Egg Market Shows No Signs of Cracking
Eggs possess a household penetration to be envied by all other food products: a steady 94 percent in the United States, according to market researcher Mintel.
A whopping 92 percent of Mintel respondents agree that eggs are an important part of a healthy diet. However, there is a potential struggle for organic producers as more than half (57 percent) don’t think organic eggs are any healthier for you than regular ones. Furthermore, 30 percent of respondents eat fewer eggs than they would like due to concerns about cholesterol.
“Older egg buyers confront heart-health issues and therefore limit egg consumption because of the cholesterol,” said Bill Patterson, Mintel senior analyst. “The over-55 egg buyer is a prime target for low-cholesterol eggs and egg substitutes, and could be reminded that cholesterol levels in eggs have fallen.”
Eggs are such a staple in people’s lives that, regardless of price increases or decreases, half of those households that buy eggs say they will not change their egg purchasing habits.
“Eggs represent an economical source of protein for people’s diets,” Patterson said. “Since the recession began in 2008, consumers have been driven to opt for larger volumes of eggs as a substitute for more expensive proteins. In April 2009 to June 2010, the 30-day average of eggs used increased to its highest level in seven years: 33 eggs per household.”
Regular white eggs are purchased by a large majority of consumers (88 percent), followed in the distance by brown eggs at 27 percent, organic and free-range eggs come in at 17 percent and 14 percent, respectively. Organic and free-range eggs are most widely used by those aged 25 to 34. Whether because of higher awareness of and concern with diet and health for young children in the household, or due to a generational tendency to experiment with and embrace natural and sustainable foods, this age group should prove most responsive to marketers’ attention, Mintel advised.
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