The worldwide egg products market is now worth US$ 13.07 billion and is expected to grow to US$ 26.94 billion by 2033. In comparison to the historical CAGR of 4.7% (2018-2022), global sales of egg products are expected to expand at a 7.5% CAGR over the next ten years.
Egg products are gaining popularity across the world due to their excellent nutritional content and versatility in a variety of recipes and meal preparations. Surging demand for baking and confectionery items is expected to drive market expansion in the future years, particularly for chilled liquid eggs.
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Sustainability is another important aspect driving the global egg products market. Consumer desire for low-carbon-footprint food goods presents an intriguing potential for egg product makers, which may help them sell more inventory in the long term.
Do Good Foods, a firm dedicated to minimizing food waste and its impact on the global climate, announced the release of Do Good Eggs in December 2022. According to the manufacturer, a dozen of these Good Eggs will prevent about one pound of carbon gases from entering the atmosphere.
Competitive Landscape:
Top-tier egg product providers are working on increasing their company scope through new offers and other appealing techniques in order to reach new customers.
Charoen Pokphand Foods Public firm Limited (CP Foods) said that its first export cargo of frozen pasteurized liquid whole eggs from Thailand to Japan was ready to ship, making it the first Thai firm to do so in March 2023. The corporation also intended to grow into new overseas markets.
Key Players:
- 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
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Regional Analysis:
China and India are the world’s most populous countries, and meeting the nutritional needs of such a large population necessitates the use of all food sources. This will largely increase demand for egg products in these nations. Other factors that will influence egg product shipments in Asian nations such as Japan, India, China, and South Korea in the future include thriving food processing industries, rising health and fitness consciousness, rising consumption of protein-rich meals, and altering customer tastes.
Egg product sales in China are expected to grow at a 6.1% CAGR from 2023 to 2033, reaching $3.52 billion by the conclusion of the projection period.
The United States has seen a significant increase in lifestyle problems and obesity, which has made individuals more conscious of their health and fitness. The number of individuals opting for gyms and physical training in the country is growing, which is boosting demand for protein-rich items like eggs and egg whites.
Egg product sales in the United States are expected to generate a revenue of US$ 10.8 billion by the end of 2033.\
Rapidly expanding vegan population and growing preference for plant-based food products in the United Kingdom are projected to add to the problems of egg product suppliers in the future. Frequent launches of vegan eggs and plant-based egg alternatives in the country will also adversely impact egg product shipments in the long run.
Key Segments of Industry:
By Product Type :
- Frozen
- Whole Eggs
- Egg White
- Egg Yolks
- Refrigerated Liquid
- Whole Eggs
- Egg White
- Egg Yolks
- Dried
- Whole Eggs
- Egg White
- Egg Yolks
- Specialty Egg Products
- Frozen
By Target Group :
- Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice Cream & Frozen Desserts
- Mayonnaise
- Noodles & Pasta
- Salad Dressings
- Others
- Food Service Providers
- Retail/Household
- Convenience Stores
- Discount Stores
- Grocery Stores
- Modern Trade
- Online Retail
- Specialty Food/Sports Stores
- Wholesalers
- Other Sales Channels
- Food Processing Industry
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