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Egg Processing Equipment Market By Equipment Type (Standalone, Assembly), By End-user (Food Processing Industry, Baking & Confectionary Industry, Food Manufacturing & Services Industry, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

Industry Outlook

Eggs are regarded as a complete food that contains a variety of essential macro- and micronutrients, making them one of the most gifted food items after milk. Eggs have been a part of the human diet for hundreds of years, and the demand for eggs continues to grow perpetually with the growth in the global population. Eggs are used as the main ingredient in several food preparations, both on residential and commercial platforms. Commercial food industries need to process millions of eggs per day, and the task cannot be performed efficiently without using machines and equipment. The growing food processing industry and the continuously rising demand for eggs certainly encouraged the demand for egg processing equipment. As a result, the egg processing equipment market had a market value of US$ 507 million in 2017 and is expected to reach US$ 699.9 million by 2026, growing at a rate of 3.6% from 2018 to 2026.

Market Synopsis

Standalone Equipment Outperforms Egg Processing Equipment Assembly

A number of egg processing machines, both standalone and assembled, are available, depending on the capacity and nature of the end product required. End-use industries can easily procure a single piece of equipment or customize the assembly required with a turnkey alternative always at their disposal. Loaders, washers, accumulators, breakers, pasteurizers, spray dryers, boilers, and other pieces of equipment are all classified as standalone egg processing equipment. These items are procured individually according to the need and capacity, ensuring a lower 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 2017, standalone egg processing equipment led the equipment type segment in terms of market value. Standalone equipment is projected to retain its dominance over the market throughout the forecast period from 2018 to 2026.

The Food Processing Industry is thriving. Stimulating Egg Processing Equipment Growth

The food processing industry has seen some dramatic changes in recent years, and this trend is expected to continue for a long time. The egg is a vital element in the food group; it is used extensively across several delicacies and is an important component of processed food. Millions of eggs are processed by the food processing industry each day, and hence the industry claims the majority of market share in the egg processing equipment market. The bakery and confectionery industries are closely followed by the segment in terms of market value. Bakery products are relished worldwide on a considerable scale, and egg processing is an essential part of the bakery and confectionary industries. In order to produce large batches of eggs, the industry extensively depends upon egg processing equipment. As a result, the bakery and confectionery industries, along with the food processing industry, account for a sizable portion of the overall market for egg processing equipment.

Asia Pacific Holds the Key to Becoming a Market Leader in the Coming Years Owing to its Vast Population

North America currently holds the title of the most dominant region in the global egg processing equipment market in terms of market value. In 2016, the U.S. produced more than 101.95 billion eggs, and citizens here love to start their days with eggs in some form. This helped the region capture the lion's share of the market for egg processing equipment. However, the presence of a number of agricultural countries and a vast population is expected to help Asia-Pacific emerge as the new egg-processing equipment market leader in the coming years. Countries such as China, India, Japan, and Indonesia together contribute more than 65% of global egg production, and the continuous proliferation in population stimulates the demand for more eggs and egg products. Consequently, the demand for egg processing equipment has been on a continuous rise for the past few years and is projected to grow in multiples throughout and beyond the forecast period.

Market Segmentation

The big players face tough competition from local manufacturers for market share.

The egg processing equipment market is quite fragmented, characterized by a number of local as well as international manufacturers. The company faces significant obstacles in establishing a presence in mature markets in North America and Europe. Manufacturers' attention is shifting to the developing regions of the Asia Pacific and Latin America. In addition, the companies are concentrating on product development by adding new features to their existing product lines. The research study includes the business strategies and current progress of a few of the most prominent players in the egg processing equipment market, including Sanovo Technology Group, Actinic 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.

Key questions are answered in this report.

  • How have changing food habits and the evolution of food processing equipment helped the egg processing equipment market flourish?
  • Which are the most prominent end users, and how is their growth helping the egg processing equipment market grow?
  • How do standalone equipment and egg equipment assemblies standoff each other in terms of market value?
  • How do geography, demography, and consumers' choices affect the sales of egg processing equipment?
  • What role do governments worldwide play in promoting egg consumption, and, ultimately, what is their effect on the sales of egg processing equipment?
  • In what ways will agricultural regions like the Asia Pacific and Latin America become game changers in the coming years? 

Frequently Asked Questions:

The market for Egg Processing Equipment is expected to reach XX Bn in 2026.

The Egg Processing Equipment market is expected to see significant CAGR growth over the coming years,at XX%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Sanovo Technology Group,Actinit Group,OVO Tech,OVOBEL,PELBO S.p.A. are some of the major players in the global market

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Trusted By
Godaddy
Published Date:  Oct 2018
Category:  Automation & Process Control
Report ID:   59403
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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