The global egg and egg products market would reach USD 14.1 billion in 2024. Sales are likely to grow at a 7.3% CAGR between 2024 and 2034, to reach a valuation of USD 28.6 billion by 2034.
| Attributes | Description |
|---|---|
| Estimated Global Egg and Egg Products Market Size (2024E) | USD 14.1 billion |
| Projected Global Egg and Egg Products Market Value (2034F) | USD 28.6 billion |
| Value-based CAGR (2024 to 2034) | 7.3% |
The egg and egg products market is evolving rapidly. This is primarily due to changing consumer preferences and an increasing need for innovation. Businesses are, thus, embracing ongoing trends that go with consumer needs and changing dietary preferences.
Sustainability is another key trend, with growing preference for ethically-sourced, free-range, and organic eggs. Reducing carbon footprints and environmental impact through eco-friendly practices and packaging, such as biodegradable packaging and recyclable materials, will resonate with eco-conscious buyers.
In addition to these, health-conscious consumers are gravitating toward functional foods, which are creating a demand for foods rich in omega-3s, proteins, vitamins, and antioxidants. Moreover, with the rising popularity of plant-based diets that offers high-quality egg alternatives or plant-based egg products, businesses can tap into the vegan and allergen free food market.
However, avian influenza, in the recent past, has significantly impacted the egg and poultry market. Outbreaks led to the culling of infected flocks, resulting in reduced supply and increased prices. Consumer concerns about food safety hindered the demand for poultry products. Additionally, strict biosecurity measures and trade restrictions further disrupted the market, causing financial strain on producers and contributing to overall market volatility.
Furthermore, the consumption of convenience food is rising, especially among the urban populations. This is driving the popularity of pre-cracked, proportioned, or ready-to-eat egg products that save time and effort for consumers with hectic lifestyles. In 2020, the USDA Economic Research Service (ERS) reported that the consumption of ready-to-eat food products witnessed a significant uptick over the past two decades. Around 47% of the food expenditures in the United States went toward ready-to-eat meals, such as take outs and frozen food products.
Egg companies are, thus, capitalizing on these trends and developing new convenience-focused products, such as ready-to-cook egg blends, scrambled egg kits, or even fully cooked egg products like hard-boiled eggs and omelets.
For instance, in September 2024, Cal-Maine Foods, Inc. completed a strategic investment with Crepini LLC. The company also launched several innovative egg products, such as pre-cracked, liquid eggs, hard-boiled eggs, and egg-based meal kits.
The introduction of these convenient egg products has had a positive impact on Cal-Maine Foods' revenue growth. While the company has been primarily known for its traditional egg sales, its shift toward more processed and convenient egg products has opened up new revenue streams
Cal-Maine’s investment of USD 6.75 million in Crepini would enable the joint venture to purchase equipment and expand its operations. This funding supports the scaling of Crepini’s production, which could lead to increased sales volume and, consequently, higher revenue for Cal-Maine as it owns a majority (51%) stake in the new entity.
Beyond the Shell: Rise of Sustainability and Plant-based Alternatives in Egg and Egg Products
The shift toward plant-based foods responds to environmental and health concerns. Rising interest in veganism is reshaping views on animal-derived products, including eggs. Egg consumption has, thus, remained strong due to nutritional value and versatility. However, plant-based egg alternatives are gaining popularity. Ingredients like mung beans and soy are commonly used.
In India, about 25 million people follow a plant-based diet. This represents 2% of the population. The USA and UK also see growth, with 3 million and 1.5 million plant-based dieters, respectively. Concerns about animal farming's environmental impact are observed to be driving this trend.
Younger consumers, like millennials and Gen-Z, are also leading this change. They push the food industry to innovate. Companies are offering both plant-based egg products and sustainable egg production methods. This increases demand for alternatives alongside traditional eggs.
Breaking New Ground: How Egg and Egg Products’ Companies are Shaping the Future with Sustainability and Plant-Based Innovation
Leading brands in the egg and egg products market are adapting to sustainability and plant-based trends. They are embracing innovation and responding to changing consumer demands. In the United States, major egg producers are adopting ethical practices.
