Egg processing Market Growth Factors, Product Overview, Segmentation And Forecast Study To 2027

The increasing awareness regarding health benefits of eggs such as presence of protein and vitamins among others is expected to drive growth of the egg processing market across the globe. The increasing demand for eggs from the food industry is another factor contributing to the market growth. According to the U.S. Department of Agriculture, in 2012, the per capita consumption of egg was 254 per person per year which increased and reached 279 eggs per person per year in 2017.

Global egg processing market is expected to exhibit a CAGR of 4.3% over the forecast period, owing to its various applications in global food industry such as bakery & confectionery, dairy products, ready-to-eat and soups & sauces, among others.

Among applications, the bakery & confectionery segment is expected to account for a significant share in case of the global egg processing market in 2019. Bakery and confectionery items such as bread, biscuits, cakes, cookies, sugar confectionery, candies, nougat and pastries, among others are added with egg products such as dried, liquid or frozen. The demand for egg production and processing is expected to increase during the forecast period, owing to the growing confectionery industry. For instance, according to Coherent Market Insights’ analysis, the confectionery market is expected to witness CAGR of 3.8% during the forecast period (2017– 2025).

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Among regions, Asia Pacific is expected to account for a significant market share during the forecast period (2020-2027) owing to increasing government initiatives regarding the food processing industry and increasing consumption for eggs. For instance, according to the India Brand Equity Foundation IBEF), in 2019, the Indian food processing industry accounted for 32% of the country’s total food market. Moreover, as per the same source, major initiatives taken by The Government of India aim towards boosting growth in the food processing industry by leveraging reforms such as 100% Foreign direct investment (FDI) in marketing of food products and various incentives at central and state government level along with a strong focus on supply chain infrastructure.

Detailed Segmentation:

Global Egg Processing Market, By Product Type:
Dried Egg Products
Liquid Egg Products
Frozen Egg Products

Global Egg Processing Market, By Application:
Bakery & Confectionery
Dairy Products
Ready-to-Eat
Soups & Sauces
Others

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Key companies covered as a part of this study include Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP.

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