Egg Market Report 2024

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 historical period can be attributed to an increase in the demand for confectionery and bakery products, a rise in awareness about health and fitness, and an increase 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 the increasing demand and consumption of animal proteins, a rise in the global population, and favorable initiatives. Major trends in the forecast period include the production of carbon-neutral eggs, increased investments, a focus on strategic partnerships, the production of specialty eggs, and the adoption and development of egg analyzers.

The anticipated increase in demand for processed eggs is set to propel the growth of the eggs market in the future. An egg, being a hard-shelled reproductive body produced by birds or domestic chickens, serves as a food item and a primary ingredient in baked goods. Processed eggs encompass products derived from eggs or egg mixes that undergo pasteurization to eliminate salmonella and other pathogens, presenting a safer option compared to fresh eggs and offering excellent protein sources. For example, as of April 2022, data from the UK's Department for Environment Food & Rural Affairs revealed that UK egg processors purchased a total of 1.11 million cases (equivalent to 24.4 thousand tonnes) of eggs in Q3 2021, marking a 22% increase from the same period in 2020 and a return to pre-2020 levels. Liquid eggs constituted 72% of total output in Q3 2021, with a 19% increase compared to the same quarter in 2020. Hence, the rising demand for processed eggs is steering the growth of the processed eggs market.

Technological advancements are poised to play a crucial role in propelling the egg market during the forecast period. The adoption of new poultry and egg storage technologies is expected to gain traction. Companies operating in the egg market are anticipated to incorporate big data analytics, the Internet of Things (IoT), robotics, and other technologies into their operations. Notably, farmers have initiated the use of robots for egg packaging, contributing to increased productivity. These technological strides are projected to advance the egg market.

The increasing use of immune modulators in animal production is driven by the desire to transition towards antibiotic-free animal agriculture. Immune modulators, categorized as drugs, play a crucial role in activating or enhancing an animal's immune system, offering improved control over disease development in animals and reducing the risk of transmission to humans. Companies within this industry traditionally relied on antibiotics for growth promotion and therapeutic purposes. However, due to mounting pressure from consumer groups and rights activists, these companies are shifting towards immune modulators as an alternative to antibiotics, prioritizing consumer health. According to a report by the Pew Charitable Trusts, immune modulators demonstrate effectiveness against a wide array of pathogens by energizing the immune system in a manner less dependent on the specific pathogen causing infection. Moreover, a diverse range of antibiotic alternatives has been developed for various applications. For example, egg-yolk antibodies used in immune modulators have significantly decreased the risk of necrotic enteritis in chickens. Similarly, these antibodies, when applied in swine, aid in preventing diarrhea caused by various pathogens. In the USA, an immune modulator designed to prevent udder infections in dairy cows after birth recently obtained approval from the Food and Drug Administration (FDA).

Leading companies in the egg market are strategically focused on developing new products to enhance their market standing. Innovative egg products represent novel and creative ways of incorporating eggs into food items. A case in point is the October 2022 launch of Egg Bites by Jimmy Dean Brand, a US-based protein breakfast brand. These egg bites stand out by providing 17g of protein and being ready to eat in just a few minutes, simplifying the morning routine while delivering a delicious meal. The fully cooked bites feature fluffy whole eggs, premium Jimmy Dean Sausage or Bacon, and real cheese baked in a single skillet, offering a convenient and savory meal at home or on the go.

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 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.

An egg is a firm-shelled reproductive structure produced by birds, intended for human consumption. Birds lay eggs in nests constructed by their parent counterparts. The characteristics of eggs, including size, color, and patterns, vary across different bird species, influenced by their evolutionary adaptations and environmental requirements.

Eggs are categorized into primary types such as hen eggs and others. A hen specifically denotes a mature female chicken, typically aged over a year. The products derived from eggs include shelled eggs and specialty eggs. Distribution channels encompass both business-to-business (B2B) and business-to-consumer (B2C). Applications of eggs extend to the food and beverage industry, bakery, snacks, meat products, and various other applications.

The egg market research report is one of a series of new reports that provides egg market statistics, including global egg market size, regional shares, competitors with an egg market share, detailed egg market segments, market trends and opportunities, and any further data you may need to thrive in the egg industry. This egg market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The countries 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 eggs market consists of revenues earned by entities that produce raw eggs, including poultry farms and other entities which breed, and/or hatch, and/or raise hens and other birds. Market size in this market is valued at farm gate prices. This market excludes sales of bird meat and processed eggs. This market also excludes the proceeds from the captive (internal) consumption of the eggs for further processing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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