Egg processing Market, by Product Type (Dried Egg Products, Liquid Egg Products and Frozen Egg Products), Application (Bakery & Confectionery, Dairy Products, Ready-to-Eat, Soups & Sauces and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

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2. EGG PROCESSING MARKET
ANALYSIS
Egg processing Market, by Product Type (Dried Egg Products, Liquid Egg
Products and Frozen Egg Products), Application (Bakery & Confectionery,
Dairy Products, Ready-to-Eat, Soups & Sauces and Others), and by Region
(North America, Latin America, Asia Pacific, Europe, Middle East and
Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

3. • The increasing awareness regarding health benefits of eggs such
as presence of protein and vitamins among others is expected to
drive growth of the egg processing market across the globe. The
increasing demand for eggs from the food industry is another
factor contributing to the market growth. According to the U.S.
Department of Agriculture, in 2012, the per capita consumption
of egg was 254 per person per year which increased and reached
279 eggs per person per year in 2017.
• The global egg processing market is projected to
surpass US$ 40.2 billion by the end of 2027, in terms of
revenue, growing at CAGR of 4.3% during the forecast
period (2020 to 2027).

4. • Drivers:
• The increasing demand for eggs is expected to boost the growth of the global egg
processing market. As per the UN Food and Agriculture Organization, in 2014, the
egg consumption in the U.K was 10.66 kg per capita which increased and reached
11.23 kg per capita in 2017. Moreover, as per the same source, China recorded egg
consumption of 18.63 kg per capita in 2014 which increased and reached 22.72 kg
per capita by 2017.
• Regionally, Asia Pacific dominated the global egg processing market in 2019,
reporting 56% market share in terms of revenue.

5. Figure 1. Global Egg Processing Market, Revenue
Share (%), By Region, 2019
Market Restraints:
The increasing health awareness and adherence to vegan diet is expected to hamper the growth of
the global egg processing market during the forecast period.

7. • Market Opportunities:
• Key players are focusing on launching new products to create
growth opportunities at a global level. For instance, in September
2018, SKM Egg Products introduced egg white cubes in India.
These cubes are made from egg white cube which can be used in
various food items or as a ready-to-eat meal. Moreover, these egg
white cubes are zero-fat and zero-cholesterol products which is
expected to attract a larger consumer base during the forecast
period and help the company in increasing its market position.

8. Figure 2. GCC Ecotourism Market – Opportunity Analysis

9. • Market Trends:
• The increasing demand for processed food across the globe is
another trend which can favor the growth of the egg processing
market. Demand for processed food is growing in urban areas
owing to the rising disposable income and working middle class
population. As per the Organization for Economic Cooperation
and Development, disposable income in China increased to US$
5,278.3 in 2017 from US$ 3562.2 in 2012. Moreover, consumer
spending in India increased to US$ 270.48 billion in 2018 from
US$ 63.67 billion in 2004. Similarly, consumer spending in the
U.S. increased from US$ 11,971.9 billion in 2015 to US$
12,847.82 billion in 2018.

10. Figure 3. Global Egg Processing Market, Revenue Share (%), By
Application, 2019

11. • Based on application, the egg processing market is segmented into bakery & confectionery, dairy
products, ready-to-eat, soups & sauces, and others. In 2019, bakery and confectionery segment
accounted for 29% of the revenue share.
• Global Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic:
• Coronavirus (Covid-19) has majorly impacted the food & beverages industry and in turn has changed
the dynamics of entire ecosystem including raw material suppliers, supplying food ingredients.
Lockdown in various nations such as India, China and Spain, among others and cease in the
subsequent trade activities has paralyzed the supply chain. Increasing spread of Covid-19 has
mandated the manufacturers to deploy precautionary measures in their facilities including labors and
plant controllers screening and monitoring, and sanitizing the facilities. Competitive Section:
• Key players are operating in the global Egg Processing market are Avril, Cal-Maine Foods, Inc.,
Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V. and ACTINI GROUP.

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Reference: https://www.coherentmarketinsights.com/market-
insight/egg-processing-market-3981

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