Despite the growth prospects, the canned tomatoes market faces several challenges. One of the main challenges is the competition from fresh tomatoes, which are perceived by some consumers as being more natural and flavorful than canned varieties. Additionally, there are concerns about the environmental impact of canned tomatoes, particularly in terms of packaging and transportation.
UK Processed Eggs Market Size was valued at USD 1.2 Billion in 2022. The processed eggs market industry is projected to grow from USD 1.3 Billion in 2023 to USD 1.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.80% during the forecast period (2023 - 2032). The increased demand for premium egg products and the shift in consumer tastes towards processed foods, together with changing lifestyles, are the main market drivers expected to propel the UK market's growth significantly over the forecast period.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market CAGR for processed eggs is anticipated to expand in the future due to the rising demand for these products. An egg is a hard-shelled reproductive organ that is produced by domestic chickens and birds, and it's both a food source and the main ingredient in baked goods. Products created from eggs or egg blends are referred to as processed eggs. These processed egg products are a great source of protein and a safer alternative to fresh eggs because they have been pasteurized to eliminate salmonella and other bacteria. Thus, the market for processed eggs will become more necessary as consumer demand for eggs grows. For instance, in April 2022, the UK government's Department for Environment, Food, and Rural Affairs released statistics showing that UK egg processors bought 1,113 thousand cases (or 24.4 thousand tonnes) of eggs in Q3 2021—a 22% increase over the same period in 2020 and a return to pre-2020 levels. 72% of the eggs produced in Q3 2021 were liquid; this was a 19% increase in output over the same quarter in 2020.
Growing spending on food and drink, the introduction of items with extended shelf lives, an increase in impulsive purchases, and the growing need for quick-to-prepare convenience foods due to time constraints are the main factors driving the market. These elements have made it necessary to store food in homes so that it wouldn't spoil for an extended period of time, which has increased the need for frozen food. Additionally, there is a growing need for convenience food as a result of people's hectic lifestyles and growing urban population. Because they lack the time or expertise to prepare meals at home, many consumers are ready to spend money on convenience foods. Convenience food retail has become more necessary as a result. Broken shells and hand egg component separation are no longer necessary with processed eggs. Moreover, processed eggs have a chance to be used in innovative and new food products including healthcare items and processed eggs. Thus, driving the processed eggs market revenue.
The UK Processed Eggs market segmentation, based on product type includes Dried Egg Products, Liquid Egg Products, and Frozen Egg Products. The dried egg products segment dominated the market mostly because some products have a longer shelf life and are more stable than others. Due to their exceptional emulsifying capabilities and widespread use as a fresh egg substitute in a variety of bakery items, including cookies, cakes, ice cream, sauces, and doughnuts, these egg products are expected to contribute to the segment's growth.
Figure 1: UK Processed Eggs Market, by Product Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The UK Processed Eggs market segmentation, based on application, includes Bakery & Confectionery, Food Processing, Diary Production, Ready to Eat, Soups and Sauces, and Others. The bakery & confectionery category generated the most income. The increasing use of processed eggs to add taste, nutrition, and color to baked goods including cakes, cookies, and ice cream is responsible for the category market's growth. Furthermore, the growing prevalence of social media marketing initiatives and the appeal of various e-commerce sites due to increased internet accessibility are anticipated to generate profitable expansion prospects for this market segment in the coming years.
The UK is expected to maintain its substantial market revenue share in 2022 and see steady growth in the upcoming years due to the availability of a wide variety of processed egg products and increased product innovation in the area. Furthermore, a major portion of the increase in the regional market is anticipated to come from the growing number of people leading hectic lives and looking for meals that satisfy their health requirements, as well as from the UK's thriving bakery industry. Additionally, the consumption of processed eggs is rising due to technological developments, which is driving market expansion. The UK's egg consumption is rising, which is driving up processed egg production and encouraging the growth of the processed egg market.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the processed eggs market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, processed eggs industry must offer cost-effective items.
Major players in the processed eggs market are attempting to increase market demand by investing in research and development operations includes Actini Group, Avril SCA, Interovo Egg Group B.V., Rose Acre Farms, Ballas Egg Products Corporation, Cal-Marine Foods Inc., Igreca S.A., Rembrandt Enterprises Inc., Bouwhuis Enthoven BV, Sanovo Technology Group, Moba B.V., SKM Egg Products Export, Tyson Foods Inc., Dakota Layers, and Glon Group.
Processed Eggs Industry Developments
July 2022: A strategic investment in Ovotrack Holding, a top provider of inventory management and traceability systems for egg processing facilities, grading centers, and hatcheries, has been agreed to by Sanovo Technology and Ovotrack.
July 2021: A brand of bottled egg whites was introduced by Cornish egg company St Ewe's in Morrisons stores around the nation. The Super Egg Whites are 100% pasteurized free-range egg whites, zero grams of fat, zero grams of protein per 100 milliliters, and devoid of gluten and cholesterol, according to the producer.
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