Eggs - Worldwide | Statista Market Forecast

The Eggs Market within the Dairy Products & Eggs Market in The Food market Worldwide is experiencing slow growth due to factors such as changing consumer preferences and increasing competition from plant-based alternatives. Despite this, the market is steadily expanding thanks to the convenience of online shopping and rising health consciousness among consumers.

Customer preferences: Consumers are increasingly turning to plant-based alternatives in the Eggs Market of the Dairy Products & Eggs Market within The Food market, driven by the growing trend towards vegetarian and vegan diets. This shift is also influenced by concerns over animal welfare and environmental sustainability. Additionally, the rise of flexitarianism, where individuals reduce their meat consumption, has also contributed to the increased demand for plant-based egg substitutes.

Trends in the market: In the global Eggs Market of the Dairy Products & Eggs Market within The Food market, there is a growing trend towards organic and free-range eggs. This is driven by consumer preferences for healthier and more sustainable food options. Additionally, there is an increase in demand for plant-based alternatives to traditional eggs, such as vegan egg substitutes made from plant proteins. These trends indicate a shift towards more conscious and ethical consumption, presenting opportunities for industry players to innovate and cater to changing consumer preferences. However, this may also pose challenges for traditional egg producers, who may need to adapt their practices to meet these new demands.

Local special circumstances: In the Eggs Market of the Dairy Products & Eggs Market within The Food market, unique local factors play a significant role in shaping the market dynamics. In China, the market is heavily influenced by cultural preferences for egg-based dishes, leading to a high demand for eggs. In Europe, strict regulations on cage-free eggs have led to a rise in organic and free-range egg production. In Africa, the market is driven by the high nutritional value of eggs and their affordability, making them a staple food in many countries. These factors greatly differentiate the worldwide eggs market and contribute to its growth and evolution.

Underlying macroeconomic factors: The Eggs Market of the Dairy Products & Eggs Market within The Food market is significantly impacted by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and financial indicators. For instance, countries with a strong economy and stable fiscal policies tend to have a higher demand for dairy and eggs products. On the other hand, regions with weak economic conditions and limited investment in agriculture may experience slower market growth. Additionally, the increasing population and changing dietary preferences across the globe are driving the demand for dairy and eggs products, promoting market growth.

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.