Processed Egg Market is projected to reach USD 30.25 billion by 2021 owing to Higher Consumption Rate
Hyderabad, Telangana -- (SBWIRE) -- 01/05/2018 -- The report "Processed Egg Market By Product Type (Dried, Liquid, Frozen), Application (Bakery, Confectionery, Dairy Products, Ready-to-Eat, Soups And Sauces, And Others), And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecasts (2016 To 2021)"
Global Egg Processing market is anticipated to reach 30.25 billion by 2021 with a Compound Annual Growth Rate of 3.60% from the current 23.35 billion in 2016
Processing of egg is done in different stages. First removing the egg shells and then processing the obtained liquid which is suitable for consumption in various food items. The following steps are used in egg processing are removing the shells, filtration, mixing, and blending, stabilizing, pasteurizing, freezing or drying and packaging. The processing is done in two ways one is inline processing and offline processing. Inline processing means processing the egg products is done with in the product facility and offline processing is egg processing facility is situated elsewhere from the production facility
Increasing consciousness among consumers about the health benefits coupled with increase in the urban population and busy life styles drive the market for processed egg. Higher rate of consumption of Eggs by various class of people such as children, body builders and athletes because of its protein rich contents and ease of availability. Processed egg market find its roots in various industries such as conventional and processed food industries. With an increase in the number of imports and exports of processed egg products the market is showcasing evident potential.
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Global Processed Egg Marker is segmented into product and application. Bakery is the largest application segment accounting for promising share in 2017
On the basis of product type it is further classified into dried, liquid and frozen. Based on application the market is also segmented into Bakery, Ready-to-Eat, Soups and Sauces, Confectionery, Dairy Products and others applications. The demand for Egg processing is increased in different countries owing to an increase in technological advancements coupled with increasing disposable incomes of the people.
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According to the geographical analysis, Processed Egg market is categorized into various regions namely North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of the market owing to established processed food industry whereas Asia Pacific is the fastest growing region with an increase in demand for egg products in developing countries such as China and India.
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The Prominent companies operating in the Processed Egg market include Cal-Maine Foods, Inc, Daybreak Foods, vril SCA, Cal-Maine Foods Inc., Dr. Oetker and Actini Group. Eurovo S.R.L., Sanovo Technology Group, Rose Acre Farms, Rembrandt Enterprises and Moba B.V.Pulviver.
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