Processed Egg Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Processed Egg Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The global processed egg market is projected to grow at a CAGR of 4.3% during the forecast period (2020 - 2025).

Key Highlights

• Convenience and ease of use and storage of processed eggs drive the egg processing market. Due to increasing urban population and busy lifestyles, there is an increasing demand for this convenience food. Processed eggs eliminate the need to manually break shells and separate various components of the egg. Moreover, due to technological advancements, processed eggs are more efficiently treated and pasteurized, hence assuring safety, reduced risk of contamination, and extended shelf life.
• Processed Eggs are also majorly used as a source of high quality protein in sports and bodybuilding. Moreover, opportunity for processed eggs arises in the form of application in new and novel food products, such as processed eggs, and healthcare products. It also sees opportunity as a convenient form of ingredient in the food & beverage industry for rapid production of foodstuff, requiring egg, and egg substances, as it cuts down manual labor drastically.

IMPACT OF COVID-19 ON THE MARKET

Key Highlights

• The impact of COVID-19 outbreak on the retail sales of convenice food products market including processed egg has been marginally positive especially at the times when lockdown was imposed in most of the parts of the world which led to panic buying among the consumers. The outbreak also promoted the sales of procesed eggs products via e-commerce and online grocery platforms, which also depicts that online retail platforms are likely to achieve highest growth rate during the forecast period.

Key Market TrendsIncreasing Demand For The Convenience Food

Convenience and ease of use and storage of processed eggs drive the egg processing market. Due to the increasing urban population and busy lifestyles, there is an increasing demand for convenience food. Processed eggs eliminate the need to manually break shells and separate various components of the egg. Moreover, due to technological advancements, processed eggs are more efficiently treated and pasteurized, hence assuring the safety, reduced risk of contamination, and extended shelf life. Processed Eggs are also majorly used as a source of high-quality protein in sports and bodybuilding. Furthermore, the opportunity for processed eggs arises in the form of application in new and novel food products, such as processed eggs, and healthcare products. It also sees opportunity as a convenient form of an ingredient in the food & beverage industry for rapid production of foodstuff, requiring egg, and egg substances, as it cuts down manual labor drastically.

North America Emerges Holds a Significant Share in The Market

North America dominated the market for processed egg. The growth rates of the processed egg industry in North America is steady in compared to other markets. In the developed world, Europe is the other major market for processed egg products. The total growth rate is higher in the developing world, such as in Asia-Pacific. It is because of high population growth, rapid urbanization and the awareness about the nutritional benefits of processed egg products are contributing to the growth of this market. The demand for products made with processed egg is growing rapidly in developing countries, such as China and India.

Competitive Landscape

The processed egg market is highly fragmented with the presence of many regional players. Key players would require high R&D investments in producing innovative products in order to cater to the changing consumer preferences on convenience food. Some of the major players in the market are Cal-Maine Foods Inc, Moba B.V., Rose Acre Farms, Ballas, Rembrandt Enterprises, Daybreak Foods, Pulviver, Honeyville, Dr. Oetker, and Interovo Egg Group B.V., among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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