The latest report on egg processing published by MarketsandMarkets indicates that the market is projected to reach a value of $27,888 million by 2019.
In 2013, North America had the largest market share in the sector. The Asia-Pacific market is projected to grow at the highest CAGR from 2014 to 2019.
The Egg Processing Equipment Market is projected to reach a value of $532.1 million by 2019. In 2013, North America was the largest market. The Chinese market for egg processing equipment is projected to grow at the highest CAGR of 2.7% from 2014 to 2019.
The report "Egg Processing & Equipment Market - Global Trends & Forecast to 2019", defines and segments the egg processing market on the basis of various types, applications, and regions, with analyses and projections of the market size of each of these segments in terms of value and volume.
The report defines and segments the egg processing & equipment market on the basis of region only. It also identifies the driving and restraining factors for the egg processing and equipment market with analyses of the trends, opportunities, burning issues, and winning imperatives.
The egg processing and equipment market is driven by the shifting trend of consumers towards processed foods, advancement in egg processing technology, marketing strategies of companies, increase in demand for high-quality egg products, and consumer awareness in developing economies. The key market players adopted expansions, new product launches, agreements, joint ventures, partnerships, and acquisitions as their preferred strategies to sustain the competition in the market. The different technologies used to manufacture processed egg products, and an introduction of a wide variety of egg types for developing specialty egg products have further driven the market.
The report includes the marketing and development strategies, along with the product portfolio of leading companies. The report includes the profiles of leading companies such as Glon Group (France), Gruppo Eurovo (Italy), Sanovo Technology Group (Denmark), Moba b.v. (The Netherlands), and Pelbo S.p.A (Italy). The key players in the market adopt expansion of their facilities to fulfill the demands of the emerging markets and are actively investing in R&D activities to gain a competitive edge through new product launches.