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The egg processing equipment market size is forecast to increase by USD 60.1 million, at a CAGR of 2.09% between 2023 and 2028.
The market is seeing impressive growth, driven by several key factors. A major trend propelling this growth is the reduced risk of contamination, as advanced technologies are being implemented to enhance food safety and hygiene. Additionally, the influx of innovative technologies is boosting efficiency and accelerating production times.
Furthermore, consumer preferences are clearly shifting towards vegan food products, which is creating demand for alternative egg processing equipment. These trends are shaping the future of the market and are expected to continue influencing its growth trajectory.
The egg processing equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Liquid egg products, including egg whites, egg yolks, and blends, are gaining popularity In the food service industry due to their versatility in various applications, such as confectioneries, cakes, mayonnaise, desserts, ice cream, puddings, and meringues. These products have a standard shelf life of 2-6 days, which can be extended through ultra-pasteurization and aseptic packaging. Salt and sugar are commonly added during processing to enhance preservation and maintain moisture levels, respectively. Automation, refrigeration, and robotics are essential In the egg processing industry to ensure efficient production and consistent quality. For instance, palletizers and depalletizers streamline the loading and unloading process, while pasteurizers and homogenizers ensure uniform heating and blending of egg products.
The rise of veganism, plant-based lifestyles, and concerns about animal cruelty are influencing the demand for alternative egg products. As a result, companies are investing in research and development to create plant-based alternatives that mimic the taste, texture, and functionality of traditional egg products. Millennials and Gen Z consumers are driving the market for liquid egg products due to their preference for convenience and the growing popularity of food service establishments. The market is expected to grow steadily, with key trends including the integration of advanced technologies, such as automation and robotics, to improve efficiency and reduce labor costs.
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The liquid egg products segment was valued at USD 218.50 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the US and Mexico is driven by the expansion of egg production and the rise In the number of processing plants. With countries like the US, Canada, and Mexico being among the largest egg-producing nations globally, the demand for advanced automation technologies in egg processing is increasing. These technologies are utilized In the production of ready-to-eat meals, bakery snacks, and confectioneries, among other food products. In the US, states such as Iowa, Ohio, Indiana, Pennsylvania, Texas, and Georgia are significant contributors to egg production. In Mexico, major egg-producing regions include Torreon, Campeche, Veracruz, Guanajuato, and Yucatan. The health consciousness trend and the food service industry's growing reliance on egg products further fuel market growth.
Our egg processing equipment market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Reduced risk of contamination is the key driver of the market.
The influx of innovative technologies resulting in higher efficiency and faster production time is the upcoming market trend.
Shifting consumer preferences toward vegan food products is a key challenge affecting the industry's growth.
The egg processing equipment market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the egg processing equipment market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, egg processing equipment market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market has witnessed significant growth and transformation over the past few decades. This dynamic market is driven by various factors, including changing consumer preferences, advancements in technology, and the increasing demand for sustainable and ethical food production. Amino acids, vitamins, and minerals are essential nutrients found in eggs, making them a popular choice for consumers seeking nutritious food options. Egg processing machines play a crucial role in converting raw eggs into various forms, such as liquid, frozen, dried, and powdered eggs, catering to diverse industries, including poultry, confectioneries, bakeries, and food service. Poultry farming remains a significant contributor to the egg processing industry. However, the industry is not limited to poultry alone. Innovative solutions have emerged, utilizing resources like leftover fish, seashells, sunflower cakes, and even maize and soybeans to produce alternative egg products. These plant-based and sustainable options cater to the growing demand for ethical and environmentally friendly food choices.
Further, automation and robotics have revolutionized the egg processing industry, with advanced technologies like palletizers and depalletizers, pasteurizers, homogenizers, and automation systems streamlining production processes and enhancing product quality. These technologies also help improve biosecurity, ensuring the production of safe and hygienic egg products. Consumer trends, such as veganism, plant-based lifestyles, and health consciousness, have influenced the egg processing industry. As a result, egg processing companies have responded by introducing allergy-friendly solutions, low-cholesterol options, and high-protein varieties. Additionally, functional egg products have gained popularity, offering nutritional benefits beyond basic protein. The food service industry, including restaurants and bakeries, is a significant consumer of egg products. Convenience food and ready-to-eat meals have become increasingly popular, driving the demand for egg products In these sectors. Sustainable nutrition and health consciousness have also influenced the market, with consumers seeking out egg products that cater to their specific dietary needs and ethical considerations.
Egg Processing Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.09% |
Market Growth 2024-2028 |
USD 60.1 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.03 |
Key countries |
US, China, France, Canada, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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