The egg products processing market is experiencing significant growth, driven by increasing demand for processed egg products across various industries such as food and beverage, pharmaceuticals, and cosmetics. This article explores the market's size, share, trends, growth opportunities, key players, and regional dynamics from 2023 to 2028.
Market Size and Share
According to Stratview Research, the global egg products processing market size was estimated at USD 29.28 billion in 2022 and is likely to grow at a CAGR of 3.42% during 2023-2028 to reach USD 35.96 billion in 2028. The growth is fueled by the rising global consumption of processed egg products due to their convenience, extended shelf life, and consistent quality.
Egg Products Processing Market is segmented by Type (Dried Egg Products, Liquid Egg Products, Frozen Egg Products), by Application (Bakery, Confectionery, Dairy Products, Ready-To-Eat Meals (RTE), Soups Sauces, Other), and by Region.
Key Trends
- Rising Demand for Protein-Rich Diets: Consumers are increasingly seeking protein-rich foods, driving demand for egg products as a versatile source of high-quality protein.
- Advancements in Processing Technologies: Innovations in egg processing, such as pasteurization and spray-drying, are ensuring higher product safety and quality.
- Sustainability Focus: Eco-friendly packaging and sustainable sourcing practices are becoming key considerations for industry players.
Growth Opportunities
The growing popularity of functional foods and clean-label products presents significant opportunities for market expansion. Additionally, the increasing adoption of egg products in non-food applications, such as pharmaceuticals and personal care, is expected to further boost market growth.
Key Players
Prominent companies in the egg products processing market include:
- Cal-Maine Foods, Inc.
- Actini Group (The U.S),
- Avril Group (France),
- Bouwhuis Enthoven BV (Netherlands).
These players are focusing on strategic partnerships, product innovation, and geographical expansion to maintain their market position.
Regional Analysis
North America led the market in 2022 with strong growth driven by food and beverage demand, while Asia-Pacific, led by China, is poised for the fastest expansion.
Conclusion
The egg products processing market is poised for robust growth from 2023 to 2028, driven by increasing consumer demand for convenient and nutritious food products. Innovations in processing technologies and a focus on sustainability are likely to shape the market's future dynamics.
