Egg Products Market Size

Egg Products Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The egg products market is expected to reach a value of $ 2.66 billion in 2024 and will reach $ 3.89 billion in 2032. This growth is reflected by the average annual growth rate (CAGR) of 6.52% during the forecast period. The growth of this market is mainly due to the rising demand for convenient and healthy food products. Also, the growing trend towards vegetarianism and the growing popularity of egg substitutes will increase the growth of this market. Also, the development of technological methods of processing and preserving the products will play an important role in improving the quality and shelf life of the products, thereby attracting a wider customer base. The leading companies in the egg products market, such as Cal-Maine Foods Inc. and Eggland's Best, are actively pursuing strategic initiatives, such as strategic alliances and product innovations, to take advantage of these opportunities. The recent launch of new, healthy egg products and the development of sustainable farming practices are a clear indication of the industry's response to changing customer preferences and the potential for future growth.

Regional Market Size

Regional Deep Dive

The Egg Products Market is booming in various regions, driven by a growing demand for convenience, health benefits, and sustainable food sources. In North America, the market is characterized by a strong preference for processed egg products, whereas Europe is more concerned with organic and free-range products. Asia-Pacific is growing rapidly, driven by a growing population and the increasing rate of urbanization, which has led to higher rates of consumption. Middle East and Africa is growing in line with the food service industry, whereas Latin America is putting its agricultural strength to good use in a bid to boost production and exports.

North America

• The demand for vegetarian food has led to the development of egg alternatives. JUST EGGS has become a popular brand, mainly because it is health conscious.
• Regulations, such as those on egg production issued by the United States Department of Agriculture, are putting pressure on producers to adopt more humane and sustainable practices. This is influencing the supply chains and the consumers’ choices.
• The major players, such as Eggland’s Best, are launching campaigns that focus on the nutritional value of their products, which should increase brand loyalty and penetration.

Europe

• Among the factors influencing the market and the consumer are the strict regulations of the European Union on the protection of animals, which have led to a shift towards organic and cage-free egg production, and the consequent changes in the preferences of the consumers.
• Pasteurization and liquid egg products, for example, have been adopted by companies such as OVO-Tech to ensure product safety and shelf life.
• The egg industry is expected to change in the long term.

Asia-Pacific

• The increasing urbanization and changing diets in China and India are leading to a growing demand for processed egg products, which has led to the expansion of operations of companies such as Charoen Pokphand Foods.
• Local poultry production is improving, thanks to government initiatives. In India, biosecurity and productivity are the priorities.
• The rise of e-commerce has made egg products more easily accessible, especially in urban areas, which is expected to drive the market.

MEA

• In the United Arab Emirats the catering industry is expanding rapidly. With the growth of the food service industry comes the demand for egg-based dishes in restaurants and hotels, which in turn boosts the demand for egg products.
• In countries such as Saudi Arabia, the government is now introducing new regulations to encourage the development of domestic production, with the aim of reducing imports and enhancing food security.
• Local food preferences are reflected in the development of egg-based products.

Latin America

• Brazil is rapidly becoming an important player in the egg market, with significant investment in the production and processing of eggs.
• The growing middle class of the region demands high-quality egg products, which is why Granja Mantiqueira is concentrating on the premium segment.
• The egg market is a field in which the government is involved, and the government has launched a number of measures to increase the competitiveness of the egg in the international market.

Did You Know?

“The egg is one of the most useful of all foodstuffs, and is the principal ingredient of the diet of nearly all civilised countries.” — Food and Agriculture Organization (FAO)

Segmental Market Size

Egg products are used in the food industry, especially in the food processing and catering industries. The market for egg products is currently experiencing a growth trend, resulting from the increasing demand for convenience foods and diets high in high-quality foodstuffs. The increasing health consciousness and the shift towards plant-based foods are also influencing the market.

Among the main reasons for the growth of the egg industry are the increasing popularity of ready-to-eat food and the growing importance of the catering industry, which relies on the versatility of eggs. The current state of development is one of maturity, with companies such as Eggland’s Best and Cal-Maine Foods leading in innovation and market penetration. In the food industry, the main uses of egg products are in bakery, sauces and dressings, where they act as emulsifiers and binders. Product development and safety are influenced by pasteurization and spray drying.

Future Outlook

The Egg Market is expected to grow at a robust CAGR of 6.52% from 2024 to 2032, from a projected value of $2.66 billion to $3.89 billion. This growth is based on the increasing demand for convenient, high-protein food, as well as the growing trend of healthy eating. The use of egg products in ready-to-eat foods and bakery products is expected to increase significantly, with penetration of these two markets reaching over 30% in 2032.

It is a question of a favourable market development. The main reasons for this are the improvements in the quality and shelf life of eggs, the growing interest in a sustainable development of the food industry and the favourable relations with the consumers. Also the development of liquid egg substitutes and egg powders, which meet the requirements of consumers and food manufacturers, is gaining ground. In addition, the favourable government policy in terms of food safety and local egg production is expected to further boost the market. Also the market development will be influenced by the plant-based alternatives and clean-label products, which will further shape the preferences of consumers and force the manufacturers to keep up with the competition.