Processed Egg Market - Global Growth, Trends, and Forecast-2023
Added: (Fri Dec 14 2018)
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Processing of eggs is done by removing egg shells and processing the collected liquid product to make it suitable for consumption in various food products. The steps required in egg processing are the removal of egg shells, filtration, mixing, and blending, stabilizing, pasteurizing, freezing or drying and packaging. Different equipment is used at certain stages of egg processing. Eggs are simply found in almost every grocery and meat store, at a low price, and because ease of availability, it is a superior restraint in the market.
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Processed eggs are used widely as an ingredient for various food products such as baked foods, dairy and dairy products, and confectionery. Due to their functional properties such as refined freshness, longer shelf-life, and simple storage and transportation requirement, they are considered superior to their unprocessed counterparts. A growth in the consumption of processed egg products in the bakery and functional foods is pushing the egg processing and equipment market. Moreover, growing consciousness regarding health and a healthy lifestyle is more boosting the market growth. Besides, the ongoing technical advancement in egg processing equipment technology can be accredited to the overall growth of the market. Moreover, the food safety regulations executed by governments are restraining the growth of the market.
Processed Egg Market Report (2018-2023)
Processed Egg Market Size is anticipated to grow at a 3.60% CAGR from 2018 to 2023 and it is estimated that the global market was valued at USD 27.21 billion in 2018 and is relied upon to achieve USD 32.47 billion by 2023.
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Processed Egg Market Segmentation
The global market for Processed Egg is classified into Product Type and Application. On the basis of Product Type, it is divided into Dried, Liquid, and Frozen. On the basis of Application, it is categorized into Confectionery, Dairy Products, Bakery, Ready-to-Eat, Soups and Sauces, and Others. The growth of the egg processing market is also driven by the increasing demand for processed egg products in developing countries. Export and production of egg products is an attractive investment for a number of exporters in various countries. The manufacturers are keen on developing technologies that would process egg products including minimal wastage.
Based on the geographical segment, the market is analyzed under several regions namely North America, Europe, Asia-Pacific and the Middle East and Africa. North America was the highest market for egg processing and equipment followed by the Asia Pacific and Europe. The Asia Pacific is the fastest growing market for egg processing and equipment mainly because of an increase in the usage of egg in-process food and baked product.
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Some of the major companies operating in the current Market are
Cal-Maine Foods Inc.,
Sanovo Technology Group,
Rose Acre Farms,
Cal-Maine Foods, Inc,
Oetker and Actini Group.
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