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Global Egg Processing Market Is Estimated to Account for US$ 40.2 Bn by End of 2027, Says Coherent Market Insights (CMI)

April 15, 2021 GMT

SEATTLE--(BUSINESS WIRE)--Apr 15, 2021--

Egg processing is the act of preserving and treating eggs for better shelf life and safety. Most companies use pasteurization to kill any bacteria or parasites in the food. This kills any present taste or odor and reduces any nutritional value. There is still some leftover protein, but this is generally considered unwanted by the majority of consumers. The quality of these foods has decreased over the years because pasteurization and chemical fertilizers have been applied to every food, making it virtually useless as a source of protein. Every food must go through a complete manufacturing process. Through proper nutrition, a healthy balance of vitamins, minerals, carbohydrates, proteins, and fats can be found in every meal of every day.

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The global egg processing market is estimated to account for 40.2 Bn in terms of value by the end of 2027, witnessing a CAGR of 4.3%.

Market Drivers:

The rising demand for ready-to-eat foods all across the globe is expected to augment the growth of the global egg processing market

Given today’s lifestyle, everyone is always in a hurry to reach places and get works done. Cooking is now considered a different career or just a luxury. Hence more and more people consumers are inclining towards processed and ready-to-eat foods, which is expected to augment the market growth of egg processing services. For instance, according to U.S. National Frozen & Refrigerated Foods Association, the combined sale of frozen foods in the U.S. in 2019 was US$ 125 billion in 52 weeks.

The rising awareness of health and fitness associated with animal proteins such as eggs is estimated to propel the growth of the global egg processing market

An egg is a pure source of protein and good carbs, which is essential for proper muscle building and increase stamina. For instance, according to the Cleveland Clinic, one boiled egg contains around 6 grams of protein and just 0.6 grams of carbohydrate. People who are aware of health and fitness have consumed eggs since generation, hence when it comes to processed eggs, the pressure of processing an egg on their own gets reduced and they can consume it on the go.

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Market Opportunities:

Increased consumerism of processed and pre-made foods has boosted the sales of frozen food and processed providers. For instance, according to the U.S. Food and Drug Administration, currently, there are around 21000 food processing companies in the region, generating an annual revenue of around US$ 750 billion and the global processed food sales total is around US$ 2 trillion.

The development of new egg processing products and the establishment of various new processed food chains by key market players are expected to create remarkable opportunities in the global egg processing market.

Market Trends:

There is an increasing demand for the convenience of food in the world. Convenience and easy to use and storage of processed eggs is expected to drive the global egg processing market. Owing to the busy lifestyle and urban population, there is a growing demand for convenience food. For instance, according to the Centre for Sustainable Systems, around 83% of the U.S. population resides in urban areas, and by 2050, around 89% of the U.S. population and 68% of the total world population is expected to live in urban areas.

Owing to technological advancements, egg processing is done more efficiently by treating and pasteurizing. This ensures extended shelf life, reduced risks, and the safety of the eggs. Processed eggs are also used as a high-quality protein source in bodybuilding and sports.

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Competitive Landscape:

Key players operating in the global egg processing market include, Key players operating in the global refrigerated road transport market include, Pelbo S.P.A.OVO Tech,Interovo Egg Group B.V., Bouwhuis Enthovan, Igreca S.A., Actini Group, Sanovo Technology Group, Gruppo Eurovo, Glon Group, Moba b.v., and Pelbo S.P.A.

Market segmentation:

By Source

  • Plant Origin
  • Animal Origin

By Application

  • Cereals and Crops
  • Fruit and Vegetables
  • Lawns and Turfs

By Form

  • Solid
  • Liquid

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. Our client base includes players from across various business verticals in over 57 countries worldwide.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210415005370/en/

CONTACT: Mr. Shah

Senior Client Partner – Business Development

Coherent Market Insights

Phone:

US: +1-206-701-6702

UK: +44-020-8133-4027

Japan: +81-050-5539-1737

India: +91-848-285-0837

Email: sales@coherentmarketinsights.com

Website: https://www.coherentmarketinsights.com

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KEYWORD: UNITED STATES NORTH AMERICA WASHINGTON

INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL

SOURCE: Coherent Market Insights

Copyright Business Wire 2021.

PUB: 04/15/2021 09:00 AM/DISC: 04/15/2021 09:01 AM

http://www.businesswire.com/news/home/20210415005370/en