Increasing processed food demand coupled with rising preference for high quality egg products are expected to drive the global egg processing & equipment market over the forecast period. Rising demand for protein rich food and dietary supplements are projected to have positive effect on market growth over next six years. Leading companies are adopting advanced technology such as integrated assembly lines to reduce operation costs and enhance efficiency in compliance with strict manufacturing standards for product development. On the basis of products, egg processing & equipment market is classified into liquid, frozen and dried products. Dried egg products are anticipated to witness highest growth rates over the forecast period while liquid and frozen egg products enjoyed the lion’s share in global market in 2013.
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In terms of regional demand, North America was the leading consumer in 2013 and is expected to witness above average growth rate owing to rising demand for processed egg products. Asia Pacific is projected to register rapid growth rates over the forecast period owing to shifting consumer preference to processed food in emerging economies such as India and China. This may be further supported by flourishing food & beverage industry and increasing disposable income among general consumers in countries such as Singapore, Malaysia, India and Thailand.
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Major companies in global egg processing & equipment market are adopting strategies such as expansions, agreements, new product launches, partnerships, joint ventures, and acquisitions to expand their market share and to sustain competition. Eggland’s Best, Inc. and Land O’ Lakes, Inc., entered into a joint venture agreement to produce and market branded speciality eggs and other processed ingredients. Major players in egg processing & equipment market include Moba b.v., Pelbo S.p.A, Gruppo Eurovo, Glon Group, Actini Group, Sanovo Technology Group and Igreca SA.
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