Global Eggs Market: Country Overview; Recent Events; Value Chain Analysis; Production Process; Cost Structure; Market Dynamics: Drivers & Constraints, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Key Factors Influencing the Quotation; Key Supplier Analysis, 2024-2032

Eggs Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global Eggs market reached a value of about USD 226.54 billion in 2021. The industry is projected to grow at a CAGR of around 6% in the forecast period of 2022-2027 to reach a value of about USD 340.63 billion by 2027.

The global Eggs industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The growing demand for protein-rich food is primarily driving the market's growth. China is the highest category spender by region, driving the need for the Eggs industry.

Industry Definition and Segmentation

An egg is a bird's (mainly that of the ordinary domestic chicken) hard-shelled biological vessel in which a zygote grows until it is capable of self-survival, at which time the animal hatches. Fertilisation of an egg cell produces an egg. The Eggs industry report comprises segments by application (food and beverage, bakery, and personal care) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and Latin America).

China is Driving the Growth of the Eggs Industry

China holds the largest share in the industry owing to the increased knowledge of the health advantages of organic eggs and rising income levels. Other factors like the rising consumer purchasing power, raised concerns about healthy food items, and improved living standards in the region are furthering the industry's growth.

The growing health consciousness is driving the market among consumers. Eggs are high in nutritional content and full of protein, appealing to consumers. The increasing shift towards a protein-rich diet and bodybuilding culture is furthering the product's demand boosting sales in the sector. In addition, private label items are manufactured and sold by retailers as they have begun to roll out their brands of chicken eggs to profit from the growing demand for poultry eggs. This is gaining traction among price-sensitive consumers since they are sold at a competitive price compared to items from significant firms, further propelling the industry's expansion.

However, changing climatic conditions, which are likely to limit the production of eggs, are expected to hamper the market's growth.

Best Procurement Practices

The global Eggs industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Eggs regions, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

Chicks are born in a specialised hatchery where Pullets (young chickens) stay for 18 weeks at a rearing facility. Hens are then transported to a lay house and subjected to an increasing day length with artificial light after reaching their goal body weight. It takes 23-27 hours for an egg to grow and be deposited. The shorter the course, the more eggs will be placed in a row. 25-39 weeks of age is the peak laying phase. The number of eggs laid declines as the lay progresses.

Technological Breakthroughs in the Sector, Further Bolstering the Procurement of Eggs

The industry is witnessing expansion due to the technological improvements in the sector. Producers of poultry and eggs rely on novel poultry and egg storage methods. Furthermore, they are likely to use IoT, big data analytics, robots, and other technologies in their current activities. For example, farmers have begun using robots for egg packing to increase efficiency. Additionally, the introduction of Immune modulators is gaining popularity in animal production because they allow farmers to transition to antibiotic-free farming. Antibiotics are frequently used in animal farming to enhance growth and for medicinal purposes. In addition, a variety of antibiotic alternatives have been developed for various applications. Egg-yolk antibodies in immune modulators, for example, have considerably reduced the risk of necrotic enteritis in hens. In swine, the effectiveness of the same antibodies aids in preventing diarrhoea caused by a variety of diseases.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the Eggs Industry Report

• Cal-Maine Foods Inc
• Avangard Co IPL
• Ballas Egg Products Corporation
• Rose Acre Farms
• Rembrandt Enterprises, Inc.

Market Landscape

Food pricing and consumption patterns are driving the market demand. Individual farm profitability is dependent on effective operations and predicting market demand. Vertically integrated operations and economies of scale benefit large organisations. Small businesses might compete by specialising in certain breeds, providing local markets, or growing hormone-free or ethically treated animals. Players in the worldwide product market have used various development tactics to improve their market share, boost profitability, and stay competitive.

Key Initiatives by Companies

• ST. LOUIS, MO, Dec. 7, 2020 – Benson Hill, a food tech company that uses its leading food innovation engine to unlock nature's genetic diversity, announced today a partnership with Rose Acre Farms, a family-owned soybean processor in Seymour, Indiana, to improve soybean processing capacity and expand the supply chain for Benson Hill's high-protein, high-oleic, low anti-nutrient soybeans.
• Zacks reports that Cal-Maine Foods, Inc. (NASDAQ: CALM) declared a Variable dividend on Tuesday, Mar. 29. On Thursday, May 12, investors of record on Wednesday, Apr. 27, will receive a dividend of 0.125 per share from the basic materials firm. This equates to a 0.9 percent yield. Tuesday, Apr. 26, is the ex-dividend date.