Processing of eggs is done by two methods that include in-line and off-line processing. In-line processing occurs at the same place as the production facility. Off-line processing occurs separately from the production facility. Shifting consumer preference towards processed food coupled with increasing demand for high quality egg products are expected to remain the major driving factors for global egg processing & equipment market in the long run.
Increasing demand for high protein food and nutritional dietary supplements are anticipated to fuel egg processing & equipment market growth over the forecast period. Technological advancements such as integrated assembly lines with improved production rates and reduced operational costs are estimated to have a positive impact on market growth over the forecast period. Egg processing and equipment industry participants have been adopting high quality manufacturing standards and have been constantly involved in product development. Manufacturers are focusing on technologies that would egg products with minimal wastage. Major companies such as Sanovo Technology Group have introduced innovative pasteurizing equipments that minimize salmonella presence in egg products that causes food poisoning, thus creating more demand for these products.
Stringent regulations by FDA regarding functional foods and egg proteins are anticipated to restrain market growth over the next few years.
On the basis of products, egg processing market has been segmented into frozen, liquid and dried products. Frozen and liquid products were the largest egg processing product segments in 2013. Dried products are estimated to witness highest growth rates over the next few years on account of increasing demand for egg proteins and functional foods in international markets. On the basis of applications, global egg processing industry has been segmented into dairy, soups & sauces, baking, confectionary and ready to eat (RTE) products.
North America dominated the global egg processing and equipment market currently. The market in this region is characterized by advancements in extraction technologies coupled with growing health consciousness among average consumers. Egg processing & equipment market is expected to witness highest growth rates in Asia Pacific over the forecast period. Rising demand for processed egg products coupled with increasing health consciousness among the consumers is estimated to drive market growth in this region over the forecast period.
Major participants in the egg processing & Equipment market include Pelbo S.P.A, Moba b.v., Glon Group, Gruppo Eurovo, Sanovo Technology Group, Actini Group, Igreca S.A. Bouwhuis Enthovan, Interovo Egg Group B.V., OVO Tech and Pelbo S.P.A. Key egg processing equipment market participants are investing heavily to expand their businesses. These key players are also making large investments in the development of new equipments to maintain a competitive edge. These companies are entering into collaborations, agreements, joint ventures to gain market share.
In June 2016, Sanovo Technology Group signed its largest order. In June 2017 they are going to provide complete equipment for handling egg processing to a new plant in United States.
Research Support Specialist, USA