Eggs - Americas | Statista Market Forecast

The Eggs Market in the Dairy Products & Eggs Market within The Food market in the Americas region has seen minimal growth, influenced by factors such as changing consumer preferences, fluctuating prices, and supply chain disruptions. Despite this, the market continues to witness steady growth, driven by the increasing demand for high-protein and healthy breakfast options.

Customer preferences: As consumers continue to prioritize health and wellness, there has been a rise in demand for organic and free-range eggs. This trend is driven by concerns over animal welfare and the perceived health benefits of these eggs. Additionally, there has been a growing interest in alternative egg products, such as plant-based options, as consumers seek out more sustainable and ethical food choices. This shift can be attributed to a growing awareness of the environmental impact of traditional animal farming practices.

Trends in the market: In the Dairy Products & Eggs Market, the Eggs Market is experiencing a growing demand for cage-free and organic eggs, driven by consumer awareness of animal welfare and health concerns. In addition, there is a trend towards plant-based egg alternatives, as more consumers are adopting vegetarian and vegan diets. These trends are expected to continue, with companies investing in sustainable and ethical practices and developing innovative products to cater to changing consumer preferences. This presents opportunities for industry stakeholders to tap into new markets and diversify their product offerings.

Local special circumstances: In the Eggs Market of the Dairy Products & Eggs Market within The Food market, the unique local factors in the Americas play a significant role in market dynamics. In the United States, the demand for cage-free eggs has increased due to growing consumer awareness of ethical and sustainable food choices. In Mexico, the market is influenced by the country's traditional cuisine, with eggs being a staple ingredient in many dishes. In Canada, strict regulatory standards for egg production and labeling have led to a rise in demand for organic and free-range eggs.

Underlying macroeconomic factors: The growth of the Eggs Market in the Dairy Products & Eggs Market within The Food market is also influenced by macroeconomic factors such as consumer trends, trade policies, and government subsidies. Countries with a strong demand for dairy products and favorable trade policies are experiencing higher market growth compared to regions with trade barriers and limited consumer spending power. Additionally, government subsidies for dairy farmers and favorable weather conditions for egg production are contributing to the overall growth of the market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.