Processed Egg Market: Overview
The market size for the processed egg was USD xx million in 2021, and it is projected to grow at a CAGR of 4.1 percent during the forecast period. Processed eggs are primarily driven by convenience, ease of use, and storage. Processed eggs are becoming easier to use and store due to convenience and ease of use. Increasing technological advancements in egg processing machinery, decreasing the risk of contamination, and long shelf life for processed egg products are among the major factors driving the egg processing market. Among the major factors driving the egg processing market is the demand for processed eggs for sports and bodybuilding and the increase in consumers' health awareness and consciousness.
In recent years, convenience food has become increasingly popular as urban populations grow and people's lifestyles become busier. Processed eggs eliminate the need to break shells and physically separate various components of eggs. In addition, processed eggs are treated and pasteurized more efficiently due to technical improvements, ensuring safety, reducing contamination risks, and extending shelf life. The use of processed eggs as a source of high-quality protein is common in sports and bodybuilding. In addition, processed eggs can be used in new and innovative culinary products. Due to its significant reduction in manual labor, it has potential as an ingredient in the food and beverage industry for the increasing production of foodstuffs requiring eggs and egg components. For instance, in October 2018, In Russia, DolgovGroup started a new factory to process pasteurized egg whites and yolks as well as dried eggs. In order to prepare egg products suitable for use in several food products, egg shells are removed, and the liquid product is dispensed. Several steps involve egg processing, including removing and breaking egg shells, filtering, mixing, blending, stabilizing, pasteurizing, freezing, drying, and packaging. Egg variants often contain additional ingredients (such as preservatives and colors), so special formulations are possible. Ingredients such as these are used in a wide variety of food products, including baked goods, dairy products, confectionaries, chocolates, and ready-to-eat products.
In June 2018, MOBA B.V. introduced its automated egg processing unit using big data. The company processes eggs in accordance with the customer's requirements, now holding a strong position in the global market for processed eggs. New companies are entering the global processed eggs market, seeing the growth potential, and creating a competitive environment. The global processed egg market attracts players due to its high revenue generation from the food and beverage industry, combined with cost-effective processing techniques. For instance, in October 2021, a new egg product manufacturer was strategically invested in by Cal-Maine Foods Inc. It will initially focus on hard-cooked and extended-life egg product lines. Neosho, Missouri, is the location of the new entity.
Processed Egg Market: COVID-19 Impact
Despite imposed lockdowns in most parts of the world and panic buying among consumers, the COVID-19 outbreak had a marginally positive effect on processed egg sales. As a result of the outbreak, processed egg products have also been sold via e-commerce and online grocery platforms, indicating that buying processed egg products through online retail platforms is expected to grow the fastest during the forecast period. Particularly during the lockdown period when consumers panic buying due to the lockdown. As a result of the outbreak, processed egg products were sold via e-commerce and online grocery platforms, which indicates online retail platforms may grow at the fastest rate during the forecast period.
Processed Egg Market: Drivers
Increasing Demand for Convenience Food to Drive Market Growth
Increasing urban populations and busy lifestyles have increased the demand for convenience food. Because consumers do not have the time or skills to make food at home, they are willing to spend money on convenience foods. Convenience food is convenient, easy to use, and easy to store. This has increased the demand for convenience food retailers. The shells are not broken in processed eggs, and the egg components are not separated manually. The development of longer shelf-life products and an increase in consumer demand are also important factors that are boosting the industry. As a result of technological advancements, processed eggs are more efficiently treated and pasteurized, ensuring safety, reducing contamination risk, and extending shelf life. Consumers' purchasing behaviors for dietary items have changed since convenience foods have become more available. Additionally, processed eggs are a key source of high-quality protein in sports and bodybuilding. The potential for processed eggs to be used in new and novel food products, such as processed eggs and healthcare products, is also significant.
Demand for Highly Nutritious Food in Sports Industries is Driving Market Growth
Athletes need to eat high-protein diets since they need high energy levels for stamina and endurance. Egg whites are a prominent protein source, so sportspeople like to include them in their diets. Due to increasing demand from this segment, the global processed egg market is developing extracts with a high concentration of egg proteins to meet this segment's needs. The main use of processed eggs in sports and bodybuilding is as a source of protein. Additionally, using processed eggs in new and novel food products, including processed eggs and health care products, opens up an opportunity for growth. Additionally, the food and beverage industry see the use of eggs as a convenient ingredient for rapidly producing foodstuffs that require egg or egg substances because it significantly reduces labor costs.
