Frozen Egg Market to Reach USD 6.24 Billion by 2033, Growing at a 6% CAGR | FMI

The global market for frozen eggs is poised to achieve a valuation of USD 3,710 million by 2023, constituting approximately 6.2% of the total global egg market value. According to the FMI market analysis, the sector is expected to grow at a compound annual growth rate (CAGR) of 6% from 2023 to 2033, projecting a market worth of USD 6,245.8 million by the conclusion of this forecast period.

It is anticipated that over the forecast period, premium frozen eggs could see an increase in demand due to an increase in consumer spending power around the world. To accommodate shifting consumers' demand for healthier and more convenient ways to cook, many frozen egg suppliers are developing eggs with higher quality and additives.

Gain Strategic Insights into Industry Trends of Frozen Egg Market Request Your Sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14338

Key Takeaways from the Frozen Egg Market Study Report

The global market is likely to capture a CAGR of 6% during the forecast period.
The sales of frozen eggs in the United States accounted for nearly 24.5% of the overall revenue share in 2022.
Germany is the leading producer and supplier of frozen eggs in Europe and contributed a global revenue share of 14.3% in 2022. France, Italy, Spain, and the United Kingdom are the other leading consumers of frozen eggs in Europe followed by Germany.
Currently, China holds over 55% of the East Asia market share and is further expected to follow a CAGR of 5.4% over the forecast period.
Among the different product types, the whole eggs segment accounted for about 31% market share, followed by egg whites.
Based on sources, the conventional segment accounted for 63% of the overall sales and dominated the market in 2022.

Competitive Landscape for the Frozen Egg Market Players

Ballas Egg, Cargill, Sonstegard, Ovobel, Rembrandt, Willamette, Nature-Egg, NestFresh, and Bumble are some key players in the global market. Frozen egg product makers are poised to see intense growth by targeting the functional and packaged food and beverage industries.

Leading market players are shifting toward recyclable packaging methods to meet green regulations and attract consumer attention. So, technological innovations in packaging solutions can significantly improve product quality and significantly increase sales.

Recent Developments by the Frozen Egg Industries

Eurovo Group, which is a leading company in Europe for egg products purchased James A. Smith & Sons Ltd., which is a manufacturer and supplier of egg products based in the United Kingdom in Sept 2020. This expansion was intended to boost Eurovo Group's position in the United Kingdom egg products industry and to broaden its product offering.

Egg Innovations brand, which produces cage-free and organic eggs was acquired by Hormel Foods in May 2019. This expansion by Hormel was seen as a part of its strategy to expand its product lines in natural and organic food products.

Rembrandt Enterprises Inc. is one of the leading egg supplier companies for North America which is based in the United States. In March 2022, it announced the acquisition of Hi-Tech Foods, which is a maker of precooked egg products and is situated in Georgia. The transaction sought to extend Rembrandt Foods' product line and enhance its market position in the United States market.

In November 2021, Hilltop Holdings decided to acquire EggLife Foods, which is a producer of frozen egg wraps using cage-free eggs. The purchase was a part of Hilltop's long-term strategy to expand its product line and expansion of supply chains.

Gain Exclusive Access to Growth Strategies in Frozen Egg Market Grab Your Essential Report: https://www.futuremarketinsights.com/reports/frozen-egg-market

Frozen Egg Market by Category

By Product Type:
Whole Eggs
Egg Whites
Egg Yolk

By End Use:
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
Modern Trade
Grocery Stores
Online Retail
Specialty Stores
Wholesalers
Other Sales Channel

By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.