Eggs - North America | Statista Market Forecast

The Eggs Market in North America is experiencing minimal growth due to factors such as changing consumer preferences and the increasing demand for plant-based alternatives. However, the convenience offered by online services and the rising health awareness among consumers are driving some growth in the market.

Customer preferences: There has been a growing demand for organic and cage-free eggs in the North American Eggs Market within the Dairy Products & Eggs Market, as consumers become more conscious about the source and quality of their food. This trend is driven by a desire for healthier and more sustainable options, as well as a shift towards ethical and environmentally-friendly consumption. Additionally, the rise in plant-based diets has also impacted the Eggs Market, with a growing number of consumers opting for egg substitutes made from plants.

Trends in the market: In North America, the Eggs Market within the Dairy Products & Eggs Market is experiencing a rise in demand for organic and cage-free eggs, driven by increasing consumer awareness and preferences for healthier and more sustainable food options. This trend is expected to continue, with industry players investing in sustainable and ethical egg production methods. Additionally, there is growing demand for innovative egg-based products, such as plant-based egg substitutes, which are gaining popularity among health-conscious consumers. These trends have significant implications for industry stakeholders, as they must adapt to changing consumer preferences and invest in sustainable production methods to remain competitive in the market.

Local special circumstances: In North America, the Eggs Market of the Dairy Products & Eggs Market within The Food market is heavily influenced by the consumer's preference for organic and free-range eggs, leading to an increase in demand for sustainable and locally-sourced products. Additionally, the strict regulations on egg production, such as cage-free laws and labeling requirements, have also shaped the market landscape. Furthermore, the cultural trend towards healthier eating habits has fueled the growth of alternative egg products, such as plant-based and specialty eggs, in this region.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is also impacted by macroeconomic factors in North America. These include the overall economic outlook, consumer spending patterns, and government policies such as trade agreements and tariffs. The stability of the region's economy and its impact on disposable income can greatly influence the demand for eggs and other dairy products. Additionally, factors such as population growth, changing dietary preferences, and technological advancements in the food industry also play a role in shaping the Eggs Market. For example, the increasing popularity of plant-based alternatives to eggs has been driven by growing concerns over animal welfare and the environment, as well as advancements in food technology.

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.