Eggs - EU-27 | Statista Market Forecast

The Eggs Market in the EU-27 has seen a minimal growth rate, influenced by various factors such as consumer preference for healthier food options, increased awareness of the nutritional benefits of eggs, and the convenience of purchasing eggs online. This market's growth is impacted by changing dietary preferences and rising concerns about animal welfare.

Customer preferences: Consumers are increasingly turning to plant-based options in the Eggs Market of the Dairy Products & Eggs Market within The Food market, driven by a growing awareness of the environmental impact of traditional animal agriculture. This trend is also influenced by the rise of flexitarian and vegan diets, as well as the demand for healthier and more sustainable food choices. As a result, companies are launching innovative plant-based egg alternatives to cater to this evolving consumer preference.

Trends in the market: In the EU-27 and Eggs Market, the trend towards sustainable and ethical production methods is gaining momentum. Consumers are increasingly demanding transparency and traceability in the production of eggs, leading to a rise in cage-free and organic egg production. This trend presents opportunities for industry stakeholders to differentiate their products and cater to the growing demand for environmentally friendly and humane practices. However, it also poses challenges for smaller producers who may struggle to meet these standards and compete with larger players. As such, there is a need for collaboration and innovation to ensure the sustainability and competitiveness of the Eggs Market in the EU-27.

Local special circumstances: In the EU-27, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by strict regulations on animal welfare and food safety. This has resulted in higher production costs for farmers, leading to higher prices for consumers. Additionally, cultural preferences for fresh, locally sourced eggs have led to a demand for organic and free-range options. These unique factors drive market dynamics, creating opportunities for niche producers and retailers catering to these preferences.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by macroeconomic factors such as consumer purchasing power, trade policies, and supply chain dynamics. In countries with strong economic growth and stable political climates, the demand for high-quality eggs and dairy products is increasing, supported by rising disposable incomes and changing dietary preferences. On the other hand, countries with economic instability and trade barriers may experience fluctuations in demand and supply, impacting market performance. Additionally, government initiatives promoting sustainable and efficient production practices are shaping the future of the Eggs 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.