Poultry Eggs Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, Mexico, China, Japan, India - Size and Forecast 2024-2028

Poultry Eggs Market Forecast 2024-2028

The Poultry Eggs Market size is projected to increase by USD 83.25 million and the market size is estimated to grow at a CAGR of 5.6% between 2023 and 2028.

The rise in global egg consumption and production is notably driving the market growth during the market growth. The global per capita consumption of eggs grew at a steady rate in the last decade, primarily driven by countries such as China, Japan, and the US. The growing population also drives the market. This has increased production capacity and supply. For instance, the annual production of eggs in the US was 92.6 billion in 2022. Moreover, with more people becoming health-conscious and aware of the importance of protein consumption, it has led to an increase in the consumption of eggs and egg products. Thus, the rise in global egg consumption and production is expected to fuel the growth of the market during the forecast period.

Market Overview

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Market Segmentation

This report provides a detailed analysis of the market by Product (Shell eggs, Specialty eggs, and Processed egg products) and Geography (APAC, North America, Europe, South America, and MEA).

By Product

The shell eggs segment, which includes unprocessed and non-specialty eggs, accounts for a major share of the market in 2023. The growing demand is due to the increasing demand for low-cost protein diets, especially in developing countries such as India, China, Mexico, and Brazil. The trend of increased egg consumption can also be seen in developed countries such as the US, which is among the largest producers and consumers of shell eggs. Moreover, the growing population and rising disposable incomes have supported the increase in egg consumption in the rest of the world. Thus, the high demand for shell eggs is expected to fuel the growth of the shell eggs segment, thereby driving the market during the forecast period. 

By Application

The market share growth by the household segment will be significant during the forecast period. The household segment held a significant market share in the market by application in 2023. Due to rising consumer awareness about the importance of healthy eating practices, particularly in developed nations, poultry eggs are becoming increasingly popular among households. People, ranging from teenagers to older adults, prefer to include poultry eggs in their diets due to their high protein content. 

The household segment was valued at USD 137.92 million in 2018

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Increasing urbanization and the rising number of nuclear families fuel the demand, as eggs are easy to prepare for any meal, with minimal cooking time. In countries that have cold climatic conditions, people prefer to consume eggs as they contain zinc, which helps in overcoming common winter illnesses, such as cold or flu. Moreover, the easy adaptability of eggs to different types of recipes is expected to fuel the growth of the household segment, which, in turn, will spur the growth of the market during the forecast period.

Key Regions 

APAC is estimated to contribute 53% to the growth of the global market during the forecast period

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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The rising awareness about health and wellness among consumers is expected to increase sales in the region during the forecast period. China, Japan, and India are some of the major markets for poultry egg consumption in APAC. The major producers in APAC are China, India, Japan, and Indonesia. China was the highest producer in 2023 and accounted for around one-third of the global production. The consumption of eggs is increasing in China due to the negative publicity surrounding the potential health impacts of red meat consumption and the environmental and ethical concerns regarding cattle and poultry farming. Hence, a greater number of consumers are seeking alternative sources of protein, such as eggs. 

Moreover, a majority of the eggs consumed in the country are produced from caged birds. However, eggs sold in the country usually contain high nutrient content with high levels of vitamins and omega-3 fatty acids, such as docosahexaenoic acid (DHA) and eicosapentaenoic acid (EPA). Thus, the high production and growing consumption of poultry eggs in the region is expected to fuel the growth of the regional market during the forecast period.

Market Dynamics 

The market is a vital component of the food industry, driven by factors such as egg production, poultry farming, and evolving consumer preferences for quality assurance and food safety. With an emphasis on packaging solutions and grading standards, producers employ processing techniques that align with free-range practices and organic farming methods to meet nutritional value and dietary benefits expectations. Efficient farm management, coupled with robust supply chain logistics and distribution channels, ensures seamless operations from production to consumption. Compliance with food safety standards and industry regulations remains paramount, reinforced by inspection protocols and adherence to quality standards. The market caters to diverse consumer demands, including specialty eggs, free-range, and organic varieties, particularly in developed nations with higher disposable incomes, reflecting evolving consumption trends and pricing strategies. Advanced farm management software aids in optimizing the collection process and maintaining product quality throughout processing and distribution phases.

