Egg products have been an essential part of many cuisines
around the world, citing population rise the demand for egg and egg products
has also increased significantly. Market Research Future, a firm which
specializes in market reports related to the Food and Beverage sector among
others, recently published a report on this market. The industry is expected to
expand with a CAGR of 4.5% during the forecast period.
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.
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.
The important players outlined in this particular market are
Tyson Foods, Inc. (U.S.), Land O'Lakes, Inc. (U.S.), Noble Foods Ltd. (U.K.),
Barry Farms (U.S.), Godrej Agrovet Ltd (India) to name a few.
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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