The egg processing market comprises egg breaking, mixing, blending, drying and filtering processes to produce valuable products from shell eggs such as egg powder, frozen whole egg and liquid egg products. Egg processing helps extend shelf life and ensure availability of nutritional and versatile eggs throughout the year. Eggs have high protein content and are a rich source of vitamins and minerals. They find wide applications in food production as ingredients in baked goods, dairy products, mayonnaise and more. Advancement in egg processing technologies over the years has made it possible to efficiently process large volumes of eggs while maintaining food safety and quality.
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.
The key opportunities in the Egg Processing Market Trends include scope for investments in emerging economies through technology transfer and expansion of processing facilities. Additionally, focus on product innovation through fortification of liquid and powdered eggs with micronutrients offers growth potential.
Technological advancements such as automated liquid and powder egg production lines, advanced drying technologies, UV pasteurization systems and egg breakers have increased efficiency and consistency in processing. This has enabled large scale commercial production of various egg products.
Market Drivers
Rising demand for processed and functional food products fortified with high quality proteins is a major market driver. Changing consumer dietary habits, busy lifestyles and growing preference for tasty and convenient food ingredients are expected to fuel the demand for egg products. Moreover, steady growth of bakery, dairy and prepared foods industry will support the market over the forecast period.
Current challenges in the Egg Processing Market
The egg processing market is facing challenges like maintaining quality standards and regulations. Strict quality and safety regulations are imposed by authorities to ensure packaged eggs are safe for consumption. Players need to invest in advanced processing facilities, equipment, and quality checks to meet these guidelines. Supply chain disruptions due to COVID-19 pandemic also impacted the market. Logistical issues like transportation delays and lack of manpower posed operational challenges.
SWOT Analysis
Strength: Processed eggs have long shelf life and are convenient to use. They also provide consistency in product quality.
Weakness: Raw materials are exposed to price volatility. High capital investment needs increase entry barriers.
Opportunity: Egg Processing Market Challenges And Opportunities for packaged food fuels sales. Innovation in nutrient-enriched and customized egg products creates prospects.
Threats: Threat from substitutes like plant-based proteins. Competition intensifies from local players.
Geographical regions
North America dominates the market currently, accounting for over 30% of global revenue. Growth there stems from changing lifestyles, preference for convenient packaged foods.
The Asia Pacific region provides most promising growth opportunities during the forecast period. Developing countries like China and India witnessing rising incomes and westernization of diets. This augments demand for value-added egg products in the region.
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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)
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