Chicken Egg Production in the US - Market Research Report (2014-2029)

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.

在过去五年间，鸡蛋生产商不得不应对严重的收入波动。尽管人均蛋类消费量保持稳定，但美国大部分地区遭遇的严重干旱推高了饲料价格。这一现象与供应链瓶颈和高度致病性禽流感（HPAI）的持续挑战相结合，使得鸡蛋价格上升。2022年的普遍通货膨胀也加剧了蛋价上涨，尽管该行业在那一年因收入上升而获益，但价格的剧烈波动为2023年的价格下跌埋下了伏笔。因此，截至2023年，整个行业的年收入以2.4%的复合年增长率下降至113亿美元，预计2023年将下降14.5%。密集型笼养系统允许该行业最大化效率。通过投资自动化机械，如定时喂食器和传送带收集系统，大型蛋类生产商可以避免普遍的工资上涨并将在更高的生产能力上分摊固定成本。这，加上饲料成本落后于鸡蛋价格，使得利润在2023年得到扩张。然而，消费者和动物权益组织对这些系统表达了反对意见，许多人认为这些系统不人道且对鸡的福利有害。为此，一些州通过了禁止进一步使用电池笼的法律，但密集型笼养系统仍将负责超过行业一半的收入直至2028年底。尽管预计未来五年蛋类消费量将上升，但鸡蛋价格不会恢复到大流行前的水平。这将严重削减行业的收入增长潜力，但鸡蛋价格的稳定将有助于确保消费者需求。新的无笼养殖规定将进一步限制收入增长，而不断增加的自动化将推动利润扩张。最终，预计行业收入将在未来五年以1.1%的复合年增长率下降，至2028年总额达到107亿美元。