HEN’S EGG PROCESSING MARKET ANALYSIS

Market Challenges And Opportunities

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.

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.