Report Overview
The global eggs market size was valued at USD 143.29 billion in 2023 and is projected to growfrom USD 150.84 billion in 2024 to USD 222.86 billion by 2032, exhibiting a
CAGR of 5.40% from 2024 to 2032.
The eggs market has been evolving and adapting to new PETA-friendlymethods due to the rapidly changing consumer base. Different types of eggs in
the market, including organic, cage-free, and free-range, are gaining
prominence. The nutritional benefits associated with eggs have significantly
increased their consumption rate globally, and is expected to drive market
growth during the forecast period.
Fortune Business Insights presents this information in their reporttitled “EggsMarket, 2024-2032.”
List of Key Players Present in the Report:
- Cal-Maine Foods, Inc. (U.S.)
- Rose Acre Farms Inc. (U.S.)
- Hillandale Farms (U.S.)
- Versova Holdings LLP (U.S.)
- Daybreak Foods (U.S.)
- CP Group (Thailand)
- Beijing Dequingyuan Agricultural Technology Co. Ltd. (China)
- Ise Inc. (Japan)
- Arab Company of Livestock Development (ACOUD) (Saudi Arabia)
- Gemperle Family Farms (U.S.)
Segments:
Conventional Eggs Maintain Market Leadership, Fueled by ProductionEfficiency and Widespread Availability
By product type, the market is segmented into conventional, cage-free,organic, and free-range. The conventional segment is projected to hold a
significant market share during the forecast period. The growth is attributed
to the high availability of conventional eggs due to their increased production
rate.
Easy Accessibility and Hypermarket Convenience Propel Retail Segment'sShare
The market is segmented into two main categories: food service andretail, which includes large supermarkets, hypermarkets, grocery shops, online
retailers, and more. It is projected that the retail category will dominate the
market throughout the forecast period, primarily because grocery stores are
easily accessible. Additionally, the increasing convenience offered by large
supermarkets and hypermarkets will contribute to the growth of this category.
Geographically, the market is studied across North America, Europe, AsiaPacific, South America, and the Middle East and Africa.
Report Coverage
The report highlights the main reasons behind market growth, thechallenges it faces, opportunities for expansion, and potential obstacles. It
provides an in-depth look at regional developments, lists major industry
players, and explains their key strategies. It also covers the latest industry
news, including new product launches, partnerships, and mergers and
acquisitions.
Eggs Market Future Outlook
- Growing Demand: The global demand for eggs is expected to rise. This trend is driven by a growing population
and increasing health consciousness among consumers.
- Sustainability Practices: More farms are adopting sustainable practices. This shift will likely appeal to eco-conscious
buyers and could boost market growth.
- Innovative Products: The market is seeing an increase in innovative egg products. Examples include organic,
free-range, and fortified eggs, catering to diverse consumer preferences.
- Technological Advancements: Advances in farming technology may improve production efficiency. This can lead to lower costs
and potentially higher profit margins for producers.
Drivers & Restraints
Market Flourishes as Health Awareness Spurs Consumption and GovernmentBacking Boosts Growth
Since the pandemic, more people are eating eggs, with the trend spanningacross different demographic groups. This surge in egg consumption is driven by
a growing focus on health and nutritious diets. Additionally, government
campaigns highlighting the health benefits of eggs are helping to fuel this
market growth even further.
However, the increasing global temperature due to global warming isexpected to hamper egg production worldwide, affecting market growth.
Regional Insights
Asia Pacific Takes the Lead as China and India Steer Consumption andProduction Trends
Asia Pacific holds the largest eggs market share and is anticipated tocontinue its dominance during the projected period. The growth in the region
can be attributed to the high consumption rate of eggs in India, China, and
Japan, with China and India being prominent egg producers.
North America is also estimated to hold a major share of the market dueto increased egg consumption in North American countries, including Mexico and
the U.S.
Market Trends and Insights
In recent years, the egg market has witnessedseveral key trends that have shaped consumer preferences and purchasing
behavior. One such trend is the growing demand for organic and free-range eggs,
driven by consumers' increasing focus on sustainability and animal welfare. As
a result, many egg producers have expanded their product offerings to include
organic and free-range options, catering to this growing segment of the market.
Another notable trend in the egg market is therise of specialty eggs, such as omega-3 enriched eggs and pasteurized eggs.
These specialty eggs offer additional health benefits and food safety
assurances, appealing to consumers looking for premium-quality eggs.
Additionally, advancements in packaging technology have made it easier for
consumers to access and store eggs conveniently, further driving market growth.
Competitive Landscape
Increasing Technological Investments by Key Players to Propel MarketGrowth
Major companies in the market, such as Cal-Maine Foods, HillandaleFarms, and Rose Acre Farms, are heavily investing in new technologies to
improve the production of organic eggs. These efforts are anticipated to drive
market growth in the coming years.
Eggs Market Future Outlook
- Growing Demand: The global demand for eggs is expected to rise. This is due to the increase in
health-conscious consumers seeking protein-rich diets.
- Sustainability Trends: Consumers are becoming more aware of sustainable farming practices. This could lead to a
shift towards organic and free-range eggs.
- Technological Advancements: Innovations in poultry farming are on the rise. This includes improvements in feed
efficiency and biosecurity measures.
- Global Trade Changes: Trade agreements may impact egg prices and availability. Countries may focus on boosting
local production to reduce reliance on imports.
KEY INDUSTRY DEVELOPMENTS:
June 2022: ISE Food Inc., one of the leading egg producers in Japan,announced its expansion into the Indian market by launching its products in
several retail channels in India. The launch aims to cater to the growing
Indian egg market.
