Egg Processing Market | Industry Insight 2019-2025 Covered players - Akita Co., Ltd., Global Food Group, Venkateshwara Hatcheries Pvt Ltd., VietFarm Co, Ltd.

Egg Processing Industry

Description

Egg processing refers to the series of activities that are undertaken to enhance the functional and safety properties of eggs and egg-based products. The process includes several actions starting from collection of eggs in production plant to final packaging and handling of processed egg products. The advantages of egg processing includes long shelf life, low bacteria contamination, ease of handling and storage.

The global egg processing market valued USD 30.3 billion in 2018 and expected to grow at a CAGR of 7.9% to reach a market value of above USD 47 billion by 2026.

Market Dynamics: Drivers, Restraints, Opportunities Challenges

The growing consumer awareness towards benefits of processed foods and outbreak of bacterial contamination through egg products has driven the need for egg processing. Food manufacturers across the globe are focused on procurement of high-quality and nutritious egg products to cater this shifting preference of consumers.
Egg is considered as a major ingredient in various kinds of food products owing to its rich in protein nature and high nutrient content. The use of egg and egg-based products has significantly increased in bakery, confectionery, ice creams, and several other food categories. However, the use of eggs is associated with several challenges such as risk of contamination, low shelf life of eggs, and complex transportation and handling requirements. These factors have driven the demand for egg processing. Processing improve nutritional, safety, and functional properties of eggs. Processed eggs has several benefits such as increased shelf life, convenient to use, stability in quality and are contaminant-free.

These benefits are motivating the food and beverage manufacturers towards use of processed egg-based products in their formulations, thus driving the market. However stringent food safety regulations associated with use of processed egg products are hindering the growth of global egg processing market.

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Key Segments

Egg Processing Market by Product Type
• Liquid
• Frozen
• Dried
• Chilled

Liquid egg dominates the global egg processing market owing to its advantages such as ease of handling and storage, low risk of bacterial contamination over its dried and chilled counterparts. Liquid eggs are extensively used in production of desserts, icings, protein shakes, smoothies and caesar salad dressing.
According to Department of Environmental Food and Rural Affairs, in UK liquid egg accounted for 65% of total egg production in 2018. U.S. Department of Agriculture stated that global production of liquid eggs increased by 6% from 2017 to 2018.

Egg Processing Market by Application

• Dairy Products
• Soup and Sauces
• Ready to Eat Food
• Others

Frequent incidents of salmonella infections caused through usage of table eggs led to shift in consumer preference towards pasteurized eggs. These pasteurized eggs are scientifically proven to be free from salmonella and other pathogenic bacteria. Major hotels and airline catering service provided in countries like the U.S. and Spain had increased the usage of pasteurized eggs owing to their extended shelf life. Shift in consumer preference towards ready-to-eat food is fueling the growth of egg processing market. Processed eggs are used extensively in production of ready-to-eat convenient food.

Geographic Landscape

Asia Pacific is the leading egg producing region of the world and the egg processing market in countries such as India, Japan, Taiwan, and China has risen exponentially with time. The growing utilization of egg and egg products in food and beverage manufacturing is driving the market in this region.

The primary factor boosting the growth of the market in India is the well-established poultry industry and large volume of egg production. According to Ministry of Statistics and Program Implementation, the annual production of Eggs in India increased from 60.24 billion in 2009-10 to 82.9 billion in 2015-16, supporting the growth of egg processing market.
Increased commercial production of eggs and poultry farms are contributing to the growth of U.S. egg processing market. Consumer preference towards high quality eggs led to increased investment by the commercial egg producers in processing activities. High presence of confectionaries & bakeries and extensive usage of processed eggs in various applications is contributing to the growth of the market. According to a study published in USDA AMS, in 2018 more than 56.7 billion eggs were processed for various applications.

Competitive Landscape:

The global egg processing market is eventually turning towards consolidation with the entry of larger players. Growing poultry industry and technological advancements in egg processing is expected to see new market entrants thereby intensifying competition in coming years. Growing technological innovation in egg processing equipment is expected to be adopted by the existing players to improve their efficiency and production capabilities, thereby enhancing their global presence and market share.

Major players in the Egg processing industry are focusing on establishment of new production plants, particularly in egg importing countries to meet the consumer demand.
In April 2019, Ovostar Union increased its egg processing volume from 139 million eggs in 2018 to 142 million eggs in 2019 to meet the demand for dry egg products from importing countries.

• In October 2018, DolgovGroup has initiated investment in new egg processing plant in Russia for producing pasteurized egg white/yolk and dried egg products. The new production plant in Kaliningrad region is planning to produce 750,000 eggs a day due to high presence of poultry farms.
Major players in the global egg processing market include Newburg Egg Corp., Ready egg products, SKM Egg Products Exports Limited, and Global Food Group.

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Table of Content

1. Global Egg Processing Market Methodology and Scope

2. Global Egg Processing Market – Market Definition and Overview
3. Global Egg Processing Market – Executive Summary

4. Global Egg Processing Market Dynamics

5. Global Egg Processing Market – Industry Analysis

6. Global Egg Processing Market – By Product Type

7. Global Egg Processing Market – By Product Form

8. Global Egg Processing Market – By Application

9. Global Egg Processing Market - By Region

10. Global Egg Processing Market Competitive Landscape

11. Global Egg Processing Market Company Profiles
11.1. SKM Egg Products Exports Limited *
11.1.1. Company Overview
11.1.2. Product Portfolio and Description
11.1.3. Key Highlights
11.1.4. Financial Overview
11.2. Global Food Group
11.3. Akita Co., Ltd.
11.4. Jilin Jinyi Egg Products Co., Ltd
11.5. Venkateshwara Hatcheries Pvt Ltd.
11.6. VietFarm Co, Ltd.
11.7. NewburgEgg Corp.
11.8. Taiyo Kagaku Co., Ltd.
11.9. Egg International Asia Pvt. Ltd.
11.10. Ready Egg products.
12. Global Egg Processing Market – Premium Insights
13. Global Egg Processing Market – Data

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