Global Processed Eggs Market Size 2024, Forecast To 2033
6 Mar, 2024
The processed eggs market size has displayed consistent growth, escalating from $28.11 billion in 2023 to $29.45 billion in 2024, with a compound annual growth rate (CAGR) of 4.8%. This growth in the historic period is driven by consumer demand and dietary preferences, regulatory environments, supply chain dynamics, and global economic conditions, influenced by cultural and regional factors. Looking ahead, the market is expected to continue its upward trajectory, reaching $34.77 billion in 2028, albeit at a slightly lower CAGR of 4.2%. The forecast period will see increased emphasis on rising health consciousness, innovation in product development, sustainability practices, changing demographics, and government initiatives and policies, with trends such as e-commerce, digitalization, consumer demand for convenience, health, and wellness focus, innovations in processing techniques, and sustainable and ethical sourcing influencing the market.
Global Processed Eggs Market Key Driver
The anticipated surge in the demand for processed eggs is set to drive the growth of the processed eggs market in the foreseeable future. Eggs, being hard-shelled reproductive bodies produced by birds or domestic chickens, serve not only as food but also as a primary ingredient in baked goods. Processed eggs, referring to products derived from eggs or egg mixes, undergo pasteurization to eliminate pathogens like salmonella, ensuring a safer alternative to fresh eggs and offering an excellent source of protein. In April 2022, the UK's Department for Environment Food & Rural Affairs reported that UK egg processors purchased 1,113 thousand cases (equivalent to 24.4 thousand tonnes) of eggs in Q3 2021, marking a 22% increase from the same period in 2020 and a return to pre-2020 levels. Liquid eggs accounted for 72% of total output, with a 19% increase compared to Q3 2020. Furthermore, Statistics Canada revealed that egg production in 2020 reached 839 million dozens, up from 822 million dozens. Thus, the growing demand for processed eggs is a key driver behind the expansion of the processed eggs market, with market sizes for 2023, 2024, and 2028 being pivotal metrics.
Get A Free Sample Of The Global Processed Eggs Market ReportGlobal Processed Eggs Market Segments
The processed eggs market covered in this report is segmented –
1) By Product Type: Dried Egg Products, Liquid Egg Products, Frozen Egg Products
2) By Application: Bakery And Confectionery, Food Processing, Diary Production, Ready To Eat, Soups And Sauces, Other Applications
3) By End-User: Raw Material Suppliers, Manufacturers And Suppliers, Traders, Distributors And Retailers, Food And Beverage Manufacturers, Other End-Users
By Geography:The regions covered in the processed eggs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
North America was the largest region in the processed eggs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global processed eggs market report forecast period. The regions covered in the processed eggs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Processed Eggs Industry Players
Interovo Egg Group B.V., Rose Acre Farms, Ballas Egg Products Corporation, Moba Group, Rembrandt Enterprises, Daybreak Foods Inc., SKM Egg Products, Tyson Foods Inc., Pulviver SPRL, EggSolutions, Shepherd Eggs, OVOBEST egg GmbH u. Co. KG, Griffiths Family Foods, Avril Group, Cal-Maine Foods Inc., EPS S.P.A., Wabash Valley, Michael Foods Inc., Midwest Poultry Services L.P., Weaver Brothers, Hickman's Egg Ranch, Sparboe Farms, Hidden Villa Ranch, Hillandale Farms, Versova Holdings LLP, Center Fresh Group, MPS Egg Farms, Prairie Star Farms, Gemperle Family Farms, Herbruck's Poultry Ranch
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Processed Eggs Market Overview
Processed eggs are shell eggs that have been broken and pasteurized using specific machinery. They are further processed and packaged as liquids, frozen, or dried products. The commercial food sector and the restaurant industry extensively use processed eggs.
Processed Eggs Global Market Report 2023 provides data on the global processed eggs market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The processed eggs market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.