In 2021, Shell Eggs Segment is Expected to Dominate the Market with a 73.90% Market Share Due to Various Product Launches of Shell Eggs

Typically, raw forms of eggs are treated and manufactured into egg products. For instance, the spray drying method combines hot gas with dry powder to create dry powder. Additionally, applying a high temperature during the dehydration process eliminates the water content of the raw eggs. However, the producers must ensure that none of the crucial elements are lost during this procedure. This method is necessary to preserve the product and extend its shelf life.  ​

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The global eggs market is expected to reach USD 6,388.77 million by 2028, from USD 69.25 million in 2020, growing with a CAGR of 77.6% in the forecast period of 2021 to 2028. The market is anticipated to rise as the vegan population grows. The market is anticipated to increase due to the expansion of fast food and restaurant chains and the digitalization of the egg supply. However, the possibility of disease transmission from animal egg sources and the potential for food allergies linked to traditional eggs could limit market expansion. Growing automation in the poultry and processing industries is a potential opportunity for growth. High investment costs in the poultry industry are some factors that limit market expansion.      

Strategic collaborations, acquisitions, and expansions from key players across the world will drive the market's growth rate

Rising demand for eggs and processed egg products is leading to investments and collaborations in the global eggs market. Various investors have several approaches to investments in the egg business. Key players in the market are engaging in strategies, such as acquisitions, mergers, collaborations, and expansions, to expand their business and develop better products in the market. Thus, increasing expansion strategies among key players are expected to act as market opportunities. Additionally, manufacturers are also partnering with other companies to launch new technology or products. Thus, strategic partnerships and product launches by manufacturers are expected to act as an opportunity for the eggs market.

Report Scope and Market Segmentation

Segment Analysis:

The global eggs market is segmented into seven notable segments based on the product type, source, category, packaging type, specialty, end user and distribution channel

• On the basis of product type, the global eggs market is segmented into shell egg, processed eggs. In 2021, shell eggs segment is expected to dominate the market with a 73.90% market share due to various product launches of shell eggs.
• On the basis of source, the global eggs market is segmented into plant- and animal-based eggs. In 2021, animal based egg segment is expected to dominate the market with a 99.94% market share due to the availability of various animal based egg products in liquid form are driving the growth of the market.
• On the basis of category, the global eggs market is segmented into conventional and organic. In 2021, conventional segment is expected to dominate the market with an 89.72% market share due to the increasing demand for conventional eggs in the market.
• On the basis of packaging type, the global eggs market is segmented into trays, boxes & carton, cans, bottles, pouches, others In 2021, trays segment is expected to dominate the market with a 42.78% market share due to the easy availability and easy usage of trays packaging.
• On the basis of specialty, the global eggs market is segmented into gluten free, low cholesterol, high protein and others. In 2021, high protein segment is expected to dominate the market with a 15.70% market share due to the increasing demand for high protein foods such as eggs among health-conscious consumers.
• On the basis of end user, the global eggs market is segmented into retail/household, food service sector. In 2021, retail/household, segment is expected to dominate the market with a 88.34% market share due to the growing application and usage in the retail segment.

The retail/household segment will dominate the end user segment of the eggs market

The retail/household segment will emerge as the dominating segment under end user segment in 2021. This is because of the growing demand for eggs from the retail/households in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of distribution channel, the global eggs market is segmented into store based retailer and non-store based retailer (online). In 2021, store based retailer segment is expected to dominate the market with a 76.09% market share due to the convenience and easy accessibility of a plant-based products in the nearby stores.

The store based retailer segment will dominate the distribution channel segment of the eggs market

The store based retailer segment will emerge as the dominating segment under distribution channel in 2021 with approximately 76% market share. This is because of the growing number of infrastructural development activities and store-based retailers in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

Major Players

Data Bridge Market Research recognizes the following companies as the market players in eggs market: Rose Acre Farms (U.S.), Cal-Maine Foods, Inc. (U.S.), Charoen Pokphand Foods PCL (Thailand), Rembrandt Foods (U.S.), Hillandale Farms (U.S.), Michael Foods, Inc. (U.S.), Kazi Farms Group (Bangladesh), Bachoco (Mexico), Daybreak Foods, Inc. (U.S.), Calvary Egg. (India), Sparboe (U.S.), Mantiqueira Group (Brazil), Herbruck's Poultry Ranch,  Inc (U.S.), Eat Just, Inc. (U.S.), Bob's Red Mill Natural Foods (U.S.), The Veggletto Company Pty Ltd (Australia), and Atlantic Natural Foods (U.S.).

Market Development

• In May 2020, Michael Foods, Inc. announced a new partnership with Eat JUST, Inc., which applies cutting-edge science and technology to create healthier, more sustainable food products. This will help the company to bring the top-selling, plant-based JUST Egg to millions of more consumers in the United States
• In August 2021, Nabati expanded its plant-based products business in the U.S. where products are sold directly to customers through their online platform, nabati.ca.
• In June 2020, Michael Foods, announced the acquisition of Henningsen Foods. This will help the company increase its product portfolio, directly supporting the continued growth of key food ingredient customers.

Regional Analysis

Geographically, the countries covered in the eggs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in eggs market during the forecast period 2021 - 2028

Asia-Pacific is dominating the market. Due to growing knowledge of the health advantages of organic eggs as well as rising income levels, the market for organic eggs is growing more quickly in emerging nations like China and India. Large organic farmlands and chicken farms producing organic eggs are available in China and India, which is promoting the market's expansion. South Korea is also a developing market for organic eggs, which can be attributed to consumers' growing purchasing power, their growing interest in healthy food options, and their rising level of life. In addition, the government's policies, like cheap interest rates and credit facilities, are fostering the expansion of this sector.

North America is estimated to be the fastest growing region in eggs market the forecast period 2021 - 2028

From 2021 -2028, the North America market is anticipated to develop at the highest rate among all regions. Small organic eggs are not frequently found at supermarkets in America. These egg sizes are suitable for food production and domestic consumption. Less than a year old chickens that lay these organic eggs. Due to their little size, the ratio of yolk to white is increased, which causes the yolk to intensify the flavor of your food. Chefs value little eggs, sometimes known as farmer's eggs, for their creamy flavor when cooked. As a result, small eggs are primarily employed in upscale cuisine and high-end food items, which will propel the organic eggs market's expansion through the small segment throughout the projection period.

COVID-19 Impact

The eggs market has seen a rise in demand and sales during the COVID-19 outbreak, when the majority of the industry has been adversely affected. Retail sales of convenience food items have soared during the shutdown because consumers everywhere are panicking about purchasing processed eggs. As a result, the pandemic period has increased the sales of processed eggs goods with the aid of various online grocery platforms and e-commerce. For instance, it is anticipated that internet retail platforms will expand during the research period. However, throughout the pandemic period, market participants were instrumental in increasing their market share on a global scale.

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