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Processed Egg Market valued at USD 29.20 billion in 2020 | Comprehensive Report By Growth Market Report

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Sheryl Dias
Processed Egg Market valued at USD 29.20 billion in 2020 | Comprehensive Report By Growth Market Report

The global processed egg market size was valued at USD 29.20 billion in 2020 and is anticipated to expand at a significant CAGR during the forecast period 2021–2028. Growth of the market is attributed to increasing population, increasing awareness towards healthy diet, rapid development in food and beverage sectors, and increasing demand for egg products in developing countries.

 

The processed egg products system includes filtering, freezing & drying, mixing, packaging, blending, breaking eggs, pasteurizing, cooling, and stabilizing. Egg products include yolks, whole eggs, whites, and different pasteurized and processed blends.

 

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Processed egg product have different uses such as freeze-dried scrambled eggs, pre-peeled eggs, and pre-peeled hard-boiled eggs. The product also comes with major diversity of frozen products such as quiche, French toast, precooked scrambled eggs, omelets, and precooked fried eggs.

 

The covid-19 pandemic affected the demand and supply of the global processed egg market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

 

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for egg products in food industry is projected to boost the market.
  • Increasing consumers desirability towards processed foods is the major factor fueling the market.
  • Food safety regulations implemented by government are projected to restrict the market expansion during the forecast period.
  • Increasing availability of egg substitutes and vegan food trends is anticipated to hamper the market growth in the coming years.
  • R&D investment and technological advancement in processed egg is projected to offer lucrative opportunities for the market players.

 

Market Segment Insights

 

The convenience food segment is expected to grow at a rapid pace

Based on applications, the global processed egg market is fragmented into nutritional supplements, dairy products, convenience foods, bakery, confectionery, ready-to-eat food, and others. The convenience food segment accounts for a key share of the market. Growth of the market is attributed to increasing consumer awareness, rising urban population, and sprots people consuming egg products. However, the ready-to-eat food segment is anticipated to expand at a rapid pace during the forecast period due to factors such as improved standard of living, busy lifestyle, and increasing demand for convenience food.

 

The liquid egg segment accounts for a key share of the market

On the basis of types, the global processed egg market is segmented into frozen egg, dried egg, liquid egg, and others. The liquid egg segment accounts for a key share of the market. Growth of the market is attributed to increasing disposable income, increasing awareness towards healthy diet, and improved economic stability. However, the dried egg segment is anticipated to expand at a rapid pace due to factors such as technological advancement in egg processing and increasing consumer desirability towards processed foods.

 

The market in North America is estimated to hold significant market share

On the basis of region, the global processed egg market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. The market of Asia Pacific is anticipated to expand at a high CAGR during the forecast period due to rapid development in food and bakery sectors and extended shelf-life of processed egg products. The market of North America is estimated to hold major market share due to increasing consumption of prepared food, reduced risk of contamination, and increasing consumer awareness.

 

Compititive Landscape

Key players competing in the global processed egg market include Dr. Oetker, Eurovo s.r.l., Pulviver, Ballas Egg, Cal-Maine Foods, Inc., Interovo Egg Group BV, Daybreak Foods, Rose Acre Farms, Honeyville, Inc., Avril SCA, ACTINI GROUP, MOBA B.V., Igreca S.A., SANOVO TECHNOLOGY A/S, and Rembrandt Enterprises, Inc.

 

About Growth Market Reports:

GROWTH MARKET REPORTS provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GROWTH MARKET REPORTS has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, secondary research & consumer surveys.

 

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