Eggs - G20 | Statista Market Forecast

The Eggs Market in the Dairy Products & Eggs Market within The Food market in G20 is experiencing minimal growth rate, impacted by factors such as fluctuating demand, changing consumer preferences, and increasing competition. Despite this, the market continues to grow due to the convenience of online services and the growing health awareness among consumers.

Customer preferences: With the rise of health-conscious consumers, there has been a growing demand for free-range and organic eggs in the Eggs Market of the Dairy Products & Eggs Market within The Food market. This trend is influenced by cultural shifts towards sustainable and ethical food production, as well as an increasing focus on personal health and wellness. Additionally, the growing trend of plant-based diets has also led to a rise in alternative egg products such as vegan egg substitutes, catering to the growing demand for healthier and more environmentally-friendly options.

Trends in the market: In the G20, the Eggs Market of the Dairy Products & Eggs Market within The Food market is experiencing a shift towards organic and free-range eggs, driven by increasing consumer demand for ethically sourced and healthier food options. This trend is expected to continue as consumers become more health-conscious and prioritize sustainable and ethical consumption. Industry stakeholders are investing in new production methods and marketing strategies to cater to this demand, while also addressing concerns over animal welfare. This shift towards more sustainable and ethical egg production could potentially have a positive impact on the environment and animal welfare, as well as provide new market opportunities for industry players.

Local special circumstances: In the G20, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by local regulations and cultural preferences. In countries like China and Japan, the consumption of eggs is deeply ingrained in traditional cuisine, leading to a high demand for fresh and high-quality eggs. In South Korea, the government has implemented strict regulations for the production and sale of eggs to ensure food safety. In Argentina, the rise of health-conscious consumers has driven demand for organic and free-range eggs. These unique local factors shape market dynamics, making the G20 Eggs Market a diverse and dynamic sector.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily impacted by various macroeconomic factors. Global economic trends, such as the increase in demand for protein-rich diets and the rise in disposable income, have a significant influence on the market. Additionally, the national economic health of a country, including factors like GDP growth and employment rates, can also impact the demand for eggs. Fiscal policies, such as subsidies and trade agreements, can also affect the market by either promoting or hindering production and consumption. Other relevant financial indicators like currency exchange rates and inflation can also influence market performance. These factors combined can shape the growth and profitability of the Eggs Market within The Food market industry.

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.