Global Egg Market Size 2024, Forecast To 2033
11 Mar, 2024
The egg market has experienced robust growth, expanding from $269.48 billion in 2023 to $289.9 billion in 2024, demonstrating a compound annual growth rate (CAGR) of 7.6%. The historic period's growth is attributed to a surge in demand for confectionery and bakery products, an increase in awareness about health and fitness, and a rise in disposable income. Expected to sustain its upward trajectory, the market is forecasted to reach $386.75 billion in 2028, maintaining a CAGR of 7.5%. Factors contributing to this growth in the forecast period include an increasing demand for animal proteins, a rise in the global population, and favorable initiatives. Noteworthy trends encompass the production of carbon-neutral eggs, heightened investments, a focus on strategic partnerships, the production of specialty eggs, and the adoption and development of egg analyzers.
Global Egg Market Key Driver
The increasing demand for processed eggs is poised to propel the growth of the eggs market. Eggs, as hard-shelled reproductive bodies, are not only a dietary staple but also a key ingredient in baked goods. Processed eggs, produced by pasteurization to eliminate pathogens like salmonella, offer a safer alternative to fresh eggs and serve as an excellent protein source. Notably, the UK experienced a 22% rise in egg purchases by processors in Q3 2021 compared to the same period in 2020. Liquid eggs dominated output, comprising 72% of the total, marking a 19% increase from Q3 2020. This surge underscores the market's growth, with the trend expected to persist in 2023, 2024, and 2028.
Get A Free Sample Of The Global Egg Market ReportGlobal Egg Market Segments
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
By Geography:The regions covered in the egg market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
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
Major Egg Industry Players
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
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Egg Market Overview
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.
Egg Global Market Report 2023 provides data on the global egg market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The egg market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.