Europe Processed Eggs Market Size Set to Reach USD 11.41 Billion by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe processed eggs market size at USD 9.19 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe processed eggs market size to grow at a CAGR of 3.68% reaching a value of USD 11.41 billion by 2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Europe processed eggs market size at USD 9.19 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Europe processed eggs market size to grow at a CAGR of 3.68% reaching a value of USD 11.41 billion by 2029. The growth of Europe processed egg market is primarily fueled by the extended shelf life of processed egg products, advancements in egg processing equipment, a rising demand for processed eggs as a high-quality protein source in sports and bodybuilding, and increased consumer awareness about health and nutrition. The convenience, ease of use, and improved storage capabilities of processed eggs have resulted in a reduced risk of contamination. Moreover, the market is expected to benefit from ongoing research and development activities and an increasing demand from emerging markets throughout the projected period.
Opportunity: Increasing demand for bakery and confectionery products
Processed eggs play a crucial role in the bakery and confectionery industry, as they provide essential functionalities, such as structure, texture, and moisture. They are used in a wide range of products, including cakes, pastries, cookies, muffins, and desserts. The growing demand for bakery and confectionery products in Europe is driving the need for processed eggs as a key ingredient, fueling the growth of Europe processed eggs market. Processed egg products offer convenience and efficiency to bakeries and confectioneries. Instead of cracking and separating whole eggs, using processed egg products, such as liquid eggs or egg powders, simplifies the production process and saves time. This convenience factor is highly valued by manufacturers, especially in a fast-paced and demanding industry.
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Segmental Information
Europe Processed Eggs Market - By Application
Based on application, Europe processed eggs market is divided into bakery, dairy products, confectionery, ready-to eat, nutritional supplement, and other segments. The bakery segment is expected to grow at the highest CAGR during the forecast period. European consumers have a strong affinity for bakery products. There is a growing demand for a wide variety of bread, pastries, and cakes, including traditional and artisanal options. Consumers seek convenience, taste, quality, and innovative products, driving the need for processed egg ingredients in the bakery industry. Processed eggs offer versatility and functionality in bakery applications. Eggs contribute to the structure, texture, moisture retention, and leavening properties of baked goods.
Impact of COVID-19 on Europe Processed Eggs Market
The COVID-19 pandemic had a significant impact on the processed egg market in Europe, primarily due to disruptions in the supply chain. The pandemic caused restrictions on transportation, labor shortages, and border closures, which affected the availability of raw materials and ingredients for processed egg products. These disruptions posed challenges in sourcing and production, leading to potential supply shortages and increased prices. Additionally, during the lockdowns and social distancing measures, there was a surge in demand for essential food items, including processed eggs. Consumers sought long-lasting and versatile food products and stocked up on items, leading to increased sales of processed egg products.
Competitive Landscape
The Europe processed eggs market is fragmented, with numerous players serving the market. The key players dominating the Europe processed eggs market include ACTINI GROUP, Avril Group, Cal-Maine Foods, Inc., MOBA, EPS S.P.A., IGRECA, Interovo Egg Group BV, PELBO SPA, and Bouwhuis Enthoven BV. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.
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