Global egg market will grow by 22% over the decade

The global egg market is expected to grow by 22% by 2035. This is the forecast made by RaboResearch analysts, according to WattPoultry.

It is noted that 90% of this growth will be concentrated in emerging markets such as Asia, Africa, and Latin America. At the same time, developed markets are increasingly demanding value-added egg products.

According to the report, per capita egg consumption varies by region, from less than 50 eggs per year in some parts of Africa to 300 eggs in Mexico and Japan.

“Eggs will maintain their strong market position compared to other proteins, although growth is expected to slow somewhat to approximately 2.0% year-on-year over the next decade,” said Nan-Dirk Mulder, Senior Global Animal Protein Specialist at RaboResearch.

According to her, the industry is shifting its focus from volume-driven production to value-driven production, with a growing emphasis on vertical integration, improved efficiency, and biosecurity.

According to the report, growing egg consumption in developing regions will require changes in egg distribution systems, marketing approaches, and product development strategies. Cage-free systems will also expand in Western markets and grow in developing countries in response to regulatory requirements and consumer demand.

“Expanding global markets and changing demand and distribution channels will require significant capital expenditures to expand new industries, transition to cage-free systems, and value-added segments,” the expert stated. “Strategic investments will focus on modernization, digitalization, and sustainability.”

Furthermore, technologies such as artificial intelligence (AI), robotics, and precision farming systems will be important for improving operational efficiency, biosecurity, and productivity.

Tags: eggs