Processed Egg Market: Restraints
Growing Vegetarian and Vegan Diet to Hamper Market Growth
There is a growing trend among consumers to adopt a healthy lifestyle. Consumers must adopt healthy eating habits as obesity, diabetes, and cardiovascular diseases spread due to unhealthy lifestyles. The best way to achieve healthy eating is to adopt a plant-based diet, which emphasizes whole, plant-based foods and discourages meat, dairy products, eggs, and all refined and processed foods. Veganism has become mainstream due to growing concerns about animal welfare, human health, and the environment. The largest concentrations of vegans are in Israel, Sweden, Japan, Poland, the US, Germany, and the UK. These are associated with various health benefits, including heart health, improved diabetes, and lower obesity rates. Since the proliferation of social media and vegan celebrities in recent years, the vegan movement has played an important role in influencing people. As a result, the market for processed eggs is hampered by the growing number of vegetarians and vegans.
Processed Egg Market: Segment Overview
Dried Eggs to Dominate Market due to their Longer Shelf Life
An egg powder is an amorphous, spray-dried, and free-flowing substance with high protein content. Egg powder is highly water soluble, off-white in color, and low in fat. Low energy costs, low operations costs, and low labor costs make it attractive to consumers. Aside from their ease of transportation, long shelf life, and ease of storage, dried eggs have a higher demand than the liquid eggs. Due to the numerous advantages provided by egg powder, the market for the same has the largest market share and is expected to remain the same for the next five years.
With Increased Demand for Processed Bakery Products, Bakery Category Dominated Market
In the forecast period, the bakery segment held the largest market share, and it is anticipated that it will continue to rule the market during the forecast period. In bakery products, processed eggs are widely used. This segment is growing because consumers are increasingly interested in protein-rich products. Health awareness and consumer interest in healthy foods have risen due to the rising demand for functional bakery products, leading key players to launch health-promoting products. This is boosting the demand for processed eggs in bakery products.
Processed Egg Market: Regional Landscape
North America to Dominate the Market due to Availability of an Extensive Range of Food
Over the forecast period, it is anticipated that the North American market will account for the largest revenue share. Due to product innovation in the North American egg-processed foods industry, a wide range of egg-processed food products are available. Egg-processed products are becoming more popular among North American consumers because of their low cost and nutritional value. Additionally, North American customers do not have the time to prepare complicated meals due to their busy lifestyles. North American countries also benefit from this issue by consuming more egg-processed foods. Cal-Maine Foods, Inc. announced that it had completed the acquisition of all the assets from Featherland Egg Farms, Inc. in the global processed egg market. Due to increasing awareness of eggs' health benefits, such as improved immunity, high nutritional value, and an excellent pure protein source, the region has seen rapid growth in the processed egg market. As an illustration, a new egg products manufacturer has been invested in by Cal-Maine Foods Inc. Hard-cooked and extended-shelf-life egg products will be the initial focus of the new entity, which was founded in Neosho, Missouri.
The Asia Pacific market is anticipated to experience the fastest growth throughout the forecast period due to the region's rapid urbanization, changing lifestyles, and increasing demand for processed eggs in countries like India and China. Asia-Pacific is expected to grow the fastest in the forecast period. A significant portion of the market growth in the region is predicted to come from the production of body-building products for muscle gain that use processed eggs.
Global Processed Egg Market: Competitive Landscape
In October 2018, as a result of the acquisition, Cal-Maine Foods, Inc. was able to increase its egg production and processing capacity by 600,000 laying hens, feed mills, distribution facilities, and egg processing facilities. Additionally, the acquisition allowed the company to increase sales in Texas and other parts of the U.S. Moreover, In June 2018, MOBA B.V. introduced its automated egg processing unit using big data. The company processes eggs in accordance with the customer's requirements, now holding a strong position in the global market for processed eggs.
Few of the players in the processed egg market include "Cal-Maine Foods Inc., Rose Acre Farms, Ballas Egg, Rembrandt Enterprises Inc., Daybreak Foods, Pulviver, Honeyville Inc., Dr. Oetker, Interovo Egg Group BV, and Gruppo Eurovo.
Global Processed Egg Market is Segmented as Below:
By Product Type
Key Elements Included In The Study: Global Processed Egg Market
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