Egg Products Market Projected to Grow at 7.8% CAGR, Reaching USD 49.16 Billion by 2030

Egg Products Market Dynamics Mergers, Acquisitions, and Key Developments Across the Globe

Introduction: The global egg products market, valued at USD 28.98 billion in 2023, is on track for significant growth, with projections to reach USD 40.12 billion by 2030. As demand for egg products continues to rise across the globe, key mergers and acquisitions in major markets such as Vietnam, Thailand, Singapore, Japan, South Korea, and the US are shaping the future of the industry. In this press release, we explore the latest trends, key market players, and strategic moves driving this growth.

Mergers and Acquisitions Transforming the Egg Products Market

Across major markets, mergers and acquisitions are playing a crucial role in shaping the competitive landscape of the egg products market. These strategic moves allow key players to enhance their market share, expand their product offerings, and streamline production processes. Notable mergers and acquisitions from key countries are highlighted below:

1. Vietnam: Vietnam's egg industry has seen a surge in domestic mergers, with local producers consolidating to improve production efficiency. Recent acquisitions in the northern regions have enabled these companies to meet the rising demand for processed egg products, especially in the foodservice and bakery sectors. Leading players like Vinafood have been at the forefront, bolstering their position in the regional market.

2. Thailand: In Thailand, the egg products market has experienced strategic acquisitions aimed at boosting the export of liquid egg products. Siam Food Industries, a leading player, recently acquired a competitor in the southeast region, expanding its portfolio and strengthening its presence in the global export market.

3. Singapore: Singapore continues to be a hub for the egg processing industry, with companies increasingly focusing on innovation in egg powder and liquid products. Hyderabad Eggs Pvt Ltd, in a recent merger with a Singapore-based supplier, is set to enhance the distribution of processed egg products in Southeast Asia and beyond. This merger is expected to accelerate product development and market reach.

4. Japan: In Japan, the push for healthier, more sustainable egg products has prompted major acquisitions. Okabe Co. has expanded its organic egg processing capabilities by acquiring Marusan Egg Company, a move designed to cater to the growing consumer demand for organic and free-range products.

5. South Korea: South Korea is witnessing an uptick in mergers and acquisitions within the egg processing industry as demand for convenience food rises. Hanaro Foods, a key player in the market, recently merged with EggSation, a top producer of ready-to-eat scrambled eggs and egg-based snacks, to diversify its offerings and reach a broader consumer base.

6. European Union: In Europe, several strategic mergers are fueling the growth of the egg products market, particularly in the UK, Germany, and France. EuroEgg has been actively acquiring regional producers to expand its product line of liquid and dried egg products, catering to the food manufacturing industry's growing demand for high-quality, cost-effective ingredients.

7. United States: The US market remains the largest for egg products, with recent mergers such as Cal-Maine Foods' acquisition of Hillandale Farms enhancing their position in the liquid egg segment. This strategic merger allows Cal-Maine Foods to capitalize on the growing trend of plant-based egg alternatives while continuing to dominate traditional egg products.

𝐅𝐨𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐋𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/125030/

Egg Products Market Segmentation

by Type
Dried
Frozen
Refrigerated Liquid
Specialty Egg Products

by Product
Liquid Egg White
Liquid Egg Yolk
Whole Liquid Eggs
Liquid Egg Blends

by Application
Food Processing Industry
Bakery & Confectionery
Creamy Sauces
Ice Cream & Frozen Desserts
Mayonnaise
Noodles & Pasta
Salad Dressings
Others
Food Service Providers
Retail/Household
Convenience Stores
Discount Stores
Grocery Stores
Modern Trade
Online Retail
Specialty Food/Sports Stores
Wholesalers
Other Sales Channels

𝐅𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/request-sample/125030/

Egg Products Market Key Players

1. Tyson Foods, Inc.
2. Rembrandt Enterprises, Inc.
3. Michael Foods Inc.
4.SKM Egg Products Export
5. Andros
6. Daiya Foods Inc.
7. The Kraft Heinz Company
8. Ningbo Jiangbei Dexi Foods Co. Ltd.
9. Barry Farms
10. Hy-Line International
11. Noble Foods Ltd
12. Pilgrim's Pride Corporation
13. Tree Of Life Inc.
14. Venkys India
15. Others

𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐋𝐢𝐧𝐤 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 @https://www.maximizemarketresearch.com/request-sample/254323/

Key Developments and Innovations in the Market

As mergers and acquisitions drive consolidation in the egg products market, innovation remains a key factor in maintaining growth and meeting evolving consumer demands. Here are some key developments from across the globe:

1. Vietnam and Southeast Asia: The development of automated egg processing plants in Vietnam has significantly improved production efficiency. Additionally, Vietnam is focusing on the expansion of its organic egg sector to cater to the health-conscious consumer base.

2. Thailand's Expansion into the Export Market: Thailand is positioning itself as a major exporter of value-added egg products, particularly to China and Japan. The Thai government is offering incentives to local producers to boost exports of processed eggs and to integrate with international supply chains.

3. Singapore's Focus on Sustainability: In Singapore, sustainability is a growing trend, with producers investing heavily in eco-friendly packaging and energy-efficient processing technologies. The move towards sustainable production practices is expected to attract more health-conscious consumers.

4. Japan's Emphasis on Innovation: Japan is increasingly focused on the development of egg-based vegan alternatives. With a strong consumer preference for plant-based products, companies are innovating with egg substitutes made from plant proteins. This shift is expected to be a key driver for the market in the coming years.

5. South Korea's Demand for Convenience: South Korea's focus on ready-to-eat meals is fueling the demand for processed egg products such as pre-cooked scrambled eggs and boiled eggs. This trend is likely to continue with the growing popularity of meal kits and convenience foods in urban areas.

6. US Market's Shift Towards Plant-Based Alternatives: The US market is seeing a rise in plant-based egg alternatives, driven by the increasing demand for vegan and allergen-free foods. Major players such as JUST Inc. are capitalizing on this trend, with plant-based egg products becoming a staple in supermarkets and foodservice establishments.

𝐓𝐨 𝐆𝐞𝐭 𝐌𝐨𝐫𝐞:https://www.maximizemarketresearch.com/market-report/egg-products-market/125030/

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