Egg Products Processing Market Growth & Forecast

Market Insights

The global egg products processing market is projected to grow from USD 30.39 billion in 2023 to reach USD 35.96 billion by 2028 at a CAGR of 3.42% during the forecast period.

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What is egg product processing?

Market Dynamics

Increasing consumption of bakery, dairy products, and ready-to-eat meals is likely to propel the market growth at a significant rate during the review period.

• Primarily driven by significant progress in the food & beverage industry across geographies.
• Some of the commonly used equipment for egg product processing include egg breakers, egg fillers, egg pasteurizers, and egg handling & storage machines.
• The growing demand for high-quality egg products is expected to create lucrative opportunities for the players operating in the global egg products processing market in the coming years.

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Key Players

Some of the major players in the market are-

• SANOVO TECHNOLOGY A/S (Denmark),
• Moba BV (Netherlands),
• lnterovo Egg Group BV (Netherlands),
• Avril Group (France),
• Cal-Maine Foods, Inc. (The U.S).
• EUROVO Srl (Italy),
• Actini Group (The U.S),
• Pelbo Srl (Italy),
• lgreca SA (France), and
• Bouwhuis Enthoven BV (Netherlands).

Segment Analysis

Application Trends

The market has been bifurcated into the bakery, confectionery, dairy products, ready-to-eat meals (rte), soups & sauces, and others. Under these, the bakery segment accounted for the largest market share in 2021 and is projected to register significant progress during the review period. The segment's progress can be attributed to the increasing consumption of bakery products across the globe.  

Regional Trends

The market in North America accounted for the largest market share in 2021 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the high demand for egg products in the food & beverage industry.

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The market in Asia-Pacific is expected to register the fastest progress on account of the rapidly expanding food & beverage industry. China held the largest share of the Asia-Pacific market in 2021.

Target Audience

Here is the list of the group of customers that the egg products processing market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

COVID-19 Impact

The covid-19 outbreak posed significant challenges for the food & beverage industry across geographies. It impacted the progress of the market negatively as the imposition of the lockdown resulted in trade restrictions. However, the reopening of economies and ease in lockdown measures bolstered the market progress.

Critical Questions Answered in the Report

• What are the key trends in the market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

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