They offer cage-free and pasture-raised eggs to address animal welfare concerns. Vital Farms provides eggs from chickens with outdoor access, catering to the demand for ethical sourcing. By promoting transparency, these companies capitalize on the rising demand for ethically produced food.
Additionally, companies are diversifying into the plant-based sector. Eat Just Inc. has developed "Just Egg," a plant-based alternative made from mung beans. This product appeals to plant-based consumers in the USA, where vegan demand is increasing. It is marketed as both a vegan option and a sustainable choice, given its lower environmental impact compared to animal agriculture.
Hampton Creek, now known as Just, has pioneered replicating traditional egg textures and flavors using plants. Hampton Creek is, thus, successful in attracting health-conscious and eco-conscious consumers. This aligns with the growing preference for sustainable foods.
In India, companies like GoodDot and Planton are emerging. They offer plant-based egg alternatives that cater to local tastes and dietary preferences. These companies are tapping into the growing interest in veganism.
To sum it up, traditional egg producers are improving feed quality, reducing carbon footprints, and enhancing waste management. With sustainability influencing purchasing decisions, brands are using it as a differentiator to meet market expectations while retaining loyal customers who prefer traditional egg products.
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Trend: As demand for transparency about food sourcing rises, eggs with detailed traceability-such as knowing the exact farm and conditions under which the eggs were laid-are gaining traction. Moreover, technologies like blockchain are being used extensively to provide detailed tracking of eggs from farm to consumer.
Competitive Advantage: Companies can capitalize on this trend by offering eggs with certified traceability, showcasing their commitment to quality and transparency.
Impact: By providing a verified and transparent sourcing process, companies can differentiate themselves as leaders in consumer trust, which can justify premium pricing.
Trend: The growth in the wellness market is aiding the demand for functional foods. Eggs are now used in supplements like protein powders and peptides due to their rich amino acid profile and health benefits like muscle recovery and immune support.
Competitive Advantage: Companies can develop or partner for egg-derived functional ingredients. This taps into the health supplements market, positioning them as innovators. They can also attract fitness enthusiasts and health-conscious consumers.
Impact: Companies can expand into high-margin product categories, diversifying beyond traditional eggs.
Trend: Smart packaging is gaining immense traction in food products. Packaging that monitors freshness and provides nutritional information in real-time is becoming more desirable for tech-savvy consumers who prioritize freshness and transparency.
Competitive Advantage: Companies can introduce innovative packaging that provides real-time data on egg freshness and nutrition. This helps consumers make informed choices and ensures product integrity. It can be marketed as a premium feature, distinguishing them from competitors.
Impact: By adopting high-tech packaging, companies can position themselves as quality-focused brands. This enhances customer satisfaction and reduces food waste.
Trend: Automation tools are improving efficiency in small and medium egg farms. Automated feeding systems, egg collection robots, and monitoring systems are key. This trend aims to reduce labor costs and ensure consistent egg quality.
Competitive Advantage: Investing in automation for independent farms guarantees high-quality eggs at competitive prices. This supports local farmers and appeals to consumers who value ethical sourcing.
Impact: Companies can offer competitive pricing while maintaining quality and supporting local farmers. This distinguishes them as brands that build community relationships.
