Egg Processing is Estimated to Witness High Growth Owing to Automation

Egg processing involves sorting, grading, cracking, mixing, and drying of eggs to prepare products such as liquid, frozen, dried or powdered eggs for consumption. Eggs are processed to increase shelf life, enable year-round availability and make various value added products. Key applications of processed eggs include bakery, savory and confectionery products. The rising demand for packaged and ready-to-eat food items has fueled the demand for processed eggs globally. 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. Growing demand for processed food and expansion of bakery and confectionery industries especially in developing countries provides major opportunities in the market. Advent of automation technologies has accelerated processing, aided in waste reduction and improved efficiency in egg processing plants.

Key players operating in the egg processing are Avril, Cal-Maine Foods, Inc., Eurovo S.R.L., Lactosan-Sanovo Holding A/S, Moba B.V., and ACTINI GROUP. The key opportunities in the market include growing demand for processed food and expansion of bakery and confectionery industries especially in developing countries. Technological advancements like automation has accelerated processing, aided in waste reduction and improved efficiency in egg processing plants.

Market Drivers
Rising adoption of automation in egg processing is a key driver boosting the market growth. Automation enables accurate grading, sorting, cracking and separating of eggs. It further facilitates bulk processing of eggs with minimal manual intervention. This significantly improves production output while reducing labor costs and operational errors. Automation also ensures improved food safety standards through minimal human contact during processing. Growing popularity of processed egg products coupled with automation is expected to drive the egg processing market during the forecast period.

Current challenges in Egg Processing Market

The egg processing market is facing several challenges currently. Rising costs of raw materials needed for egg processing like corn and soybean which are the primary components of poultry feed is putting pressure on profit margins of players in this industry. Additionally, frequent outbreaks of bird flu infections are disrupting egg production. Strict regulations around food safety and quality standards also necessitate heavy investments in processing facilities and equipment to ensure compliance. Meeting growing demand through capacity expansion while maintaining sustainability is another major challenge.

SWOT Analysis
Strength: Egg processing allows for longer shelf life and stability of supply throughout the year. It also provides opportunities for product innovations to cater to changing consumer preferences.

Weakness: Processing reduces some nutrients in eggs. It also requires large capital investments and operating costs for factories, equipment and manpower.

Opportunity: Growth in demand for processed, value-added and ready-to-eat egg products present major opportunities. Rising health consciousness is boosting demand for processed eggs with certain nutritional benefits.

Threats: Volatility in key input costs can impact profitability. Bird flu outbreaks and strict regulations on food safety poses significant threats. Intense competition from alternatives also affects market share.

Geographical regions

North America holds the major share of the global egg processing market in terms of value currently accounting for over 35% share, led by the US. This is attributed to robust demand for packaged and processed egg products from food processors, retailers and consumers in the region.

The Asia Pacific region is poised to be the fastest growing market for egg processing during the forecast period till 2030 driven by increasing population, rising disposable incomes and shifting dietary patterns in large developing economies like China and India. Rapid growth of food processing and retail industries is further propelling the market in Asia Pacific.