HEN’S EGG PROCESSING MARKET ANALYSIS

The hen’s egg processing includes operations such as breaking, filtering, mixing, stabilizing, blending, pasteurizing, cooling, freezing or drying, and packing. Liquid, frozen, and dry egg products, which come in whole eggs, whites, yolks, and other mixes, are the most common types of egg products. In the food and beverage industry, these egg products are often used as ingredients in products such as spaghetti, pasta, salad dressings, and dairy products. Consumers’ desire for higher-quality and healthy products are driving growth of the egg processing industry. Edible product are constantly being developed in response to market demand, with a strong focus on offering healthy and better products.

The global hen’s egg processing market is estimated to surpass US$ 36.99 Billion by the end of 2027, in terms of revenue, exhibiting at a CAGR of 5.6% during the forecast period (2021 to 2027).

Drivers

The rising awareness of the health benefits of eggs, such as the availability of protein and vitamins, is likely to drive the growth of the global egg processing market. The increased demand for eggs from the food industry is another factor driving global hen’s egg processing market expansion. According to the United States Department of Agriculture, in 2012, per capita egg consumption was 254 eggs per person per year, and in 2017, it was 279 eggs per person per year.

Moreover, processed eggs like dried eggs have similar nutritional values as fresh eggs. Protein, immune-boosting properties, antimicrobial capabilities, can all be found in them. Pet food producers most commonly use dried eggs as it contains high-quality proteins. Processed dried eggs are easily digestible and they are high in antioxidants and minerals. When compared to fresh eggs, dried eggs have a lesser volume, allowing them to fit into smaller packages. There are variety of dried egg products, which can be classified into four categories including dried egg white, dried plain whole egg and yolk, dried whole egg and yolk blends with carbohydrates, and specialized varieties of dried egg products.

The Asia Pacific dominated the global hen’s egg processing market in 2020, accounting for 37.2% share, in terms of revenue, followed by Latin America and North America respectively. As a result of increased awareness of the health benefits of eggs in the region.

Figure 1. Global Hen’s Egg Processing Market, Revenue Share (%), By Region, 2020

To learn more about this report, request sample copy

Market Restraints

Rising health consciousness and determination to a vegan diet are expected to restrict the global hen's egg processing market's growth over the forecast period. According to UN estimations for 2020, which show that around 78 million people out of the world's 7.8 billion are vegan. In the forecast period, this would restrict the global hen's egg processing market.

Market Opportunities

The global hen's egg processing market is driving due to the growing global demand for processed meals. In urban areas, demand for processed foods is rising due to rising disposable income. According to the Organization for Economic Cooperation and Development, in 2017, China's disposable income increased to US$ 5,278.3 from US$ 3562.2 in 2012. Furthermore, consumer spending on processed food in India increased to US$ 270.48 billion in 2018 from US$ 63.67 billion in 2004. Consumer spending on processed food in the U.S. increased from US$ 11,971.9 billion in 2015 to US$ 12,847.82 billion in 2018. In the forecast period, this factor is expected to drive growth of the global hen's egg processing market.

Figure 2. Global Hen’s Egg Processing Market – Opportunity Analysis

To learn more about this report, request sample copy

Market Trends

The increased production of poultry egg in order to fulfill increasing egg demand worldwide is a significant trend in the global hen’s egg processing market. According to Food and Agriculture Organization, poultry is currently one of the fastest expanding parts of India's agricultural industry. Egg and broiler production has been increasing at a rate of 8 to 10% per year. 

Figure 3. Global Hen’s Egg Processing Market, Revenue Share (%), By Product, in 2020

To learn more about this report, request sample copy

Among Product Type, liquid egg products dominated the global hen’s egg processing market in 2020, accounting for around 37.2% of market share, in terms of revenue, followed by dried egg products and frozen egg products, owing to increasing demand form food service industry.

Global Hen’s Egg Processing Market - Impact of Coronavirus (Covid-19) Pandemic

The global COVID-19 pandemic has had a minimal negative impact on the hen's egg processing market, especially in terms of poultry production costs. While grocery store eggs are in high demand, demand for eggs in restaurants and other hospitality businesses like  hotels has nearly halted during the lockdown. The hen’s egg processing market is mostly impacted due to decreasing prices caused by Covid 19 pandemic. 

According to  research published by Iowa State University's Egg Industry Center, liquid egg can cost as little as 8 cents per pound, which is less than a gallon jug of retail filtered water (which costs 9.6 cents per pound). These prices imply that egg farmers can't afford to feed their hens and can't find a buyer for their product. According to same research published by Iowa State University's Egg Industry Center, The liquid egg industry in the U.S is dropped more than US $110 million from its 10-year average in April, while shell egg market, on the other hand, have seen a rise in demand, resulting in a significant price increase during the pandemic. However, due to nutritional value, egg has great demand during post pandemic period.

Competitive Section

Key players operating in the global hen’s egg processing market include SKMEgg.com, Oaklands Farm Eggs Limited, Ovostar, Parmovo S.r.l. Società a Socio Unico, Rose Acre Farms, Ballas Egg Products Corporation, Igreca, Rembrandt Enterprises, Inc., Michael Foods, Inc. and Sovimo Hellas S.A.

Few Recent Developments

In October 2020, Ovostar Union, a major Ukrainian manufacturer of chicken eggs and egg products, launched eggs product on the Ukrainian market: liquid egg products packaged in Pure-Pak gable-top cartons. In addition to the small package, the user will benefits from time savings, convenience, and a clean kitchen.