Global egg processing market: Egg processing is a lengthy process which involves breaking, mixing, sorting, stabilizing, pasteurizing, blending, freezing, cooling, and packaging. Processed egg is widely used in many products such as bakery, sweet meat, dairy products, ready-to-eat products, soups & sauces as they are a rich source of proteins and fats.
Rising demand for ready-to-eat food products, dairy and bakery products in developed and developing countries are key factors driving growth of the global egg processing market. In addition, factors such as increased shelf-life of products, lowering risk of contamination, and high quality products are other major factors expected to drive growth of the global egg processing market over the forecast period.
However, high initial investment cost in manufacturing and processing units is a major factor hampering growth of the global egg processing industry. Additionally, stringent food safety regulations regarding functional foods and egg proteins is another major factor hampering growth of the global egg processing market.
Development of new and innovative technologies in manufacture of egg products which reduces wastage of raw material can create potential opportunities for key players in the global egg processing market.
The global egg processing market is segmented on the basis of product type, application, and region. On the basis of region, the global egg processing market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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In term of revenue, the market in North America dominates the global egg processing market owing to technological advancements, rising demand for ready-to-eat products, and increasing food safety regulations in the regions. The market in Europe is expected to witness considerable growth during the forecast period. Whereas, the market is Asia Pacific is expected to witness highest growth in terms of revenue and is projected to register a CAGR of X.X% during the forecast period. This growth can be attributed to increasing number of health-conscious individuals, and increasing demand for egg products in countries such as China and India in this region.
Some of key players in the global egg processing market include Sanovo Technology Group, Henningsen Foods, 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., Pelbo S.P.A., Bouwhuis-Enthovan, and Fuqing Yangguang Food Co., Ltd.