Market Research Future Published a Half Cooked Research Report (HCRR) on Global Egg and Egg Products Market which is estimated to grow more than 4.5% during the period of 2017-2023
Globally the egg and egg products market share as one of the fastest growing food ingredient is estimated to escalate at a higher growth rate which is supported by the rising mass consumer demand for healthy products. Rapid urbanization and increased disposable income has led to consumers’ inclination towards purchase of convenience food products due to which the sale of eggs as one of the major ingredients is experiencing a surge.
All these factors will contribute to the calculated CAGR of 4.5% of egg and egg products market during 2017-2023.
Increasing sale of egg and egg products is driven by rising awareness among the consumers about the health benefits gained from consumption of egg and egg products. Consumption of egg products supports a healthy immune system and helps in building the muscles stronger. The nutraceutical value of egg has resulted in increased growth share of eggs and its products across various industries. Increasing disposable income and economy development has influenced the consumers spending behavior leading to increased expenditure on quality products. All these factors contribute to increased market share of egg and egg products globally. The consumption as well as production of egg and egg products is found to be high in North America region and is evaluated to increase at a positive growth rate in various countries of Asia Pacific and Europe.
The Major Key Players in Egg and Egg Products Market are
- Godrej Agrovet Ltd (India)
- Global Egg Corporation (Canada)
- Tyson Foods, Inc. (U.S.)
- Land O'Lakes, Inc. (U.S.)
- Cal-Maine Foods, Inc. (U.S.)
- Barry Farms (U.S.)
- Noble Foods Ltd. (U.K.)
Egg and egg products manufacturers across various regions follow the strategy of improving their existing product line by adding innovations for their business expansion. Due to this the application of egg and egg products is increasing across various industries. In the North America, U.S. is among the dominating countries holding a major share in egg and egg products market and exports the product in various other countries which include Netherlands, U.S., Turkey, Germany and others.
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Consumption of egg and egg products is growing at significant rate based on the health benefits obtained from it. Egg and egg products are found to be rich source of vitamin and minerals. Eggs are also found to be having high in protein content. In addition, application of eggs across various regions is one of the major drivers for this market. Egg and egg products are also being used in personal care products due to its high anti-oxidant content and tissue repairing properties. Eggs are also used in the production of vaccines and medicinal trails. The multi-purpose application of egg and egg products across food industries had led to increased use of the product. Based on the form, dried form is anticipated to hold a major share followed by liquid. On the basis of product-type, whole egg dominates the market based on the complete nutrition obtained from whole egg products.
Application of egg and egg products is found to be high in food sector based on high application in bakery, confectionery and fast growing market of ready-to-eat food.
The global Egg and Egg Products market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). North America holds a major market share followed by Europe. High demands for egg based food and non-food based products from the developed countries of these regions is contributing to the positive growth of egg and egg products market. France, Hong Kong, U.K., Singapore and U.S. are the major importers of egg and egg products.
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