Originally published on Technavio:Egg Processing Equipment Market Analysis Across North America, Europe, APAC, South America, Middle East, and Africa - US, Canada, China, Japan, France - Size and Forecast 2023-2027

Forecast for Egg Processing Equipment Market 2023-2027
The Egg Processing Equipment Market is projected to witness a growth of USD 95.85 million from 2022 to 2027, with the market’s momentum accelerating at a CAGR of 3.32%. The market's expansion hinges on various factors such as reduced contamination risk, the egg's versatile applications across industries, and government support driving increased egg production.

The report includes an extensive analysis of drivers, trends, and challenges, along with historic market data from 2017 to 2021.

Technavio’s Exclusive Market Customer Landscape
Our analysis of the market lifecycle indicates a transition from the innovator's stage to the laggard's stage. The report outlines the market's lifecycle, focusing on adoption rates in major countries including the US, Canada, China, Japan, and France. Technavio has included key purchase criteria, adoption rates, lifecycles, and drivers of price sensitivity to assist companies in evaluating and developing growth strategies from 2022 to 2027.

Egg Processing Equipment Market Share by Geography

Global Market Customer Landscape
Innovative features and user interfaces are driving market growth, although factors such as the growing demand for vegan food may impede it. Our analysis, based on 2022 as the base year, identifies key drivers, trends, and challenges, providing companies with insights to refine their marketing strategies for a competitive edge.

Key Driver

The market growth is primarily propelled by the egg's wide range of applications across various industries. Eggs offer functional properties including emulsification, foaming, binding, coagulation, and prevention of crystallization. They enhance food products' richness, flavor, texture, volume, and serve as an excellent protein source. Eggs' superior foaming properties make them ideal for cakes, meringues, omelets, and soufflés. The emulsification property facilitates the preparation of salad dressings, mayonnaise, and cream puffs. Additionally, eggs control crystallization in confectioneries, ensuring a smooth texture, thus fueling market growth.

Significant Trend

High demand for egg processing equipment stems from the egg's nutritional value and the integration of innovative technologies, enhancing efficiency and production speed. Companies are leveraging innovative technologies such as shockwave technology and infusion to improve efficiency. Shockwave technology applies direct heat to liquid products, inducing controlled cavitation when liquid egg products pass through. This microscopic cavitation bubbles provide energy, enabling perfect homogenization and reducing the need for tubular heat exchangers.

Major Challenge

The shift in consumer preferences towards vegan food products poses a significant challenge to market growth. Veganism is gaining traction globally, characterized by abstaining from animal products such as eggs, meat, dairy, and other derivatives. Eggs, high in fat, cholesterol, and calories, are associated with various health concerns. Increased availability of vegan substitutes may restrict egg product demand, impacting market growth during the forecast period.

Who Are the Major Egg Processing Equipment Market Companies?
Companies are adopting diverse strategies including strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches to strengthen their market presence.

The report offers clients a comprehensive understanding of the market and its players through qualitative and quantitative analysis, categorizing vendors based on their business approach (pure-play, category-focused, industry-focused, diversified) and their dominance in the market.

Market Segmentation by Product and Geography
Product Segment Analysis:
The liquid egg product segment is anticipated to witness significant growth during the forecast period, showing gradual market share increase from USD 212.55 million in 2017 to continued growth by 2021. Liquid egg products, including whites, yolks, and blends, find extensive use in various food service establishments and as ingredients in confectioneries, cakes, mayonnaise, desserts, and more.

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North America is expected to contribute 34% to global market growth during the forecast period. Technavio analysts elaborate on regional trends and drivers shaping the market, particularly in the US, one of the largest egg-producing nations, driving market expansion with increased production and processing plants.

Egg Processing Equipment Market Share by Geography

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The report forecasts market revenue growth at global, regional, and country levels, analyzing market growth, trends, and opportunities from 2017 to 2027.

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Technavio Research

Jesse Maida

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