Egg Processing Machinery Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global egg processing machinery market is projected to grow at a CAGR of 4.56% during the forecast period (2020-2025).
Key HighlightsThe rise in urban population and busy lifestyles have led to increasing demand for convenience food. Processed eggs eliminate the need to manually break shells, separate various components of eggs, namely yolk and egg white. Moreover, the reduced risk of contaminants and bacteria in processed eggs is another factor that attracts consumers. Furthermore, the increase in innovations and technological advancements in the processing equipment industry is expected to drive this market during the forecast period.
North America to Dominate The Global MarketThe North American region dominated the global market for egg processing machinery in 2019, with the United States having the largest share in the North American market. In the Asia-Pacific region, population growth, rapid urbanization, and awareness about the convenience and nutritional benefits of processed egg products are contributing to the growth of the market for processed eggs and in turn for egg processing equipment. The demand for products made with processed egg is particularly showing significant growth in developing countries such as Mexico, China, and India, which are setting up new factories for egg processing.
Competitive LandscapeSome of the major key players in the egg processing machinery market globally includes Ovobel, Sanovo Technology Group, Moba B.V., ACTINI GROUP, Interovo Egg Group B.V., Pelbo S.P.A, among others.
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