The global Egg and Egg Products Market is expected to reach market valuation of USD 12.3 Billion by the year 2022, accelerating with a CAGR of 7.0% by 2022 to 2032. Egg sales are likely to account for ~44.7% of the overall protein market, which is anticipated to be valued at USD 27.5 Billion by 2022 end.
| Attributes | Details |
|---|---|
| Egg and Egg Products Market Size (2022E) | USD 12.3 Billion |
| Egg and Egg Products Market Projected Size (2032F) | USD 24.2 Billion |
| Value CAGR (2022 to 2032) | 7.0% |
| Top 3 Countries Market Share | 35.8% |
FMI analysis indicates that the Egg and Egg Products Market will witness moderate growth over the forecast period owing to their long shelf life, application in multiple end-use products and ease of handling. Moreover, rising demand for “free-from” products is projected to allow manufacturers to take advantage of this opportunity to develop new products in the Egg and Egg Products Market.
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Historically, the Egg and Egg Products Market grew at a CAGR of around 6.2% during the 2017 to 2021 time period. Sugar-free, gluten-free, and fat-free food products are becoming increasingly popular among consumers because they help them maintain a healthy diet and avoid weight gain. Furthermore, the widespread use of egg as a natural component to nourish skin and hair in cosmetics and personal care products aided the market's expansion.
Furthermore, protein powders were only available in casein and whey protein, both of which are dairy-based protein powders, rendering them inaccessible to persons with dairy allergies. Egg, on the other hand, is lactose-free, making it a great alternative to dairy-based protein powders for many people with dairy allergies, resulting in an increase in egg demand.
Furthermore, top players in the market are focusing on producing eggs with higher protein content to address the recent shift in preference for food items that better maintain the health of consumers to further boost the Egg and Egg Products Market. Thus, in the forecast period, the Egg and Egg Products Market is anticipated to be worth USD 24.2 Billion growing at a CAGR of 7.0%.
Consumers along with food and beverage companies around the world have always been interested in healthy and "free-from" products. Additionally, egg's allergen-free profile has been and will continue to be one of the most significant selling points for the product due to its protein-rich, meat-free properties.
As food processing corporations strive to unleash the protein-rich characteristics of clean label ingredients to appeal to a rising pool of health-conscious customers, rivals in the egg industry are expected to keep an eye on the potential emerging in East Asia.
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The Egg and Egg Products Market in the United States is likely to grow over the forecast timeframe, primarily due to an increasing number of specialty stores in developed markets that offer protein-rich dietary supplements, which is expected to boost regional market expansion. Furthermore, a significant portion of the country's population is lactose intolerant, making reaching the body's daily protein requirements more difficult. As a result, given the high protein content of eggs, demand for this source of protein is expected to rise in the country over the projection period.
The Egg and Egg Products Market in China is expected to grow over the forecast period, owing to rising awareness of the health benefits of eggs and the adoption of a healthy lifestyle, which has resulted in higher demand for healthier and lower-calorie food items. Furthermore, greater personal disposable income and a growing population are predicted to assist the country's market growth. China is predicted to make significant contributions to the East Asian Egg and Egg Products Market due to their economies' tremendous growth potential.
Furthermore, because of the country's large output, enterprises are focusing on supplying eggs to meet the growing demand from the food and beverage industry. Throughout the projection period, this factor is likely to drive egg sales in China.
The European Union market absorbs the majority of eggs produced and its products, in addition to exports. German consumers are accustomed to high-quality, hygienic, and nutritional products manufactured in the country, resulting in increased consumption of healthy bakery and confectionary products across the country, which is predicted to fuel egg demand over the forecast period.
Egg moisturizes and protects hair from heat and pollution damage, preventing dryness and damage. As a result, different forms of egg are used in the personal care sector to make shampoos and conditioners. Moisturizers, sunscreens, and face cleansers, among other personal care products also incorporate egg among other ingredients.
Furthermore, egg demand is likely to increase in the near future, as cosmetics companies increasingly use it as a key ingredient in their natural and organic-based products to maximize their benefits.
Furthermore, as the number of working women grows, so does expenditure on cosmetics and personal care, which is expected to be a market driver in the coming years.
Given the rapid expansion of internet retailing and the growing number of manufacturers that have created stores on key internet retailing websites, the online sales channel for egg would contribute considerably to driving the market's revenues. Despite its low revenue share compared to traditional retailing channels, integrated online sales platforms, changes in the online purchasing experience for consumers, shipping, and a broader variety of online payment options are expected to drive rapid growth of this channel during the forecast period. As a result, internet shopping is expected to be the fastest-growing sales channel for eggs and its products over the forecast period.
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A shift in consumer taste toward processed meals, rising focus on egg products, developments in egg processing techniques, and increased consumer understanding in developing countries are driving leading egg manufacturers. The market is highly fragmented, with various egg producers and their products vying for a piece of the market share.
Numerous strategic partnerships, joint ventures, and merger and acquisition operations have occurred in the global egg sector between 2017 and 2021, and this trend is projected to continue over the forecasted period, as several prominent companies strive to solidify their positions in the egg space.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Type, End Use, Sales Channel and Region |
| Key Companies Profiled |
Cal-Maine Foods; Rose Acre Farms; Charoen Pokphand Group; ISE Foods Inc.; Ballas Egg Products Corporation; Rembrandt Enterprises, Inc.; Interovo Egg Group BV; Honeyville, Inc.; Gruppo Eurovo; Kewpie Corporation; Ovo farms; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Egg and Egg Products Market is expected to reach nearly USD 12.3 Billion by 2022 end.
The Egg and Egg Products Market is anticipated to reach a valuation of USD 24.2 Billion by 2032 end.
The Egg and Egg Products Market is expected to register 7.0% CAGR between 2022 and 2032.
Demand for egg in North American countries is anticipated to drive the demand during the forecast period of 2022 to 2032.
Few of the key players in the market are Cal-Maine Foods, Rose Acre Farms, Charoen Pokphand Group, ISE Foods Inc., Ballas Egg Products Corporation, Rembrandt Enterprises, Inc., Interovo Egg Group BV, Honeyville, Inc. among others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Type 6.2. End Use 6.3. Sales Channel 7. Global Market Analysis and Forecast, By Type 7.1. Whole Egg 7.2. Egg White 7.3. Egg Yolk 7.4. Egg Powder 7.5. Liquid Egg 7.6. Frozen Egg 7.7. Specialty Egg 7.8. Dried Egg 7.9. Others 8. Global Market Analysis and Forecast, By End Use 8.1. Food & Beverages 8.2. Bakery 8.3. Confectionery 8.4. Sauces & Dressing 8.5. Others 8.6. Personal Care & Cosmetics 8.7. Pharma 8.8. Dietary Supplements 8.9. Animal Feed & Pet Food 8.10. HoReCa 8.11. Others 9. Global Market Analysis and Forecast, By Sales Channel 9.1. Offline Sales Channel 9.2. Supermarkets/Hypermarkets 9.3. Departmental Stores 9.4. Convenience Store 9.5. Other Sales Channel 9.6. Online Sales Channel 9.7. Company Website 9.8. E-commerce Platform 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Type, End Use, and Sales Channel for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Cal-Maine Foods 20.2. Rose Acre Farms 20.3. Charoen Pokphand Group 20.4. ISE Foods Inc. 20.5. Ballas Egg Products Corporation 20.6. Rembrandt Enterprises, Inc. 20.7. Interovo Egg Group BV 20.8. Honeyville, Inc. 20.9. Gruppo Eurovo 20.10. Kewpie Corporation 20.11. Ovo farms 20.12. Others
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Egg and Egg Products Market
