Press release
Egg and Egg Products Market: Global Survey, Demand, Business Opportunity and Industry Analysis by Forecast to 2023
Global egg and egg products market is projected to grow at a CAGR of 4.5%. Widespread applications of egg and egg products due the health benefits obtained is found to drive its market on a global level. Also, increase in disposable income is found to have a positive influence on this market. Egg and egg products are highly used across the regions for culinary purpose, manufacturing of vaccines, personal care products and others. This has a major impact in the increased sale of egg and egg products in various industries
A shift in consumer’s consumption preferences towards adoption of healthy life-style has influenced the positive growth of egg and egg products share in the market based on the high nutritional value. Increasing application of egg and egg products in personal care products due to anti-ageing properties has increased its market share on a global level. Higher demand for bakery and confectionery products has a positive impact on the increasing sale of egg and egg products in the food market. Key players are following strategies of merger and acquisition of small players due to high demand of the product. U.S. is the dominating country for production and consumption of egg and egg products and also exports the product to various countries of other regions.
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Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major egg and egg products market players. It further includes product portfolios, developments of leading major players which includes
Tyson Foods, Inc. (U.S.)
Land O'Lakes, Inc. (U.S.)
Noble Foods Ltd. (U.K.)
Barry Farms (U.S.)
Godrej Agrovet Ltd (India)
Cal-Maine Foods, Inc. (U.S.) and
Global Egg Corporation (Canada)
The global egg and egg products market is segmented on the basis of form, product-type, application, and region. Based on the form, dried form is found to be dominant holding a major market share. Amongst the various applications, food based based application is calculated to hold a major share owning to high demand from convenience food industries. On the basis of product-type whole egg dominates the market.
Key Findings:
Sale of personal care products with egg as a major ingredient is found to be growing at a higher rate during the forecast period
Top exporters of egg and egg products include China, Spain, U.S., Thailand and Malaysia
Segments:
Egg and egg products has been segmented on the basis of form which comprises of dried, liquid, others. Egg and egg products in dried form is found to hold a major share due to high application in various industries and easy storage property.
Egg and Egg Products has been segmented on the basis of product-type which include egg yolk, egg white, whole egg, others. Whole egg holds a lion’s share among the product-type.
Egg and Egg Products has been segmented on the basis of application which include food (ready-to-eat meals, confectionery, bakery, dips & sauces, dairy products, horeca, others), non-food (personal care, animal feed, medicines & vaccines, others. Food based applications dominates the share among the various applications of egg and egg products owing to increasing consumers demand for ready-to-eat meals and bakery products.
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Regional Analysis:
The global egg and egg products market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is evaluated to be the largest market for egg and egg products followed by Europe. Increased production of egg and egg products in U.S. is projected to generate a high revenue from North America during the given forecast period. Changing consumer preferences for healthy and high nutritional value products will support the sale of egg and egg products in various region during the forecast period. The major importers of egg and egg products include France, Hong Kong, U.K., Singapore and U.S. Based on the higher demand for functional food products and nutraceuticals, the import and export of egg and egg products in the developed countries is found to rise at a steady rate.
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