Over the years, the South African eggs market has shown fluctuating trends. Between 2014 and 2023, the market saw a peak in 2015, followed by a drop in subsequent years with some slight recoveries. In 2023, the market stood at 338.0 thousand metric tons, reflecting a stagnant year-on-year variation compared to 2022. From a long-term perspective, the CAGR from 2019 to 2023 showed a minor decline of -0.059%, indicating a relatively stable but slightly declining market.
Looking forward, the forecast data suggests a very gradual decline in market size with an anticipated 5-year CAGR of -0.03%. The forecasted market in 2028 is expected to be approximately 337.42 thousand metric tons, showing minimal change compared to current levels.
Future trends to watch for include potential shifts due to changes in consumer preferences, health trends, and possible impacts from economic factors or policy changes. Additionally, innovations in egg production and sustainability practices may also play a significant role in market dynamics.
