Global Egg and Egg Products Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Egg and Egg Products Market” is estimated to be valued at US$ X.x Billion in 2019. The target market is projected to register considerable CAGR and reach a value of US$ X.x Billion in 2028. To provide appropriate details of the global egg and egg products market, the report has been divided based on type, form, application, sales channel, and region.
Egg and Egg Products: Overview
According to a document published by the American Egg Board (AEB), egg products are processed eggs obtained from processing shelled eggs. Various egg-related products include egg whites, whole eggs, refrigerated liquid, frozen egg yolks, as well as dried form of eggs. These are available in different formulations of products and as specialty products. The different specialty egg-based products available in the market include egg rolls, pre-peeled hard-cooked eggs, egg patties, omelets, quiches, fried eggs, scrambled eggs, among other products.
Global Egg and Egg Products Market Growth Factors, Restraining Factors, and External Threats
Shifting preference towards adoption of healthy life-style, increasing application of egg and egg products in personal care products owing to anti-aging properties are some of the key factors expected to drive growth of the global egg and egg products market. In addition, variety of egg products available in market and increasing demand for bakery and confectionery products are some factors anticipated to boost growth of target market. Moreover, egg and egg products are majorly used for culinary purposes, manufacturing of vaccines, among other uses. These are some other factors anticipated to support global market growth significantly.
Also, increasing research and development activities to develop products with enhanced shelf-life and increasing nutraceutical applications of egg and egg products are expected to create new opportunities in terms of revenue for players existing in the global market over the next few years. In addition, implementation of regulations to take egg safety measures is encouraging major players to invest in poultry farming and plans/schemes associated with egg-based products.
Whereas, shortage in availability of eggs owing to various animal diseases mainly bird flu and influenza is a key factor that could restrain growth of the target market. In addition, rapidly growing vegan population is resulting in higher demand for plant-based products rather than animal-based products. This is another major restraining factor for target market.
Segment Analysis: Egg and Egg Products Market
Among the form segments, the dried segment is anticipated to record significant share in terms of value in the market.
Among the application segments, currently, the food segment dominates in the global egg and egg products market and anticipated to witness significant growth over the 10-year forecast period.
By Sales Channel:
The online segment is projected to grow at a steadily higher growth rate owing to high adoption of online purchasing options across the globe.
Region Analysis: Global Egg and Egg Products Market:
The market in North America is anticipated to dominate in the global egg and egg products market in terms of value, owing due to high preference for healthy and high nutritional value products by individuals, especially people engaged in physical activities, workouts, etc., in the region. In addition, increasing production of egg and egg products in the US, growing demand for functional food products, and increasing import and export activities of egg and egg products are among other factors projected to fuel the market growth. The Europe market is estimated to account for the second-largest share in terms of value, due to high consumption of bakery products by individuals, combined with increasing demand for egg and egg products from bakery and confectionery sector in countries in Europe. The market in Asia Pacific (APAC) is projected to register substantial growth rate in the global market over the 10-year period. Rapidly growing population and rising inclination towards healthy food products along with increasing disposable income levels, and government initiatives to spread awareness regarding health benefits of eggs, and high number of poultry farms in developed and developing countries in APAC are factors anticipated to contribute to revenue growth of the market in Asia Pacific.
Global Egg and Egg Products Market Segmentation:
Segmentation by Type:
- Egg Yolk
- Egg Whites
- Whole Eggs
Segmentation by Form:
Segmentation by Application:
- Personal Care Products
- Animal Feed & Pet Food
- Others (Medicines & Vaccines)
Segmentation by Sales Channel:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Alltech Biotechnology Inc.
- Noble Foods Ltd
- Cal-Maine Foods Inc.
- Egg Industries
- Eggland's Best Inc.
- Global Egg Corporation
- Rose Acre Farms
- Hyline International
- Land O' Lakes Inc.
- Michael Foods Inc.
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