Egg Processing Market Future Outlook: Strategic Planning
The egg processing industry involves breaking eggs, removing shells, freezing, drying and mixing with other ingredients to produce wide range of egg products. These value-added products such as dried eggs, liquid eggs and frozen eggs have longer shelf life and are convenient to use in comparison to shell eggs. The growing demand for convenience and ready-to-eat food items has been a major factor boosting the egg processing market growth globally. The egg processing helps in reducing food wastage and meets the demand for egg products throughout the year. 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 2023 to 2030.
Key Takeaways
Key players operating in the Egg Processing are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. These key players are focusing on capacity expansion and new product launches to strengthen their foothold in the global market.
The growing demand for processed egg products in food industry has been a major factor driving the market growth. Eggs and egg products are widely used in bakery, snacks, sauces and many other food applications owing to high nutrient value. The increasing usage of eggs in ready meals, breakfast products and other fast moving consumer goods has augmented the market growth.
The global egg processing market has been witnessing rapid expansion over the past few years with growing international trade of egg and egg products. The key exporting countries include the Netherlands, Belgium, Germany and Poland while major importing countries are Saudi Arabia, Russia and Mexico. The rising mergers and acquisitions between major players and regional players is strengthening the global supply chain network.
Market Key Trends
One of the key trends gaining popularity in the egg processing market is the growth in demand for organic and pasteurized egg products. Companies are focusing on offering organic and chemical-free egg products to cater to the rising health conscious population. The pasteurization process helps in increasing shelf-life of egg products while keeping the nutritional value intact. This process is becoming increasingly popular among food manufacturers and consumers globally.
Porter’s Analysis
Threat of new entrants: High capital investment and economies of scale create barriers to entry. Bargaining power of buyers: Large buyers can negotiate lower prices from suppliers due to high demand. Bargaining power of suppliers: A few large suppliers exist for egg products giving them some influence over prices. Threat of new substitutes: Alternatives like plant-based proteins pose threats, though eggs still have health and taste advantages. Competitive rivalry: Industry players compete on quality, innovation, and brand; creating differentiation is important.
Geographical Regions
The geographical region where the egg processing market is concentrated in terms of value is North America. North America accounted for approximately 35% revenue share of the global market in 2024 owing to increased egg consumption in bakery, dairy and other food products.
Another rapidly growing region for the egg processing market is Asia Pacific. Asia Pacific market is projected to witness the highest CAGR of around 7% during the forecast period. This is attributed to rising incomes, growing demand for convenience foods and awareness about health benefits of eggs in countries like China and India. Changing consumer preferences towards nutritional and high protein foods also propels the regional market.
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