Egg processing Market: Things to Focus on to Ensure Long-term Success

The global egg processing market is projected to surpass US$ 40.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.3% during the forecast period (2020 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.

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The increasing demand for eggs is expected to boost the growth of the global egg processing market. As per the UN Food and Agriculture Organization, in 2014, the egg consumption in the U.K was 10.66 kg per capita which increased and reached 11.23 kg per capita in 2017. Moreover, as per the same source, China recorded egg consumption of 18.63 kg per capita in 2014 which increased and reached 22.72 kg per capita by 2017.

Key players are focusing on launching new products to create growth opportunities at a global level. For instance, in September 2018, SKM Egg Products introduced egg white cubes in India. These cubes are made from egg white cube which can be used in various food items or as a ready-to-eat meal.

The increasing demand for processed food across the globe is another trend which can favor the growth of the egg processing market. Demand for processed food is growing in urban areas owing to the rising disposable income and working middle class population. As per the Organization for Economic Cooperation and Development, disposable income in China increased to US$ 5,278.3 in 2017 from US$ 3562.2 in 2012. Moreover, consumer spending in India increased to US$ 270.48 billion in 2018 from US$ 63.67 billion in 2004. Similarly, consumer spending in the U.S. increased from US$ 11,971.9 billion in 2015 to US$ 12,847.82 billion in 2018.

Competitive Section

Key players are operating in the global Egg Processing market are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP

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