Poultry Eggs Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Shell Eggs, Specialty Eggs, Processed Egg Products), By Application (Household, Commercial), By Distribution Channel (Departmental stores, Specialty Stores, Online, Others), By Region, By Competition 2018-2028
Published Date: October - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Consumer Goods and Retail | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request Customization| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 84.6 Million |
| CAGR (2023-2028) | 5.6% |
| Fastest Growing Segment | Online |
| Largest Market | Asia-Pacific |
Market Overview
The global poultry eggs market hit USD 84.6 Million in 2022, and get ready, because it's expected to grow like crazy! We're talking a CAGR of 5.6% through 2028. What's driving all this growth? Well, for starters, people around the world are eating more eggs! Countries like the US, China, and Japan have really led the charge in boosting egg consumption over the last decade. Plus, with the global population growing, we just need more eggs, plain and simple. That's why egg production is up, too. Did you know the United States alone produced a whopping 92.6 billion eggs in 2022? And let's not forget, people are becoming more health-conscious and realizing the importance of protein, so they're adding more eggs and egg products to their diets. So, yeah, all this egg-eating and egg-producing is expected to keep the global poultry eggs market on a serious growth trajectory.
One thing that's really driving the market? It's gotta be how much we all love convenience food. Since everyone's so busy, there's a bigger demand for bakeries and those ready-to-eat (RTE) and ready-to-cook goodies. It's a knock-on effect – people want food that's quick and easy to fix. With our lives getting more hectic, convenience food is booming, and that's good news for the poultry egg market, since people want bread and other bakery products. Plus, you can find special egg products sold as convenience foods to regular folks or food service companies. Eggs are just perfect, really – a great mix of nutrients and convenience. They're easy to find, super versatile, and packed with protein, vitamins, and minerals. So, yeah, we're expecting that using more eggs in convenience food will definitely help the global poultry egg market grow over the next few years.
The market for poultry eggs is fueled by increased urbanization and the number of nuclear households, as eggs need little cooking time and are easily prepared for any meal. People like to eat eggs in nations with chilly climates because they contain zinc, which aids in the recovery from typical winter ailments like the flu and cold. Additionally, the ease with which eggs can be included into various recipes is anticipated to drive the expansion of the home market, which will in turn propel the growth of the worldwide poultry eggs market throughout the course of the forecast period.
Key Market Drivers
Rising Global Population and Urbanization
The poultry eggs market is significantly influenced by the increasing global population and the ongoing trend of urbanization. As the world population continues to grow, there is a subsequent rise in the demand for food products, including poultry eggs. Urbanization leads to changes in lifestyle and dietary preferences, with a greater emphasis on convenience and protein-rich diets. Poultry eggs, being a cost-effective and easily accessible source of high-quality protein, experience heightened demand in urban areas.
The urbanization trend also brings about changes in consumer behavior, with an inclination towards processed and ready-to-eat food items. Poultry eggs, being a versatile ingredient, find their way into various processed and convenience food products, contributing to the overall growth of the market.
Health and Nutritional Awareness
Increasing health and nutritional awareness among consumers play a pivotal role in driving the poultry eggs market. Eggs are recognized as a nutritionally rich food source, containing essential nutrients such as protein, vitamins, and minerals. Additionally, eggs are a source of high-quality proteins, making them a preferred choice for health-conscious consumers.
Scientific studies supporting the health benefits of eggs, such as improving cholesterol levels and promoting satiety, have contributed to a positive perception of eggs in the minds of consumers. The growing awareness of the nutritional value of eggs has led to an increase in consumption, driving the demand for poultry eggs across various demographic segments.
Technological Advancements in Poultry Farming
Technological advancements in poultry farming practices have significantly impacted the efficiency and productivity of egg production. Automation, precision farming, and the integration of advanced monitoring systems have led to improved poultry management, resulting in higher egg production rates and better quality control.
Innovations such as smart sensors, data analytics, and robotics contribute to the optimization of poultry farming operations. These technologies help farmers monitor the health and well-being of poultry, manage feeding patterns, and ensure optimal environmental conditions, ultimately leading to increased egg production. The adoption of modern technologies in poultry farming not only enhances efficiency but also contributes to the sustainability of egg production practices.
Changing Dietary Preferences and Culinary Trends
The evolving culinary landscape and changing dietary preferences have a direct impact on the poultry eggs market. Eggs are a versatile ingredient that can be incorporated into a wide variety of cuisines and dishes, making them a staple in diverse culinary traditions. The rising popularity of protein-rich diets, such as keto and paleo, has led to an increased consumption of eggs as a primary protein source.
Furthermore, the growing interest in plant-based diets has resulted in the development of egg substitutes and alternative egg products, expanding the market reach to cater to a more diverse consumer base. The adaptability of eggs to various cooking methods and their ability to complement different flavors contribute to their sustained demand in the ever-changing food landscape.
