Cage Free Eggs Market Outlook
Cage-free eggs are produced from poultry that can wander in open. Cage-free poultry has observed a healthier lifestyle, which has uplifted the nutritional quality of the eggs. Commercially available cage-free eggs come in white and brown color, having varying size like small, medium, large, and others. Also, cage-free eggs are moderately bigger in size and more yolk content than the conventional caged eggs.
Cage Free Eggs Market Forecast
Cage-free eggs embrace many health supporting qualities, which has raised its consumption in the population suffering from high cholesterol level in the recent years. Moreover, extraordinary demand from the consumers has encouraged the manufacturers to shift to cage-free eggs business over conventional caged eggs. Furthermore, high content of omega-3 fatty acid in cage-free eggs makes it a good choice for consumers, which also promotes a better heart health.
COVID-19 crisis, the global market for Cage Free Eggs estimated at US$4.8 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 3.2% over the analysis period 2020-2027. Medium, one of the segments analysed in the report, is projected to record a 2.9% CAGR and reach US$2.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Large segment is readjusted to a revised 3.7% CAGR for the next 7-year period.
Massive demand from consumers has led to manufacturers switching to cage-free eggs. For instance, a bill about to become law in the state of Arizona, U.S., which promotes the use of cage-free eggs can bode well for the market. Humane treatment of hens as well as trade agreements with neighboring states such as California will bode well.
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Cal-Maine Foods, Inc., Lakes Freerange Egg Co., Ltd., Midwest Poultry Services, L.P., Kuramochi Sangyo Co., Ltd., Herbruck Poultry Ranch, Inc., Eggland’s Best, LLC., and Weaver Brothers, Inc. are major producers in the global cage-free eggs market.
Cage-free eggs are segmented based on egg color, which includes white and brown. The white egg is dominating the global market owing to less investment in feed and low cost. Furthermore, white eggs are produced in a large quantity owing to short maturation time. However, the demand for brown color eggs is high in the poultry industry owing to the higher amount of omega-3 fatty acids, which is useful in maintaining body cholesterol level.
Based on egg size, the cage-free eggs market is segmented into small, medium, large, and others. The consumers prefer larger egg size; thus, it is dominating the global market. Furthermore, the large eggs segment is expected to experience a high demand from the consumers during the forecast period.
Because of the distribution channel, the market is segmented into the store-based and non-store-based distribution channel. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.
The global cage-free eggs market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
Europe is anticipated to dominate the global market owing to large rate of consumption due to their better taste. Cage-free eggs are rich in fatty acids and assist in maintaining cholesterol levels. The high demand for such eggs from the poultry industry is a plus for the cage-free eggs market in the coming years. Retail stores are storing cage-free options to satiate consumer demand.
North America can be lucrative for the global Cage Free Eggs Industry owing to change in egg production policies and healthy eating habits of customers. Collective efforts by various food manufacturers to switch to cage-free eggs can influence the market growth. Retail stores are displaying these eggs to give options to paying customers. Recently, Morrison’s decided to store cage-free eggs and made a pledge to move from selling caged eggs by 2025.
APAC can also exhibit a phenomenal growth rate during the forecast period due to economies of India and China. Recently, Hy-Line International decided to initiate a new breeding program for its hen which can produce cage-free eggs. The high demand in Southeast Asia has led to the commencement of its program in Thailand.
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