Press release
Organic Eggs Market Size Rising to USD 11.21 Billion by 2030, at a CAGR of 12.1%
The global organic eggs industry was estimated at $3.41 billion in 2020, and is anticipated to hit $11.21 billion by 2030, registering a CAGR of 12.1% from 2021 to 2030.Increase in consumer awareness about healthy diet, rise in demand for proteins as nutritional and functional ingredients, and several initiatives taken by government organizations to encourage organic poultry farming techniques drive the growth of the global organic eggs market. On the other hand, surge in demand for plant-based proteins and high price of organic eggs restrain the growth to some extent. However, introduction of organic food in untapped market, high-end product innovation, and rise in demand for organic egg ingredients are expected to create multiple opportunities in the industry.
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Growing demand for organic only food products and increasing awareness regarding animal cruelty is supplementing the growth of global organic eggs market. Furthermore, growing demand for organic cosmetic and personal care products is likely to garner demand for organic eggs during the forecast period.
According to America Egg Board, organic eggs are defined as eggs that are laid by cage-free, free-roaming hens that are raised on certified organic feed and have access to the outdoors. In this organic eggs production hens are given only feed that is grown without synthetic pesticides, fungicides, herbicides or fertilizers. Antibiotics and growth hormones are prohibited. Organic eggs has better nutritional benefits and it includes higher level of omega 3 fatty acids, more antioxidants, and vitamins than conventional eggs, which leads to a healthy life for consumers. In addition, increasing health concerns amongst consumers are helping the growth of this industry. Apart from this environment protection, animal welfare and increasing demand for organic eggs offer several opportunities for this market.
The organic eggs market is niche market, which creates opportunities for small- & mid-sized companies to invest in this market. As the diversified players that dominate the food industry have limited presence, stakeholders are planning to invest and expand their business by innovating new products. Thus, small and medium enterprises (SMEs) can take advantage over premium priced processed organic eggs.
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the organic eggs market segmented into application, distribution channel, size and region. On the basis of application, the market is categorized into retail, food processing, food service and others. On the basis of distribution channel, the market is segmented into, supermarket and hypermarket, e-commerce, convenience stores, bulk suppliers and others. By size, market is categorized into, extra-large and jumbo, medium and large and small. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Switzerland and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and Rest of LAMEA).
Organic eggs has been gaining considerable popularity in food service industry, as health conscious people are increasingly demanding organic and high nutritional food, which significantly contributes toward the organic eggs market growth.
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Based on region, the market across North America dominated the market with the major share in 2020, accounting for nearly half of the global organic eggs market size. This is attributed to rise in number of U.S. consumers adapting a healthy lifestyle or indulging in activities that promote active and healthy life. On the other hand, the market across Asia-Pacific is expected to witness the fastest CAGR of 14.9% from 2021 to 2030. Increasing growth in awareness about organic egg white protein and whole egg protein as a sports or refreshment drink drives the market growth.
Key players in the industry-
Michael Foods Inc.
LDC
Hickman's Egg Ranch
Trillium Farm Holdings LLC
SUN DAILY
Plukon Food Group
Cal-Maine Foods Inc.
DQY Ecological thehappyhensfarm.com.
Sisters Food Group
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