Egg is a most nutritious foods that contain
several minerals and vitamins that are essential parts of a healthful diet. It
is a readily available, inexpensive food. It is available in different forms
including concentrated, crystallized, solid, frozen, liquid, and deep-frozen.
It plays an important role in various branches of modern food industry,
especially in baking, as their particular chemical makeup acts as a glue in
several important baking reactions. It provides a number of health benefits
like strong muscles, lower risk of heart diseases, healthy in pregnancy, energy
production, brain health, skin health, weight loss & maintenance and others.
Egg is also a source of vitamins A, B, E, and K. Additionally, egg white and
yolk are both rich sources of protein. About 12.6% of the edible part of an egg
is protein.
According to study, “Egg
Global Market Report 2019” the key companies operating in the global
egg market are Alltech Biotechnology Inc., Global Egg Corporation, Barry Farms,
Michael Foods Inc., Eggland's Best Inc., Cal-Maine Foods Inc., Pilgrim's Pride
Corp., Egg Industries, Hyline International, Godrej Agrovet Ltd, Noble Foods
Ltd, Land O' Lakes Inc., Suguna Poultry, Rose Acre Farms, Venkys India Ltd.,
SKM Egg Products, Selasih Aman Sdn Bhd, Tree of Life Organics, Taj Agro
Products, Tyson Foods Inc. The key companies in the market are mainly focusing
towards geographical expansion, product innovation, and new product launches to
maintain their prominence in the global arena.
Based on product type, egg market is segmented
into liquid egg, egg powders, table eggs (branded eggs), bakery mix, dried egg,
frozen egg, specialty eggs and others. Liquid egg is further sub-segmented into
egg yolk, whole egg, and egg white. These products are produced & processed
from raw eggs. In addition, based on application, market is segmented into
cosmetics, medicines & vaccines, animal feed & pet food, foods and
others. Foods include sauces, bakery, confectionery, beverages, dairy,
nutraceuticals, meal replacements, prepared foods and others.
The egg market is driven by growth in base of
the middle class population, followed by increase in per capita consumption of
eggs, growth in popularity of egg-based products, increase in demand for
processed & protein-rich food among consumers and rise in purchasing power
of people. However, increase in population of vegan and rise in occurrence of
bird flu or avian influenza may impact the market. Moreover, large-scale
availability of various egg products is a key opportunity for market.
Furthermore, rise in advent of new technologies for processing egg products is
a major trend for market.
Based on geography, the Asian-Pacific region
holds major share in global egg market owing to increase in number of
health-conscious consumers in the region. Whereas, the European and
Asian-Pacific regions are estimated to witness higher growth rate due to high
consumption of egg products as a convenient breakfast food over the forecast
period. In upcoming years, it is expected that future of the market will be
optimistic as a result of growth in advancements in food processing industry
during the forecast period.
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