Global Egg Processing Machinery Market - Segmented by Type, Source, Application and Geography (2018 - 2023)
The global egg processing machinery market is projected to grow at a CAGR of 3.7% during the forecast period of 2018 to 2023. The convenience of use, extended shelf life and ease of storage of processed eggs, drives the egg processing machinery market.
Eggs are among the most versatile ingredients used in cooking, playing an important role in many branches of the modern food industry, particularly in baking. Their particular chemical makeup acts as a glue in many important baking reactions. The popularity of eggs in the food industry paves way for the egg processing industry. There are various steps and equipment involved in egg processing, including removal of eggshells, filtration, mixing, blending, stabilizing, pasteurizing, freezing, drying and packaging.
Increasing Applications for Processed Eggs
Rise in urban population and busy lifestyles have led to an increasing demand for convenience food. Processed eggs eliminate the need to manually break shells, separate various components of eggs, namely yolk and egg white. Moreover, the reduced risk of contaminants and bacteria in processed eggs is another factor that attracts consumers.
The restraints in the egg processing machinery market include the high initial investment in the processing machinery, which deters many small manufactures in setting up a manufacturing facility. The raise in vegan food trends, which over the recent years has caused increased use of egg substitutes in the market, is also serving as a restraint in the egg processing machinery market. However, opportunity arises in the form of application of processed eggs in new and novel food products, such as nutraceuticals and healthcare products.
Egg Pasteurizing Equipment to Hold Prominent Share
The global egg processing machinery market is segmented based on the type of machinery used into - egg breakers, pasteurizers, filters, egg separators, spray driers, homogenizer, and centrifuge. Pasteurization is required to produce high quality and contamination free liquid eggs, which can be sold as end product or further processed into dried and frozen processed eggs, thus generating one of the largest market shares for egg pasteurizing equipment. Egg processors prefer to install an integrated assembly line that encompasses all the steps of egg processing, from start to end, to minimize their cost and increase the yield. Manufacturers choose the type of equipment required, according to the final product. The major product types are liquid eggs, frozen eggs, and dried eggs. 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.
North America to Dominate The Market
The North American region dominated the global market for egg processing machinery in 2016, with the United States having the largest share in the North American market. In the Asia-Pacific region, population growth, rapid urbanization, and awareness about the convenience and nutritional benefits of processed egg products are contributing to the growth of the market for processed eggs and in turn for egg processing equipment. The demand for products made with processed egg is particularly showing significant growth in developing countries such as Mexico, China, and India, which are setting up new factories for egg processing.
The major players include - OVOBEL, SANOVO TECHNOLOGY GROUP, MOBA B.V., ACTINI GROUP, OVO TECH, PELBO S.P.A, amongst others.
Reasons to Purchase this Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook