According to the report “Egg Processing Market by Type (Dried, Liquid, Frozen), by Application (Bakery, Confectionery, Dairy Products, Ready-to-eat, Soups & Sauces, Others), and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)” published by Market Data Forecast, the Global Egg Processing Market was worth USD 25.5 billion in 2016 and estimated to be growing at a CAGR of 3.75%, to reach USD 30.65 billion by 2021. The Egg Processing market is showing evident potential in the mentioned forecasting period. The market continues to gain momentum with the rise in the demand for processed egg products in the market.
The egg processing process involves, breaking, mixing, filtering, stabilizing, pasteurizing, blending, freezing, cooling and packaging. Egg products are an important part of the food & beverage industry, and thus egg processing is a really crucial process. These products are used as ingredients in bakery products and other products like pasta, noodles, salad dressing etc.
The market has seen rapid growth in the consumption of egg and its products which has in turn helped the market itself to show huge growth in recent years. Other major driving factors include, technological advancements, emerging markets, production of new products. On the counter side, the market faces challenges as well like, stringent food safety regulations, time consuming regulation policies, animal welfare regulatory policies. These factors have been holding the market back from reaching its true potential.
The Global market for Egg Processing is segmented on the basis of type and application. The market segmentation on the basis of type is done under dried, liquid and frozen. Based on application the market is segmented into bakery, confectionery, dairy products, ready-to-eat, soups & sauces. According to geographical analysis, the global market is divided under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Egg Processing market was dominated by North America, with the overall market share of over 34% globally. North America was followed by Europe and Asia-Pacific. Asia Pacific is predicted to grow at a rapid pace in the coming few years.
Some of the major companies dominating the market are:
- Actini Group (Actini Sas)
- Avril SCA
- Cal-Maine Foods, Inc
- Moba B.V
- Eurovo S.R.L
- Igreca S.A
- Interovo Egg Group B.V
- Bouwhuis Enthovan
- Sanovo Technology Group
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