Summary Table of Trends, Key Insights, and Competitive Advantage
| Trend | Advanced Traceability and Transparency |
|---|---|
| Key Insight | Consumer demand for transparency in sourcing is rising. Blockchain and detailed traceability are key. |
| Competitive Advantage | Differentiate through verified traceability, building consumer trust and allowing for premium pricing. |
| Trend | Egg-based Functional Ingredients in Health Supplements |
|---|---|
| Key Insight | Egg-derived protein and peptides are sought after for their health benefits in wellness and supplements. |
| Competitive Advantage | Innovate by offering egg-based ingredients for functional foods, tapping into wellness and fitness markets. |
| Trend | Smart Packaging with Freshness Monitoring |
|---|---|
| Key Insight | Technology-driven packaging that monitors freshness and nutritional data in real-time is emerging. |
| Competitive Advantage | Embrace smart packaging to offer freshness tracking, nutritional transparency, and reduce food waste. |
| Trend | Automation in Small-Scale Egg Farming |
|---|---|
| Key Insight | Small-scale egg farms are adopting automation to reduce labor costs and improve efficiency. |
| Competitive Advantage | Support automation in small farms to ensure consistent, high-quality eggs while fostering local community ties. |
| Country | United States |
|---|---|
| Key Dynamics | Focus on sustainability, ethical farming, plant-based alternatives |
| USPs | Transparency, ethical farming, liquid eggs |
| Emerging Trends | Plant-based substitutes, fortified eggs, convenience |
| Leading Companies | Cal-Maine Foods, Rose Acre Farms, Versova Egg Farm |
| Key Strategies | Automation, vertical integration, plant-based alternatives |
| Country | United Kingdom |
|---|---|
| Key Dynamics | Free-range, organic eggs, consumer focus on sustainability |
| USPs | Welfare-friendly farming, eco-friendly |
| Emerging Trends | Vegan substitutes, traceable, eco-friendly packaging |
| Leading Companies | Happy Egg Co., Moy Park, Lilly’s Eggs |
| Key Strategies | Sustainability, eco-friendly packaging, local sourcing |
| Country | Japan |
|---|---|
| Key Dynamics | High-quality eggs, growing demand for premium products |
| USPs | High-end quality, traceable production |
| Emerging Trends | Processed egg products, functional eggs |
| Leading Companies | Ishikawa Farm, JEPA, Kawasaki Farm |
| Key Strategies | Product differentiation, innovation, sustainability |
| Country | India |
|---|---|
| Key Dynamics | Price sensitivity, rising protein demand, urbanization |
| USPs | Affordable, nutritious eggs |
| Emerging Trends | Processed eggs, fortified eggs |
| Leading Companies | Venkateshwara Hatcheries, Sundaresan Enterprises, Egg Fresh India |
| Key Strategies | Cost-effective production, large distribution networks |
| Country | China |
|---|---|
| Key Dynamics | Largest producer, increasing demand for quality eggs |
| USPs | Freshness, traceability |
| Emerging Trends | Processed eggs, egg substitutes, food safety |
| Leading Companies | Dalian Hanwei, Fujian Sunner |
| Key Strategies | High-volume production, biosecurity, automation |
The United States egg and egg products market is expected to account for around 14.1% of revenue share in the global market. Sustainability and animal welfare are shaping consumer preferences for cage-free and organic eggs. Demand for plant-based egg alternatives and functional eggs, like omega-3 and vitamin-enriched options, is increasing.
Key companies in the United States emphasize product transparency, showcasing sustainable farming and ethical practices. Processed egg products, such as liquid and powdered eggs, are gaining popularity, particularly in foodservice.
Additionally, convenience products and egg substitutes are on the rise, with innovations like plant-based eggs made from mung beans. Egg fortification is another factor driving the demand for egg and egg products in the United States.
Major players include Cal-Maine Foods, Rose Acre Farms, and Versova Egg Farm. These companies focus on large-scale production with a growing emphasis on cage-free eggs and sustainability. These companies invest in automation for efficiency, vertical integration for quality control, and plant-based alternatives to tap into vegan and flexitarian markets.
Sales are in the United Kingdom are expected to register 5.8% CAGR over the forecast period. The United Kingdom is experiencing a strong shift toward free-range and organic eggs. This change is driven by rising consumer awareness of animal welfare and sustainability. Interest in fortified eggs with health benefits is also growing.
Companies like Happy Egg Co. highlight welfare-friendly farming practices. Eggs from free-range and pasture-raised hens are viewed as premium products. Additionally, demand for egg substitutes is increasing, especially among vegan and flexitarian diets.The market is also seeing a shift toward traceable and eco-friendly packaging.
The Happy Egg Co., Moy Park, and Lilly’s Eggs are a few of the leading companies in the free-range and organic egg segments. These companies focus on sustainability by investing in eco-friendly packaging and solar-powered farms. They also cater to conscious consumers by promoting local sourcing and ensuring high animal welfare standards.
