The global market for egg processing equipment is expected to be worth as much as $532.1 million by 2019.
A new report from Research and Markets says that rising demand for processed egg products and advancements in technology are driving growth.
The North American region dominated the market for egg processing and egg processing equipment in 2013. In the Asia-Pacific region, population growth and awareness about the nutritional benefits of processed egg products are contributing to the growth of the market for egg processing. That, in turn, is leading to increasing investment in new egg processing facilities.
These facilities break egg shells and process the liquid to make it convenient for human consumption. The steps in egg processing include breaking the egg, filtering, mixing, stabilizing, blending, pasteurizing, cooling, freezing or drying and packaging.
Different equipment is used for each stage, but Research and Markets pointed out that egg processors prefer to install an integrated assembly line that encompasses all the steps of egg processing in order to minimize costs and increase their yield.
Key players in the egg processing and equipment market invest heavily in the expansion of their business and development of new egg processing equipment.
In the egg processing market in particular, companies choose joint ventures, agreements, collaborations and expansions as strategies to enlarge their production facilities and expand their share of the market.
The major players of the egg processing equipment market, meanwhile, tend to prioritize new technological launches as the number one strategy to strengthen their market positions, the report said.
