The global Eggs market reached a value of about USD 226.54 billion in 2021. The industry is projected to grow at a CAGR of around 6% in the forecast period of 2022-2027 to reach a value of about USD 340.63 billion by 2027.
The global Eggs industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for protein-rich food is primarily driving the market's growth. China is the highest category spender by region, driving the need for the Eggs industry.
An egg is a bird's (mainly that of the ordinary domestic chicken) hard-shelled biological vessel in which a zygote grows until it is capable of self-survival, at which time the animal hatches. Fertilisation of an egg cell produces an egg. The Eggs industry report comprises segments by application (food and beverage, bakery, and personal care) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America).
China holds the largest share in the industry owing to the increased knowledge of the health advantages of organic eggs and rising income levels. Other factors like the rising consumer purchasing power, raised concerns about healthy food items, and improved living standards in the region are furthering the industry's growth.
The growing health consciousness is driving the market among consumers. Eggs are high in nutritional content and full of protein, appealing to consumers. The increasing shift towards a protein-rich diet and bodybuilding culture is furthering the product's demand boosting sales in the sector. In addition, private label items are manufactured and sold by retailers as they have begun to roll out their brands of chicken eggs to profit from the growing demand for poultry eggs. This is gaining traction among price-sensitive consumers since they are sold at a competitive price compared to items from significant firms, further propelling the industry's expansion.
However, changing climatic conditions, which are likely to limit the production of eggs, are expected to hamper the market's growth.
The global Eggs industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Eggs regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.
Chicks are born in a specialised hatchery where Pullets (young chickens) stay for 18 weeks at a rearing facility. Hens are then transported to a lay house and subjected to an increasing day length with artificial light after reaching their goal body weight. It takes 23-27 hours for an egg to grow and be deposited. The shorter the course, the more eggs will be placed in a row. 25-39 weeks of age is the peak laying phase. The number of eggs laid declines as the lay progresses.
The industry is witnessing expansion due to the technological improvements in the sector. Producers of poultry and eggs rely on novel poultry and egg storage methods. Furthermore, they are likely to use IoT, big data analytics, robots, and other technologies in their current activities. For example, farmers have begun using robots for egg packing to increase efficiency. Additionally, the introduction of Immune modulators is gaining popularity in animal production because they allow farmers to transition to antibiotic-free farming. Antibiotics are frequently used in animal farming to enhance growth and for medicinal purposes. In addition, a variety of antibiotic alternatives have been developed for various applications. Egg-yolk antibodies in immune modulators, for example, have considerably reduced the risk of necrotic enteritis in hens. In swine, the effectiveness of the same antibodies aids in preventing diarrhoea caused by a variety of diseases.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
Food pricing and consumption patterns are driving the market demand. Individual farm profitability is dependent on effective operations and predicting market demand. Vertically integrated operations and economies of scale benefit large organisations. Small businesses might compete by specialising in certain breeds, providing local markets, or growing hormone-free or ethically treated animals. Players in the worldwide product market have used various development tactics to improve their market share, boost profitability, and stay competitive.
1. Executive Summary
2. Eggs Market Snapshot
2.1. Eggs Market Outlook
2.2. Eggs Industry Analysis by Application
2.2.1. Food & Beverage
2.2.3. Personal Care
2.3. Region Overview
2.3.1. North America
2.3.2. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Impact of Recent Events
4. Eggs Value Chain Analysis
5. Eggs Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Eggs Cost Structure
9. Eggs Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Eggs Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Cal-Maine Foods Inc
14.2. Avangard Co
14.3. Ballas Egg Products Corporation
14.4. Rose Acre Farms
14.5. Rembrandt Enterprises,Inc.
The global Eggs market size was valued at USD 226.54 billion in 2021.
As per the application provided, the Food & beverages segment is anticipated to lead the market between the period 2022 – 2027.
The significant demand for eggs owing to changing consumption patterns is one of the essential drivers of the Eggs market growth.
Cal-Maine Foods Inc, Avangard Co IPL, Ballas Egg Products Corporation, Rose Acre Farms, and Rembrandt Enterprises, Inc. are some of the key players in the market.
China holds a significant share in the global eggs market.
The global Eggs market attained a value of USD 226.54 billion in 2021, driven by the growing health consciousness among consumers. Aided by the growing technological improvements in the sector like IoT, big data analytics, robots, and other technologies paired with Immune modulators, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6%. The market is projected to reach USD 340.63 billion by 2027. Some of the leading players in the industry are Cal-Maine Foods Inc, Avangard Co IPL, Ballas Egg Products Corporation, Rose Acre Farms, and Rembrandt Enterprises, Inc.
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