Egg Products Market
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 – Forecast to 2031
Egg Products Market Outlook
Demand for egg products is expected to reach a valuation of US$ 11.3 Bn in 2021, according to the latest Fact.MR study. Value of the egg products market is expected to surge to US$ 23.1 Bn by 2031, exhibiting growth at a healthy CAGR of 7.4% over the next ten years.
|Market Size 2020||US$ 10.7 Bn|
|Projected Year Value (2031F)||US$ 23.1 Bn|
|Share of Top 5 Manufacturers||24.3%|
Historical Outlook Vs Future Market Projections for Egg Products
According to Fact.MR, a market research and competitive intelligence firm, the global market value for egg products increased at a CAGR of roughly 5.9% over the last half-decade, owing to strong demand for end-user applications across countries in South Asia and East Asia.
Meanwhile, throughout the projection period of 2021 to 2031, demand for egg products in the food processing industry is expected to expand at a CAGR of roughly 5.6%.
Application of egg products in the bakery industry has been driving demand for more than a decade, accounting for roughly US$ 1.9 Bn of total egg product value in 2021. In addition, retail/household application is expected to account for 32.1% of the market in 2021. Furthermore, the market is benefiting from the selling of egg products for culinary delicacies.
Additionally, Fact.MR has projected the overall industry to expand at a CAGR of 7.4% to stand at around US$ 23.1 Bn by the end of 2031. These estimations have been put in place seeing mounting investments in baked industry demand for egg products along with rising health & wellness and protein-rich trends.
The COVID-19 pandemic had a favourable impact on baked goods, which eventually helped the egg products business, resulting in a rise in Y-O-Y growth as demand from the food processing industry secured an increased supply of products, thereby driving market growth.
How is the Bakery Industry Catering to High Growth of the Egg Products Market?
The bakery industry is quickly growing all around the world. This rise is being driven by changing consumer desire for product variety in terms of taste, flavour, and freshness. Changing customer tastes contribute to the growth of the processed eggs market, since the food industry has the highest level of product innovation.
Additionally, the increased health and fitness trend in recent years is expected to drive demand for processed egg. Over the projected future, increased development of bakery products containing eggs is expected to aid market expansion.
Owing to these factors, bakery & confectionery, as an end-use application, is projected to hold around 36.5% of the food processing industry revenue share. Demand for confectionery & desserts products is quite similar to bakery & confectionary demand, as both the markets go hand in hand.
Will the Advent of New Technologies & Tools Aid Market Expansion?
The global egg product industry was growing moderately until a few years ago. However, introduction of modern technology and instruments has ensured high safety and quality of eggs, giving the market a major boost. Furthermore, enhanced egg safety procedures have pushed businesses to invest in chicken farming and enter sectors related to egg-based products.
A vast range of egg products are now accessible on the market, thanks to increased popularity of egg-based products. As a result, broad-scale availability of diverse egg products can be credited to the egg and egg product market's rise. Solid, concentrated, crystalline, frozen, liquid, and deep-frozen versions of these goods are available. Furthermore, the market is developing due to the fast-growing global population, expanding middle-class population in emerging countries, and rising disposable income.
However, market growth is threatened by the growing vegan population around the world. Furthermore, increased incidence of bird flu, also known as avian influenza, is limiting market growth possibilities. Despite all this, these variables are projected to have a minor impact on overall market growth.
Avail customized purchase options for your needs
How is the Health & Wellness Trend Impacting Demand for Egg Products?
Some of the main reasons projected to fuel worldwide egg products market share include shift in inclination towards adopting a healthy lifestyle and increase in the use of egg and egg products in personal care products due to their anti-ageing qualities.
Furthermore, increasing demand for bakery and confectionery items as well as the range of egg products available in the market are expected to enhance the target market's growth. Furthermore, egg and egg products are widely employed in a variety of applications, including culinary preparations and production of vaccinations. These are some of the key aspects that are expected to have a substantial impact on worldwide market growth.
More research & development operations to develop goods with longer shelf lives as well as increased nutraceutical applications of egg products are likely to provide new revenue potential for market players over the coming years.
Furthermore, introduction of rules to ensure egg safety is driving big firms to invest in chicken farming and egg-based product plans and schemes.
Why is India Considered an Emerging Market for Egg Products?
India is one of the emerging markets that will see greater penetration of egg products in end-use applications such as food processing, food service, pharmaceutical, and retail/household.
A large population of India does not include enough protein in their diet, hence, manufacturers are introducing egg products rich in protein and other essential components as demand for egg products increases in the country.
The market in India is estimated to surge at a CAGR of 10.3% through 2031.
What Makes the U.S. a Dominant Market for Egg Products?
With high preference for healthy and high nutritional value products in the country, particularly those engaged in physical activities, workouts, and other activities, the market in the U.S. is expected to dominate in terms of value.
Egg product output in the U.S. is driving demand for functional food items, and rising egg and egg product import and export activities are expected to boost market growth.
Owing to the factors mentioned above, the U.S. market is estimated to hold 86.3% market share in North America in 2021, and rise at a CAGR of 4.9% over the decade.
Will the Prominent Bakery Industry in the U.K. Drive Market Expansion?
The flourishing business of bakeries in the U.K. is driving market growth in the country, as large bakeries that specialise in bread manufacturing have been forced to expand their product lines in the U.K., which is eventually helping drive demand for eggs products. Smaller speciality bakeries, on the other hand, have flourished and have proven to be popular with customers.
Businesses in the bakery sector have also had to deal with swings in input costs, which is why bakery product manufacturers are preferring eggs in their products to cut costs and enhance convenience. The market in the U.K. is projected to expand at a CAGR of 6% through 2031 after holding 16.4% market share in 2021 in Europe.
