Egg Products Market Size (2024 – 2030)

The global egg products market was valued at USD 13.07 billion and is projected to reach a market size of USD 21.68 billion by the end of 2030. Over the forecast period of 2024–2030, the market is projected to grow at a CAGR of 7.5%.

Egg products are processed or convenient forms of eggs. They include whole eggs, egg whites, and yolks. They can also be found in processed or handy forms that can be frozen, pasteurized, refrigerated, liquid, or dry. The market has had a significant presence in the past. Eggs have been consumed as a stable food for many centuries. The invention of egg processing plants helped enable large-scale production. Presently, the market has seen a notable expansion owing to diverse applications and convenience. In the future, with an increasing population and technological advancements, immense surge is anticipated.                                                                            

Key Market Insights:

Global egg output reached 87 million metric tons in 2022. In 2022, China and Indonesia were the top two nations that produced eggs.

In 2022, the United States produced around 109.5 billion eggs.

In 2024, the worldwide egg market is projected to bring in $130.7 billion, with China holding the largest share of this income.

With an average of 3.9 kg per person in 2024, the Indian egg industry is predicted to reach 7.64 billion kilos by 2028.

In 2022, 93.1 billion eggs were consumed, of which 29.7% were from egg products.

Egg Products Market Drivers:

Increasing health consciousness has been accelerating the market.

The consumption of eggs has been associated with many benefits. Firstly, complete protein that is easy to digest and rich in important amino acids is found in eggs. Egg protein has been shown to aid in weight loss as well as the maintenance and repair of bodily structures, including muscles. Secondly, one of the finest food sources of choline is eggs. Choline can help break down homocysteine, an amino acid that may cause heart disease, and enhance metabolism. Thirdly, eggs are a good source of calcium, zinc, phosphorus, folate, selenium, and vitamins A, B6, B12, D, and E. The generation of energy, the functioning of the immune system, and the operation of the brain and neurological system all depend on these nutrients. Fourthly, eggs may help decrease triglycerides and raise good cholesterol (HDL), which may help minimize the risk of heart disease and stroke. Additionally, eggs may aid with weight control, sarcopenia prevention, and eye health. Furthermore, diets are changing due to health and wellness trends. Gym trainers and nutritionists have been recommending egg products that are aiding market growth.

Rising demand for convenience has been contributing to the success.

Over the years, urbanization has led to economic growth. The standard of living has changed. The middle-class sector is rising, and disposable incomes are increasing. Besides, due to economic stability in many countries, the food industry is expanding. A greater number of diners have been offering innovative options. All these factors are helping in greater revenue generation. Furthermore, many job opportunities have been created. Dual income has become the new normal. Hectic schedules have drawn people to buy ready-to-eat foods. Many ready-to-use egg products come pre-measured, making measurement and usage simple. Additionally, they can be altered by introducing new elements. Pre-cooked eggs, egg sandwiches, omelets, and baked goods have become very popular.

Egg Products Market Restraints and Challenges:

The growing popularity of veganism, side effects, and contamination are the main issues that the market is currently facing.

Veganism has gained tremendous prominence over the past few years. This includes the practice of incorporating plant-based diets. Many videos on social media, articles, blogs, and other such resources have spread awareness about the cruelties of the animal industry. Few people inject poultry and other farm animals with injections, chemicals, and other hormones to increase production. Animals are exploited and killed. This has led to the development of alternative protein sources like soy, almond, cashew, etc. These formulations are nutritious and tasty. A broader consumer base is getting inclined towards buying these choices. This can even lead to intense competition, causing losses for the market. Secondly, eggs are high in saturated fats, which can cause weight gain, and eating them every day can raise both good and bad cholesterol. Additionally, egg allergies are frequent in children under five, and they are characterized by gastrointestinal and respiratory symptoms. Thirdly, Salmonella outbreaks and other food safety problems involving egg products have the potential to erode consumer confidence, prompt regulatory actions, and raise producer compliance costs. It is essential to take precautionary measures during transportation and storage to avoid such problems.

Egg Products Market Opportunities:

Developing fortified options has been providing the market with an ample number of possibilities. Eggs are being incorporated with omega-3 fatty acids, vitamins, minerals, and other essential compounds. This is helping to broaden the consumer base. Secondly, e-commerce channels are being prioritized. Manufacturers are working towards having an online presence. This is facilitating getting more customers in urban and rural areas. Besides, many options are being provided through this retail to make this an appealing mode. Furthermore, clean labeling practices are being encouraged. This includes minimal processing and a reduction in preservatives. Transparency in sourcing and production is being appreciated by the public. Apart from this, innovations in egg processing and packaging technologies are advantageous. These items can enhance shelf life, texture, and safety.

EGG PRODUCTS MARKET REPORT COVERAGE:

Egg Products Market Segmentation: By Product Type

• Liquid Egg Products

• Dried Egg Products

• Frozen Egg Products

Liquid egg products are the largest growing type. For those who need to improve their protein intake or reduce their cholesterol, liquid egg whites make a perfect substitute for eggs. In addition to saving time and space in storage, using liquid eggs makes for delicious baked items. The food industry and other commercial food makers use liquid eggs extensively because they are more convenient, easier to handle, and have a longer shelf life than shell eggs. Dried egg products are the fastest-growing category. Dried egg products are shelf-stable and have a longer shelf life since the majority of their moisture has been removed. Products made from dried eggs are easily reconstituted and mixed with other dry components. Compared to fresh whole eggs, dried or dehydrated eggs are easier to use and store and are more cost-effective.

