Egg Products Market Forecasted to Expand Rapidly, Projecting Us$ 26.94 Billion Value by 2033, with 7.5% CAGR

The global egg products market is currently valued at $13.07 billion and is projected to reach $26.94 billion by the end of 2033. This represents a significant increase, with an expected CAGR of 7.5% over the next decade, compared to the historical CAGR of 4.7% from 2018 to 2022.

The rising popularity of egg products worldwide is attributed to their high nutritional value and versatility in various recipes and food preparations. The growing demand for bakery and confectionery products is also expected to drive market growth, particularly boosting the demand for refrigerated liquid eggs in the coming years.

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Portion control benefits are a key advantage, especially for those monitoring their diet. Moreover, plant-based alternatives offer valuable options for individuals with egg allergies, providing egg-like textures and flavors without the allergens.

The growth of the egg products market is driven by the rising demand for convenient and ready-to-eat food options, boosting the popularity of processed egg products like liquid eggs and pre-packaged choices. Additionally, increasing awareness of health and wellness, along with a preference for plant-based alternatives, has spurred the development of innovative egg substitutes.

Key Companies Profiled:
• Tyson Foods Inc.
• Daiya Foods Inc.
• Rembrandt Enterprises Inc.
• Noble Foods Ltd.
• Michael Foods Inc.
• The Kraft Heinz Company
• SKM Egg Products Export
• Andros
• Ningbo Jiangbei Dexi Foods Co. Ltd.
• Barry Farms
• Hy-Line International
• Pilgrim's Pride Corporation
• Tree Of Life Inc.
• Venkys India

However, issues related to foodborne illnesses and contamination risks necessitate stringent safety measures in egg processing and handling. Another challenge is the growing awareness of allergens, especially for those with egg allergies, leading consumers to seek alternative products free from egg ingredients.

Key Takeaways:

- The United States market is projected to reach a value of US $10.83 billion by 2033, driven by the surging demand for high-protein products during the forecast period.
- The United Kingdom market is expected to achieve a CAGR of 7% from 2023 to 2033.
- European countries are anticipated to experience significant growth due to lucrative market opportunities, with the current egg shortage presenting additional potential.
- Refrigerated liquid eggs hold a dominant market share and are expected to see a CAGR of 6.8% over the forecast period.

Market Competition:

Leading suppliers of premium egg products are strategically expanding their market reach through new offerings and appealing strategies. Key players in the market include Tyson Foods Inc., Daiya Foods Inc., Rembrandt Enterprises Inc., Noble Foods Ltd., Michael Foods Inc., and The Kraft Heinz Company.

In March 2023, Charoen Pokphand Foods Public Company Limited (CP Foods) announced the readiness of its initial export consignment of frozen pasteurized liquid whole eggs from Thailand to Japan, marking it as the first Thai company to achieve this milestone. CP Foods also outlined plans to expand its presence into additional international markets.

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Winning Strategies:

- Major players in the egg industry should focus on developing specialized egg-based ingredients like powders or custom blends to meet the specific needs of food manufacturers, making these ingredients versatile for various applications.
- To capitalize on the demand for high-quality and premium offerings, some companies are differentiating themselves by introducing gourmet or specialty egg products, targeting consumers seeking unique and elevated culinary experiences.
- Companies are investing in advanced processing technologies, such as high-pressure processing (HPP) or innovative pasteurization methods, to ensure food safety while preserving the nutritional integrity and quality of their egg products.

Key Segments of Egg Products Industry Research:

• By Product Type :
o Frozen
 Whole Eggs
 Egg White
 Egg Yolks
o Refrigerated Liquid
 Whole Eggs
 Egg White
 Egg Yolks
o Dried
 Whole Eggs
 Egg White
 Egg Yolks
o Specialty Egg Products
• By Target Group :
o Food Processing Industry
 Bakery & Confectionery
 Creamy Sauces
 Ice Cream & Frozen Desserts
 Mayonnaise
 Noodles & Pasta
 Salad Dressings
 Others
o Food Service Providers
o Retail/Household
 Convenience Stores
 Discount Stores
 Grocery Stores
 Modern Trade
 Online Retail
 Specialty Food/Sports Stores
 Wholesalers
 Other Sales Channels
• By Region :
o North America
o Latin America
o Europe
o APAC
o MEA

In conclusion, the egg products market is experiencing significant growth, driven by increasing consumer demand for convenient, high-protein, and versatile food options. Innovations in processing and packaging, along with a focus on sustainability and animal welfare, are enhancing product appeal and expanding market reach. As dietary trends such as high-protein and plant-based alternatives gain traction, manufacturers are diversifying their offerings to cater to a broad range of consumer preferences. With ongoing advancements and a commitment to quality and sustainability, the egg products market is well-positioned for continued expansion and innovation, meeting the evolving needs of consumers globally.

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This release was published on openPR.