How are New Business Trends in China Impacting Demand for Egg Products?
Over the years, the Chinese market has shown new business model trends, which can be attributed to changing consumer preferences in the country. Personal care products for consumers and higher-end users, for example, are in high demand in the country.
Egg products are used in ice cream and frozen desserts as demand for these products are on the rise in emerging nations. China is the largest producer of eggs and one of the largest manufacturer of egg products. Attributed to these factors, the market in China is projected to surge at a CAGR of around 10.4% over the forecasted period.
Furthermore, China is one of the world's major producers of egg products, with established production centres for leading manufacturers of egg products. This has allowed Chinese end users to obtain raw materials at lower prices, resulting in increased consumption of egg products.
An Adaptive Approach to Modern-day Research Needs
Which Type of Egg Products is High On-Demand Globally?
Refrigerated liquid eggs are a cost-effective food source that are high in protein and other critical components, and they are predicted to play a big role in growing egg consumption rates around the world.
The refrigerated liquid eggs market is projected to expand at a CAGR of around 5.9%, topping a valuation of US$ 7 Bn by 2031.
Demand for refrigerated liquid eggs products is high as they simplify the preparation of egg-based dishes while also ensure consistency in measurement and safety & quality. Shelling eggs is not required in restaurants or bakeries. Because there is no waste due to breakage, production expenses are reduced.
Vendors of refrigerated liquid egg products frequently supply premeasured containers to make adding liquid eggs into dishes even easier. Cage-free refrigerated liquid egg products are nutritionally identical to traditional liquid egg products. However, rising consumer awareness regarding animal welfare and its implications on food safety is driving demand for free-range liquid eggs.
Moreover, demand for dried eggs and demand for frozen eggs is projected to rise at CAGRs of 8.2% and 7.3%, respectively. Manufacturers of ice cream & frozen desserts demand dried and frozen eggs, owing to the trend of convenience and instant food.
Will Demand for Egg Products Remain High in the Food Processing Industry?
Manufacturers are likely to employ new equipment to meet demand for healthy functional meals and beverages, as demand for healthy food and functional food grows as well as diverse application of eggs is being witnessed in the eggs market. Various opportunities exist for companies in food processing, retail, and foodservice value chains to gain access to or improve their penetration of equipment goods, either organically or through acquisitions.
The food processing industry is projected to expand at a CAGR of 5.6%, holding 46.4% of market share in 2021. Expected growth is further projected to boost the supply and consumption of egg products.
Furthermore, application of egg products in retails/households has urged after the recent pandemic, where people were forced to stay indoors. Also, the work from home culture aided demand for egg products in retails/households.
COVID-19 Pandemic Impact
The impact of COVID-19 on retail sales of convenience foods, notably processed eggs, has been modestly favorable, particularly during times when lockdowns were imposed across most regions of the world, leading to panic buying by customers.
The outbreak boosted sales of egg products on e-Commerce and online grocery platforms, indicating that online retail platforms are expected to increase at the fastest rate over the projection period.
Additionally, the market is driven by convenience, ease of use, and storage of eggs products. Demand for convenience food is increasing as the urban population grows and people's lifestyles become more hectic. The need to physically break shells and separate various components of eggs is eliminated with egg products.
Furthermore, products containing eggs are more efficiently treated and pasteurized as a result of technical improvements, ensuring safety, reduced risk of contamination, and longer shelf life.
Egg products are widely consumed as a sports nutritional product, as they provide athletes with instant protein and energy.
Interested to Procure The Data
Leading manufacturers of egg products are driven by a shift in consumer preference towards processed foods, rising demand for high-quality egg products, advances in egg processing technology, and increased consumer awareness in developing nations.
Fact.MR has provided detailed information about the price points of egg products of manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion, in the recently published report.
Egg Products Industry Report Scope
|Historical Data Available for||2016-2020|
|Market Analysis||MT for Volume and US$ Mn for Value|
|Key Regions Covered||
|Key Countries Covered||
|Key Market Segments Covered||
|Key Companies Profiled|
|Pricing||Available upon Request|
Key Segments Covered in Egg Products Industry Survey
By Product Type
- Whole Eggs
- Egg Whites
- Egg Yolks
- Refrigerated Liquid
- Whole Eggs
- Egg Whites
- Egg Yolks
- Whole Eggs
- Egg Whites
- Egg Yolks
- Specialty Egg Products
By Target Group
- Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice Cream & Frozen Desserts
- Noodles & Pasta
- Salad Dressings
- Food Service Providers
- Convenience Stores
- Discount Stores
- Grocery Stores
- Modern Trade
- Online Retail
- Specialty Food/Sports Stores
- Other Sales Channels
- Food Processing Industry
- FAQs -
Currently, the global egg products market size is worth more than US$ 11.3 Bn.
Egg product consumption is expected to surge at a CAGR of around 7.4% during the period 2021-2031.
In terms of revenue, the market increased at a CAGR of around 5.9% during 2016-2020.
Market players are opting for collaborations to upgrade their technologies to bulk produce protein-rich diet products and penetrate the market in a better way.
Top 5 egg product manufacturers hold around 24.3% of the market share.
The U.S., China, U.K, Germany, and India are the main countries driving demand for egg products.
North America holds around 30.9% share in the global market as far as revenue is concerned.
China and the U.S. are major producers of egg products.
The U.S. market is projected to expand at a CAGR of around 4.9% over the next ten years.
Need an Exclusive Report for your Unique Requirement?
- Related Reports -
- Our Clients -
- Evaluate How Fact.MR's Report Can Help. -
Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.