Egg Products Market Segmentation: By Application

• Food Processing Industry

• Food Service Providers

• Retail

The food processing industry is the largest growing application. Egg products are necessary components of many processed foods, such as pasta, baked goods, candy, sauces, dressings, and prepared meals. To improve the texture, flavor, and nutritional content of its goods, the food processing industry employs a variety of egg products, including liquid, dry, and frozen eggs. The enormous worldwide reach of the food processing sector guarantees a steady and sizable market for egg products. Besides, they are a mainstay in the food processing industry because they offer the consistency and quality needed for large production. Food service providers are the fastest-growing segment. Convenient, ready-to-use egg products are in high demand in the food service industry because of the growth of takeaway, eating-out, and meal delivery services. The expansion of quick-service restaurants (QSRs), cafés, and fast-food establishments has led to an increase in the usage of egg products in menu items such as baked goods, omelets, salads, and breakfast sandwiches. Furthermore, demand for egg-based meals is increased by consumers' choice of convenient and healthful meal alternatives, which raises the consumption of egg products in the food service industry. Apart from this, to accommodate a wide range of dietary choices, including those for high-protein and low-carb foods, food service providers are introducing innovative, personalized egg-based solutions, which are boosting growth.

Egg Products Market Segmentation: Regional Analysis

• North America

• Asia-Pacific

• Europe

• South America

• Middle East and Africa

Asia-Pacific is the largest growing market. Countries like China, India, Japan, and South Korea are at the top. The region would continue to be a significant market influencer due to its dense population and the importance of eggs in many Asian diets. Egg products are extensively used in ice cream and frozen desserts, further increasing the demand. China is responsible for half of the world's production of eggs. Governmental initiatives in the form of schemes, certifications, and funds are helping the market. Many companies have been launching various egg products in these regions, leading to better revenue. North America is the fastest-growing market. The United States is at the forefront in terms of production. A wide variety of egg-processed food items are currently accessible in the North American market due to product innovation. Consumers in North America are starting to choose processed eggs more and more because of their affordable price and high nutritional value. Furthermore, people in North America are looking for easy-to-prepare meals that satisfy their health requirements because of their busy lifestyles.

COVID-19 Impact Analysis on the Global Egg Products Market:

The outbreak of the virus had a mixed impact on the market. The new normal included social isolation, travel restrictions, and lockdowns. This affects supply chain management, logistics, and transportation. Both economic activity and imports and exports were impacted by this. Most hotels, cafés, diners, and restaurants were forced to close due to the regulations that were put in place. In addition, a lack of funding delayed the launch of new initiatives and partnerships. The majority of the funds were allocated to medical applications and research, including the purchase of hospital beds, vaccine kits, oxygen tanks, masks, and other equipment. There was a lot of uncertainty, and a lot of individuals lost their jobs. During the COVID-19 epidemic, sales to hotels and restaurants stopped, which resulted in a 68% price decrease in the liquid egg market as per the Farm Progress. However, on the other hand, people realized the importance of having good health. Egg products were a greater source of protein, enhancing the immunity of individuals. People started to eat clean and nutritious food. Many of them started to stock up on these products. People who were unable to cook relied on convenient products like these. Throughout the state of Karnataka in India, demand for eggs increased by 10% to 15% during the second wave of COVID-19 infections, as per the Economic Times. Following the epidemic, the market has started to stabilize. The relaxation of laws and rules has made things more routine. E-commerce has been linked to higher sales.

Latest Trends/ Developments:

Companies in this industry have been looking for ways to adopt sustainable practices. The demand for eggs from hens kept on pasture, free range, and without cages, as well as certificates attesting to sustainable and humane farming methods, has increased as a result. Besides, eco-friendly packaging is being emphasized. This includes the use of recycled plastic and other biodegradable materials.

Key Players:

1. Cal-Maine Foods, Inc.

2. Rose Acre Farms

3. Michael Foods, Inc.

4. Rembrandt Foods

5. Sanovo Technology Group

6. Eurovo Group

7. Moba Group

8. Noble Foods Ltd.

9. Post Holdings, Inc. (Michael Foods)

10. Gruppo Eurovo

• In December 2023, the world's first liquid egg created without a hen was introduced by EVERY business at a private dinner held at the renowned Eleven Madison Park restaurant in New York City. For this product, which was created over nine years using yeast fermentation, EVERY has raised nearly $233 million.

• In September 2023, in preparation for the debut of a new class of products, Formo, in collaboration with Singapore Management University, undertook a peer-reviewed study that revealed a significant demand for precision-fermenting eggs. Formo will employ bio-designed bacteria to generate animal-free eggs using its current protein production technology, which is already utilized to produce dairy proteins through precision fermentation.

• In August 2023, in collaboration with JUST Egg, the market leader in the plant-based egg category in the United States, Zikooin Company (UNLIMEAT), a prominent player in the alternative meat sector in Korea, launched plant-based egg products. The two businesses recently said that they would launch new items utilizing the well-liked folded structure of JUST Egg and that they have struck a brand license agreement.