Specialty Eggs Market is expected to observe a CAGR of 8.9% over 2022-2032 | FMI
The global specialty eggs market is set to witness growth at a CAGR of 8.9% over the forecast period (2022-2032) and top a valuation of US$ 13.5 Bn by 2032.
A large number of companies in the overall food and ingredients industry are focusing on developing their organic business. As a consequence, these companies are increasing their investments in the production of natural and organic products. This is one of the primary factors driving the global specialty eggs market growth at a rapid pace.
Moreover, companies have become more customer focused now. There has been an increased consumer mistrust over the years, hence, consumers are concerned about the source of food and what goes into it. Organic labels or certifications on products are featured as key additional benefits in most of the healthy food launches and significantly support the growth of the specialty eggs market at large.
Consumers are more aware about nutrition and ingredients in food that they wish to consume. This has been encouraging food manufacturers could encourage these practices of consumers and focus on clean labels that indicate nutrients and ingredients in the product. This practice might help consumers to choose their products wisely. Consumers are all the more aware of the type, amount, and quality of ingredients used in cosmetics and nutraceuticals.
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Key Takeaways from Market Study
- North America is expected to account for the maximum value share of the global market of about 26.8% by 2032 end
- Active expansion of footprint by market players in APAC and Europe through acquisitions of small companies and suppliers will aid overall growth of the market
- Demand for organic specialty eggs to grow considerably in the coming years
- Specialty eggs sales in the U.S. to grow by 7.3% CAGR
- Food processing industry to exhibit high demand for specialty eggs
“Mergers and acquisitions are conducted by market players to broaden the product portfolio and achieve a greater market share. The strategy also helped them improve their regional footprint, notably in unorganized markets,” says a Future Market Insights analyst.
Competitive Landscape
Key manufacturers of specialty eggs are majorly focusing on research & development, geographical expansion, product innovation, partnerships and mergers and acquisitions to create a larger customer base.
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Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Specialty Eggs market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on Product Type (Cage-free Eggs and Organic Eggs), End Use Application (Food Processing Industry, Food Service Industry, and Retail/Household (Convenience Stores, Discount Stores, Modern Trade, Online Retail, Specialty Stores, Wholesale Stores, and Other Sales Channel (Grocery Stores, etc.)) across seven (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa) major regions of the world.
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