Global Processed Egg Market - Segmented by Type, Distribution channel and Geography (2018 - 2023)
The market is expected to grow at a CAGR of 3.7% from 2018 to 2023. 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.
Increasing Demand for the Convenience Food
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 for processed eggs arises in the form of application in new and novel food products, such as processed egg s 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 Chicken Eggs dominating the market
Processed eggs 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. Processed chicken egg making up the largest market share with more than 92% of the processed eggs sold. 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 has wide range of applications 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.
The North American region dominated the market for processed egg in 2015. In the Asia-Pacific region, factors such as 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.
Major Players: CAL-MAINE FOODS Inc, MOBA B.V., ROSE ACRE FARMS, BALLAS, REMBRANDT ENTERPRISES, DAYBREAK FOODS, PULVIVER, HONEYVILLE, DR. OETKER, INTEROVO EGG GROUP B.V
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