Global Processed Egg Market - Growth, Trends and Forecasts (2017 - 2022)

Published - Jan 2017 | Category - Food & Beverages | No. of Pages - 163 | Published By - Mordor Intelligence

Report Highlights

The processed egg market is projected to reach USD XX billion by 2021 growing at a CAGR of 3.59 percent from 2016 to 2021. Eggs have been a valuable source of food in cuisines across the world and bird eggs are one of the most versatile ingredients used in cooking. They play an important role in many branches of the modern food industry, especially in baking, as their particular chemical makeup acts as a glue in many important baking reactions.

Convenience and ease of use and storage of processed eggs drive the egg processing market. Due to increasing urban population and busy lifestyles, there is an increasing demand for this convenience food. Processed eggs eliminate the need to manually break shells and separate various components of the egg. Moreover, due to technological advancements, processed eggs are more efficiently treated and pasteurized, hence assuring safety, reduced risk of contamination, and extended shelf life. Processed Eggs are also majorly used as a source of high quality protein in sports and bodybuilding.

Eggs are easily found in almost every grocery and meat store at a low price and due to ease of availably, it is a major restraint in the market. The raise in vegan food trends and the plea for humane treatment of animals over the recent years have increased the use of egg substitutes in the market, serving as a restraint in the processed egg market. Moreover, the food safety regulations implemented by governments are restraining the growth of the market. However, opportunity arises in the form of application of processed eggs in new and novel food products, such as nutraceuticals and healthcare products. It also sees opportunity as a convenient form of ingredient in the food & beverage industry for rapid production of foodstuff, requiring egg and egg substances, as it cuts down manual labor drastically.

Processed eggs are used widely as an ingredient in various food products such as baked foods, dairy products, sweets and confectionary, ready-to-eat, and nutritional supplements, with growth in the market over the forecast period. The baking industry is a major processed egg market, with the chemical structure of egg acting as a leavening, moisturizer, and emulsifying agent in baked goods from cakes to cookies. The major product types are liquid eggs, frozen eggs, and dried eggs, among others. These are available as whole eggs, whites, yolks, and various blends. Liquid egg makes up the largest market share with its wide range of applications in various industries, followed by dried (powdered) egg which has the longest storage life compared to any other form of the product. The source of egg is segmented into chicken, duck, quail, and others. With processed chicken egg making up the largest market share with more than 92% of the processed eggs sold.

The North American region dominated the market for processed egg in 2015. In the Asia-Pacific region, population growth, rapid urbanization, and awareness about the nutritional benefits of processed egg products are contributing to the growth of the market. The demand for products made with processed egg is growing rapidly in developing countries such as China and India. Production and export of egg products have been highly attractive investments for a number of exporters in various developing countries, with more than 70% eggs being produced in China, India, U.S., Japan, Indonesia, Mexico, Brazil, and France. Out of these, 36% of the eggs are produced in China and about 11% in Latin America.

The key market players in the market are;

Cal-Maine Foods, Inc

Daybreak Foods

Dr. Oetker

Eurovo S.R.L

Moba B.V.Pulviver

Rose Acre Farms

Rembrandt Enterprises

 The key participants are involved in exploring new regions through new product launches across the world, to achieve a competitive advantage through combined synergies.

Key Deliverables

Market analysis for the global processed egg market, with region specific assessments and competition analysis on global and regional scale

Market definition along with the identification of key drivers and restraints

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale

Extensively researched competitive landscape section with profiles of major companies along with their market share

Identification and analysis of the macro and micro factors that affect the Global Processed Egg Market on both global and regional scale

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

 

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