Global Eggs Market Size, Share and Growth Analysis Report - Forecast Trends and Outlook (2024-2032)

Global Eggs Market Growth

The growth of Canada’s agricultural industry, supported by increasing government incentives, is expected to facilitate egg production and consumption. In 2023, Canada’s egg production industry generated USD 1.8 billion in cash receipts, with the majority of egg producers present in Quebec and Ontario (52%), its Western provinces and the Northwest Territories (44%). By production, the table eggs market accounts for 66% of the egg market share in Canada, while processed eggs account for 33% share (mostly consumed by industries, food service, and retail stores). Over the forecast period, increasing consumer awareness regarding protein consumption is expected to lead to the market growth.

The rising appeal for eggs in the United States is expected to facilitate the egg market development. In 2022, the total production of table eggs in the USA reached 92.6 billion. The country’s commercial egg product producers recorded 308 million laying hens at the end of 2022, with a daily rate of lay averaging 82 eggs per 100 layers. As per the egg market analysis, each laying hen hatches around 300 eggs per year. Over the forecast period, improved disease prevention measures, and better flock management practices are expected to contribute to the market expansion in the forecast period.

Key Trends and Developments

Global Eggs Market Trends

The demand for organic eggs has risen steadily in Germany. In 2020, total egg production in Germany (12.9 billion) recorded a year-on-year increase of 3.4%, which was mainly attributed to the increasing demand for organic and free-range eggs. In 2020, organic egg production increased year-on-year by 8.1% to 1.6 billion eggs, while the number of laying hens surged by 6.8% year-on-year, reaching 440,000.

Global Eggs Industry Segmentation

Global Eggs Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2024-2032, the Asia Pacific is estimated to grow at a CAGR of 6.1% due to the increasing consumer awareness regarding protein consumption and the availability of a greater variety of options. The egg market value in India and China is expected to increase at a CAGR of 7.0% and 5.8% between 2024-2032 respectively, which can be attributed to the anticipated growth of the poultry industry.

Leading Companies in the Global Eggs Market

Major players are focusing on increasing the production of sustainable eggs, thereby fuelling the eggs market development.

Cal-Maine Foods, Inc.

Cal-Maine Foods, Inc. was founded in 1957 and is headquartered in Mississippi, United States. It is the country’s largest distributor and producer of shell eggs.

Rose Acre Farms, Inc.

Rose Acre Farms, Inc. was founded in 1939 and is headquartered in Indiana, United States. It is engaged in pro...

Daybreak Foods, Inc.

Daybreak Foods, Inc. was founded in 1967 and is headquartered in Wisconsin, United States. It is a food and be...

ISE AMERICA, Inc.

ISE AMERICA, Inc. was founded in 1980 and is headquartered in Maryland, United States. It is engaged in manufa...

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other players included in the eggs market report are Hillandale Farms, CPF India Pvt. Ltd., Gemperle Farms, Interovo Egg Group BV, Proteína Animal, S.A. de C.V., and Burnbrae Farms Limited, among others.