Artificial Intelligence Is The Fastest Growing Segment Fueling The Growth Of The Egg Processing Market

 

Egg processing involves grading, packing, pasteurizing, drying and mixing of eggs. Processed eggs have longer shelf life and are preferred by food manufacturers for use in bakery, desserts and other food products due to consistency in quality and taste.

The global Egg Processing Market is estimated to be valued at US$ 51.9 Bn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the egg processing market is the rising demand for pasteurized eggs. Pasteurization kills harmful pathogens such as salmonella and increases shelf life of eggs without refrigeration. It is driving many manufacturers to invest in advanced pasteurization equipment. The shelf stability offered by pasteurization is increasing its use in food manufacturing, foodservice industry and also directly by consumers.

Segment Analysis
The global egg processing market is segmented into shell egg products, egg liquid, and dried egg products. The shell egg products segment dominated the market in 2022 accounting for over 40% share of the total market. This is because shell eggs can be used for various applications including household consumption, foodservice industry, and commercial production of products such as bakery, sauces, dressings among others.

Key Takeaways
The global egg processing market is expected to witness high growth, exhibiting CAGR of 5.8% over the forecast period, due to increasing consumption of processed egg products in commercial food products manufacturing.

The market size for egg processing is estimated to reach US$ 51.9 Bn in 2023.

North America dominated the global market in 2022 contributing to over 30% of the overall revenue. The large share of the region can be attributed to high consumption of eggs driven by growing bakery, sauces and food processing industries in the US and Canada. Asia Pacific is expected to exhibit the fastest CAGR during the forecast period owing to rising population, changing dietary habits and increasing demand for nutritious food items in countries like China and India.

Key players operating in the egg processing market are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. These players are focusing on strategic initiatives such as facility expansion, collaborations and merger & acquisitions to strengthen their global distribution networks and market position.

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