Japan is known for its high-quality eggs. The demand for premium eggs, like those from free-range and omega-3 enriched hens, is increasing. Eggs are also vital in traditional Japanese cuisine.
Companies like Ishikawa Farm provide high-end, well-cared-for eggs that attract health-conscious consumers. Unique qualities, such as yolk color and taste, are marketed as premium features.
Additionally, Japan is seeing a rise in demand for processed egg products, such as liquid eggs for quick meals, and functional eggs targeting health-conscious consumers. Leading companies focus on product differentiation through quality, innovation in processed eggs, and offering premium, health-focused options. They are also exploring sustainable practices and traceability to enhance consumer trust.
The market in India is rapidly growing due to increasing urbanization, rising disposable incomes, and the popularity of eggs as an affordable protein source. However, price sensitivity remains a significant factor. Indian egg producers focus on affordability and quality control. Companies such as Venkateshwara Hatcheries and Egg Fresh India provide eggs as a low-cost, nutritious protein source.
The market is witnessing a rise in processed eggs (liquid eggs, frozen eggs) due to increasing demand from the food service sector. There is also growing interest in fortified eggs (with omega-3 or vitamin D). Venkateshwara Hatcheries (Venky’s), Sundaresan Enterprises, and Egg Fresh India are some of the leading companies.
These companies focus on cost-effective production, large-scale distribution networks, and product diversification (such as omega-3 enriched eggs). Branding and packaging are also becoming more important as urban consumers seek quality assurance.
China is the world’s largest egg producer and consumer. The country focuses on meeting domestic demand, with an increasing shift toward high-quality, sustainable egg production. Companies highlight freshness and traceability as key selling points. There is also an increasing focus on functional eggs, such as those enriched with omega-3 or other nutrients.
Growing interest in processed eggs and egg substitutes as the demand for ready-to-eat and convenient foods increases. There is also a shift toward improving food safety and quality control. Dalian Hanwei and Fujian Sunner are some of the largest egg producers in China.
Leading companies in China focus on high-volume production, vertical integration, and automation to meet growing demand. They also invest in biosecurity and food safety measures, particularly after previous contamination scares.
Principal Consultant
| Country | USA |
|---|---|
| Company | Cal-Maine Foods |
| Recent Development | Expansion of cage-free egg production to meet ethical demand. |
| Financial Impact | Potential long-term revenue growth from premium pricing, with short-term operational cost increases. |
| Country | UK |
|---|---|
| Company | Happy Egg Co. (Moy Park) |
| Recent Development | Sustainability initiative for carbon-neutral operations by 2030 and eco-friendly packaging. |
| Financial Impact | Long-term brand loyalty and premium pricing could boost market share, leading to a 5% sales increase in 2023. |
| Country | Japan |
|---|---|
| Company | Ishikawa Farm |
| Recent Development | Launch of "premium" eggs with traceable sourcing and enhanced flavor. |
| Financial Impact | Short-term investment in premium line, with long-term revenue growth from luxury market share increase. |
| Country | India |
|---|---|
| Company | Venkateshwara Hatcheries |
| Recent Development | Launch of omega-3 enriched eggs targeting health-conscious consumers. |
| Financial Impact | Increased revenue growth from premium-priced functional foods, with modest growth in FY2023 sales. |
| Country | China |
|---|---|
| Company | Dalian Hanwei |
| Recent Development | Partnership with Nestlé to supply liquid eggs and egg ingredients for convenience foods. |
| Financial Impact | Expected 5%-10% revenue growth from expanded market reach and product demand in the convenience food sector. |
Recent Development: Sustainability and Animal Welfare Initiatives
In 2023, Rose Acre Farms, one of the largest USA egg producers, committed to expanding its cage-free egg production to over 80% of its total egg production by the end of 2024. This move is part of their broader initiative to adopt sustainable farming practices and meet growing consumer demand for ethically produced eggs.