Economic Factors and Affordability
Economic factors, including income levels and affordability, play a crucial role in determining the demand for poultry eggs. Eggs are often considered a cost-effective source of protein, making them accessible to a wide range of consumers across different income brackets. The affordability of eggs, coupled with their nutritional benefits, positions them as a staple food item in both developed and developing economies.
During economic downturns, consumers may shift towards more budget-friendly food options, further boosting the demand for eggs. The economic factor contributes to the resilience of the poultry eggs market, as eggs remain a viable and economical source of essential nutrients for a large portion of the global population.
Innovations in Packaging and Convenience
Innovations in packaging and convenience play a pivotal role in driving the poultry eggs market. Manufacturers and retailers continually seek ways to enhance the convenience of egg consumption for consumers. Packaging innovations, such as pre-packaged boiled eggs, individual serving sizes, and resealable cartons, cater to the demand for on-the-go and portion-controlled options.
Convenience-focused innovations not only align with changing consumer lifestyles but also contribute to the reduction of food waste. Packaging that extends the shelf life of eggs and ensures their freshness upon consumption addresses consumer concerns about product quality, contributing to increased customer satisfaction and loyalty.
Key Market Challenges
Disease Outbreaks and Biosecurity Concerns
One of the primary challenges facing the poultry eggs market is the constant threat of disease outbreaks within poultry farms. Avian influenza, commonly known as bird flu, and other contagious diseases can have devastating effects on egg production. These outbreaks not only lead to significant economic losses for egg producers but also pose a risk to public health.
Biosecurity measures are crucial in preventing and controlling the spread of diseases within poultry farms. However, implementing and maintaining stringent biosecurity protocols can be challenging due to various factors such as the scale of operations, farm infrastructure, and potential gaps in monitoring and enforcement. The fear of disease outbreaks creates uncertainty in the market, affecting both producers and consumers, and necessitates ongoing efforts to enhance biosecurity practices.
Fluctuating Feed Prices and Input Costs
The poultry eggs market is highly sensitive to fluctuations in feed prices and other input costs. Feed constitutes a substantial portion of the overall production expenses for egg farmers, and any volatility in feed prices directly impacts their profitability. Factors such as climate conditions, geopolitical events, and market dynamics influence the prices of key feed ingredients like corn and soybean, thereby affecting the cost of egg production.
Egg producers often face the challenge of managing input costs while maintaining competitive pricing in the market. Unpredictable feed prices can lead to financial strain for producers, affecting their ability to invest in farm infrastructure, technology, and other improvements that could enhance overall efficiency and sustainability.
Animal Welfare Concerns and Ethical Practices
Growing awareness and concerns about animal welfare and ethical practices pose a challenge to the poultry eggs market. Consumers are increasingly interested in the conditions in which laying hens are kept, advocating for more humane and ethical treatment. This has led to a shift in consumer preferences towards eggs labeled as cage-free, free-range, or organic, reflecting a desire to support practices that prioritize animal welfare.
Meeting these ethical standards often requires significant investments in farm infrastructure to provide more spacious and comfortable living conditions for poultry. The transition to ethical practices can be challenging for some producers, particularly those with existing conventional farming setups. Striking a balance between ethical considerations and economic viability is a persistent challenge in the evolving landscape of the poultry eggs market.
Stringent Regulatory Compliance
The poultry eggs market is subject to a complex web of regulations and standards governing production, processing, and distribution. Meeting these stringent regulatory requirements can be challenging for producers, particularly smaller and local operations that may lack the resources to navigate the regulatory landscape effectively. Compliance with food safety standards, environmental regulations, and labeling requirements demands continuous investment in monitoring, documentation, and quality assurance processes.
Changes in regulations or the introduction of new standards can also create challenges for producers, requiring them to adapt quickly to stay in compliance. Failure to meet regulatory standards can result in fines, product recalls, and damage to the reputation of both individual producers and the broader industry.
Key Market Trends
Rise of Specialty and Functional Eggs
One prominent trend in the poultry eggs market is the increasing demand for specialty and functional eggs. Consumers are seeking eggs with added nutritional benefits, such as omega-3 fatty acids, vitamin-enriched options, and eggs from hens fed with specific diets to enhance their nutritional profile. Omega-3 enriched eggs, for example, are becoming popular due to their perceived heart health benefits.
Increasing Popularity of Plant-Based Alternatives
The growing interest in plant-based diets is influencing the poultry eggs market, leading to the development of plant-based egg alternatives. These alternatives, often made from ingredients such as legumes, algae, or mung beans, aim to replicate the taste and texture of traditional eggs while appealing to consumers with dietary restrictions or ethical concerns.
