Market Size of Processed Egg Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 4.30 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Processed Eggs Market Analysis
The Processed Egg Market is projected to witness a CAGR of 4.3% over the next five years.
There has been a surge in the market for all forms of egg products, including dried products, owing to the trend of increasingly busy lifestyles. This, in turn, has resulted in increased demand for quick meal solutions and convenience food. Since preserved food products like dried eggs are easy and fast to prepare, they offer a perfect solution to this problem. In continuation, retail demand for the above-mentioned products has been 15-20% higher than usual throughout the pandemic. Owing to meet the rising demand, manufacturers are expanding their product line by introducing processed eggs. The increased pace of the logistics transportation available with e-commerce platforms prompts manufacturers to launch their products online through their company website.
Moreover, due to technological advancements, processed eggs are more efficiently treated and pasteurized, assuring safety, reduced risk of contamination, and extended shelf life. The development of longer shelf-life products and increased consumer demand are important factors boosting the industry. The widespread availability of convenience foods has changed consumers purchasing behaviors for dietary items. Processed eggs are also majorly used as a source of high-quality protein in sports and bodybuilding. Furthermore, the opportunity for processed eggs arises in application in new and novel food products, such as processed eggs and healthcare products.