Processed food consumption has increased as a result of expanding urbanization and busy lifestyles that want accessible yet healthful food. Processed eggs are created by taking off the eggshells and separating the liquid substance in order to render the egg yolks and whites suitable for a range of applications. Processing eggs entails a number of steps, including removing the eggshells, filtering, blending, stabilizing, pasteurizing, drying/freezing, and packing. For easier handling and transportation, processed eggs are a superior choice. Apart from baked foods, they find an application in sauces, dressings, spreads, and personal care products such as shampoo and soap. It is frequently used as a binding agent in baked goods due to its high protein content. The demand for healthy, high-protein food options is rising worldwide, and the market for egg processing is well-positioned to supply this demand.
According to SPER market research, ‘Egg Processing Market Size- By Product Type, By Application, By End Users- Global Outlook, Competitive Strategies and Segment Forecast to 2032’ state that the Global Egg Processing Market is estimated to reach USD 61.88 billion by 2033 with a CAGR of 6.04%.
Because of their usability, bioactivity, and nutritional value, processed eggs have a broader range of applications. The industry is primarily driven by quick-to-prepare food, longer-lasting products, an increase in impulsive purchases, and a growing need for immediate food items, notably among young adults, working professionals, and students. Over the projected period, demand for protein-rich foods and nutritional supplements is expected to fuel growth in the global egg processing market. The demand for higher-quality products, combined with the plethora of options accessible to customers, is driving the egg processing industry’s growth.
However, the market may face challenges as people become more concerned about the environment, human health, and animal welfare, such as the widespread vegan movement. As a result, the market expansion for processed eggs is hampered. One of the most difficult challenges is to ensure food safety and quality throughout the manufacturing and distribution processes. If eggs are not handled and processed properly, they can become contaminated with pathogens such as Salmonella, which can lead to foodborne illness. Egg processing facilities must follow tight food safety laws and implement stringent quality control methods, which can be costly and complicated. Transporting liquid-processed eggs is highly difficult, and they become especially unstable when stored for an extended period.
Impact of COVID-19 on Global Egg Processing Market
COVID-19 has boosted sales of convenience foods, particularly processed eggs. Processed goods sales increased during global lockdowns as customers made more impulsive purchases. Processed product sales on online grocery and e-commerce platforms increased as a result of the pandemic, implying that online retail platforms will expand the fastest throughout the forecast period.
Egg Processing Market Key Players
North America has the largest market share. Asia-Pacific is predicted to grow at the highest rate throughout the projection period, after gaining the second-largest market share. Some major industry participants, including Tyson Foods Inc., Cal-Maine Foods, Michael Foods Inc., and Global Eggs Corporation, control the majority of the global market.
Global Egg Processing Market Segmentation:
By Product Type: Based on the Product Type, Global Egg Processing Market is segmented as; Dried Egg Product, Liquid Egg Product, Frozen Egg Products.
By Application: Based on the Application, Global Egg Processing Market is segmented as; Bakery & Confectionary, Dairy Products, Ready-to-Eat, Soups & Sauces, Others.
By Region: This report also provides the data for key regional segments of North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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