June 16, 2024

Investigating Competitive Strategies: Key Insights into Egg Processing Market Players

Egg Processing Market is Powering through Automation Trends

The global egg processing market is witnessing increased mechanization and automation trends to cater to the rising demand for processed eggs. Egg processing involves various activities such as grading, pooling, cracking, mixing, and packaging among others. It enables production of value-added egg products with improved quality and shelf life. The growing consumption of bakery & snacks, prepared food, and other egg-based products is driving the need for processed eggs across the world. The global egg processing market is estimated to be valued at US$ 51.9 Bn in 2024 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030.

Key Takeaways

Key players operating in the egg processing market are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. Egg processing involves pooling operations to sort eggs according to their size and shape. It further involves breaking operations where eggs are broken and the contents are separated. Modern automated mechanization enables cost-effective and high-output processing across various operations.

The growing demand for processed bakery and snack products is fueling the egg processing market. Processed eggs provide consistency in quality and texture to various food applications such as cakes, pancakes, and desserts. They are also used in preprocessed meals and ready-to-eat products. The expansion of quick-service restaurants is further supporting the consumption of processed egg products.

Key players are focusing on global expansions through strategic partnerships and mergers & acquisitions to cater to the increasing worldwide demand for egg products. Modern eggs processing facilities are coming up across different geographies to ensure local availability and reduce transportation costs. Developing economies in Asia Pacific and Latin America are witnessing heavy investments by major companies in automation and capacity expansion projects.

Market Key Trends

Increased mechanization and automation is a key trend in theĀ egg processing market. Advanced machines and technologies enable efficient grading, sorting, pooling, separating, mixing, and packaging operations. Automation helps improve productivity and maintain consistency in quality through digitally controlled processing. It also reduces the need for manual labor. Additionally, automation enables integrating traceability systems for product recall and quality monitoring. Artificial intelligence and IoT sensors are gaining increased usage in egg processing plants for predictive maintenance and efficiency enhancement. Overall, automation is helping egg processors upgrade operations and cater to the growing global demand for value-added egg products in a profitable and sustainable way.

Porter’s Analysis
Threat of new entrants: High capital requirements and economy of scale make it difficult for new players to enter the market. Bargaining power of buyers: Large customers such as food manufacturers and restaurant chains are able to negotiate low prices. Bargaining power of suppliers: Majority of global production confined to few regions increases bargaining power of suppliers. Threat of new substitutes: No cost-effective substitutes currently exist for chicken eggs used in processing. Competitive rivalry: Intense competition among existing players has led to pricing pressures and investments in innovation to gain market share.

Geographical Regions

North America currently accounts for the largest share of the global egg processing market, both in terms of production and consumption. The US alone contributes more than 25% to the global egg production. Europe is the second largest market for egg processing. Countries such as Germany, France, UK, Poland and Italy are the major consumers in the European region. The Asia Pacific region is expected to be the fastest growing market during the forecast period. Population growth, rising disposable incomes and changing dietary habits are driving demand in the Asia Pacific countries, especially China and India.

*Note:

1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it