Consumers shell out for free-range eggs
Increasing consumer awareness and concern with product provenance are driving a shift towards free-range eggs, which currently account for over 20{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} of the 4 billion eggs produced in Australia each year. IBISWorld reveals how operators along the supply chain will take advantage of the trend.
The egg farming industry – worth an estimated $659.6 million in 2014-15 – is seeing a significant shift towards free-range eggs at all stages of the supply chain. Over the five years through 2014-15, IBISWorld is expecting the production of free-range eggs to grow at an annualised 15.1{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}, compared with just 1.9{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} annualised growth in cage eggs. Organic eggs, which also tend to be free-range, have grown at an annualised 48.0{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} over the five-year period. IBIS World – Read more…
The egg farming industry – worth an estimated $659.6 million in 2014-15 – is seeing a significant shift towards free-range eggs at all stages of the supply chain. Over the five years through 2014-15, IBISWorld is expecting the production of free-range eggs to grow at an annualised 15.1{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea}, compared with just 1.9{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} annualised growth in cage eggs. Organic eggs, which also tend to be free-range, have grown at an annualised 48.0{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} over the five-year period. IBIS World – Read more…
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