Egg and Egg Products Market

Egg and Egg Products Market Outlook (2022-2032)

[250 Pages Report] The global Egg and Egg Products Market is expected to reach market valuation of USD 12.3 Bn by the year 2022, accelerating with a CAGR of 7.0% by 2022-2032. Egg sales are likely to account for ~44.7% of the overall protein market, which is anticipated to be valued at USD 27.5 Bn by 2022 end.

FMI analysis indicates that the Egg and Egg Products Market will witness moderate growth over the forecast period owing to their long shelf life, application in multiple end-use products and ease of handling. Moreover, rising demand for “free-from” products is projected to allow manufacturers to take advantage of this opportunity to develop new products in the Egg and Egg Products Market.

How Does Egg and Egg Products Market Historic and Future Outlook Compare?

Historically, the Egg and Egg Products Market grew at a CAGR of around 6.2% during the 2017-2021 time period. Sugar-free, gluten-free, and fat-free food products are becoming increasingly popular among consumers because they help them maintain a healthy diet and avoid weight gain. Furthermore, the widespread use of egg as a natural component to nourish skin and hair in cosmetics and personal care products aided the market's expansion.

Furthermore, protein powders were only available in casein and whey protein, both of which are dairy-based protein powders, rendering them inaccessible to persons with dairy allergies. Egg, on the other hand, is lactose-free, making it a great alternative to dairy-based protein powders for many people with dairy allergies, resulting in an increase in egg demand.

Furthermore, top players in the market are focusing on producing eggs with higher protein content to address the recent shift in preference for food items that better maintain the health of consumers to further boost the Egg and Egg Products Market. Thus, in the forecast period, the Egg and Egg Products Market is anticipated to be worth USD 24.2 Bn growing at a CAGR of 7.0%.

How is Interest of Customer for “Free-From” Label Augmenting Sales of Egg?

Consumers along with food and beverage companies around the world have always been interested in healthy and "free-from" products. Additionally, egg's allergen-free profile has been and will continue to be one of the most significant selling points for the product due to its protein-rich, meat-free properties.

As food processing corporations strive to unleash the protein-rich characteristics of clean label ingredients to appeal to a rising pool of health-conscious customers, rivals in the egg industry are expected to keep an eye on the potential emerging in East Asia.

Nandini Roy Choudhury

Principal Consultant

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Country-wise Insights

How is the Sales of Egg in the U.S. Shaping?

The Egg and Egg Products Market in the United States is likely to grow over the forecast timeframe, primarily due to an increasing number of specialty stores in developed markets that offer protein-rich dietary supplements, which is expected to boost regional market expansion. Furthermore, a significant portion of the country's population is lactose intolerant, making reaching the body's daily protein requirements more difficult. As a result, given the high protein content of eggs, demand for this source of protein is expected to rise in the country over the projection period.

Why is Consumption of Egg in China Surging?

The Egg and Egg Products Market in China is expected to grow over the forecast period, owing to rising awareness of the health benefits of eggs and the adoption of a healthy lifestyle, which has resulted in higher demand for healthier and lower-calorie food items. Furthermore, greater personal disposable income and a growing population are predicted to assist the country's market growth. China is predicted to make significant contributions to the East Asian Egg and Egg Products Market due to their economies' tremendous growth potential.

Furthermore, because of the country's large output, enterprises are focusing on supplying eggs to meet the growing demand from the food and beverage industry. Throughout the projection period, this factor is likely to drive egg sales in China.

Why is there a Rising Demand for Egg in Germany?

The European Union market absorbs the majority of eggs produced and its products, in addition to exports. German consumers are accustomed to high-quality, hygienic, and nutritional products manufactured in the country, resulting in increased consumption of healthy bakery and confectionary products across the country, which is predicted to fuel egg demand over the forecast period.

Category-wise Insights

Why Egg is of High Demand in The Personal Care Market?

Egg moisturizes and protects hair from heat and pollution damage, preventing dryness and damage. As a result, different forms of egg are used in the personal care sector to make shampoos and conditioners. Moisturizers, sunscreens, and face cleansers, among other personal care products also incorporate egg among other ingredients.

Furthermore, egg demand is likely to increase in the near future, as cosmetics companies increasingly use it as a key ingredient in their natural and organic-based products to maximize their benefits.

Furthermore, as the number of working women grows, so does expenditure on cosmetics and personal care, which is expected to be a market driver in the coming years.

How are Online Sales Channels for Egg Contributing towards Sales?

Given the rapid expansion of internet retailing and the growing number of manufacturers that have created stores on key internet retailing websites, the online sales channel for egg would contribute considerably to driving the market's revenues. Despite its low revenue share compared to traditional retailing channels, integrated online sales platforms, changes in the online purchasing experience for consumers, shipping, and a broader variety of online payment options are expected to drive rapid growth of this channel during the forecast period. As a result, internet shopping is expected to be the fastest-growing sales channel for eggs and its products over the forecast period.

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Competitive Landscape

A shift in consumer taste toward processed meals, rising focus on egg products, developments in egg processing techniques, and increased consumer understanding in developing countries are driving leading egg manufacturers. The market is highly fragmented, with various egg producers and their products vying for a piece of the market share.

Numerous strategic partnerships, joint ventures, and merger and acquisition operations have occurred in the global egg sector between 2017 and 2021, and this trend is projected to continue over the forecasted period, as several prominent companies strive to solidify their positions in the egg space.

Scope of the Report

Egg and Egg Products Market by Category

By Type, Egg and Egg Products Market is Segmented as:

• Whole Egg
• Egg White
• Egg Yolk
• Egg Powder
• Liquid Egg
• Frozen Egg
• Specialty Egg
• Dried Egg
• Others

By End Use, Egg and Egg Products Market is Segmented as:

• Food & Beverages
  • Bakery
  • Confectionery
  • Sauces & Dressing
  • Others
• Personal Care & Cosmetics
• Pharma
• Dietary Supplements
• Animal Feed & Pet Food
• HoReCa
• Others

By Sales Channel, Egg and Egg Products Market is Segmented as:

• Offline Sales Channel
  • Supermarkets/Hypermarkets
  • Departmental Stores
  • Convenience Store
  • Other Sales Channel
• Online Sales Channel
  • Company Website
  • E-commerce Platform

By Region, Egg and Egg Products Market is Segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa