U.S. Egg Sector Brings More than $600 Million in Potential Spending

U.S. Egg Sector Brings More than $600 Million in Potential Spending

May 28, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--The U.S. Department of Agriculture (USDA), in this month's Livestock, Dairy and Poultry Outlook, raised the forecast number of eggs that will be produced in the U.S. in 2024 after positive first-quarter data. The agency now expects production of 7,927 million dozen eggs from the U.S. in 2024, up from 7,864 million dozen in 2023. Production is expected to increase even more in 2025, rising above 8,100 million dozen. To this end, egg producers are gearing up to spend big at their facilities, often expanding them to increase production. In addition, consumer trends toward cage-free eggs also are affecting construction activity in the sector. Egg-processing facilities that create value-added products from fresh eggs also are showing willingness to spend. Industrial Info is tracking more than $600 million of projects at egg-related facilities in the U.S.

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