The eggs market in the US in 2023 stood at 5.45 Million Metric Tons. The forecasted data for the years from 2024 to 2028 shows a gradual increase from 5.49 to 5.64 Million Metric Tons. This implies the following year-on-year variations: an increase of 0.73% from 2023 to 2024, 0.73% from 2024 to 2025, 0.72% from 2025 to 2026, 0.72% from 2026 to 2027, and 0.52% from 2027 to 2028. The overall Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.69%.
In terms of future trends to watch for:
- Watch for advancements in egg production technologies to meet rising demand.
- Shifts in consumer preferences towards organic and cage-free eggs.
- Potential impacts of regulatory changes on egg production and pricing.
- Monitoring the effects of alternative protein sources on the traditional egg market.