A rounded or elliptical-shaped natural object consists of a chalky shell with a translucent membrane, a transparent liquid filling the space within, and a yellow center called a yolk. The Eggshell comprises calcium, carbonate, magnesium carbonate, calcium phosphate, and organic matter. The white transparent liquid, also known as egg white, contains around 63-65% of the egg. It contains natural elements such as water, protein, riboflavin, chlorine, niacin, potassium, magnesium, sodium, sulfur, and 40 proteins. The egg yolk contains proteins, vitamins A, b12, B6, fats, amino acids, iron, selenium, and phosphorous.
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It is a perfect food source with high biological value, protein, and a good ratio of unsaturated fatty acids to that of saturated fatty acid. It is a great energy source to provide all essential nutrients to maintain a healthy diet. Its emulsifying, binding, thickening, and glazing properties are the primary features used for various commercial applications, empowering its demands in the global market.
The United States, the Netherlands, and Germany are the key importing countries for Eggs. On the other hand, China, India, and Germany are the primary exporting countries for the same.
Key Details About the Eggs Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Eggs price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Eggs Price Forecast, including India Eggs price, USA Eggs price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Eggs Price Trend:
The price trends of eggs can be influenced by various factors, including industrial uses. While most people think of eggs primarily as a food product, they are also used in various industrial and manufacturing processes. Here are some of the key industrial uses of eggs and how they can impact egg price trends:
Pharmaceuticals: Eggs are used in the production of vaccines and other pharmaceutical products. The flu vaccine, for example, is commonly produced using an egg-based manufacturing process where the virus is grown in eggs. Increased demand for vaccines can lead to increased demand for eggs, potentially raising prices.
Cosmetics: Egg components, particularly egg whites, are used in various beauty and skincare products. Albumin, a type of protein found in egg whites, is valued for its skin-tightening properties and is used in anti-aging skin creams and other cosmetic products. A surge in demand for these products can increase the demand for eggs.
Food Processing: Eggs are used as an ingredient in many food products, including baked goods, pasta, and mayonnaise. They serve as emulsifiers or binders in many processed foods. Increases in the production of these food items can lead to higher egg consumption, influencing egg prices.
Adhesives and Paper: Albumen is used in certain types of adhesives and in the paper and paperboard industries for improving paper strength and smoothness. Although a niche market, shifts in production volumes in these industries could have a marginal impact on egg demand.
Research and Development: Eggs are used in various types of scientific research, including developmental biology and genetics studies. While this is not a large-scale use compared to others, consistent demand from this sector can contribute to overall egg demand.
Factors Influencing Egg Prices:
Supply Chain Issues: Any disruptions in the supply chain, from feed availability to transportation issues, can affect egg prices. For instance, during the COVID-19 pandemic, disruptions in the supply chain led to fluctuations in egg prices.
Feed Prices: The cost of poultry feed (which mainly consists of grains like corn and soybean) significantly affects egg production costs. High feed prices can lead to higher costs for raising chickens, which in turn can increase egg prices.
Disease Outbreaks: Outbreaks of diseases such as avian influenza can drastically reduce egg supply by necessitating the culling of birds, thereby driving up prices.
Regulatory Changes: Regulations affecting egg production, such as those concerning cage size, animal welfare, and environmental impacts, can also affect production costs and egg prices.
Consumer Demand: Changes in consumer preferences, such as a shift towards organic or cage-free eggs, can shift demand patterns and affect prices.
Global Market Dynamics: International trade policies and the global demand and supply dynamics also influence egg prices. For example, if a major egg-producing country bans exports or if there's an increased demand for eggs in a large market, prices can be affected globally.
Understanding these factors helps businesses and consumers anticipate changes in egg prices. For industries relying heavily on eggs, monitoring these trends can be crucial for cost management and strategic planning.
Key Players:
- Vital Farms
- Cal-Maine Foods Inc
- Rose Acre Farms
- Rembrandt Enterprises
- Michael Foods, Inc
- Maple Meadow Farm, Inc
News Recent Development
- Date: June 13, 2023- Inflation has been seen in the monthly prices of Eggs in the last 72 years since January 1951. A recent study concluded that the cost of a dozen Eggs dropped around 13.8% in May 2023.
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