Global Processed Egg Market: Overview
The global processed egg market is expected to witness a robust growth during the forecast period of 2019 to 2027 owing to the shifting interest of people towards processed food coupled with rising demand for quality of egg products. Moreover, increasing demand for high protein foods is also expected to accelerate the demand for processed egg in future.. Furthermore, rising consumption of eggs in various cuisines around the world like egg tart and other bakery products, is also expected to boost the growth of global processed egg market from 2019 to 2027.
A report by Transparency Market Research provides essential insights about the global processed egg market for the forecast period of 2019 to 2027. The report covers facets such as recent trends, novel developments, opportunities, challenges in global processed egg market. These insights can help the players to have a crystal clear picture of the market and help them to take efficient decisions to have a sustainable future in global processed egg market.
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Global Processed Egg Market: Notable Developments and Competitive Analysis
Sensing potential for growth, new companies are foraying into the global processed eggs market, rendering a competitive landscape. Lucrative opportunities such as high revenue generation from food and beverages industry along with cost-effective processing techniques are attracting players to enter the global processed egg market.
To overcome tough competition and ensure sustainable future, players are adopting strategies helping them acquire necessary resources. Strategies like mergers and acquisition are few steps helping players have a sustainable future in the global processed egg market.
Some instances where players adopted these strategies for a better future in the market are mentioned below:
- On 24th October 2018, Cal-Maine Foods, Inc. announced that it has completed acquisition of all the assets fromFeatherland Egg Farms, Inc. Thisallowed Cal-Maine Foods, Inc. to enhance its egg production and processing capacity by 600,000 laying hens, feed mill, and distribution facilities along with egg processing facilities. The acquisition also allowed the company to boost sales in various parts of the U.S. including Texas.
- In June 2018, MOBA B.V. introduced its automated egg processing unit. It uses big data to process eggs depending upon the customer requirement of the customer. With this innovative development, the company now holds a strong position in global processed egg market.
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Global Processed Egg Market: Key Drivers
Growing Demand for Convenience Food
The growth of global processed egg market is majorly driven by the changing lifestyle of people across the globe. Today more people are preferring convenience food due to their benefits such as reduced contamination risks and enhanced shelf life. Additionally, processed egg also exclude manual shell braking and separating components as per the need. This saves time for people with busy schedules. As a result, the global processed egg market is expected to witness a robust growth during the forecast period.
Demand for High Nutrition Food in Sports Industry
Sportsmen need high protein diet. This is because they require high levels of energy to boost stamina and endurance. Egg white is a prominent protein sourceand hence sportspersons prefer including them in their diet. To cater to the rising demand from this segment, players of the global processed egg market are developing extracts with high concentration of egg proteins.
Global Processed Egg Market: Regional Outlook
As a result of rapid urbanization, changing lifestyle, and rising demand for processed egg in countries such as India and China, Asia-Pacific is expected to emerge as the fastest growing region in global processed egg market. The swift growth of the region in processed egg market is attributed to the rising awareness about egg’s health benefits such as better immunity, high nutritive value, and excellent source of pure protein.