Industry Outlook

Eggs are considered as one of the most gifted food items after milk and tagged as complete food packed with several essential macro and micro-nutrients. Egg has been a part of human diet from hundreds of years and the demand for eggs continues to grow perpetually with the growth in global population. Eggs are used as the main ingredient in several food preparations both in residential as well commercial platforms. Commercial food industries need to process millions of eggs per day and the task cannot be performed efficiently without using machines & equipment. Growing food processing industry and continuously rising demand for eggs certainly encouraged the demand for egg processing equipment. Consequently, egg processing equipment market registered market value of US$ 561.7 Mn in 2020 and expected to reach US$ 775.4 Mn by 2029 growing with a growth rate of 3.6% throughout the forecast period from 2021 to 2029.

"Standalone Equipment Holds an Upper Hand Over Assembly of Egg Processing Equipment"

A number of egg processing equipment in the form of standalone and assemblies are available for egg processing depending upon the capacity and nature of end-product required. End-use industry can easily procure a single equipment or can customize the assembly required with a turnkey alternative always at disposal. Standalone egg processing equipment is further classified into loader, washer, accumulator, breaker, pasteurizer, spray dryer, boiler ar, and several other equipment. These equipment are procured individually according to the need and capacity and ensure less procurement cost instead of incorporating complete assembly. According to assembly, the equipment is classified on the basis of egg processing capacity. The assemblies are classified as up to 70,000 eggs/Hr, from 70,001 to 200,000 eggs/Hr and above 200,000 eggs/Hr. In 2020, standalone egg processing equipment leads the equipment type segment in terms of market value. Standalone equipment projected to retain their dominance over the market throughout the forecast period from 2021 to 2029.

"Flourishing Food Processing Industry Stimulating the Egg Processing Equipment Growth"

Food processing industry made some radical development in past few years and the progression expected to run a long way in future. Egg is a vital element in food group, it is used extensively across several delicacies and an important component of processed food. Millions of eggs are processed by food processing industry each day and hence the industry claims the majority of market share in egg processing equipment market. The segment is closely followed by bakery & confectionery industry in terms of market value. Bakery products are relished worldwide on a considerable scale and egg processing is an essential part of the bakery & confectionaries industry. In order to produce large batches of eggs, the industry extensively depends upon egg processing equipment. Therefore, bakery & confectionery industry also contribute major share along with food processing industry in overall egg processing equipment market.

"Asia Pacific Hold the Key to Become Market Leader in Coming Years Owing to its Vast Population"

North America currently holds the title of the most dominating region in global egg processing equipment market in terms of market value. In 2019, the U.S. produced more than 101.95 Bn eggs and citizens here love to start their day with eggs in some form. This helped the region to register majority of market share in egg processing equipment market. However, presence of number of agricultural countries and vast population expected to help Asia Pacific to emerge as the new egg processing equipment market leader in coming years. Countries such as China, India, Japan, and Indonesia together contribute more than 65% of the global egg production and continuous proliferation in population stimulating the demand for more eggs and egg products. Consequently, the demand for egg processing equipment experiencing continuous rise from past few years and projected to grow in multiples throughout and beyond the forecast period.

"Big Players Face Tough Competition from Local Manufacturers for Market Share"

Egg processing equipment market is quite fragmented characterized by a number of local as well as international manufacturers. Company faces great many challenges to establish their presence in mature markets of North America and Europe. Manufacturers are shifting their focus on the developing regions of Asia Pacific and Latin America. In addition, the companies are concentrating on product development by introducing new features to their existing product line. The research study include business strategies and current progress of few of the most prominent players in egg processing equipment market includes Sanovo Technology Group, Actinit Group, OVO Tech, OVOBEL, PELBO S.p.A., Moba Group, Bouwhuis Enthoven BV, Dion Engineering, Midwest BRD, Inc., Ovoconcept, and ZenYer Egg Machinery Co., Ltd. among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Egg Processing Equipment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Egg Processing Equipment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Egg Processing Equipment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Egg Processing Equipment market?
• Which is the largest regional market for Egg Processing Equipment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Egg Processing Equipment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Egg Processing Equipment market worldwide?