Market Overview:
Cage-free eggs are considered to provide large number of health benefits with its consumption; the market of cage-free eggs is foreseen to be growing at an exponential rate. Cage-free eggs are poultry products produced at specialized poultry wherein the birds are allowed to wander in open. Cage-free poultry has perceived a healthier lifestyle, which ultimately uplifts the nutritional quality of the eggs. Cage-free eggs are found to have numerous health supporting qualities, these qualities have raised its consumption among the population suffering from high cholesterol level in the recent years. Likewise, raised amount of cage-free poultry products from different food processors and food traders is foreseen to uplift the market growth. Moreover, high consumer demand has encouraged the manufacturers to go for cage-free eggs business over conventional caged eggs.
Cage-free eggs are available in white and brown color. They come in small, medium, large, and other sizes. Cage-free eggs are bigger in size and also contain more yolk content over conventional caged eggs. High amount of omega-3 fatty acid in cage-free eggs marks it a good choice among the consumers, which also promotes a better heart health.
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Major Key Players Analysis:
Increasing demand for cage-free eggs has stimulated new market players to enter into the global poultry market in order to generate high revenues. The renowned market players are focusing more & more toward R&D in order to improve the quality of their product offerings to sustain their consumer base. The market players are competing in terms of prices and quality to attain consumers’ attention. Additionally, product promotions and high investments on R&D, advertising is among the key strategies followed by the manufacturers to strengthen their business. Strategic business expansions, aids the market players to penetrate into the developing economies, and also helps in expanding their business portfolio.
The key players profiled in Cage Free Eggs are Cal-Maine Foods, Inc. (U.S.), Midwest Poultry Services, L.P. (U.S.), Eggland’s Best, LLC. (U.S.), Weaver Brothers, Inc. (U.S.), Herbruck Poultry Ranch, Inc. (U.S.), Kuramochi Sangyo Co., Ltd. (Japan), and Lakes Freerange Egg Co., Ltd. (U.K) among many others.
Latest Industry Updates:
Sep 2017 Bridor Company has announced its savory Bistro items would be prepared by cage-free eggs. Additionally, the company is showing high inclination towards meeting consumer expectations.
Jul 2017 Felton cage-free egg farm has a business expansion plan for 6,00,000 bird expansions. Also, the company is aiming to expand its cage-free egg business segment in the future years ahead.
Jan 2017 The Hellmann’s company has launched new mayonnaise and mayonnaise dressing products which are exclusively made from cage-free eggs.
Sep 2016 The Kroger Co., has launched a new product line of cage-free eggs. The Kroger brands with cage-free eggs are available at stores.
Market Segments:
The global cage free eggs market has been divided into color, size, distribution channel, and region.
On the Basis of Color: White, and Brown
On the Basis of Size: Small, Medium, Large, and Others
On the Basis of Distribution Channel: Store-based, and Non-store based
On the Basis of Region: North America, Europe, Asia Pacific, and ROW
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Regional Analysis:
The global cage-free eggs market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North American market is expected to show a higher growth over the forecast period 2017-2023. The U.S. and Canada are leading this market and likely to continue dominating over the review period. Furthermore, changing lifestyle and consumption pattern is showing an inclination towards healthy food sources, which is another factor adding fuel to the growth of the North American cage-free eggs market.
The market is projected to experience a high growth due to growing sensitivity towards poultry health and high demand for cage-free eggs from the consumers. Additionally, the government and regulatory authorities are taking efforts to increase production of cage-free eggs, which is expected to boost cage-free eggs market in this region.
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