The projected farm gate value of egg production in Canada shows steady growth from 2024 to 2028, starting at $955.78 million in 2024 and reaching $1,010.0 million in 2028. Assuming 2023 stood around these figures, the industry is seeing a gradual year-on-year increase ranging consistently around 1.3% to 1.8% annually. The compound annual growth rate (CAGR) over this period is approximately 1.4%, reflecting consistent upward momentum.
Future trends to watch for include:
- Market demand influenced by health trends and dietary preferences.
- Potential impacts of trade agreements on export opportunities.
- Increasing focus on sustainable and organic farming practices.
- Technological advancements in production efficiency.
- Fluctuations in feed and labor costs impacting production expenses.
