According to a new report, published by KBV research, The Global Egg Processing Market size is expected to reach $52 billion by 2030, 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).
The Organic Egg Products segment is experiencing a CAGR of 6.5% during (2024 - 2031). Growing consumer awareness regarding health and wellness leads to increased demand for organic and natural food products. Organic egg products are perceived as healthier alternatives to conventionally produced eggs because they are free from synthetic pesticides, hormones, antibiotics, and genetically modified organisms (GMOs). Consumers seeking healthier options are willing to pay a premium for organic eggs.
The Liquid Egg Products segment is leading the Global Egg Processing Market by Product in 2023; thereby, achieving a market value of $21.6 billion by 2031. Liquid egg products are highly versatile and can be used in various food applications across various sectors of the food industry. They serve as essential ingredients in baking, providing leavening, moisture, and structure to baked goods such as cakes, muffins, and pastries. Liquid egg products are also utilized in savory dishes, omelets, quiches, scrambled eggs, and frittatas, offering consistent texture and flavor in culinary creations.
The Food Service segment is registering a CAGR of 5% during (2024 - 2031). Eggs are a popular and familiar food item enjoyed by consumers worldwide. Many consumers actively seek out dishes containing eggs when dining out due to their taste, texture, and nutritional benefits. As a result, food service establishments are inclined to incorporate eggs into their menus to satisfy consumer demand and enhance customer satisfaction.
Full Report: https://www.kbvresearch.com/egg-processing-market/
The North America region dominated the Global Egg Processing Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $17.2 billion by 2031. The Europe region is anticipating a CAGR of 4.7% during (2024 - 2031). Additionally, The Asia Pacific region would exhibit a CAGR of 5.1% during (2024 - 2031).
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)
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