Chicken Egg Production in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS 11231Revenue
$10.2bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
56,776
Businesses
27,960
Wages
$XXX.Xm
Chicken Egg Production in the US industry analysis
Over the past five years, chicken egg producers have had to contend with severe revenue volatility. While per capita egg consumption has remained stable, a severe drought across most of the United States pushed the price of feed upward. This, combined with lingering challenges from supply chain bottlenecks and highly pathogenic avian influenza (HPAI), have pushed the price of eggs upward. Widespread inflation in 2022 also contributed to surging egg prices, and while the industry benefited from an upswing in revenue that year, price spikes set the stage for plummeting prices in 2023. As a result, industry-wide revenue has dropped at a CAGR of 2.4% to $11.3 billion over the five years to 2023, when revenue will drop an estimated 14.5%.The prevalence of intensive cage systems has allowed the industry to maximize efficiency. By investing in automated machinery, such as timed feeders and conveyor belt collection systems, larger egg producers can avoid widespread wage increases and spread fixed costs out over higher production capacities. This, combined with feed costs that lagged behind egg prices, has expanded profit through 2023. Consumers and animal rights groups have voiced opposition to these systems, though, which many see as inhumane and detrimental to the welfare of chickens. Some states have passed laws preventing further use of battery cages in response, but intensive cage systems will remain responsible for over half the industry's revenue through the end of 2028.While egg consumption is expected to climb over the next five years, the price of eggs won't return to pre-pandemic highs. This will severely cut the industry's revenue growth potential, but the stabilization of egg prices will help secure consumer demand. New cage-free mandates will further limit revenue growth, though increasing automation will drive profit expansion. Ultimately, industry revenue is forecast to sink at a CAGR of 1.1% over the five years to 2028 to total $10.7 billion.
Trends and Insights
- Price volatility has led to decline. An upswing in 2018 and a downswing in 2023 pushed revenue down, and limited price growth over the next five years will limit expansion.
- White table eggs are the most popular product. While some regions prefer brown eggs, the cheap price of white table eggs produced by battery chickens is a major selling point for most consumers.
- Climate and proximity dictate location. The Great Lakes region is the most popular area for egg production, since the weather conditions promote chicken health and the region is close to key markets in the US Northeast.
- Price is key for many consumers. While some consumers will stick with reputable brands through price fluctuations, many will choose whichever option is easiest on their wallet.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.0 % over the past five years, to reach an estimated $10.2bn in 2024.
Trends and Insights
HPAI has limited supply
- While none have been as devastating as the 2015 outbreak, sporadic detections of highly pathogenic avian influenza (HPAI) have damaged US chicken flocks.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Egg production shifts toward large facilities
- Large companies have benefited from economies of scale by using intensive cage farming.
Biggest companies in the Chicken Egg Production in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Cal-Maine Foods, Inc. | 1,752.1 | 61.7 | 3.5 | |
Rose Acre Farms Inc. | 716.3 | 105.0 | 14.7 | |
Versova Holdings LLP | 520.6 | 76.3 | 14.7 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Table eggs produced by battery chickens (white), Table eggs produced by battery chickens (brown) and Table eggs produced by cage-free chickens. Table eggs produced by battery chickens (white) is the largest segment of the Chicken Egg Production in the US.
Trends and Insights
Battery chicken table eggs vary by region
- White and brown eggs from intensive cage production facilities are the most popular products, though color preference varies by region.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Dairy Farms in the US
- Hog & Pig Farming in the US
- Chicken & Turkey Meat Production in the US
Complementors
- Egg & Poultry Wholesaling in the US
International industries
- Chicken Egg Production in Canada
- Egg Farming in Australia
- Poultry Meat and Egg Farming in New Zealand
- Poultry Farming in China
Table of Contents
About this industry
Industry definition
This industry primarily raises chickens for egg production. The eggs produced may be sold for use as table eggs or hatching eggs.
What's included in this industry?
Producing chicken eggsProducing hens for egg-laying purposesCompanies
Cal-Maine Foods, Inc.Rose Acre Farms Inc.Versova Holdings LLPPurchase this report to view all 5 major companies in this industry.
Related Terms
FREE-RANGE INTENSIVE CAGE SYSTEMTABLE EGGSVERTICAL INTEGRATIONMOLTINGLAYERSPULLETSIndustry Code
NAICS 11231 - Chicken Egg Production in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Price volatility has led to decline. An upswing in 2018 and a downswing in 2023 pushed revenue down, and limited price growth over the next five years will limit expansion.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
White table eggs are the most popular product. While some regions prefer brown eggs, the cheap price of white table eggs produced by battery chickens is a major selling point...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Climate and proximity dictate location. The Great Lakes region is the most popular area for egg production, since the weather conditions promote chicken health and the region...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Price is key for many consumers. While some consumers will stick with reputable brands through price fluctuations, many will choose whichever option is easiest on their walle...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Collaboration is helping boost profit. By working with other companies that specialize in processing or other downstream industries, egg farming companies can focus on their ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Cal-Maine Foods, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Rose Acre Farms Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Versova Holdings LLP's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Cal-Maine Foods, Inc., and factors influencing its performance in the industry
- Description and key data for Rose Acre Farms Inc., and factors influencing its performance in the industry
- Description and key data for Versova Holdings LLP, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Food quality regulations protect consumers. The FDA has an extensive list of requirements that chicken egg production facilities need to meet to avoid hefty fines or complete...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Rising egg prices have expanded profit, especially for large companies. While feed costs have climbed as severe weather conditions cut crop yields, the price of eggs has outp...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Chicken Egg Production in the US industry in United States in 2024?
The market size of the Chicken Egg Production in the US industry in United States is $10.2bn in 2024.
How many businesses are there in the Chicken Egg Production in the US industry in 2024?
There are 27,960 businesses in the Chicken Egg Production in the US industry in United States, which has declined at a CAGR of 3.5 % between 2019 and 2024.
Has the Chicken Egg Production in the US industry in United States grown or declined over the past 5 years?
The market size of the Chicken Egg Production in the US industry in United States has been growing at a CAGR of 3.0 % between 2019 and 2024.
What is the forecast growth of the Chicken Egg Production in the US industry in United States over the next 5 years?
Over the next five years, the Chicken Egg Production in the US industry in United States is expected to grow.
What are the biggest companies in the Chicken Egg Production in the US market in United States?
The biggest companies operating in the Chicken Egg Production market in United States are Cal-Maine Foods, Inc., Rose Acre Farms Inc. and Versova Holdings LLP
What does the Chicken Egg Production in the US in United States include?
Producing chicken eggs and Producing hens for egg-laying purposes are part of the Chicken Egg Production in the US industry.
Which companies have the highest market share in the Chicken Egg Production in the US in United States?
The company holding the most market share in United States is Cal-Maine Foods, Inc..
How competitive is the Chicken Egg Production in the US industry in United States?
The level of competition is high and decreasing in the Chicken Egg Production in the US industry in United States.
