increasing population and changing food consumption patterns. Growing disposable incomes allow consumers to shift from whole eggs to convenient processed egg items. Developing food processing sectors in Asia Pacific countries provide opportunities for large egg processing companies to strengthen their regional presence.

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