Pune, India, Oct. 11, 2023 (GLOBE NEWSWIRE) -- The global eggs market size was valued at USD 136.17 billion in 2022 and is projected to grow from USD 143.29 billion in 2023 to USD 207.08 billion by 2030, exhibiting a CAGR of 5.40% during 2023-2030.
The egg industry has been evolving and adapting to new PETA-friendly methods due to the rapidly changing consumer base. Different types of eggs in the market, including organic, cage-free, and free-range, are gaining prominence. The nutritional benefits associated with eggs have significantly increased their consumption rate globally, and is expected to drive market growth during the forecast period.
Get a Sample PDF Brochure:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/eggs-market-108483
Leading Players Featured in the Research Report:
Companies leading Eggs Market are Cal-Maine Foods, Inc. (U.S.), Rose Acre Farms Inc. (U.S.), Hillandale Farms (U.S.), Versova Holdings LLP (U.S.), Daybreak Foods (U.S.), CP Group (Thailand), Beijing Dequingyuan Agricultural Technology Co. Ltd. (China), Ise Inc. (Japan), Arab Company of Livestock Development (ACOUD) (Saudi Arabia), Gemperle Family Farms (U.S.)
Report Scope & Segmentation:
| Report Attributes | Details |
| Forecast Period | 2023-2030 |
| Forecast CAGR | 5.40% |
| 2030 Value Projection | USD 207.08 Billion |
| Eggs Market Size in 2022 | USD 136.17 Billion |
| Historical Data | 2019-2021 |
| No. of Pages | 162 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Eggs Market Growth Drivers | Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth |
Browse Summary of this Research Report:
https://www.fortunebusinessinsights.com/eggs-market-108483
COVID-19 Impact
Pandemic-Driven Consumer Behavior Shifts Spurred Market Growth amid Supply Disruptions
Stringent government regulations and lockdowns aimed at controlling the spread of the virus led to a surge in retail demand for eggs due to their perceived health benefits. However, the closure of food service segments and disruptions in the supply chain caused by the pandemic resulted in increased egg prices and a sudden growth in the global egg market.
Segments:
Conventional Eggs Maintain Market Leadership, Fueled by Production Efficiency and Widespread Availability
By product type, the market is segmented into conventional, cage-free, organic, and free-range. The conventional segment is projected to hold a significant market share during the forecast period. The growth is attributed to the high availability of conventional eggs due to their increased production rate.
Easy Accessibility and Hypermarket Convenience Propel Retail Segment's Share
Based on end-use, the market is divided into food service and retail (supermarkets/hypermarkets, grocery stores, e-commerce, and others). The retail segment is estimated to hold the highest market share during the forecast period, owing to the easy accessibility of eggs in grocery stores. The rising convenience of supermarkets/hypermarkets will further boost this segment.
Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
Report Coverage
The report provides major growth drivers, restraining factors, opportunities, and potential challenges for the market. It offers comprehensive insights into regional developments, a list of major industry players, key strategies adopted by market players, and the latest industry developments, including product launches, partnerships, mergers, and acquisitions.
Ask for Customization:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/eggs-market-108483
Drivers & Restraints
Market Flourishes as Health Awareness Spurs Consumption and Government Backing Boosts Growth
The eggs market has witnessed significant growth in egg consumption, particularly post-pandemic, with consumers of various demographics increasing their egg consumption. Rising health consciousness and awareness of healthy diets among consumers have driven the market growth. Additionally, government initiatives aimed at spreading awareness regarding the health benefits of eggs are propelling market growth.
However, the increasing global temperature due to global warming is expected to hamper egg production worldwide, affecting market growth.
Regional Insights
Asia Pacific Takes the Lead as China and India Steer Consumption and Production Trends
Asia Pacific holds the largest eggs market share and is anticipated to continue its dominance during the projected period. The growth in the region can be attributed to the high consumption rate of eggs in India, China, and Japan, with China and India being prominent egg producers.
North America is also estimated to hold a major share of the market due to increased egg consumption in North American countries, including Mexico and the U.S.
Competitive Landscape
Increasing Technological Investments by Key Players to Propel Market Growth
Key players in the market, including Cal-Maine Foods, Inc., Hillandale Farms, and Rose Acre Farms, Inc., S.A., are investing significantly in technological advancements to enhance organic products' production rate. These investments are expected to boost market growth during the forecast period.
Speak to Analyst:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/eggs-market-108483
Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, and Mergers & Acquisitions
- Qualitative Analysis Related to COVID-19
- Impact of COVID-19 on the Market
- Supply Chain Challenges Amidst Pandemic
- Potential Opportunities due to this Global Crisis
- Global Eggs Market Analysis, Insights and Forecast, 2019-2030
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Product Type
- Conventional
- Cage-Free
- Organic
- Free-Range
- By End-Use
- Food Service
- Retail
- Supermarket/Hypermarkets
- E-commerce
- Grocery Stores
- Others
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Product Type
To Be Continued…!
Inquire Before Buying:
https://www.fortunebusinessinsights.com/enquiry/queries/eggs-market-108483
Read Related Insights:
Halal Food and Beverages Market to Hit USD 3.27 Trillion by 2028 | Fortune Business Insights™
Processed Meat Market to Reach USD 862.97 Billion by 2027 | At a CAGR of 6.24%
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
9th Floor, Icon Tower,
Baner - Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email:sales@fortunebusinessinsights.com
Attachment
