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Chicken Egg Production in Canada Industry Market Research Report Now Available from IBISWorld
Date:7/12/2014

New York, NY (PRWEB) July 12, 2014

The Chicken Egg Production industry has experienced steady growth over the past five years, buoyed by stable demand for industry products as well as the agricultural sector's supply management system. “Eggs are a relatively affordable staple for most families across Canada; as a result, per capita egg consumption generally grows in line with the size of the population,” according to IBISWorld Industry Analyst Will McKitterick. Furthermore, demand for new specialty egg products with enriched qualities, such as omega-3 eggs has risen dramatically. Consumers are also purchasing more varieties of ethically raised cage-free or free-range eggs. The combination of these factors has boosted industry revenue at an annualized rate of 2.6% over the period, including a 2.2% increase in 2014 to $1.2 billion.

The number of egg producers has shrunk over the past five years even as the industry exhibited steady revenue growth. Farming in Canada has become increasingly capital intensive. Egg producers are equipping their layer facilities with more technology to ensure the greatest yield for their investments. “This has led to an intensification of the industry, in which smaller farms are bought up and merged in order to achieve economies of scale,” says McKitterick. Larger farms can generate more revenue and are better situated financially to afford the constant technological upgrade necessary to survive in the industry. Nevertheless, industry operators have not consolidated at a rapid pace. While the number of farms has fallen over the period, Canada's unique supply management system has helped preserve some smaller operato
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