Egg and Egg Products Market Overview
Over the years, eggs have been considered one of the richest sources of protein due to their ability to provide the essential amino acids required by the body for development. They are obtained from
Eggs can be processed into various edible foods such as egg rolls, fried eggs, egg patties, quiches, omelettes and others. These processed eggs are referred to as egg products.
Consumers Favoring Opportunity Cost Ahead Quantity
Consumers are shifting towards the consumption of eggs and egg products because of the affordability and nutritive content. Eggs act as substitute for other proteins such as meat, and fish which are often expensive.
Diversity in Application
Eggs can be used in the production of various products such as baked products, sweet and savory snacks, and others. They are also used as additives and ingredients in food.
Egg and Egg Product Market Restraint
The egg and egg products market will witness a decline in growth between the foreseeable period because eggs and egg products are readily available in most regions, and there is little or no importation. Hence, the market has an insignificant growth in international trade.
In addition to this, the rising occurrence of avian influenza and the global increase in the vegan's population are factors threatening the development of egg and egg products market globally.
Egg and Egg Products Market: Region-wise Analysis
The Asia Pacific region dominates the eggs and egg products market with countries like India, China, and Indonesia fueling the growth within the region. China consumes about 40% of the total eggs produced globally every year. Egg is a vital component of the diet of an average Chinese with the least income. With China’s population, a rise in the per capita consumption of eggs significantly upswings the egg retail market.
Also, egg producers in the North America and Asia Pacific region are provided the opportunity to close the gap created in the demand-supply of eggs in the European Union countries
Egg and Egg Product Market: Competitive Landscape
The egg and egg product market is highly competitive and fragmented due to the presence of regional players and significant players. Nevertheless, four prominent players hold dominance in the market. Some of the key players of the market are
- Cal-Maine Foods, Inc.
- Land O'Lakes, Inc.
- Noble Foods Ltd
- Tyson Foods, Inc.
- Ningbo Jiangbei Dexi Foods Co. Ltd.
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Global Egg and Egg Products Market Segment Analysis
The global egg and egg products market can be segmented on the following basis:
- Egg powder
- Liquid Egg
- Frozen Egg
- Table Egg
- Specialty Egg
- Dried Egg
- Bakery Mix
- Meal Replacements
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