New Egg Processing Equipment Market Research 2020-2024

  • January 6, 2021 4:21 AM PST
    "One of the primary growth drivers for this market is the reduced risk
    of contamination," says a senior analyst for the industrials industry at
    Technavio. The vendors should focus more on the growth prospects in the
    fast-growing segments while maintaining their positions in the
    slow-growing segments. As the markets recover Technavio expects the egg
    processing equipment market size to grow by USD 22.48 million during the
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    Egg Processing Equipment Market Segment Highlights for 2020

    The egg processing equipment market is expected to post a year-over-year growth rate of -4.81%.

    Based
    on the product, the liquid egg products saw maximum growth in 2019. The
    rise in demand for liquid egg products in the preparation of food
    products such as baked items and dairy products will be the major factor
    propelling the growth of the market in this segment.

    The growth of the segment will be significant during the forecast period.

    42% of the growth will originate from the APAC region.

    The
    rise in the use of egg products for preparing bakery snacks and
    confectioneries is one of the prime factors that will facilitate the egg
    processing equipment market growth in APAC over the forecast period.

    China
    and Japan are the key markets for egg processing equipment in APAC.
    Market growth in this region will be faster than the growth of the
    market in other regions.