The global liquid egg market is expected to reach a valuation of USD 5,304 million in 2023, expanding at a healthy 6% CAGR over the forecast period. Liquid egg sales currently account for about 8.9% of the global egg market in terms of value.
Increased demand from the food & beverage sector owing to rising awareness regarding beg protein is a primary factor driving demand for liquid eggs. As a result, numerous players are incorporating liquid eggs in packaged foods and beverages to improve product quality and gain a competitive edge.
In emerging places like Asian countries, where traditional restrictions limited their sales, are becoming more and more in demand nowadays. Moreover, the growing consumption of eggs by sports persons with hectic schedules could be an important factor for market growth.
Attribute | Details |
---|---|
Liquid Egg Market Projected Size (2022A) | USD 5,095.3 million |
Liquid Egg Market Size (2023E) | USD 5,304 million |
Liquid Egg Market Projected Size (2033F) | USD 9,791.7 million |
Liquid Egg Market Value-based CAGR (2023 to 2033) | 6% |
Top 3 Countries' Share in the Liquid Egg Industry | 39.6% |
Pre-prepared microwaveable foods benefit from the silky texture of liquid eggs. Microwaveable frozen items, including eggs, thaw and freeze more quickly. Furthermore, liquid eggs bond and emulsify foods like salad dressings, sauces, dips, and mayonnaise. Driven by these factors, sales are expected to remain high over the forecast period.
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Market Statistics | Details |
---|---|
Jan-Jun (H1), 2021 (A) | 6% |
Jul-Dec (H2), 2021 (A) | 5% |
Jan-Jun (H1),2022 Projected (P) | 6% |
Jan-Jun (H1),2022 Outlook (O) | 5% |
Jul-Dec (H2), 2022 Outlook (O) | 5% |
Jul-Dec (H2), 2022 Projected (P) | 6% |
BPS Change : H1,2021 (O) - H1,2022 (P) | 5% |
%BPS Change : H1,2022 (O) - H1,2021 (A) | 5.4% |
BPS Change: H2, 2021 (O) - H2, 2022 (P) | 3% |
BPS Change: H2, 2022 (O) - H2, 2021 (A) | 4% |
Demand for liquid eggs is forecast to thrive at a 6% CAGR over the forecast period, in comparison to the 3.1% CAGR registered between 2018 and 2022. Based on the numbers obtained from previous market survey reports, the net valuation of the market was USD 4,509.6 million in the year 2018.
The egg processing market has experienced rapid expansion in recent years owing to rising demand for novel egg products. Consumers are using processed egg products such as pre-cooked fried eggs, pre-cooked scrambled eggs, omelets, French toast, quiches, and others, which is expected to boost sales.
The COVID-19 pandemic had a significant influence on the global economy, with businesses facing unforeseeable consequences. Sales in the food and beverage sector have plummeted due to disrupted supply chains.
Demand is projected to grow at a considerable pace over the forecast period. Creating growth prospects for players operating in the global liquid egg market over the forecast period.
Liquid whole eggs are an important component in personal care and cosmetics as they offer numerous skin benefits. Components of egg yolk oil have been deemed an important biochemical in the pharmaceutical and cosmetics industries.
Phospholipids and phosphatidylcholine make up the majority of the lipid in eggs. A phospholipid is used in pharmaceuticals, while phosphatidylcholine is utilized in cosmetics. Liquid egg components are increasingly adopted in shampoo manufacturing for improving the texture of the shampoo, as well as the hair.
Food and Beverage Manufacturers are Adopting Liquid Egg Whites in Packaged Food Products
As per FMI, expansion of the food and beverage sector in the United States is forecast to place the country as a lucrative pocket in North America over the assessment period.
The increasing application of hydrocolloids for managing the thickening and gelling capabilities in watery foods. Along with the growing popularity of the benefits of liquid eggs are key factors expected to boost the market over the forecast period.
Regional Markets | Global Market Share in Percentage |
---|---|
United States | 34% |
Germany | 15% |
Japan | 1.3% |
Australia | 1% |
Growing Demand for Cage-free Poultry Products May Drive Sales of Liquid Egg Products
New Zealand plans to phase out cage eggs by the end of 2022, while Australia has established a set of free-range egg production regulations. This is spurring the demand for liquid egg components in New Zealand and Australia.
Manufacturers in Oceania are switching to cage-free egg production in response to consumer objections to battery cages in poultry husbandry. Several restaurants have also expressed their support for the cause in the region. Among the firms that have vowed to go cage-free are Walmart, Sysco Foods, Sodexo Canada, and McDonald's.
Regional Markets | CAGR (2023 to 2033) |
---|---|
United Kingdom | 9% |
China | 8.9% |
India | 7.8% |
Consumers are Preferring Pasteurized Liquid Eggs in France
Sales of cage-free liquid eggs in France are expected to increase on the back of the regulations implemented that require the country to become cage-free by 2025.
