by The egg processing market involves various processes that eggs undergo post-production on farms. These include cracking, filtering, mixing, stabilization, drying and packing. Processed eggs have various applications in food production due to properties like emulsification, thickening and binding. They are used extensively in bakery products, pasta, mayonnaise and other sauces. The demand for processed and packaged food has been on the rise globally due to fast-paced lifestyles. Consumers prefer food products that are convenient to use, easily available and have long shelf-life. This has driven the growth of the processed egg market which fulfills such requirements of food manufacturers and households. Processed eggs in the form of liquid, frozen and dried eggs provide constant supply throughout the year to the food industry. The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2024-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving growth in the egg processing market has been the increasing use of processed eggs by the food services industry. Foodservice outlets utilize processed egg products extensively for cooking and preparation of dishes efficiently and in bulk quantities. Due to the Covid-19 pandemic, there was rapid growth in the demand for ready-to-eat meals and food deliveries from the foodservice sector. This translated to higher consumption of processed eggs in forms like liquid, frozen and dried eggs which are easy to use, handle and store for commercial kitchens. Moreover, processed eggs have longer shelf-life than shell eggs and ensure uninterrupted supply. The convenience and other advantages have favored processed eggs over conventional shell eggs for meeting demand from the foodservice market.
Porter’s Analysis
Threat of new entrants: Low capital requirement for new entrants but established brands have economies of scale and customer loyalty.
Bargaining power of buyers: Large buyers such as supermarkets and food manufacturers have significant bargaining power due to the consolidated nature of the industry.
Bargaining power of suppliers: Suppliers such as poultry and cattle farmers have moderate bargaining power as egg processors can source from various suppliers.
Threat of new substitutes: Low threat as eggs have distinct nutritional value and are versatile for various culinary applications.
Competitive rivalry: Intense competition among existing players to gain market share through product differentiation, distribution expansion and brand promotion.
Key Takeaways
The global Egg Processing Market is expected to witness steady growth.
Regional analysis comprises: The Asia Pacific region dominates the egg processing market with countries such as China, India, and Japan being the major markets. The growth in the region can be attributed to rising population, urbanization, and increasing demand for processed and packaged foods.
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. Key players are focusing on capacity expansion, product launches, mergers and acquisitions to strengthen their market position. For instance, in 2021, Avril acquired Callias, a French egg processing company to expand its operations.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
