The global Egg Products Market Share is profiled in detail in the latest market research report from Market Research Future (MRFR). The global egg and egg products market is expected to exhibit a steady growth in demand over the forecast period from 2018 to 2023 due to the growing demand for eggs for direct dietary consumption as well as in other food and beverage products. The growing demand for eggs in other industries such as animal feed and nutraceuticals is also likely to be a key driver for the global egg and egg products market over the forecast period.

Eggs are among the oldest foods known to man and are full of protein and other beneficial minerals. This has made them popular for direct consumption all over the world and is likely to remain the leading driver for the egg and egg products market over the forecast period, as direct human consumption of eggs remains the major demand channel for the global egg and egg products market. Growing awareness about the health benefits has led to a renewed interest in eggs in recent years, leading to steady growth of the egg and egg products market. However, the growing body of evidence linking overconsumption of eggs with the development of heart diseases is likely to deter buyers from consuming eggs in large quantities. The increasingly influential geriatric population is likely to refrain from eggs, as they increase their already high risk of contracting cardiovascular diseases.

The growing demand from the global egg and egg products market is not limited to direct human consumption but is also spread out over the cosmetics and animal feed industries. Cosmetic products make use of egg products to achieve a smooth consistency. Certain ingredients in eggs are also considered to be beneficial to the skin and hair, leading to growing demand from the cosmetics industry. Meanwhile, the growing animal products industry is also likely to drive the demand for egg and egg products in animal feed over the forecast period.

On the other hand, the growing popularity of the veganism movement is likely to restrain the global egg and egg products market over the forecast period. With many industries looking to cater to the increasing vegan population, the demand for alternatives to egg products could rise over the forecast period, especially in the cosmetics industry.

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Competitive Analysis:

Leading players in the global egg and egg products market include Tyson Foods Inc., Noble Foods Ltd., Godrej Agrovet Ltd., Global Egg Corporation, Cal-Maine Foods Inc., Barry Farms, and Land O’Lakes Inc.

In March 2019, cosmetics manufacturer Lush announced its intentions to remove eggs from its ingredients due to its growing number of vegan customers. Such measures could hurt the egg and egg products market over the forecast period.

Segmentation:

The global egg and egg products market is segmented on the basis of type, form, application, and region.

By type, the egg and egg products market is segmented into egg yolk, egg whites, whole eggs, and others. Whole eggs account for the largest share in the global egg and egg products market and are likely to remain in the lead over the forecast period due to the growing demand for dietary consumption of the same.

By form, the global egg and egg products market is segmented into dried, liquid, and others. Dried egg products hold the dominant share in the egg and egg products market due to their ease of storage and transportation.

By application, the global egg and egg products market is segmented into food and non-food applications, with the food applications dominating the global market. The growing demand for egg products as well as bakery products, in which eggs are a key component, is likely to be a major driver for the egg and egg products market over the forecast period.

Regional Analysis:

North America is likely to dominate the global egg and egg products market over the forecast period, followed by Europe, due to the widespread popularity of egg products as breakfast and snack items. Direct human consumption of eggs is likely to remain by far the most dominant segment of the egg and egg products market in North America and Europe, as the growing veganism movement in these regions has led to reduced prospects for the egg and egg products market in non-food applications.