Increase in population along with the
increase in the number of applications for egg and egg products has boosted the
level of market growth of this sector. The convenience and ease of preparation
has increased the popularity level of these products. The convenience level of
production has increased the production levels of the products which has
attracted favorable investor interest in the market. Development of varieties
of eggs and egg products will fuel the onward expansion of the sector.
Industry Segments:
The market for eggs and egg products is
initially segmented on the basis of form which comprises of dried, liquid, others.
Egg and egg products in dried form is found to have a major share due to high
application in various industries and easy storage properties. Furthermore, on
the basis of product-type the types include egg yolk, egg white, whole egg and
others. Whole egg holds a huge share among this product type. Applications of
egg and egg products includes food such as ready-to-eat meals, confectionery,
bakery, dips & sauces, dairy products, horeca and non-food items like
personal care, animal feed, medicines & vaccines among others. However,
food based uses govern the share among the various applications of egg and egg
products owing to increasing consumers demand for ready-to-eat meals and bakery
products.
Detailed Regional Analysis:
The global market for egg and egg
products includes regions such as North America, Europe, Asia Pacific, and Rest
of the World (RoW). North America is estimated to be the major market for egg
and egg products succeeded by Europe. Improved production of egg and egg
products in U.S. is projected to generate a high revenue from North America
during the given forecast period. Shifting consumer preferences for healthy and
high nutritional value foods will support the sale of egg and egg products in
various region during the forecast period. The chief importers of egg and egg
products include France, Hong Kong, U.K., Singapore and U.S. The higher demand
for functional food products and nutraceuticals has led to the import and
export of egg and egg products in the urbanized countries at a steadily rising
rate.
Global Competitive Analysis:
The industry players in the segment are
effectively utilizing their primary resources to initiate long lasting growth
changes. A trend of volume-driven growth has been observed in the market of
late with the development of different varieties of product types. The sector
is undergoing considerable transformation which has accelerated the growth pace
of the sector. The best long-term growth opportunities for this sector can be
harnessed by ensuring ongoing process improvements and maintaining financial
flexibility to invest in the optimal strategies. Conversely, with companies
aiming to capture a considerable share of the market segment as early as
possible, experimentation with various advantage points is being seriously
considered and implemented.
Industry Updates:
Jan 2018 Ovostar Union which is an
agricultural group of companies and also a chief shell egg and egg goods
producer in Ukraine has produced 1.659 billion eggs in 2017, 12% more than in
2016. According to a company report, the sales volume of eggs went up by 13% to
1.195 billion eggs, out of which the volume of eggs exported amounted to 529
million eggs, a 72% upsurge from 307 million eggs.
Complete Report Details @ https://www.marketresearchfuture.com/reports/egg-products-market-3859
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