As per the FMI market analysis report, the frozen egg market is estimated to be worth around US$ 3,710 million in 2023. Further, the sales of frozen eggs are expected to register a CAGR of 6.2% between the years between 2023 and 2033.
It is anticipated that over the forecast period, premium frozen eggs could see an increase in demand due to an increase in consumer spending power around the world. To accommodate shifting consumers’ demand for healthier and more convenient ways to cook, many frozen egg suppliers are developing eggs with higher quality and additives.
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Key Takeaways from the Frozen Egg Market Study Report
- The global market is likely to capture a CAGR of 6% during the forecast period.
- The sales of frozen eggs in the United States accounted for nearly 24.5% of the overall revenue share in 2022.
- Germany is the leading producer and supplier of frozen eggs in Europe and contributed a global revenue share of 14.3% in 2022. France, Italy, Spain, and the United Kingdom are the other leading consumers of frozen eggs in Europe followed by Germany.
- Currently, China holds over 55% of the East Asia market share and is further expected to follow a CAGR of 5.4% over the forecast period.
- Among the different product types, the whole eggs segment accounted for about 31% market share, followed by egg whites.
- Based on sources, the conventional segment accounted for 63% of the overall sales and dominated the market in 2022.
Competitive Landscape for the Frozen Egg Market Players
Ballas Egg, Cargill, Sonstegard, Ovobel, Rembrandt, Willamette, Nature-Egg, NestFresh, and Bumble are some key players in the global market. Frozen egg product makers are poised to see intense growth by targeting the functional and packaged food and beverage industries.
Leading market players are shifting toward recyclable packaging methods to meet green regulations and attract consumer attention. So, technological innovations in packaging solutions can significantly improve product quality and significantly increase sales.
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Recent Developments by the Frozen Egg Industries
Eurovo Group, which is a leading company in Europe for egg products purchased James A. Smith & Sons Ltd., which is a manufacturer and supplier of egg products based in the United Kingdom in Sept 2020. This expansion was intended to boost Eurovo Group’s position in the United Kingdom egg products industry and to broaden its product offering.
Egg Innovations brand, which produces cage-free and organic eggs was acquired by Hormel Foods in May 2019. This expansion by Hormel was seen as a part of its strategy to expand its product lines in natural and organic food products.
Rembrandt Enterprises Inc. is one of the leading egg supplier companies for North America which is based in the United States. In March 2022, it announced the acquisition of Hi-Tech Foods, which is a maker of precooked egg products and is situated in Georgia. The transaction sought to extend Rembrandt Foods’ product line and enhance its market position in the United States market.
In November 2021, Hilltop Holdings decided to acquire EggLife Foods, which is a producer of frozen egg wraps using cage-free eggs. The purchase was a part of Hilltop’s long-term strategy to expand its product line and expansion of supply chains.
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Frozen Egg Market by Category
By Product Type:
- Whole Eggs
- Egg Whites
- Egg Yolk
By End Use:
- Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice cream & Frozen Desserts
- Mayonnaise
- Noodles & Pasta
- Salad Dressings
- Others
- Food Service Providers
- Retail/Household
- Convenience Stores
- Discount Stores
- Modern Trade
- Grocery Stores
- Online Retail
- Specialty Stores
- Wholesalers
- Other Sales Channel
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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