Ever since the domestication of several different poultry species such as chicken began, eggs have been considered as a nutritious food source for human beings. Both egg whites and yolk have nutritional properties that provide nutrient fulfillment in people’s daily diets. The yolk contains several fat-soluble vitamins, which include vitamins A, D, and E, and several different fats which include the essential omega-3 fatty acids, whereas most protein is found in egg whites. Eggs have also been used as an ingredient for several recipes that involve baking since eggs provide the properties of binding, coating, and glazing, and also help create texture and structure for bakes and cakes. The several health benefits include being nutritionally rich, a complete source of protein, a source of choline, supporting heart health, eye health, protection against sarcopenia, helping in weight management, optimising body composition, improving the immune system, and a low planetary impact. Hence, eggs are considered an affordable source of highly digestible protein and contain several vital nutrients that can improve the function of the body.
Introduction:
The global poultry egg market is expected to witness significant growth during the forecasted period of 2024-2029. The factors that affect the market growth are the increasing poultry population, which is followed by the increase in production and consumption of eggs worldwide. The increase in both factors will provide the necessary boost required for the poultry eggs market growth during the forecasted period.
Market Drivers:
- Poultry population: The increase in population of poultry species such as chicken, ducks, fowl, quail, and many others factors is one of the major growth drivers of the market. As per the Livestock Census 2019 conducted by the Department of Animal Husbandry & Dairying, Ministry of Fisheries, Animal Husbandry and Dairying, the total poultry population in India accounted for 851.81 million in 2019, which is an increase from the previous census of 2012. Also, as per the Food and Agriculture Organization, chickens accounted for 94% of the world’s total poultry, followed by ducks (3%), and turkeys (1%) in 2021. Chicken contributes to the majority of egg production, with 93% of the global egg production. Regionally, Asia has the highest non-chicken poultry egg production of 10%, followed by 1% in the Americas, 0.6% in Oceania, and 0.5% in Europe. As the population of the poultry species is expected to show positive growth, it will contribute to the poultry egg market growth as well during the forecasted period.
- Increasing consumption and production of eggs: The increase in production and consumption of eggs is one of the major factors that contribute to the poultry egg market growth. As per Our World in Data, the global production of eggs displayed an increase from 78.11 million tonnes in 2015 to 92.56 million tonnes in 2021. Also, the global per capita consumption of eggs displayed an increase from 9.13 kg per year in 2015 to 10.33 kg per year in 2020. The increase in production and consumption can be linked to the increasing awareness of the nutritional value and benefits of consuming eggs. This increase in production and consumption will be expected to increase as per the increasing growth in the data over the years. This will provide the necessary boost for the global poultry eggs market growth during the forecasted period of 2024-2029.
Key Players:
- Cal-Maine Foods, Inc.: An American company that is known for the production of consistent, high-quality fresh shell eggs and egg products in the United States.
- Rose Acre Farms: A family-owned American company that is known to be the second largest egg producer in the United States, with over 15 laying facilities in seven states. They provide a wide range of products, which include commodity shell eggs, specialty eggs, and egg products.
Regional Analysis:
Asia Pacific region is expected to witness significant growth in the poultry eggs market during the forecasted period of 2024-2029. China and Japan are considered the leaders due to the per capita egg consumption in 2020. As per Our World in Data.org, the per capita egg consumption in 2020 accounted for 21.66 kg per year in China, which is an increase from 19.44 kg per year in 2015. As for Japan, the per capita egg consumption accounted for 20.06 kg per year, which is an increase from 19.12 kg per year in 2015. It was also found that egg production is also the highest in the Asia region, which accounts for an increase from 48.73 million tonnes in 2015 to 59.61 million tonnes in 2021. The increase in egg consumption and production can be linked to the increase in the health consciousness of consumers and the awareness of the nutritional value eggs provide to human beings. Hence, the increase in consumption and production of eggs in the region will provide the necessary boost to the increased poultry eggs market growth during the forecasted period.
Market Developments:
- October 2023: Cal-Maine Foods announced the acquisition of all egg production assets of Fasio Egg Farms, Inc. Cal-Maine is one of the largest producers and distributors of eggs in the United States, known for the production, manufacturing distribution, grading, and marketing of fresh shell eggs, which include cage-free, organic, brown, nutritionally enhanced, and pasture-raised eggs. The acquisition of assets includes commercial shell egg production and processing facilities that have a capacity of approximately 1.2 million laying hens (cage-free), feed mills, pullets, fertilizer production, and land located in Utah, Erda, and Salt Lake City.
Segmentation:
- By Egg Type:
- Shell Eggs
- Processed Eggs
- By Production Method:
- Conventional Eggs
- Cage-Free Eggs
- Free-Range Eggs
- Organic Eggs
- Omega-3 Enriched Eggs
- By Distribution Channel:
- Retail Stores
- Specialty Stores
- Online Retail
- By Geography:
- North America
- United States
- Canada
- Mexico
- South America
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others