The global cage free eggs market 2020 is poised to grow at an estimated CAGR of 5.8% during the forecast period 2017-2023.
Since egg producers cooperated with animal welfare groups, the cage-free egg industry experienced substantial expansion. In the last decade, concern for animal rights has grown considerably. Many businesses are taking steps for the protection of farm animals alongside animal groups that are building up and lobbying against egg farmers. Large farmers are focused on satisfying the demand of retailers, considering the increasing costs of raising and preserving cage-free eggs. This market has driven farmers to opt for the manufacture of cage-free eggs instead of traditional cage production. In addition, rising regulatory pressure on farmers to turn to the production of cage-free eggs is also spurring the development of the global demand for cage-free eggs.
Cage-free eggs adopt several health-supporting features that have boosted their intake in the high cholesterol population in recent years. However, health risks and side effects associated with the use of anti-caking agents in food materials are likely over the projected period to hamper the demand development of global food anti-caking agents. Business development issues may also result from unfavourable customer views of the nutritional benefits of anti-caking food additives.
However the demands of diverse consumers, rapid technical advances, and strong competition have made it important for players operating in this segment to search for ways to diversify their product lines. The rising pace of on-the-go lifestyles globally fuels the market for ready-to-eat and small and compact food items. Over the projected era, this would improve the use of anti-caking agents in end consumer industries.
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Some of the major players profiled in the global cage-free eggs market are Kuramochi Sangyo Co., Ltd. (Japan), Cal-Maine Foods, Inc. (U.S.), Midwest Poultry Services, L.P.(U.S.), Weaver Brothers, Inc. (U.S.), Eggland’s Best, LLC. (U.S.), Herbruck Poultry Ranch, Inc. (U.S.), Lakes Freerange Egg Co., Ltd. (U.K.)
Based on the egg colour, egg size, and delivery route, cage-free eggs are segmented. The section of the egg colour consists of white and brown shades. The cage-free, white-colored egg controls the global market. White eggs are low-priced and have low feed spending. Furthermore, in a shorter time, the white egg matures, so its yield is high. However, due to the high volume of omega-3 fatty acids, which sustain an acceptable level of body cholesterol, the poultry industry is facing a high demand for brown eggs.
Based on the size of the chickens, the demand for cage-free eggs is segmented into mini, medium, big and other cages. Of all the varieties, due to customer demand for big eggs, the large egg variety dominates the market. In addition, demand for large egg sizes is projected to experience a strong customer growth rate, with the cage-free egg market anticipated to expand steadily during the forecast period.
The industry is segmented into a store-based and a non-store-based sales system on the basis of the distribution channel. However, based on the one-stop shopping experience, the store-based sales channel dominates the market.
The global cage-free eggs market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
The world economy is dominated by Europe, followed by North America. In Europe, due to its large size and bright orange yolks, which are high in fatty acids and sustain an acceptable amount of body cholesterol, Poland is expected to consume more cage-free eggs. In comparison, the flavour is stronger than that of traditional caged eggs.
In addition, due to growing exposure to poultry health and the extraordinary demand among customers for cage-free eggs, significant growth is anticipated in the market for cage-free eggs in the North American region. Combined attempts by government and regulatory agencies in the poultry industry to produce cage-free eggs are expected to expand the worldwide demand for cage-free eggs.
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