Market Overview:
The World processed egg market is estimated to register a CAGR of 3.7%, throughout the forecast period of 2018-2023. Eggs have been a prominent source of food in cuisines across the globe. They play a significant role in many branches of the modern food industry, particularly in baking, as their chemical makeup acts as glue in several critical baking reactions. Processed eggs are used extensively in numerous food products such as baked foods, dairy products and confectionery. Due to their functional properties like improved freshness, longer shelf life, and storage and transportation requirement, they are considered superior to the unprocessed counterparts.
Market drivers and restraints:
Convenience, ease of use and storage of processed eggs drive the world market. Due to the rising urban population and busy lifestyles, there is an elevating demand for this convenience food. Processed eggs eliminate the need to break shells and separate various components of the egg manually. Furthermore, due to technological advancements, processed eggs are more efficiently treated and pasteurized, thereby assuring safety, lessened risk of contamination, and extended shelf-life. These eggs are also majorly used as a source of high-quality protein in sports and bodybuilding.
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Report segmented as:
By type:
- Dried
- Liquid
- Frozen
By application:
- Confectionery
- Dairy products
- Bakery
- Ready to eat
- Soups and sauces
Geographical analysis:
The North American region led themarket for processed eggs in 2016. In the Asia-Pacific region, factors such as population growth, quick urbanization, and awareness about the nutritional advantages of processed egg products are contributing to the growth of the market. The demand for products made of processed eggs is growing quickly in developing countries like China and India.
Important market players:
The key players operating in the global processed egg market are Cal-Maine Foods Inc, Moba B.V., Rose Acre Farms, Ballas, Rembrandt Enterprises, Daybreak Foods, Pulviver, Honeyville, Dr. Oetker, Interovo Egg Group B.V.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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