Overview and Scope
Egg refers to a hard-shelled reproductive body produced by birds, used for human consumption. Eggs are laid in nests constructed by the parent birds. The different bird species have eggs of varying sizes, colors, and patterns, depending on their evolutionary adaptations and environmental needs.
Sizing and Forecast
The egg market size has grown strongly in recent years. It will grow from $269.48 billion in 2023 to $289.9 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to surge in demand for confectionery and bakery products, rise in awareness about health and fitness, and rise in disposable income..
The egg market size is expected to see strong growth in the next few years. It will grow to $386.75 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing demand and consumption of animal proteins, rise in global population, and favorable initiatives. Major trends in the forecast period include producing carbon-neutral eggs, increasing investments, focus on strategic partnerships, producing specialty eggs, and adopting and developing egg analyzers.
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Segmentation & Regional Insights
The egg market covered in this report is segmented –
1) By Type: Hen, Other Birds.
2) By Product Into: Conventional, Other Products
3) By Sales Channel : Online, Offline
4) By End-Use Application: Food Processing Industry, Food Service Providers, Retail/Household
The Asia-Pacific was the largest region in the egg market in 2023. North America was the second-largest region in the egg market. The regions covered in the egg market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing demand for processed eggs is expected to boost the growth of the eggs market going forward. An egg is a hard-shelled reproductive body produced by a bird or domestic chicken that is used as food in addition to a primary component for baked goods. Processed eggs refer to products made from eggs or egg mixes. These processed egg products are pasteurized to kill salmonella and other pathogens, making them a safer alternative to fresh eggs and providing excellent protein sources. For instance, in April 2022, according to statistics published by Department for Environment Food & Rural Affairs, a UK government department, the number of eggs purchased by UK egg processors totaled 1,113 thousand cases (equivalent to 24.4 thousand tonnes) in Q3 2021, a 22% rise over the same period in 2020 and a return to pre-2020 levels. In Q3 2021, liquid eggs accounted for 72% of total output; compared to the same quarter of 2020, total output increased by 19% in Q3 2021. Therefore, the growing demand for processed eggs is driving the growth of the processed eggs market.
Key Industry Players
Major companies operating in the egg market report are Cal-Maine Foods, Inc., Post Holdings, Inc., Rose Acre Farms, Inc., Marubeni, PPB Group Bhd, Ovostar Union NV, Rembrandt Enterprises, Inc., Hillendale Farms, Kreider Farms, Hanwei Group, Royal De Wajidsons, Bhavani Agro Farms, Ise-Suzuki Egg India Pvt. Ltd., Ayur Egg, Abhi Eggs, Laohekou Zhide Hens Breeding Specialty Cooperative, Jiangsu Lihua Animal Husbandry Co Ltd., Guangdong Shuncheng Animal Husbandry Co Ltd., Australian Eggs Limited, Lohmann & Co, Aktiengesellschaft, Gräfendorfer® Poultry, Micarna, Favorite Poultry Ltd., Moy Park, Societa Agricola La Pellegrina SpA, FANIN SPAn, Sinyavskaya Poultry Farm, Prioskolye, Bohr Poultry, Rusgrain Holding, Roskar, Oka Poultry, Agrosoyuz, Versova Holdings LLP, Daybreak Foods, Michael Foods, Center Fresh Group, MPS Egg Farms, Prairie Star Farms, Mantiqueira, Redondos SA, Don Pollo Tropical S.A.C, Ghcorp S.A.C, Ponedoras S.A.C, Al Jazira Poultry Farm (L.L.C), Al Ain Farms For Livestock Production, Al Ain Poultry Farm, Arab Company For Poultry Production, Fairooz Foodstuff Trading LLC, National Chick Ltd., Prime Eggs And Wholesalers (Pty) Ltd., Eggs-R-Easy South Africa (Pty) Ltd., Eggbert Eggs (Pty) Ltd., Harttov Nigeria Limited, BrytFarms Nig. LTD
The egg market report table of contents includes:
1. Executive Summary
2. Egg Market Characteristics
3. Egg Product/Service Analysis -Product/Service Examples
4. Egg Market Trends And Strategies
5. Egg Market – Macro Economic Scenario
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31. Belgium Egg Market
32. Denmark Egg Market
33. Finland Egg Market
34. Ireland Egg Market
35. Netherlands Egg Market
36.Appendix
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