Financial Impact:
This transition to cage-free eggs involves substantial capital investment, especially in infrastructure. However, it is expected to provide a premium price advantage for its products in the long run, leading to increased sales. Early reports suggest a moderate increase in sales in 2023, with projected revenue growth of 4-6% in 2024 as consumer preferences shift toward ethically produced products.
Recent Development: Transition to Carbon-Neutral Operations
Moy Park, a leading UK egg producer, announced plans to achieve carbon-neutral operations by 2030. This initiative includes using renewable energy on farms, reducing packaging waste, and enhancing egg production methods to lower carbon emissions.
Financial Impact:
While the transition involves significant upfront costs, the commitment to sustainability is expected to foster brand loyalty among eco-conscious consumers. Moy Park projects a 5% sales increase by 2025 due to rising demand for sustainable products. Their focus on eco-friendly packaging and local sourcing will help differentiate them from competitors.
Recent Development: Launch of High-Quality Omega-3 Enriched Eggs
In 2023, Ishikawa Farm launched a new line of omega-3 enriched eggs, targeting Japan's aging population. These eggs are marketed for health benefits, such as improved heart health and cognitive function, aligning with the growing interest in functional foods.
Financial Impact:
The introduction of omega-3 enriched eggs is expected to lead to modest sales growth, with positive early consumer responses. Ishikawa's focus on health-oriented products aims to capture a niche premium market, projecting an estimated 7-10% revenue growth over the next two years. This health-conscious strategy helps differentiate their brand in a competitive market.
Recent Development: Launch of Frozen and Processed Egg Products
Venkateshwara Hatcheries, under the Venky's brand, launched a new line of frozen egg products, including liquid eggs and frozen egg whites, in 2023. This initiative targets the growing demand for convenience foods in India, particularly among busy urban consumers seeking easy meal options.
Financial Impact:
The launch has generated strong early demand, especially from the foodservice sector. The company expects a 5-7% sales increase over the next year, benefiting from higher margins due to the convenience of processed eggs. This strategy aligns with India’s trend toward convenient, health-conscious food options.
Recent Development: Partnership with Global Food Companies for Processed Egg Products
In 2023, Dalian Hanwei, one of China’s largest egg producers, announced a partnership with global food companies to supply liquid egg products for the convenience food sector. This partnership aims to leverage the growing demand for processed eggs in ready-to-eat meals and convenience foods, both in China and internationally.
Financial Impact:
The partnership is expected to significantly boost Dalian Hanwei’s revenue, with forecasts predicting 5-10% growth in the next year. The company’s investments in automation and quality control will enhance scalability and food safety, crucial for meeting the rising demand for processed eggs in the convenience food market.
| Company | Rose Acre Farms |
|---|---|
| Recent Strategy | Expansion of cage-free egg production |
| Financial Impact | Projected 4-6% revenue growth in 2024, driven by premium pricing |
| Company | Moy Park |
|---|---|
| Recent Strategy | Carbon-neutral operations by 2030, renewable energy adoption |
| Financial Impact | 5% sales growth by 2025 from brand loyalty and eco-conscious consumers |
| Company | Ishikawa Farm |
|---|---|
| Recent Strategy | Launch of omega-3 enriched, premium eggs |
| Financial Impact | Estimated 7%-10% revenue growth from health-conscious, aging population |
| Company | Venkateshwara Hatcheries |
|---|---|
| Recent Strategy | Launch of frozen and processed egg products for convenience foods |
| Financial Impact | Projected 5%-7% increase in sales due to strong demand from foodservice sector |
| Company | Dalian Hanwei |
|---|---|
| Recent Strategy | Partnership with global food companies for processed eggs |
| Financial Impact | Expected 5%-10% revenue growth from expanding market reach in convenience foods |
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The market’s value for 2019 was estimated to be USD 10.2 billion.
The market is predicted to reach a size of USD 28.6 billion by 2034.
The market is anticipated to be valued at USD 14.1 billion in 2024.
The market is predicted to witness a CAGR of 7.3% during the forecast period.
India is set to be a promising country, with a CAGR of 7.4% over the next ten years.
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Egg and Egg Products Market
