Egg and Egg Products Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Egg and Egg Products Market Size was valued at USD 25.1 billion in 2022 and is expected to grow at a CAGR of 7.2% from 2022-2028. Due to increasing demand for proteins in the developing world and increasing per capita egg consumption that was around 279 eggs per person per year in 2017 and awareness among the consumer with the benefits of eggs that provides balanced nutrients that impact human health are the major factors that are driving the growth of the egg and egg products market. Moreover, increasing global population and rise in disposable income and availability of various egg products in the market fuels the growth of the market. However, occurrence of avian influenza type diseases are expected to hinder the growth of the market over the forecast period. Global egg and egg products market is surging owing to strategic collaborations and acquisitions among the market players to expand the portfolio and strengthen their position in the market. Eggs have long been considered an important element of the everyday meals of ordinary men all across the world. The outbreak of avian influenza is unlikely to have an influence on worldwide egg consumption. However, when the public became more aware of the living conditions of egg-laying hens, particularly in developed countries, the traditional cage technique of laying was outlawed.

Key Developments:

In October 2016, Global Egg Corporation has announced that they have entered into an agreement to purchase the Cargill Etobicoke egg processing facility from U.S. based Cargill, Incorporated.

In February 2017, Cal-Maine Foods announced it has agreed to acquire all assets of Happy Hen Egg Farms Inc. – a commercial producer, processor, and distributor of shell eggs located near Harwood and Wharton, Texas.