Authored By: Sarah
11 Jul 2024

 Poultry Eggs Market Size to grow by USD 83.25 million between 2024-2028

According to a research report “ Poultry Eggs Market” by Application (Household, Commercial) Product (Shell eggs, Specialty eggs, Processed egg products) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 83.25 million, at a CAGR of almost 5.6% during the forecast period. The global poultry eggs market has experienced significant growth in the last decade, fueled by increasing per capita consumption in key markets such as China, Japan, and the United States. According to the United Egg Producers, per capita egg consumption in the US has risen by 4.8% since 2000, reaching an annual production of 92.6 billion eggs in 2022. Similarly, India's poultry egg production surged from 78.48 billion in 2014-2015 to 129.60 billion in 2021-2022, as per the Ministry of Fisheries, Animal Husbandry and Dairying. This growth can be attributed to population expansion and rising demand for affordable protein sources. These trends have boosted production capacity and supply, positioning the poultry eggs market for continued expansion.

Browse market data tables, figures, and in-depth TOC on “Poultry Eggs Market” by Application (Household, Commercial) Product (Shell eggs, Specialty eggs, Processed egg products) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample

 

By Application, the Household segment is projected to dominate the market size in 2024

The global poultry eggs market in 2023 was predominantly driven by the shell eggs segment, which encompasses unprocessed and non-specialty eggs. This sector held a significant market share, owing to the rising demand for affordable protein sources, particularly in developing nations like India, China, Mexico, and Brazil. In terms of production and consumption, shell eggs led the way worldwide in 2023. Key players in the global poultry eggs industry include China, India, the United States, Mexico, and Brazil. Japan, with a high per-capita consumption, was among the leading consumers of eggs globally. The global consumption of eggs has been experiencing a steady increase.

By Product, Shell eggs  segment is expected to hold the largest market size for the year 2024

The household application segment dominates the global poultry eggs market, accounting for a substantial market share in 2023. This trend is primarily driven by the increasing preference for poultry eggs in developed nations due to their nutritional benefits, particularly their high protein content. Additionally, the rising number of nuclear families and urbanization have fueled demand for poultry eggs, as they offer a convenient and quick meal solution. In cold climatic regions, the consumption of poultry eggs is further boosted due to their zinc content, which aids in combating common winter illnesses.

APAC is forecasted to hold the largest market size by region in 2024

In the Asia Pacific (APAC) region, the poultry eggs market is poised for significant growth due to the increasing health consciousness among consumers. Key markets for poultry egg consumption in APAC include China, Japan, and India. China, India, Japan, and Indonesia are the major producers of poultry eggs in APAC, with China being the largest producer, accounting for approximately one-third of global production in 2023. The rise in health-conscious consumption patterns, negative publicity surrounding red meat, and ethical and environmental concerns regarding cattle and poultry farming are driving the demand for poultry eggs in China.

The Poultry Eggs Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Cal Maine Foods Inc.
  • Charoen Pokphand Foods PCL
  • Granja Yabuta
  • ISE FOODS Inc.
  • Proteina Animal SA DE CV
  • Rose Acre Farms
  • Suguna Foods Pvt. Ltd.
  • Trillium Farm Holdings LLC
  • Ukrlandfarming PLC
.

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Research Analysis Overview

The Poultry Eggs Market is witnessing significant growth due to increasing consumer preference for cage-free, free-range, organic, and Omega-3-enriched eggs. Moral and humane concerns for animal welfare are driving this trend, as consumers prioritize the health and well-being of chickens. Product innovation in the form of natural and minimally processed eggs is also gaining popularity in the health and wellness sector. Economic factors, such as affordability, play a crucial role in purchase decisions. However, health-related reasons, including the nutritional benefits of eggs, are also influencing consumer choices. Eggs are rich in essential nutrients, minerals, vitamins, and protein, making them an essential dietary staple for various diets. The food industries, including fast-food chains, restaurants, cafés, and the service sector, are significant consumers of eggs. They use eggs in a wide range of culinary applications, from breakfast dishes and baked items to kitchen essentials. The demand for eggs is expected to grow with population growth, making it a promising market for producers and suppliers. In conclusion, the Poultry Eggs Market is witnessing a shift towards ethical, natural, and healthier options, driven by consumer preferences and animal welfare concerns. The market is expected to continue growing, with product innovation and affordability playing crucial roles in shaping consumer choices.

Market Research Overview

The global poultry eggs market is a significant player in the food industry, with both egg export and import playing crucial roles in international trade. However, global trade issues such as tariffs and trade disputes can impact the market's growth. Economic downturns and transportation logistics can also lead to supply chain disruptions. Genetically modified feed and the use of antibiotics in poultry farming are subjects of ongoing debate, raising concerns over perception, alternatives, and egg substitutes. Poultry feed costs and variable prices of eggs due to disease outbreaks like avian influenza can impact the poultry business. Consumer preferences for cage-free, free-range, and organic eggs, driven by moral and humane concerns, animal welfare standards, and stricter restrictions, are shaping the market. Eggs' nutritional value, including essential nutrients, minerals, vitamins, and protein, makes them a staple in various culinary applications, from breakfast dishes and baked items to kitchen essentials. However, health concerns, such as cholesterol content and dietary trends like veganism, are influencing purchase decisions. Environmental concerns, including waste management, emissions, and the carbon footprint of egg production procedures, are also crucial factors. Product innovation, focusing on natural and minimally processed eggs, health and wellness, affordability, and catering to various diets, is a key trend in the market. The food service sector, including fast-food chains, restaurants, cafés, and food industries, is a significant consumer base for eggs.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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