Egg processing and Egg production have grown from being simple processes to complex webs involving multi-dimensional aspects of eggs, including animal welfare, traceability, nutritional benefits, and legislations. Traceability is expected to become an issue of importance to the whole of the egg industry. This is expected to have major consequences for egg products, and in the case of Europe, innovative developments are already underway for enabling the traceability of both powdered egg products and liquid egg products.
Leading Egg Processing countries Worldwide in 2016 (in number of eggs in Billions)
The four most significant factors which are expected to affect the egg processing industry in the next decade are animal welfare, sustainability, traceability and rulings pertaining to world trade.
Sustainability has already become increasingly significant in the European egg market and it is expected to further gain importance in the coming decade. The trend is expected to be particularly driven by multi-national corporations and the major retailers in food. However, processors and producers should have the ability to respond to the growing market demands appropriately for this to occur.
Animal welfare issue has majorly affected the egg production in the European market in the past few years and this is expected to continue. The ban on conventional cages brought about by the EU has led to the use of enriched cages, which have played an important role in the satisfaction of demand and will continue to do so in the coming decade. It is not feasible to predict how trade across the world will change in the coming decade, but European processors are planning for intercontinental trade, which involves selling outside of Europe, and requires the pricing to be competitive while still complying with the animal welfare norms of the EU.
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Traceability has also always been a major issue in Europe, with all European eggs now being coded to imply their country of origin, the method of farming, and also encompassing the egg farm of their origination. Further, developments are already underway in the region to bring-about traceability in the same manner in the liquid egg and powdered egg markets.
More than 60 percent of the world egg production comes from Asia, and it is projected to cross 75 percent in the coming decade. The population in Asia is growing rapidly with changing demographics. By the year 2030, there will be an addition of 450 million people in Asia, which will constitute a huge populace of the elderly and a rising number of wealthy people. This shift in demographics is expected to result in an increase in demand for egg products and eggs.
In the coming decade, there is expected to be a fusion of foods in Asia wherein there will be a growing trend towards the consumption of foods which provide added health benefits, and foods of western origin/influence. Japan has already brought about innovation in the fields of packaging and food, and China is expected to follow the lead.
Further, consumer awareness is rising at an unprecedented pace in this region, and the demand for traceability has consequentially increased at an exponential pace. In Asia, food safety is becoming a significant issue and the consumers of the future will surely demand safer egg products from producers.
The global market is increasingly becoming an integrated and interdependent marketplace. The future of the food ingredient sector in North America revolves around the creation of increased functionality from egg products, which also include whipping and binding properties, and nutritional benefits.
Sustainability, animal welfare, and traceability are the major issues for egg processors in this region, which are expected to only increase in the coming decade. The food service industry in North America is projected to experience growth in the next 10 years, especially in the convenience food market, with food safety becoming an even greater issue.
The market in Latin America is expected to alter drastically in the coming decade. Currently, about 8 to 10 percent of the eggs produced in this region go to the industry, which is expected to increase to 17 percent by 2020 itself.
The basic food services and exports in the region are growing owing to the increasing provision of food ingredients by Latin American companies. This is expected to further lead to the creation of new companies, which might offer more products at competitive prices, creating a tougher competitive scenario in Latin America. However, similar scenarios have been previously experienced in other industries which suggest that after an initial competitive landscape of 3 to 4 years, the market is expected to be consolidated.
The Latin American egg industry is following the same trend as that of Europe, but is lagging behind by 10 to 12 years in terms of revenue. The industry is expected to face the similar issue of traceability, animal welfare, and sustainability in the coming decade. Further, this region is in need of innovative policies, regulations, and legislations within the industry, which aid in the production of better products at higher qualities. The market in Latin America is expected to reach its true value and potential in the coming years.