“Global Egg Processing Market to reach a market value of USD 52 Billion by 2031 growing at a CAGR of 4.9%”
The Global Egg Processing Market size is expected to reach $52 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 5,587.2 kilo tonnes, experiencing a growth of 13.1% (2020-2023).
Eggs play a crucial role in baking, providing structure, moisture, leavening, and richness to baked goods such as cakes, cookies, pastries, and bread. Thus, the bakery & confectionery segment acquired $4,822.8 million revenue in 2023. Also, the US market consumed 196.6 kilo tonnes of eggs in bakery & confectionery segment in 2023. Their unique protein composition enables them to bind ingredients and trap air during baking, resulting in desirable textures and crumb structures.
Processed egg products offer convenience to consumers by eliminating the need to crack and separate eggs, saving time and effort in meal preparation. Pre-cooked egg products such as boiled eggs and omelet slices are convenient for ready-to-eat meals and food service applications. Hence, increasing demand for processed egg products drives the market's growth.
Additionally, With the expansion of the global processed food industry, there’s an increasing demand for innovative and diverse food products. In conclusion, the expansion of the global food processing industry is propelling the market's growth.
However, Egg production is subject to seasonal fluctuations influenced by temperature, daylight hours, and bird physiology. Inconsistent egg quality can pose challenges for egg processing companies in maintaining product consistency, meeting quality standards, and ensuring customer satisfaction. Hence, seasonal variability in egg production is hampering the market's growth.
Based on nature, the market is categorized into organic egg products and inorganic egg products. The inorganic egg products segment procured 74.1% revenue share in the market in 2023. In terms of volume, the inorganic egg products segment would consume 7,378.3 kilo tonnes of eggs by 2031. Inorganic egg products are typically more widely available and accessible.
Based on product, the market is divided into dried egg products, liquid egg products, and frozen egg products. The dried egg products segment attained a 38% revenue share in the market in 2023. In terms of volume, the dried egg products segment would consume 2,535.4 kilo tonnes of eggs by 2031. Dried egg products have a significantly longer shelf life, making them an attractive option for consumers and food manufacturers.
On the basis of end-use, the market is segmented into food processing & manufacturing, food service, and retail. In 2023, the food processing & manufacturing segment recorded the maximum 44% revenue share in the market. In terms of volume, the food processing & manufacturing segment would consume 4,161.7 kilo tonnes of eggs by 2031. Eggs are incredibly versatile ingredients that can be used in a wide range of food products across the food processing industry.
The food processing & manufacturing segment is further subdivided into processed foods & ready meals, bakery & confectionery, dietary supplements, and others. In 2023, the processed foods & ready meals segment acquired 18% revenue share in the market. In terms of volume, the processed foods & ready meals segment would consume 1,682.4 kilo tonnes of eggs by 2031. Eggs contribute to the texture, flavor, and sensory appeal of processed foods and ready meals.
Free Valuable Insights: Global Egg Processing Market size to reach USD 52 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region gained 34% revenue share in the market in 2023. In terms of volume, North America region would consume 3,016.0 kilo tonnes of eggs by 2031. North America has a large population that consumes significantly more eggs and egg-based products.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 35.8 Billion |
| Market size forecast in 2031 | USD 52 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 4.9% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 409 |
| Number of Tables | 870 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Nature, Product, End-Use, Region |
| Country scope |
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| Companies Included | Rose Acre Farms, Inc., Interovo Egg Group BV, Igreca SAS, Wabash Valley Produce, Rembrandt Enterprises, Inc., Avril Group, Eurovo Srl, Bouwhuis Enthoven BV, Kewpie Corporation, Taiyo International (Taiyo Kagaku Corporation) |
By Nature (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By End-Use (Volume, Kilo Tonnes, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)
This Market size is expected to reach $52 billion by 2031.
Increasing demand for processed egg products are driving the Market in coming years, however, Seasonal variability in egg production restraints the growth of the Market.
Rose Acre Farms, Inc., Interovo Egg Group BV, Igreca SAS, Wabash Valley Produce, Rembrandt Enterprises, Inc., Avril Group, Eurovo Srl, Bouwhuis Enthoven BV, Kewpie Corporation, Taiyo International (Taiyo Kagaku Corporation)
In the year 2023, the market attained a volume of 5,587.2 kilo tonnes, experiencing a growth of 13.1% (2020-2023).
The Liquid Egg Products segment is leading the Market by Product in 2023; there by, achieving a market value of $21.6 billion by 2031.
The North America region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; there by, achieving a market value of $17.2 billion by 2031.
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