egg processing market trends
Food And Beverages

5 Key Takeaways From The Egg Processing Market Report 2024

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Egg Processing Global Market Report 2024, the egg processing market is expected to show significant growth in the forecast period.

The egg processing industry has witnessed remarkable growth in recent years, with steady expansion projected for the future. Understanding the driving forces and key trends shaping this market provides valuable insights into its dynamics and potential opportunities.

Steady Growth Trajectory:

  • The egg processing market size has exhibited steady growth, reaching $28.33 billion in 2023 and projected to climb to $29.26 billion in 2024.
  • Compound annual growth rate (CAGR) stands at 3.3%, reflecting sustained expansion driven by various factors.

Factors Fuelling Growth:

  • Increase in egg consumption
  • Industrialization of poultry farming
  • Consumer demand for protein
  • Emphasis on food safety measures
  • Expansion of ready-to-eat market
  • Economic growth and urbanization

View More On The Egg Processing Market Report 2024 –

Future Projections:

  • Expected to reach $33.93 billion by 2028, with a CAGR of 3.8%
  • Driven by sustainable production practices, customized solutions, and government nutrition initiatives
  • Major trends include technological integration, packaging advancements, and collaborative industry efforts

The Surge in Ready-To-Eat and Convenience Foods:

  • Rising demand for ready-to-eat and convenience foods fuels market growth
  • Egg processing facilitates production of specialty egg products for direct consumer consumption or restaurant use
  • Shift in consumer preferences towards convenient, shelf-stable options
  • Notable increase in snack and refrigerated lunch product sales in recent years

Key Players and Market Dynamics:

  • Leading companies include Cargill Inc., Archer Daniels Midland Company, and Arla Foods Ingredients Group P/S, among others
  • Technological advancements drive innovation and competitiveness in the market
  • Example: Sanovo’s HatchPerformance Line enhances egg handling and quality, improving hatchability rates

Symrise’s Strategic Acquisition:

  • In September 2021, Symrise acquired Michael Foods’ egg processing plant
  • IsoNova, a part of Symrise, aims to meet growing customer demand and expand capacity for future growth
  • Michael Foods specializes in value-added eggs and food service offerings

Market Segmentation:

  • Product Form: Whole Egg, Egg Yolk, Egg White
  • Product Type: Dried, Liquid, Frozen Egg Products
  • Application: Bakery, Dairy, Ready-to-Eat, Soups, Sauces, and Others

Regional Landscape:

  • North America dominated the egg processing market in 2023, highlighting its significance in the industry’s global footprint

Request A Sample Of The Global Egg Processing Market Report 2024:

The Egg Processing Global Market Report 2024  provides an in-depth analysis on the egg processing market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the egg processing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Egg Replacers Global Market Report 2024
Egg Global Market Report 2024
Protein Supplements Global Market Report 2024

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