Plant-based egg products are gaining popularity among vegans, vegetarians, and flexitarians looking for sustainable and cruelty-free alternatives. This trend represents a shift in consumer behavior and preferences, prompting innovation in the egg substitute market and encouraging traditional egg producers to explore plant-based offerings.
Technological Advancements in Egg Processing
Technological advancements are transforming the processing and packaging of eggs, contributing to improved efficiency, safety, and convenience. Automated egg sorting and grading systems, for instance, enhance the accuracy and speed of processing, ensuring that only high-quality eggs reach the market. These technologies also reduce the likelihood of human errors and increase overall productivity.
Innovations in packaging, such as modified atmosphere packaging (MAP) and vacuum packing, help extend the shelf life of eggs and maintain their freshness. Smart packaging solutions that incorporate sensors to monitor egg quality during transportation and storage contribute to better quality control throughout the supply chain.
Expansion of Online Retail Channels
The poultry eggs market is experiencing a shift in distribution channels, with an increasing focus on online retail. The convenience of online shopping, coupled with the broader trend of e-commerce growth, has led to a rise in the online sale of eggs. Consumers can now easily access a variety of egg products, including specialty and organic options, through online platforms.
The online retail trend also allows producers to reach a wider consumer base, overcoming geographical limitations. Producers and retailers are leveraging e-commerce platforms to enhance product visibility, offer subscription services, and provide direct-to-consumer sales, fostering a more dynamic and competitive market.
Focus on Traceability and Transparency
Traceability and transparency in the food supply chain are emerging as significant trends in the poultry eggs market. Consumers are showing a growing interest in understanding the journey of their food from farm to table. Producers are responding by implementing traceability systems that allow consumers to access information about the origin of the eggs, farming practices, and quality assurance measures.
Blockchain technology is being explored as a tool to enhance traceability, providing a secure and transparent record of the entire supply chain. By offering clear and verifiable information, producers can build trust with consumers who prioritize knowing the source and production methods of the eggs they purchase.
Innovation in Egg-Based Products
The poultry eggs market is witnessing continuous innovation in the development of new egg-based products. From pre-packaged hard-boiled eggs to convenient and ready-to-eat egg snacks, there is a diversification of offerings to meet the evolving needs of consumers. These innovations cater to the demand for on-the-go and healthy snack options, aligning with changing lifestyles and dietary preferences.
Furthermore, the incorporation of eggs into functional food and beverage products, such as protein bars, shakes, and baked goods, showcases the versatility of eggs as an ingredient. This trend not only expands the market for egg products but also contributes to the overall growth of the poultry eggs industry by tapping into new consumer segments.
Segmental Insights
Type Insights
When you think of eggs, you probably think of shell eggs. They're the workhorses of the egg world, making up the bulk of what's produced globally. Why? They're super versatile, easy on the wallet, and last a good while in the fridge. You can whip them into anything from a simple scramble to a fancy cake. Plus, they're a great and affordable source of protein! Then you have specialty eggs, like those from free-range chickens, organic farms, or packed with extra omega-3s. They're a smaller piece of the pie, but they're catching on, as some folks see them as healthier or more ethically produced. And finally, there are processed egg products – things like liquid, dried, or frozen eggs. These are mostly used by food companies and other businesses, not so much by your average home cook. If you want to learn more, visit our site!
Regional Insights
When it comes to gobbling up poultry eggs, the Asia-Pacific region is king! They're the biggest consumers globally, and here's whya massive population (we're talking over 60% of the world!), more money in people's pockets, and cities growing like crazy. All that adds up to a big appetite for protein, and eggs are a pretty budget-friendly way to get it. Plus, as folks move to cities, they're reaching for more processed and convenient foods, and that means more demand for things like liquid and dried eggs. China and India are the big players here, leading the way in both production and consumption. In fact, China alone cracked out over 30% of the world's eggs in 2021, with India contributing over 10% too!
Recent Developments
In 2023 - Cal-Maine Foods, Inc.
In 2023 - Charoen Pokphand Foods Public Company Limited (CP Foods) has reinforced its commitment to sustainable seafood production through its membership in SeaBOS, a global alliance of seafood industry leaders.
Key Market Players
- CalMaine Foods Inc.
- CharoenPokphand Foods PCL
- GranjaYabuta
- ISEFOODS Inc.
- ProteinaAnimal SA DE CV
- RoseAcre Farms
- SugunaFoods Pvt. Ltd.
- TrilliumFarm Holdings LLC
- UkrlandfarmingPLC
- AgroholdingAvangard
Report Scope
In this report, the Global Poultry Eggs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below
- Poultry Eggs Market, By Type
- Poultry Eggs Market, By Application
- Poultry Eggs Market, By Distribution Channel
- Poultry Eggs Market, By Region
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