India is making strides in egg consumption compared to its neighboring countries, but still lags behind the global average. Several factors, including rising health awareness, urbanization, and a growing middle-class population, are contributing to increased egg consumption across the country.
Current Consumption and Production
In 2023, India saw an increase in per capita egg consumption, reaching over 85 eggs per year. Total egg production is estimated at 142.77 billion eggs during 2023-24. This reflects a compound annual growth of 6.8% over the past 10 years. Andhra Pradesh is the largest egg-producing state, contributing 17.85% of the total egg production in the country, followed by Tamil Nadu (15.64%) and Telangana (12.88%). India's monthly egg consumption stands at around 30 crore, indicating strong internal demand.
Factors Driving Growth
Several factors are driving the growth of the egg market in India:
Comparison with Global Consumption
Despite the growth in egg consumption, India still lags behind the global average. Per capita consumption in India is about 54 eggs per year, compared to 230 eggs in the European Union and the USA. However, Asia's average egg consumption has surpassed the world average. Globally, egg consumption is forecast to reach 75.5 million metric tons by 2026. China is the largest consumer of eggs.
Future Trends
The Indian egg market is expected to continue growing in the coming years. Forecast data indicates a steady upward trend in egg consumption at farm gate in India from 2024 to 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 5.0%, underscoring a consistent increase in demand. Future trends to watch out for include the impact of nutritional awareness on egg consumption and the effect of economic changes on affordability and consumption patterns. Increased automation in poultry farming, a surge in demand for organic eggs, expanded export markets, and sustainability initiatives are also expected to shape the future of the egg market in India.
