Asia-Pacific Eggs Market, By Product Type (Shell Egg, Processed Eggs), Source (Plant Based Egg, Animal Based Egg), Category (Conventional and Organic), Packaging Type (Trays, Boxes & Carton, Cans, Bottles, Pouches, Others), Specialty (Gluten Free, Low Cholesterol, High Protein, and Others), End User (Retail/Household, Food Service Sector), Distribution Channel (Store Based Retailer and Non-Store Based Retailer (Online)), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Asia-Pacific Eggs Market
Eggs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.9% in the forecast period of 2021 to 2028 and expected to reach USD 2,27,677.47 million by 2028. Increasing number of consumers preferring high protein diet in the region is a driving factor for the market growth.
Egg is a good source of protein and a very energy-dense with nutrients. Nowadays, people are becoming more aware of the health benefits of protein-rich foods which are expected to boost their demand in the market. Egg has several applications and usage in various foodservice sectors. Thus, the high nutrient content of these eggs is attracting health-conscious consumers towards healthy protein option.
Increasing number of health conscious consumers and increasing vegan population are is expected to drive the market’s growth. Also, the growth of fast food and restaurant chains and increasing digitalization in egg supply is expected to drive the market’s growth. However, the risk of disease transfer from animal egg sources, food allergens associated with conventional eggs may restrain the market growth. The opportunity for growth in the market is increasing automation in poultry and processing industry. Some factors that challenge the market growth are high investment cost in poultry business.
This eggs market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographical expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Eggs Market Scope and Market Size
Eggs market is segmented on basis of product type, source, category, packaging type, specialty, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the eggs market is segmented into shell egg, processed eggs. In 2021, the shell egg segment is expected to dominate the egg market as they are highly preferred by end user industries.
- On the basis of source, the eggs market is segmented into plant based egg, animal based egg. In 2021, the animal based egg segment is expected to dominate the egg market due to the availability of various animal based egg products.
- On the basis of category, the eggs market is segmented into conventional and organic. In 2021, the conventional segment is expected to dominate the egg market due to the increasing demand for conventional eggs in the market.
- On the basis of packaging type, the eggs market is segmented into trays, boxes & carton, cans, bottles, pouches, others. In 2021, the trays segment is expected to dominate the egg market as they are better to rely upon.
- On the basis of specialty, the eggs market is segmented into gluten free, low cholesterol, high protein and others. In 2021, the high protein segment is expected to dominate the egg market due to the increasing demand for high protein foods such as egg among health-conscious consumers.
- On the basis of end user, the eggs market is segmented into retail/household, food service sector. In 2021, the retail/household segment is expected to dominate the egg market due to the growing application and usage in the retail segment.
- On the basis of distribution channel, the eggs market is segmented into store based retailer and non-store based retailer (online). In 2021, the store based retailer segment is expected to dominate the plant-based egg market due to the easy availability of a plant-based product in the nearby stores.
Eggs Market Country Level Analysis
Eggs market is segmented on basis of product type, source, category, packaging type, specialty, end user and distribution channel.
The countries covered in eggs market report are Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, and rest of Asia-Pacific.
China dominates the Asia-Pacific eggs market due to the growing number of consumer preferring high protein foods.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Consumption of Eggs in the Laboratories for New Experiments
Eggs market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in eggs and changes in regulatory scenarios with their support for the eggs market. The data is available for historic period 2019 to 2021.
Competitive Landscape and Eggs Market Share Analysis
Eggs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to eggs market.
The major players covered in the report are Charoen Pokphand Foods PCL, Rembrandt Foods, Mantiqueira Group, Herbruck's Poultry Ranch, Inc., and Bob’s Red Mill Natural Foods among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many partnerships are also initiated by the companies worldwide which are also accelerating the growth of eggs market.
For instance,
- In March 2021, Charoen Pokphand Foods PCL passed the resolution regarding the acquisition in total of 43.30%, ordinary shares in C.P. Aquaculture (India) Private Limited from Charoen Pokphand Group Co., Ltd. and C.T. Progressive (Investment) Ltd. This acquisition will help the company to increase its profit revenue
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for eggs through expanded range of size.
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