Key Market Trends

The surge in the demand for convenient food items emerges as a notable trend influencing market expansion. Convenience foods, requiring minimal time and effort for preparation, witness heightened popularity among consumers, indirectly driving the market for bakery and other ready-to-eat (RTE) and ready-to-cook products. In today's fast-paced lifestyles, there is a burgeoning preference for convenience food across the food industry. Consequently, there is an uptick in demand for bread and various bakery items, positively impacting the global market's growth trajectory.

Furthermore, specialty egg products serve as convenient food options, catering directly to consumers or food service establishments. Eggs strike a perfect balance between convenience and nutrition, offering protein, vitamins, and minerals while being versatile and easily prepared. As a result, the increasing integration of eggs into convenience food items is poised to bolster market growth throughout the forecast period.

Major Market Challenge 

The increasing popularity of vegan diets is a significant challenge hindering the market growth. The increasing popularity of vegan diets is one of the major challenges that can influence the market during the forecast period. The number of consumers adopting veganism is rising globally and is expected to increase further during the forecast period. Consumers are opting for vegan diets primarily due to health benefits such as the reduced risk of obesity and improved heart health. The number of consumers opting for vegan diets increased by about 300% over the last decade. Owing to the growing popularity of veganism, vegan alternatives and the instances of new vegan product launches are increasing.

Additionally, Eat Just expanded its retail presence to over 17,000 stores in the US in September 2020. The company also launched its products in Canada in July 2020 through Walmart stores. Such product launches and expansion of vegan egg product offering companies will continue to negatively affect the demand, thereby affecting the market during the forecast period.

Company Overview

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

• Key Offering- Cal Maine Foods Inc. : The company offers poultry eggs which is high quality fresh shell eggs and egg products.
• Key Offering- Charoen Pokphand Foods PCL: The company offers poultry eggs such as cage-free eggs and fresh eggs, and it is considered a low-carbon product in Thailand. 
• Key Offering- Granja Yabuta: The company offers poultry eggs under brands such as granel, embalados, and filmados

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 9 market companies, including:

• ISE FOODS Inc.
• Proteina Animal SA DE CV
• Rose Acre Farms
• Suguna Foods Pvt. Ltd.
• Trillium Farm Holdings LLC
• Ukrlandfarming PLC

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The poultry eggs market revolves around egg production, emphasizing quality assurance and adherence to grading standards. Processing techniques and packaging solutions ensure freshness and safety, catering to diverse consumer preferences. From cage-free and free-range practices to organic farming methods, the market offers varied options reflecting nutritional value and dietary benefits. Efficient farm management, supply chain logistics, and distribution channels enable seamless delivery, supported by robust storage facilities. Compliance with food safety standards and inspection protocols assures consumers of product integrity. Pricing strategies align with consumption trends, while collection processes leverage farm management software for streamlined operations. Industry regulations and collaboration through producers associations strengthen supplier networks, ensuring consistent availability and quality across the market.

The egg poultry market showcases diverse dynamics influenced by various factors. Shell color variation, a unique trait, contributes to consumer preferences, while cage-free farming practices align with growing demand for sustainable food options and emphasize animal welfare. Packaging innovations, such as carton design, cater to market demand and enhance product presentation. Quality assurance involves rigorous washing procedures and shell strength assessment to ensure food safety.

Consumer trends favor organic and free-range eggs, known for enriched omega-3 content and perceived benefits for individual health. Technological advancements drive automation and artificial intelligence adoption, enhancing traceability and reducing food waste while extending shelf life. Market analysis involves past, present, and future assessments, employing robust research methodologies encompassing primary and secondary research, expert advice, and economic, social, and political factors. Major players' profiles, financial statements, and strategic approaches influence market positioning, driving positive changes and fostering growth amid evolving market landscapes.

Segment Overview

The market growth and forecasting report covers market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

• Application Outlook 
  • Household
  • Commercial

• Product Outlook 
  • Shell eggs
  • Specialty eggs
  • Processed egg products

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile 
    • Brazil 
    • Argentina
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Poultry Eggs Market Scope
Market Report Coverage	Details
Page number	148
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.6%
Market Growth 2024-2028	USD 83.25 million
Market structure	Concentrated
YoY growth 2023-2024(%)	4.76
Regional analysis	APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 53%
Key countries	US, Mexico, China, Japan, and India
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Cal Maine Foods Inc., Charoen Pokphand Foods PCL, Granja Yabuta, ISE FOODS Inc., Proteina Animal SA DE CV, Rose Acre Farms, Suguna Foods Pvt. Ltd., Trillium Farm Holdings LLC, and Ukrlandfarming PLC
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Our market growth analysis report includes a thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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