(Food-Beverage-News.Com, February 15, 2018 ) Latin America Processed Egg market is anticipated to grow at a 3.89% CAGR from 2016 to 2021 and it is estimated that the Latin America market was valued at USD 3.04 billion in 2016 and is relied upon to achieve USD 3.68 billion by 2021.
Processing of eggs is done by removing egg shells and processing the obtained liquid product to make it suitable for consumption in several food products. The steps involved in egg processing are removal of egg shells, filtration, mixing, and blending, stabilizing, pasteurizing, freezing or drying and packaging. Different equipment is used at several stages of egg processing. Processed eggs are used extensively as an ingredient to numerous food products such as baked foods, dairy and dairy products and confectionery. Due to their functional properties such as enhanced freshness, longer shelf-life, and simple storage and transportation requirement, they are considered superior to their unprocessed counterparts.
A growth in the consumption of processed egg products in bakery and functional foods is driving the egg processing and equipment market. Moreover, growing consciousness regarding health and healthy lifestyle is further boosting the market growth. Furthermore, the ongoing technical advancement in egg processing equipment technology can be accredited to the overall growth of the market. The convenience and ease of usage and storage associated with processed eggs is further expected to drive the market. Due to an increase in the urban population and busy lifestyles, there is an increase in the demand for this convenience food.
Processed eggs eliminate the manual work needed in breaking shells and separating various components of the egg. Moreover, due to technological advancements, processed eggs are more effectively treated and pasteurized, hence assuring safety, reduced risk of contamination, and extended shelf life. Processed Eggs are also used as a primary source of high quality protein in sports and body building. Eggs are easily found in almost every grocery and meat store at a low price and due to the ease of availability, it is a major limitation of the market. Moreover, the food safety regulations implemented by governments are restraining the growth of the market.
The Latin America market for Processed Egg is segmented into Product Type and Application. On the basis of Product Type, it is segmented into Dried, Liquid, and Frozen. On the basis of Application, it is segmented into Confectionery, Dairy Products, Bakery, Ready-to-Eat, Soups and Sauces, and Others. The growth of the egg processing market is also driven by the growing demand for processed egg products in developing countries. Export and production of egg products is an attractive investment for a number of exporters in many countries. The manufacturers are keen on developing technologies that would process egg products with minimal wastage.
On the basis of geography, the market is analyzed under various regions namely Argentina, Brazil, Mexico and Rest of Latin America. The growth in this region can be attributed to an increase in the demand for egg and processed egg products as a result of the growth in the population, growth in the disposable incomes, rapid urbanization, and implementation of government initiatives towards the development of the dairy farming industry.
Some of the major companies dominating the market are vril SCA, Cal-Maine Foods Inc., Eurovo S.R.L., Sanovo Technology Group, Moba B.V.Pulviver, Rose Acre Farms, Rembrandt Enterprises, Cal-Maine Foods, Inc, Daybreak Foods, Dr. Oetker and Actini Group.
Market Segmentation Product Type Introduction Dried Liquid Frozen Y-o-Y Growth Analysis, By Product Type Market Attractiveness Analysis, By Product Type Market Share Analysis, By Product Type
Application Introduction Bakery Confectionery Dairy Products Ready-to-Eat Soups and Sauces Others Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
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