The global egg processing market is expected to reach USD 47.2 billion by 2029, with an estimated value of USD 37.5 billion in 2024, representing a compound annual growth rate (CAGR) of 4.7% from 2024 to 2029. This growth surge is primarily attributed to several key factors, such as consumers are increasing awareness of the nutritional value of eggs, which are rich in protein, vitamins, and essential minerals. This drives the demand for both fresh and processed egg products. The food industry heavily relies on egg products for various applications, such as baking, pasta production, sauces, and dressings. The growth of the food industry, particularly in bakery and confectionery segments, directly translates to increased demand for processed eggs.
Egg Processing Market Drivers: The expansion of the food and beverage industry catalyzes growth in the egg processing market
The expansive functionality of egg products, offering attributes such as whipping, thickening, and emulsification, positions them as invaluable components transcending various food sectors. In the realm of bakery and confectionery, eggs serve multifaceted roles, including binding, providing moisture, and acting as natural leavening, contributing to the structural integrity, texture, and flavors of baked goods. According to the International Pasta Organization Secretariat General c/o Unione Italiana Food (IPO), global past consumption reaching 16 million tons in 2020 signifies a substantial market for eggs as binding ingredients and natural color enhancers. This statistic underscores the widespread adoption of eggs in pasta manufacturing, contributing to the creation of smooth texture and golden appearance in the final product.
The burgeoning food and beverage industry drives the growth of the egg processing market. As restaurants, bakeries, and manufacturers churn out an ever-increasing variety of products, their demand for processed egg ingredients such as liquid eggs, egg whites, and yolks. This surge is driven by several factors including convenience and efficiency in food preparation, consistent quality and functionality in baked goods, and the versatility of eggs in various recipes. Additionally, the rising popularity of convenience food and ready-to-eat meals further fuels the demand for processed eggs, as they offer a pre-measured and easily incorporated ingredient. Furthermore, the growing health consciousness among consumers is driving the demand for egg-based products perceived as natural and protein-rich. Finally, the expansion of the food service industry, with its extensive use of pre-cooked and pre-processed egg products, contributes significantly to the market's growth.
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Dietary Supplements are One of the Fastest Growing Food Processing and Manufacturing End-Use Application Segments During the Forecast Period.
Processed egg products such as powders are increasingly being used in dietary supplements due to their rich nutritional profile and potential health benefits. According to the article provided by EurekAlert in September 2022, Malnutrition affects millions, especially children, in Africa. Egg powder could be a powerful tool to combat malnutrition in children, especially in areas where fresh eggs are scarce. While it lacks some essential fatty acids compared to fresh eggs, it packs a punch of vitamins, amino acids, and trace elements. Plus, it boasts a long shelf life, easy transport, and simple preparation, making it ideal for distribution in deprived areas. A study by the Leibniz Institute for Food Systems Biology confirms its potential, showing that adding egg powder equivalent to one egg daily can significantly reduce underweight and stunting in children. This research highlights the potential of egg powder as a readily available and effective dietary supplement for tackling malnutrition in vulnerable populations.
China is One of the Fastest Growing Markets for Egg Processing In Asia Pacific
According to the Food and Agriculture Organization (FAO), China is the world's largest egg producer, it's estimated that China produces over 34% of the world's eggs, with a total production of around 30 million tons in 2020. Over 95% of their eggs are consumed directly as fresh table eggs. The rapid growth of China's egg processing industry is expected to continue in the coming years. This growth is driven by the factors of rising urbanization, busy lifestyles, increasing disposable incomes, and growing demand for processed egg products.
Top Companies in the Egg Processing Market
The key players in this market include Cal-Maine Foods, Inc. (US), Rose Acre Farms (US), Ovobel Foods Limited (India), SKMEgg.com (India), Rembrandt Foods (US), IGRECA (France), Eurovo Srl (Italy), Hillandale Farms (US), Avril SCA (France), and Interovo Egg Group BV (Netherlands).