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Processed Eggs Market Trends, Top Companies, Share, Growth And Forecast 2033
Processed Eggs Market Trends
According to The Business Research Company's, The processed eggs market size has grown steadily in recent years. It will grow from $28.11 billion in 2023 to $29.45 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to consumer demand and dietary, regulatory environment, supply chain dynamics, global economic conditions, cultural and regional influences.
The processed eggs market size is expected to see steady growth in the next few years. It will grow to $34.77 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to rising health consciousness, innovation in product development, sustainability practices, changing demographics, government initiatives and policies. Major trends in the forecast period include e-commerce and digitalization, consumer demand for convenience, health and wellness focus, innovations in processing techniques, sustainable and ethical sourcing.
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Market Drivers and Trends:
The growing demand for processed eggs is expected to boost the growth of the processed eggs market going forward. An egg is a hard-shelled reproductive body produced by a bird or domestic chicken that is used as food in addition to a primary component for baked goods. Processed eggs refer to products made from eggs or egg mixes. These processed egg products are pasteurized to kill salmonella and other pathogens, making them a safer alternative to fresh eggs and providing excellent protein sources. Hence, the growing demand for an egg will boost the need for the processed egg market. For instance, in April 2022, according to statistics published by Department for Environment Food & Rural Affairs, a UK government department, the number of eggs purchased by UK egg processors totaled 1,113 thousand cases (equivalent to 24.4 thousand tonnes) in Q3 2021, a 22% rise over the same period in 2020 and a return to pre-2020 levels. In Q3 2021, liquid eggs accounted for 72% of total output; compared to the same quarter of 2020, total output increased by 19% in Q3 2021. Additionally, according to Statistics Canada, a Canada-based government agency, the production of eggs in 2020 reached 839 million of dozens from 822 million of dozens. Therefore, the growing demand for processed eggs is driving the growth of the processed eggs market.
Product innovation is the key trend gaining popularity in the processed eggs market. Major companies operating in the processed eggs market are focusing on developing new products. For instance, in October 2022, Jimmy Dean Brand, a US-based protein breakfast brand, launched Egg Bites. These egg bites are odd as they provide 17g of protein and are ready to eat in just a few minutes, making the morning ritual easier and more delicious. The fully cooked bites include fluffy whole eggs, premium Jimmy Dean Sausage or Bacon, and real cheese baked in a single skillet for a warm, simple meal at home or on the road. Jimmy Dean Egg Bites come in two varieties: Meat Lovers, Sausage, and Three Cheese. Each 4-ounce box contains two egg bits.
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Major Key Players of the Market:
Interovo Egg Group B.V.; Rose Acre Farms; Ballas Egg Products Corporation; Moba Group; Rembrandt Enterprises; Daybreak Foods Inc.; SKM Egg Products; Tyson Foods Inc.; Pulviver SPRL; EggSolutions; Shepherd Eggs; OVOBEST egg GmbH u. Co. KG; Griffiths Family Foods; Avril Group; Cal-Maine Foods Inc.; EPS S.P.A.; Wabash Valley; Michael Foods Inc.; Midwest Poultry Services L.P.; Weaver Brothers; Hickman's Egg Ranch; Sparboe Farms; Hidden Villa Ranch; Hillandale Farms; Versova Holdings LLP; Center Fresh Group; MPS Egg Farms; Prairie Star Farms; Gemperle Family Farms; Herbruck's Poultry Ranch
Processed Eggs Global Market Report 2024 Market 2024 Key Insights:
• The processed eggs market size will grow to $34.77 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
• Rising Demand For Processed Eggs To Drive Market Growth
• Product Innovations Transforming The Processed Eggs Market
• North America was the largest region in the processed eggs market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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