Global Processed Egg Market foreseen to reach USD 29 billion by 2025
The global Processed Egg Market is estimated to reach a valuation of USD 29 billion by 2025 at a CAGR of 4% during the outlook period.
Processed egg is a technique used to improve the functional properties of eggs, such as storage, shelf life, freshness, and transportation requirements. This is done using various technologies and devices. Some of the common processes used in egg processing are filtration, egg shell removal, stabilization, blending and mixing, freezing or drying, pasteurization, and packaging.
- On October 24, 2018, Cal-Maine Foods, Inc. announced that it had completed the acquisition of all assets of Featherland Egg Farms, Inc.
Market Drivers and Restraints:
The processed egg market has experienced a further growth trajectory in recent years due to ease of storage and use, reduced risk of contamination, assurance of safety and long shelf life of processed egg products. The modern consumer's growing desire for development, processed foods, and consumer perception of egg processing technology are the drivers of the market. The production and export of egg products attracts the attention of many exporters and investors from many countries. The processed egg also excludes manual braking of the shell and separation components as needed. Today, more people prefer convenience foods for its benefits, such as lower risk of contamination and longer shelf life. This can save time for people with busy schedules. The growth of the processed egg products market will accelerate in the future, as emerging countries provide a fertile basis for growth due to high egg production and high per capita consumption. However, eggs are very nutritious and a good protein supplement. The growing demand for protein-rich foods and dietary supplements around the world is expected to overcome these obstacles in the egg processing market. The rise of egg replacements and vegan food trends are also hampering the growth of this market. The biggest challenge for the market for processed egg products is that almost all grocery stores continue to demand and easily source eggs at affordable prices. In addition, food safety regulations imposed by the government are restricting the growth of the market.
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Report is segmented as:
The Processed Egg market is segmented according to the type of product, the application and region. By application, this market is segmented into confectionery, bakery, ready-to-eat products, dairy products, soups and sauces, etc. According to the type of product, they are classified into liquid, dry and frozen egg products.
The global processed egg market was dominated North America. The growth rate of the North American processed egg industry is steady compared to other markets. Europe is the largest and most important market for processed egg products....
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