The global Egg and Egg Products Market is expected to reach market valuation of USD 12.3 Bn by the year 2022, accelerating with a CAGR of 7.0 .by 2022=2032.
The term “Egg Products” refers to eggs that have been processed at “breaker factories” after being taken out of their shells. The production of eggs involves breaking eggs, filtering, mixing, stabilising, blending, pasteurising, cooling, freezing, drying, and packing. The demand for egg products in the food service sector is rising. This is due to the fact that they are simple to use and provide labour, storage, and portion control cost reductions. The nutritional value and majority of the functional properties of frozen, chilled liquid, and dry egg products are comparable to those of shell eggs.
They are used in scrambled eggs, cooked omelettes, egg dishes, and other foods like mayonnaise and ice cream. Because they are practical, simple to handle, and easy to store, pasteurised egg products are employed in food processors. Egg products are used by institutional food service providers, such as fast food chains, restaurants, hospitals, and nursing homes, to ensure food safety.
The term “eggs and egg product” refers to a variety of culinary items made from eggs. They include processed egg products, liquid eggs, and shell eggs. Shell eggs are described as eggs that are sold whole, in their original state. While processed egg products include many types of egg powders, such as egg white powder, egg yolk powder, and whole egg powder, liquid eggs are eggs that have been processed and packed in a liquid form. The food sector makes extensive use of eggs and egg products because of their high protein content, adaptability, and affordability. These products are used by the food industry in a variety of applications, including bread goods, candies, dairy goods, and other foods. As well as eggs, there are also Because to their special emulsifying and binding capabilities, which enhance the texture, stability, and consistency of food items, they are extensively utilised in the food processing industry.
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The demand for high-protein food items is predicted to rise, dietary patterns are expected to change, and consumer awareness of health issues will all contribute to the continued growth of the global market for eggs and egg products in the years to come. For instance, the Department of Agriculture (USDA) in the United States reported that between 2010 and 2019, the country’s per capita consumption of eggs went from 258.2 to 289.2 eggs per year, and in 2020, it was 279.1 eggs per person per year. The USDA also reported that because liquid eggs and egg products are more convenient, have a longer shelf life, and are simpler to employ in food preparation, there has been a steady rise in demand for them in the US food service industry. The market has a strong a number of established and new businesses are vying for market share in a competitive environment. To address consumer demand for healthier and more sustainable food options, companies in the industry are always innovating to provide new and improved egg products.
Despite its potential for expansion, the eggs and egg products business is confronted with a number of difficulties, such as fluctuating egg prices, shifting laws regarding animal welfare and food safety, and growing competition from other sources of protein. For instance, the wholesale cost of a dozen grade A big eggs in the United States is currently averaging roughly $1.09, up from $0.91 in January 2022, according to the most recent USDA data from February 2023. Because of this price volatility, it may be difficult for manufacturers to plan their revenue and expenses. Also, governments around the world keep enacting new laws and guidelines to safeguard the welfare of animals and guarantee the safety of food. The FDA’s Egg Safety Regulation in the United States mandates that egg producers take steps to prevent Salmonella infection, such as testing, sanitation standards and refrigeration. Meanwhile, the competitiveness of the egg sector is being impacted by the rising demand for plant-based substitutes for conventional animal products. Retail sales of plant-based eggs increased by 18% in the United States in 2021, according to a study by the Good Food Institute.
Yet, the business for eggs and egg products is seeing a chance for innovation and market expansion due to the rising demand for free-from, organic, and plant-based products. Consumers are increasingly looking for alternatives to conventional eggs and egg products that are free of allergies, hormones, antibiotics, and other particular chemicals as they grow more ecologically concerned and health conscious. New goods on the market are being created as a result of this trend, like organic or antibiotic-free eggs and plant-based egg alternatives, giving consumers more options for healthier and more environmentally friendly food selections.
By increasing productivity and lowering costs for producers, the adoption of new technologies and production techniques, such as automation and precision farming, is transforming the market for eggs and egg-related products. Leading companies in the egg and egg products sector are implementing cutting-edge technology and cutting-edge production techniques like robots and precision farming to boost productivity, save costs, and lessen their negative environmental effects. As producers work to fulfil rising customer demand for healthier and more environmentally friendly food products, these expenditures are anticipated to spur additional innovation and market growth in the industry.
Market Segmentation
Global Egg and Egg Products Market: Major Players
Hy-Line International
Cal-Maine Foods
Godrej Agrovet
Michael Food
Tyson Foods
Rose Acre Farms
Keggfarms Pvt. Ltd.
Noble Foods Ltd
Barry Farms
Noble Foods
Global Egg Corporation
Land O’Lakes
Ningbo Jiangbei Dexi Foods
Global Egg and Egg Products Market: Types
Egg Yolk
Egg White
Egg Melange
Frozen and Dry egg products
Whole Egg
Global Egg and Egg Products Market: Applications
Bakery
Dairy
Confectionery
Personal Care
Animal Feed
Medicines & Vaccines
Others
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Global Egg and Egg Products Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Egg and Egg Products market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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