Global Dairy & Eggs Industry
The world dairy market is expected to reach almost $371 billion in 2014, representing nearly 24% expansion over five years, reports MarketLine. The market is highly fragmented with the three leading companies representing just over 11% of the market. The EU region accounts for over half the global market in terms of value at 37%. Danone is the world leader in the dairy market with almost 5% market share.
Milk represents more than 35% of the overall dairy market. It is a central component of the average diet due to its near 20% whey protein content. Milk is also the only food product containing casein, a protein packed with essential amino acids, which accounts for the remaining 80% of milk’s protein content.
The US egg industry has shown rapid expansion over the past few decades, meeting close to all commercial egg demand in the US and producing around 75% of the world’s eggs from caged layers. With increased urbanization and a mass exodus from rural areas the percentage of those growing their own food has fallen dramatically, boosting demand for eggs and other farm-produced food products. The majority of egg producers in the US are small farm-owning families. As little as two US egg companies are publicly traded entities.
The world egg industry is comprised of almost 5 billion egg-laying hens: close to 1,000 million in China; around 290 million in the EU; over 275 million in the US; almost 130 million in India and 115 million in Mexico. An average laying hen produces in excess of 300 eggs annually. Excluding the EU, the US is the largest egg exporter in the world, and Germany the largest importer.