The egg products processing market is projected to grow at a steady pace during the forecast period of 2023-2028. This growth is attributed to a number of factors, including the increasing demand for convenient and processed food products, the rising disposable incomes of consumers, and the growing awareness of the health benefits of eggs.

Egg products processing market size

According to Stratview Research, the global egg products processing market size was valued at USD 29.28 billion in 2022 and is expected to reach USD 35.96 billion by 2028, growing at a CAGR of 3.42% during the forecast period. The market is driven by the increasing demand for convenient and processed food products, the rising disposable incomes of consumers, and the growing awareness of the health benefits of eggs.

Factors driving the growth of the egg products processing market

There are a number of factors driving the growth of the egg products processing market. Some of the key factors include:

• Increasing demand for convenient and processed food products: Consumers are increasingly busy and time-constrained, and they are looking for convenient and easy-to-prepare food products. Egg products, such as liquid eggs, frozen eggs, and dried eggs, are convenient and versatile ingredients that can be used in a variety of dishes.
• Rising disposable incomes of consumers: As disposable incomes rise, consumers are willing to spend more on food products. This is leading to an increase in demand for higher-quality egg products, such as organic eggs and free-range eggs.
• Growing awareness of the health benefits of eggs: Eggs are a good source of protein, choline, and other essential nutrients. They are also low in calories and fat. As consumers become more aware of the health benefits of eggs, they are more likely to include them in their diets.

Challenges facing the egg products processing market

Despite the positive outlook for the egg products processing market, there are a number of challenges that the industry faces. Some of the key challenges include:

• Food safety concerns: There have been a number of food safety recalls of egg products in recent years. This has led to concerns about the safety of egg products and has hurt consumer confidence.
• Competition from other protein sources: Eggs face competition from other protein sources, such as meat, poultry, and dairy. This competition can put pressure on egg prices and make it difficult for egg producers to compete.
• Animal welfare concerns: There are concerns about the welfare of chickens in the egg industry. Some consumers are choosing to avoid eggs from chickens that are raised in battery cages.

The future of the egg products processing market

The egg products processing market is expected to continue to grow in the coming years. This growth is being driven by the factors mentioned above, such as the increasing demand for convenient and processed food products, the rising disposable incomes of consumers, and the growing awareness of the health benefits of eggs.

The industry is also working to address the challenges it faces. For example, egg producers are investing in new technologies to improve food safety and animal welfare. They are also developing new egg products that are more convenient and appealing to consumers.

Overall, the outlook for the egg products processing market is positive. The industry is well-positioned to continue to grow in the coming years, driven by the increasing demand for convenient, healthy, and affordable food products.