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Egg Products Market

Food Processing and Retail/ Household Industry Accounts for Largest Share in Egg Products Market in 2021: Fact.MR Report

Published : 22 Oct 2021 Industry: Food & Beverage

As per a new study by Fact.MR, a market research and competitive intelligence provider, the global egg products market is projected to surge at a CAGR of 7.4% and reach a market valuation of US$ 23.1 Bn by 2031.

Even though per capita consumption of fresh eggs has decreased since 1950, egg use in other food products has increased. Egg products are customized as ingredients to meet the needs of food processors. The white or yolk's foaming characteristics are vital in baking items; the yolk acts as an emulsifier in mayonnaise and salad oils, and adding eggs to meats or other dishes improves their binding capabilities.

Refrigerated liquid egg products have grown in popularity, particularly in the foodservice industry. Bulk tank trucks, smaller portable tanks or 'totes', paper cartons, hermetically sealed polyethene bags, lacquer-coated tins, and plastic pails are all common ways in which liquid egg products are distributed.

Additionally, fresh whole eggs are more expensive to transport and more difficult to keep than dried or dehydrated eggs. Spray dryers are used to create a high-quality egg product that has the same foaming and emulsification capabilities as fresh eggs. Depending on the commercial purpose, dehydrated eggs are packaged in a variety of containers, ranging from small pouches to big barrels.

Dried egg products come in a variety of shapes and sizes, and they're used in a variety of applications in the culinary sector (cake mixes, salad dressings, pasta). Dried egg white solids, quick egg white solids, stabilized (glucose eliminated) whole egg solids, and various whole egg and yolk blends with sugar or corn syrup are among the available types. When refrigerated, most dried egg products have a one-year shelf life.

Owing to all the factors above, the market for egg products has shown positive growth in the past decade, and the trend is set to continue through 2031.

Key Takeaways from Market Study

  • The U.S. is estimated to account for around 86.3% of the North American market in 2021, supported by consumer awareness regarding high nutritional content of foods and beverages.
  • According to Fact.MR’s analysis, China is estimated to account for around 46.6% of the East Asia market share in 2021, driven by easy availability of raw materials and the country being the number one producer of eggs.
  • The U.K. is a high-potential market in Europe, accounting for around 16.4% value share, supported by high popularity of baked goods.
  • Frozen egg products are set to hold 33.2% share of the market in 2021, on the back of ease of convenience and availability.
  • The food processing industry reflects 46.4% of market share in 2021, owing to high demand from the bakery industry.

“With increasing demand for egg products, manufacturers are focusing on offering products enriched in proteins that are necessary for the human body. Various organizations have clearly labelled the protein percentage present in the product on the label,” said a lead analyst at Fact.MR.

Who is Winning?

Consumers place a premium on quality and service. As a result, firms are investing in egg product research & development. Furthermore, they are concentrating on using cutting-edge technologies that will allow them to maintain high-quality standards.

Some of the leading companies offering egg products are Tyson Foods, Inc., Rembrandt Enterprises, Inc., Michael Foods Inc., SKM Egg Products Export, Andros, Daiya Foods Inc., The Kraft Heinz Company, Ningbo Jiangbei Dexi Foods Co. Ltd., Barry Farms, Hy-Line International, Noble Foods Ltd, Pilgrim's Pride Corporation, Tree Of Life Inc., and Venkys India.

Get More Valuable Insights

Fact.MR, in its new offering, provides an unbiased analysis of the egg products market presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031.

The study divulges compelling insights on the egg products market based on product type- frozen (whole eggs, egg whites, egg yolk) refrigerated liquid(whole eggs, egg whites, egg yolk) and dried (whole eggs, egg whites, egg yolk), by end-use application (tablets, capsules, powder, oral liquids and gummies and soft gels), and by end-use industries - food processing industry (bakery & confectionery, creamy sauces, ice-cream & frozen desserts, mayonnaise, noodles & pasta, salad dressings, and others), food service providers and retails/household (convenience stores, discount stores, grocery stores, modern trade, online retail, speciality food/sports stores, wholesalers, and other sales channels).

About the Food & Beverage Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Fact.MR helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Santosh Kumar

Fact.MR

Sr. Consultant - Food & Beverages

E-mail: santosh@factmr.com

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Egg Products Market Global Research Report by Product Type (Frozen Egg Products, Refrigerated Liquid Egg Products, Dried Egg Products, Specialty Egg Products), by Target Group (Food Processing Industry, Food Service Providers, Retail/Household) and Region (North America, Asia-Pacific and Rest of the World) – Forecast to 2031