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(Publishing-NewsWire.com, November 25, 2021 ) Europe Processed Egg Market size is estimated to reach $6,550 million by 2026, growing at a CAGR of 3.7% over 2021-2026. Egg processing is done by eliminating eggshells and processed the liquid product for consumption in various food products. There are various steps for the processing of eggs such as removal of shells, filtration, mixing, blending, stabilizing, freezing and packaging, and these egg variants which contain added ingredients such as preservatives or colors. Processed eggs are used in a variety of food products such as baked foods, dairy, confectionery, and many more. It has various functional properties such as freshness enhancers, long shelf-life and easy transportation required. Processed Eggs are available in various forms such as liquid egg, frozen egg, and dried egg. Growing awareness about the health among people and rising technological advancement in the field of food and beverage industry is the major factor driving the growth of Europe Processed Egg Market. Furthermore, growing research and development activities in food and beverage industry and rising trends in sports activities increases the demand of processed egg products which is set to further enhance the overall market demand for Europe Processed Egg Market for the period 2021-2026.
Europe Processed Egg Segment Analysis – By Type
The Europe Processed Egg Market based on Type can be further segmented into Liquid Eggs, Powdered Eggs, and Frozen Eggs. The Liquid Eggs segment is the major segment generating revenue in 2020. This is mainly owing to its convenient use and is packed hygienically that rising the adoption of liquid eggs among consumers. Moreover, liquid eggs does not contain fat, cholesterol, and calories that also increasing the consumption of liquid egg among consumers. The Powdered Egg segment is estimated to register the fastest CAGR of 4.1% for the period 2021-2026. This is mainly owing to its longer shelf life, less storage space and cheap price that rising the demand of powdered egg among people. Moreover, powdered egg are rich in calcium, calories and protein that increases the use of powdered egg in various food products which rising the intake of powdered egg and thus boosting the growth of Europe Processed Egg Market.
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Europe Processed Egg Segment Analysis – By Application
The Europe Processed Egg Market based on Application can be further segmented into Dairy Products, Bakery, Confectionery, Nutritional Supplements, Snacks and Others. The Bakery segment registers for the highest Europe Processed Egg market share in 2020. Processed eggs are mostly used in making baking products such as cakes as it helps baking products to increase the shelf life that helps to stay at longer time. Moreover, owing to rising demand of baked goods, various manufacturers are using processed eggs to manufacture baked products that increases the production and are driving the growth of Bakery segment. The Dairy Products segment is forecasted to register the fastest CAGR of 5.5% over 2021-2026. This is mainly owing to the fact that dairy products contains more protein that rising the consumption among consumers and are thus propelling the growth of Europe Processed Egg Market.
Europe Processed Egg Segment Analysis – By Country
Germany dominated the Europe Processed Egg Market with major share of 45% in 2020. This is owing to changing dietary patterns among consumers that increases the demand of processed eggs. Moreover, rising improvement in technology increases the consumption of processed eggs which in turn driving the market growth. In Germany, the consumption of egg is more which increases the production of processed egg in Germany and are boosting the growth of Europe Processed Egg Market.
However, Italy is estimated to outpace all the regions by clocking the highest CAGR of 3.05% during the forecast period 2021-2026 owing to rising health consciousness among population and changing lifestyle. So, people are adopting more processed egg that are further enhancing the market growth.
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Europe Processed Egg Market Drivers
Growing Awareness about the Health
Growing health consciousness among people increases the consumption of nutritious food products that contains eggs is a significant factor that driving the growth of Europe Processed Egg Market. Moreover, trends of sports activities increases the need of heathy foods among consumers and processed eggs are used as a source of high quality protein in sports or bodybuilding which rising the use of processed egg in various food products that increases the consumption and therefore rising the growth of the Europe Processed Egg Market over the period 2021-2026.
Rising Advancement in Technology
Increasing advancement in technology in the field of food and beverage industry is a major factor driving the market growth. Moreover, processed eggs are more effectively treated and pasteurized owing to rising technological advancement and also helps to reduce the risk of contamination and improve shelf life which further boosting the growth of Europe Processed Egg Market over the period 2021-2026.
COVID-19 pandemic had greatly impacted the growth of Europe Processed Egg Market. During pandemic, there is a lockdown that created a disruption in supply chain and the manufacturing industries owing to less availability of human resources. Moreover, production capacity also decreases among manufacturers and are negatively impacted the growth of Europe Processed Egg Market.
Europe Processed Egg Market Challenges
Rising Stringent Food Safety Regulations
The factors that is set to impede the growth of the Europe Processed Egg Market are the rising regulation regarding the safety of foods. Moreover, owing to regulation there is a delay in production of products that is set to create hurdles for the Europe Processed Egg Market.
Europe Processed Egg Landscape
Product launches, acquisitions, collaboration, joint ventures, and geographical expansions are key strategies adopted by players in the Europe Processed Egg Market. Europe Processed Egg top 10 companies are Vril SCA, Cal-Maine Foods Inc., Sanovo Technology, Moba B.V. Pulviver, Rose Acre Farms, Actini Group, EUROVO Srl, Louis François, Pulviver and IGRECA.
In May 2021, Cal-Maine Foods Inc. has acquisition with Egg Farm LLC in order to increase the production of eggs that helps in rising the growth of Europe Processed Egg Market.
In 2020, Germany dominated the Europe Processed Egg Market owing to changing dietary patterns among consumers that increases the demand of processed eggs. Moreover, rising improvement in technology increases the consumption of processed eggs which in turn driving the market growth.
Growing awareness about the health among people and rising technological advancement in the field of food and beverage industry are enhancing the growth of the Europe Processed Egg Market.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent manufacturers operating in the market will be provided in the Europe Processed Egg Market report.
Rising stringent Food safety Regulations is set to create hurdles for the Europe Processed Egg Market.
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