The size of the Europe egg processing market is expected to be worth USD 8.78 billion in 2024 and grow at a CAGR of 2.60% from 2024 to 2029 to achieve USD 9.99 billion by 2029.
Egg processing is a long process that includes mixing, grinding, stabilizing, classifying, blending, pasteurizing, chilling, freezing, and packaging. Because processed eggs are high in protein and fat, they are widely used in many products such as sweet meats, bakeries, ready-to-eat products, dairy products, soups, and sauces. Eggs are shelled and the resulting liquid products are processed to be suitable for use in a variety of foods. Different equipment is used in the different stages of egg processing. Processed eggs are widely used as raw material for various foods, such as confectionery, dairy products, dairy products, and confectionery. The Europe egg processing market is driven by the growing demand for egg products. The increasing use of egg products in the food and beverage industry is also supporting developments in the market.
The rising intake of functional and bakery processed egg products is complementing the growth in Europe egg processing market. Also, the continuous technological advancement of egg processing equipment technology is contributing to the overall growth of the European market. Besides, the increasing consumer awareness related to healthy living is also encouraging the regional market boom. The Europe egg processing market is expected to grow at a significant rate over the next few years due to several advantages of processed eggs, such as a lower risk of contamination, a longer shelf life and ease of transport. Apart from this, a significant increase in the demand for quality products in the fast-growing food industry could boost the prospects of the egg processing market in the coming years. In addition, the notable increase in the use of eggs in the bakery, dairy and confectionery sectors is another factor driving the growing demand for egg processing equipment and devices. This is expected to boost the egg processing market in the future, and one of the key factors expected to revitalize the Europe egg processing market is changing consumer preferences towards processed foods and increasing demand for high quality egg products. Due to growing demand, major players are focusing on launching high-end products, such as integrated assembly lines with higher production speeds and reduced operating costs. This is expected to have a positive impact on the growth of the egg processing market. Increasing demand for high protein foods and nutritional supplements is expected to drive growth of the Europe egg processing market during the forecast period. The Europe market for egg processing equipment is expected to drive shifts in consumer preferences for processed foods along with growing demand for high-quality egg products as a major driving force over the next six years.
Participants in the egg processing and equipment industry have embraced high-quality manufacturing standards and have been continuously involved in product development. Advances in technology, such as integrated assembly lines, which increase production speed and reduce operating costs, are expected to have a positive impact on market growth during the forecast period. As a result, the Europe egg processing market is expected to show solid growth over the forecast period. The growth of the regional market is largely driven by the changing lifestyles of people around the world. Rising urban populations, busy lifestyles, and the demand for healthy and convenient foods are also driving the consumption of processed eggs in other regions. Additionally, technological advancements make processed eggs more efficient and pasteurized to ensure safety, reduce the risk of contamination, and extend shelf life. Processed eggs do not need to manually break the shell and separate the various components of the egg. They are also used primarily in sports and bodybuilding as a high-quality protein source. The European egg processing market size is driven by growing consumer demand for practical, time-saving ingredients that aid in the preparation of confectionery and confectionery products. Developing new and innovative egg product manufacturing technologies that reduce raw material waste can create potential opportunities for key players in the Europe egg processing market.
Strict regulations from the FDA and other regulators on processed foods and egg proteins are expected to hamper the growth of the Europe egg processing market demand during the forecast period. The high initial investment cost of manufacturing and processing equipment is a major factor impeding the growth of the Europe egg processing industry.
The coronavirus (COVID-19) will have a great impact on the egg processing market in 2020. The COVID-19 outbreak has affected several aspects, such as the cancellation of flights, travel ban and quarantine, restaurant closure, all indoor events are limited, massive slowdown in the supply chain, the unpredictability of the stock market, business confidence declines, population fears rise and uncertainty about the future leads to a decline in the egg processing market.
Frozen and liquid products were the largest segment of egg processing products in 2019. Dry products are expected to show the highest growth rates in the coming years as the international market increases demand for egg protein and Functional Foods.
The European market is expected to show significant growth during the forecast period this growth may be due to an increase in the number of health-conscious people and a rising call for egg products in countries like the UK and Spain in the region. The market in this region is characterized by advances in extraction technology as health awareness among ordinary consumers increases. The Egg Processing market is expected to witness the highest growth rate in the region during the outlook period. Increasing demand for processed egg products coupled with increased consumer health awareness is estimated to drive market growth in the region during the calculated period. There is also considerable awareness among egg consumers about contaminated and dangerous eggs to contribute to the growth of the European market for egg processing.
Major Key Players in the Europe egg processing market are Moba B.V, OVO Tech, Pelbo S.P.A, Gruppo Eurovo, Glon Group, Actini Group, Sanovo Technology Group, Interovo Egg Group B.V , Igreca S.A, and Bouwhuis Enthovan
On October 24, 2018, Cal-Maine Foods, Inc. acquired Featherland Egg Farms Inc, which enabled the company to increase sales in several regions.
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