As per FMI, demand in the France liquid egg market is projected to account for nearly 21.2% of the Europe market share over the forecast period. The increasing popularity of healthy diets and protein-rich processed foods made with high-quality liquid eggs are anticipated to drive the market over the forecast period.
Increasing Adoption of Liquid Egg Yolk in Packaged Food Products May Fuel Sales
Based on end-use applications, sales in the food and beverage sector are projected to increase at a 6.4% CAGR over the assessment period. Increasing demand and sales of packaged food products, along with a growing preference for nutritive ingredients in snacks, beverages, and ready-to-eat meals is likely to continue pushing sales in this segment.
Category | By Product Type |
---|---|
Top Segment | Whole Egg |
Market Share in Percentage | 31% |
Category | By Form |
---|---|
Top Segment | Frozen |
Market Share in Percentage | 45% |
Category | By Source |
---|---|
Top Segment | Conventional |
Market Share in Percentage | 59% |
Rising Awareness Regarding Liquid Egg Protein is Boosting Demand
In terms of product type, sales in the egg white segment are projected to increase at a 6.7% CAGR over the forecast period. Accounting for 38% of the total market share by 2032.
Increasing focus on having a balanced diet is spurring demand for high-protein animal-based products. In response to this, manufacturers are incorporating liquid egg whites in savory snacks, bakery goods, sauces, dressings, and pre-made meal mixes, which may continue driving sales in the market.
Manufacturers in the Food & Beverage are Preferring Organic Liquid Eggs
By source, sales in the organic segment are forecast to thrive at a robust 8.3% CAGR over the forecast period, finds FMI.
Organic food has grown in popularity around the world because it is produced in an agricultural system. It does not utilize hazardous pesticides, synthetic fertilizers, or genetically modified organisms (GMOs). As a result, organic products are regarded as high-quality and are considered to be better for both health and the environment.
Consumers are preferring organic food products due to the harmful effects associated with pesticides and insecticides. This is expected to boost sales of organic liquid eggs over the forecast period.
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Leading liquid egg companies are expanding their facilities and investing in egg processing technologies and equipment. Cargill Incorporated, for example, committed USD 20 million in 2018 to expand its Big Lake egg processing unit. To accommodate rising customer demand for a wider range of egg products.
Some players operating in the market are Nest Fresh Eggs Inc., and Cargill, Incorporated. Ovostar Union NV, Global Food Group BV, Rose Acre Farms, Ready Egg Products Ltd, Bumble Hole Foods Limited, NewburgEgg Corp., Rembrandt Enterprises, Inc., D Wise Ltd., Vanderpol’s Eggs Ltd., Eggland, and others.
Recent Developments by the Liquid Egg Producers and Suppliers
St. Ewe's, which is a Cornish egg producer, introduced a product line of bottled egg whites into Morrison’s supermarkets throughout the country in July 2021. The company claims these Super Egg Whites are 100 percent pasteurized free-range egg whites with 11 grams of protein per 100 milliliters. Moreover, the product is getting quite popular among consumers for gluten or cholesterol-free and fat-free content.
Cal-Maine Foods Inc. made a wise investment in a brand-new producer of egg products in October 2021 located in Neosho, Missouri. Its first emphasis is on product lines for hard-cooked and long-lasting eggs.
IsoNova Technologies's egg processing facility, which was a component of Symrise's Flavor and Nutrition business, was purchased by Michael Foods Company in October 2021. The ownership stake in Opal Foods Company held by AGR Partners was acquired by Rose Acre Farms and Weaver Eggs in October 2020.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD million or billion for Value and Metric Ton for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, and South Africa. |
Key Segments Covered | Product Type, Form, Source, End-use Application, Sales Channel, and Region |
Key Companies Profiled | Nest Fresh Eggs Inc.; Cargill, Incorporated.; Ovostar Union NV; Global Food Group BV; Rose Acre Farms; Ready Egg Products Ltd; Bumble Hole Foods Limited; NewburgEgg Corp.; Rembrandt Enterprises, Inc.; D Wise Ltd.; Vanderpol’s Eggs Ltd.; Eggland |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The market is estimated to expand at a 6% CAGR through 2033.
The food and beverage sector is estimated to increase at a CAGR of 6.4%.
The market is estimated to reach USD 9,791.7 by 2033.
Cargill, Incorporated, Rose Acre Farms, and Eggland are the leading market players in the market.
Increasing consumption of egg and egg products across the globe is influencing market growth.
Estimated Market Size (2024E) | USD 14.1 billion |
---|---|
Projected Market Value (2034F) | USD 28.6 billion |
Value-based CAGR (2024 to 2034) | 7.3% |
Market Size (2023E) | USD 14,919 million |
---|---|
Market Projected Size (2033F) | USD 45,064.5 million |
Value CAGR (2023 to 2033) | 12% |
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