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Market Overview:
- Market Size and Growth: In 2023, the global poultry eggs market was valued at approximately USD 284.41 billion and is projected to reach USD 375.40 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.52% during the forecast period.
Key Market Drivers:
- Rising Global Population: The increasing global population drives the demand for affordable and nutritious food sources, with eggs being a staple in many diets.
- Nutritional Value: Eggs are rich in proteins, vitamins, and minerals, making them a preferred choice among health-conscious consumers.
- Culinary Versatility: Eggs are used in various culinary applications, from direct consumption to being key ingredients in baked goods and processed foods.
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Key Players:
- Cal-Maine Foods, Inc.
- Rose Acre Farms
- Rembrandt Enterprises
- Michael Foods Inc.
- Trillium Farm Holdings, LLC
Challenges:
- Disease Outbreaks: Avian influenza outbreaks have led to significant losses in poultry populations, causing supply shortages and price volatility.
- Regulatory Changes: New laws mandating cage-free egg production in certain regions have disrupted supply chains and increased production costs.
- Feed Costs: Fluctuations in feed prices can impact production costs, affecting profitability for egg producers.
Regional Analysis:
- Asia-Pacific: This region leads in egg production and consumption, with countries like China, India, and Japan being major contributors. In 2023, China accounted for approximately one-third of global egg production.
- North America: The U.S. is a significant market, but recent avian influenza outbreaks have strained supply and driven up prices.
- Europe: Stringent animal welfare regulations and a growing demand for organic and free-range eggs influence market dynamics in this region.
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