The global egg and egg products market size was valued at USD 25.1 billion in 2022 and is expected to grow at a significant CAGR of 7.2% during the forecast period 2022-28. Humans may easily consume egg products made from various components and combinations of eggs. In most cases, chemicals or other food products are used to supplement egg products on the market. The global egg & egg product market is expected to increase significantly in the next years, with rising countries providing fertile ground for development due to high egg production and consumption per capita.
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The egg and egg products market segmentation:
1) By Product Type: Table Eggs (Branded Eggs), Egg Powders, Bakery Mix, Liquid Egg, Frozen Egg, Dried Egg, Specialty Eggs, Others.
2) By Application: Foods, Cosmetics, Animal Feed & Pet Food, Medicines & Vaccines.
Some of the main reasons projected to fuel growth of the worldwide egg & egg products market include a shift in inclination toward adopting a healthy lifestyle and an increase in the use of egg & egg products in skincare products due to anti-aging qualities. Furthermore, the increasing demand for food and dairy items, as well as the range of egg options available in the market, are expected to enhance the target market’s growth. Furthermore, egg & egg products are widely employed in a variety of applications, including culinary preparations and the production of vaccinations. These are some of the key aspects that are expected to have a substantial impact on worldwide market growth. More research and development operations to develop goods with longer shelf lives, as well as increased nutraceutical applications of eggs and egg products, are likely to provide new revenue potential for worldwide market players in the coming years. Furthermore, the introduction of rules to ensure egg safety is driving big firms to invest in chicken farming and egg-based product plans and schemes.
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The egg and egg products market research report gives a comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific was the largest region in the egg and egg products market report, accounting for the highest share in 2021. It was followed by North America, and then the other regions.
The egg and egg products market key players are Barry Farms, Pilgrim’s Pride Corporation, Global Eggs Corporation, Rose Acre Farms, Inc., Keggfarms Pvt. Ltd., Land O’Lakes, Inc., Noble Foods Ltd, Hy-Line International, Michael Foods, Inc., Cal-Maine Foods, Inc.
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