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Liquid Egg Market to Grow at 6% through 2031 as Demand for Cage-Free Eggs Continues
NEW YORK , Aug. 30, 2021 /PRNewswire/ -- The global liquid eggs market is estimated to total US$ 4.8 Bn 2021. With a favorable demand outlook, the market is projected to grow at a positive 6% CAGR, reaching a valuation of US$ 8.7 Bn by 2031.
Liquid eggs are considered rich sources of protein, iron, phosphorous, and vitamin A & D. Being economically viable, liquid eggs are easily available and preferred for application in pharmaceutical, dietary supplements, and foodservice sectors.
As demand for liquid eggs continues to rise, market players will have greater scope for launching innovations. For instance, steered by surging focus on sustainability, some of the market players are offering innovative packaging solutions, improved product quality, offers for customization of quantity, and impressive hygiene and cleanliness. These factors are identified as chief growth accelerators in the liquid egg market.
Liquid eggs are largely being used in the foodservice industry owing to overall convenience they offer as key ingredient or as replacement of traditional eggs. Using liquid eggs eliminates the time consumed in shelling eggs while offering quality assurance, safety, and convenience through premeasured containers. These factors are expected to guarantee market growth through the course of the forecast period.
High nutrient content in liquid eggs is driving their adoption in pharmaceuticals, dietary supplements, cosmetics, skincare products, and animal feed. As per Fact.MR, demand for cage-free eggs is anticipated to rise at a significant pace over the course of the assessment period.
Fact.MR's regional analysis projects the U.S. to dominate the North America liquid egg market. The presence of a robust foodservice industry, coupled with government issued dietary guidelines, highlighting the importance of protein consumption, will augment market growth throughout the assessment period.
Top players operating in the global liquid egg market are focusing on research and development to improve their product portfolios. Apart from this, strategic collaborations, mergers, and acquisitions will emerge as prominent growth strategies among key players.
For instance, in May 2021 , Cal Main acquired shares of River Valley Egg Farm. River valley is a joint venture between Rose Acre Farms and Cal-Maine Foods. Through this acquisition, Cal-Maine is aiming to improve its product offerings and expand its global footprint.
Fact MR provides an unbiased analysis of the liquid egg market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global liquid egg market with a detailed segmentation on the basis of:
The egg yolk oil market is undergoing a significant transformation from traditional distribution channels to a direct-to-consumer internet sales strategy. Manufacturers are taking advantage of online retail's reach and appeal among consumers in rural and suburban locations. For producers and distributors, the use of egg yolk oil in cosmetic applications, particularly hair and skin care, continues to be the largest market opportunity. Dietary supplements and baby nutrition continue to be quite profitable, accounting for a large portion of the egg yolk business.
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