India Eggs Market Outlook to 2030

India Eggs Market Overview

• The India Egg Market was valued at USD 7 billion. The market is driven by rising health awareness, urbanization, and the growing middle-class population, all of which contribute to an increased consumption of eggs across the country. Additionally, affordability and government initiatives promoting poultry farming have further fueled growth.
• Major players in the market are Suguna Foods, Venkateshwara Hatcheries, IB Group, Srinivasa Farms, and Simran Farms. These companies dominate the production and distribution of eggs across India and are expanding their operations to meet rising demand. They focus on improving supply chain efficiency, enhancing product quality, and increasing farm productivity to sustain their market positions.
• The National Egg Coordination Committee (NECC) has launched an 'Egg Cart' scheme in Visakhapatnam to create jobs and provide protein-rich food. The initiative aims to introduce 100 carts by January 2023, employing 100 youth. Each cart, costing 1 lakh, will serve various egg delicacies, with seven carts debuting on November 6, 2022.
• Andhra Pradesh dominates the market in India, due to the state's favorable climate, abundant resources, and well-developed infrastructure for poultry farming. The state governments support for poultry farmers, along with the presence of major players like Suguna Foods and Srinivasa Farms, has further strengthened Andhra Pradeshs position in the market.

India Eggs Market Segmentation

The market is segmented into various factors like product, end-use and region.

By Product: The market is segmented by product into white eggs, brown eggs, and organic eggs. White eggs held dominant by the affordability and widespread availability contribute to their dominance in both urban and rural markets. White eggs are preferred for their versatility and are a staple in households across India.

By End-Use: The market is segmented by end-user into households, food service (hotels, restaurants, catering), and industrial use (bakeries, food manufacturing). Households held the largest share, by the various usage in staple part of many diets, making households the primary consumers.

By Region: The market is segmented by region into North, South, East, and West. South India dominated the market by high production levels in states like Andhra Pradesh and Tamil Nadu.

India Eggs Market Competitive Landscape

• Venkateshwara Hatcheries: Venkateshwara Hatcheries announced a 250 crore investment in early 2024 to establish new poultry farms in North India. This expansion aims to boost their market share in the region by 15% over the next two years, capitalizing on a growing poultry market valued at USD 1.23 billion in 2024.
• Suguna Foods: In 2021, Suguna Foods, one of Indias largest poultry companies, reported a turnover of 9,155 crore, up from 8,739 crore in the previous year. The company is expanding its retail presence with its "Delfrez" brand, aiming to launch 1,000 outlets by 2025, contributing to its growing market dominance.

India Eggs Market Analysis

Market Growth Drivers

• Rising Consumer Demand for Eggs: In 2023, India saw an increase in per capita egg consumption, reaching over 85 eggs per year, as reported by the Department of Animal Husbandry and Dairying. The rising demand for protein-based food items and awareness of nutritional benefits is a significant driver. With increasing government campaigns emphasizing egg consumption to combat malnutrition, the market is expected to see continuous growth, as supported by government-backed dietary surveys.
• Increasing Poultry Production Infrastructure: Egg production in India grew rapidly between 2018 and 2023, with major investments in state-of-the-art poultry farming technology. According to the Ministry of Agriculture, the number of modernized egg farms doubled during this period. These efforts include investments in automation systems for egg processing, increasing production capabilities and reducing operational costs, pushing the industry forward.
• Export Opportunities Expanding: According to trade ministry reports, Indian egg exports increased significantly between 2020 and 2023, with shipments crossing 4 million eggs annually to regions like the Middle East and Southeast Asia. With recent trade agreements and a competitive pricing structure, the export market is anticipated to expand further, opening additional revenue streams for local producers.

Market Challenges

• Disease Outbreaks Impacting Production: Avian influenza outbreaks in 2023 led to the culling of over 10 million birds, impacting the egg supply chain in India. According to the Ministry of Animal Husbandry, the outbreaks affected large poultry belts, particularly in North India. Prevention measures and biosecurity enhancements are necessary to mitigate similar risks in 2024.
• Lack of Cold Chain Infrastructure: Indias eggs market faces logistical challenges due to the lack of cold storage and transport infrastructure. As per a 2023 report by the Central Poultry Development Organization, nearly 15% of the egg production is lost due to spoilage, particularly in rural areas. Investments in cold chain solutions are crucial for ensuring market expansion.

Government Initiatives

• National Egg Production Support Scheme: The Indian government introduced the National Egg Production Support Scheme in 2023, allocating 500 crores to improve egg production. According to the Ministry of Agriculture, the initiative aims to enhance production capabilities by providing financial assistance to farmers and modernizing poultry farms, with a target of increasing egg production by 10% by 2024.
• Subsidies for Poultry Feed: To combat rising feed prices, the government launched a subsidy program in 2024, providing 1,000 per ton of maize and soy feed to poultry farmers. This initiative, backed by the Ministry of Animal Husbandry, aims to alleviate the financial strain on small farmers and stabilize egg prices in the market.

India Eggs Market Future Outlook

The future trends include increased automation in poultry farming, a surge in demand for organic eggs, expanded export markets, and sustainability initiatives, with companies adopting renewable energy solutions for poultry production.

Future Market Trends

• Increased Automation in Poultry Farming: By 2028, the Indian egg sector is expected to adopt advanced automation technologies in poultry farming. Automation is projected to improve production efficiency and reduce operational costs by up to 500 per ton of feed consumed. This trend will increase competitiveness and drive market growth, as estimated by industry experts.
• Sustainability Initiatives: Over the next five years, sustainability will become a critical focus for the Indian eggs market. Companies are expected to invest heavily in renewable energy solutions, such as solar-powered poultry farms. By 2028, at least 25% of large-scale egg producers are anticipated to adopt sustainable practices, reducing their carbon footprint, as per environmental reports.