Healthy Cage Free Eggs Market Outlook
Cage-free eggs embrace many health-supporting qualities, which has raised their consumption in the population suffering from high cholesterol levels in recent years. Moreover, extraordinary demand from the consumers has encouraged the manufacturers to shift to the cage-free eggs business over conventional caged eggs. Furthermore, the high content of omega-3 fatty acids in cage-free eggs makes it a good choice for consumers, which also promotes better heart health.
Cage-Free Eggs Market Benefits 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 analyzed 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.
Coronavirus can influence the worldwide economy in three primary ways are like by straightforwardly influencing creation and request, by making store network and market interruption, and by its monetary effect on firms and monetary business sectors. As per the market research report, the circumstance across the globe clarifies that the market will create gainful possibilities for makers post COVID-19 emergency. The report means to give an extra delineation of the most recent situation, monetary stoppage, and COVID-19 effect on the general business. The cage-free eggs market is also expected to be affected due to the lockdown situation created by the spread of the covid-19 pandemic around the globe.
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.
The global Healthy Cage Free Eggs Market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW).
Europe is anticipated to dominate the global market owing to a 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 Market owing to changes in egg production policies and the healthy eating habits of customers. Collective efforts by various food manufacturers to switch to cage-free eggs can influence market growth. Retail stores are displaying these eggs to give options to paying customers. Recently, Morrison 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 the 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.
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 a 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 levels.
Based on egg size, the Cage Free Eggs Market is segmented into small, medium, large, and others. Consumers prefer larger egg sizes; thus, it is dominating the global market. Furthermore, the large eggs segment is expected to experience high demand from the consumers during the forecast period.
Because of the distribution channel, the market is segmented into store-based and non-store-based distribution channels. However, the store-based distribution channel is dominating the market based on the one-stop shopping experience.
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