Poultry Eggs Market to Grow with a CAGR of 5.6% Globally through to 2028
Rising disposable incomes, increasing urbanization,
and a growing demand for protein-rich foods are factors driving the Global
Poultry Eggs market in the forecast period 2024-2028.
According to TechSci Research report, “Global Poultry
Eggs Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Poultry Eggs Market stood at USD 84.6 million
in 2022 and is anticipated to grow with a CAGR of 5.6% in the forecast period,
2024-2028. This growth is being driven by rising disposable incomes, increasing
urbanization, and a growing demand for protein-rich foods.
As disposable incomes rise, consumers are more willing
to spend money on high-quality, nutritious foods. This is driving demand for
poultry eggs, which are a relatively affordable source of protein. Urbanization
is leading to a shift in dietary patterns, with consumers increasingly consuming
processed and convenience foods. This is driving demand for egg products, such
as liquid eggs and dried eggs. There is a growing demand for protein-rich
foods, as consumers become more aware of the importance of protein for health
and well-being. This is driving demand for poultry eggs, which are a
high-quality source of protein.
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There is a growing trend towards the development of
new egg products, such as liquid eggs, dried eggs, and egg-based snacks. These
products are more convenient for consumers and have a longer shelf life. There
is a growing focus on sustainability in the poultry eggs industry. This is
leading to the development of more environmentally friendly farming practices
and the use of recycled packaging materials. E-commerce
is becoming increasingly popular for the purchase of poultry eggs. This is
providing consumers with greater convenience and choice. The global poultry eggs market is expected to
continue to grow in the years to come, driven by the factors mentioned above.
The market is expected to be supported by rising disposable incomes, increasing
urbanization, and a growing demand for protein-rich foods. However, the market
will also face challenges from outbreaks of avian influenza, concerns about
animal welfare, and increased competition from alternative protein sources.
The drivers of the poultry eggs market
are multifaceted, encompassing factors related to demographics, health
consciousness, technological advancements, culinary trends, and economic
considerations. The interplay of these drivers creates a dynamic environment
that continues to shape the growth and evolution of the poultry eggs market on
a global scale. The poultry eggs market is dynamic, with evolving consumer
preferences and trends shaping the industry. From specialty and functional eggs
to sustainable practices and technological advancements, these trends reflect
the industry's adaptability to meet the changing demands of a diverse and
conscious consumer base. Producers, retailers, and stakeholders in the poultry
eggs market will continue to explore innovative solutions to stay competitive
and address emerging consumer needs.
As the global population continues to
increase, there is a corresponding rise in the demand for food, including
protein sources like eggs. Eggs are a cost-effective and widely available
protein option, making them a staple in diets worldwide. Increased awareness of the
nutritional benefits of eggs, including being a rich source of high-quality
protein, vitamins, and minerals, has contributed to growing consumer demand.
Scientific studies highlighting the positive impact of eggs on health have
reinforced their status as a nutritious food choice. With a growing focus on
health and wellness, consumers are seeking nutritious and wholesome food
options. Eggs, known for their nutritional density, appeal to health-conscious
individuals looking to incorporate protein-rich and nutrient-dense foods into
their diets. Ongoing culinary trends and innovations, such as the
development of new egg-based products and recipes, contribute to the sustained
interest and demand for eggs. Creative applications in the food industry,
including the incorporation of eggs into convenient and ready-to-eat products,
attract consumers looking for diverse and interesting food options.
The Global Poultry Eggs Market is segmented into type,
application, distribution channel, regional distribution, and company.
Based on type, Shell eggs are the most
dominating type of egg, accounting for largest global egg production. This is
due to their versatility, affordability, and long shelf life. Shell eggs can be
used in a wide variety of dishes, from simple scrambled eggs to elaborate cakes
and pastries. They are also a relatively inexpensive source of protein and
other nutrients.
Based on region, Asia-Pacific is the dominating region
in the global poultry eggs market, accounting for largest global consumption.
This is due to several factors, including large population, rising disposable
incomes, growing urbanization. Asia-Pacific is the most populous region in the
world, with over 60% of the global population.
Major companies operating in Global Poultry Eggs Market
are:
- 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
- Ukrlandfarming PLC
- Agroholding Avangard
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“The poultry eggs market is experiencing robust growth
driven by factors such as increasing global population, rising consumer
awareness of the nutritional benefits of eggs, and the versatility of eggs in
various culinary applications. Emerging trends like the demand for specialty
and functional eggs, sustainability initiatives, and technological advancements
further contribute to market expansion. Additionally, the shift towards online
retail channels and the development of innovative egg-based products enhance
accessibility and meet evolving consumer preferences. This collective momentum
positions the poultry eggs market for sustained growth, offering opportunities
for producers and stakeholders to capitalize on the diverse dynamics shaping
the industry.,” said Mr. Karan Chechi, Research Director with TechSci Research,
a research-based management consulting firm.
“Poultry Eggs Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Shell Eggs, Specialty Eggs, Processed Egg
Products), By Application (Household, Commercial), By Distribution Channel (Departmental
stores, Specialty Stores, Online, Others), By Region, By Competition, 2018-2028”, has evaluated
the future growth potential of Global Poultry Eggs Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Poultry Eggs Market.
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