Eggs Are a $10 Billion ‘Low-Margin Industry,' Says Analyst. Here's Who Profits

  • 📰 NECN
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 71%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Eggs are a $10 billion industry. With prices, more than doubling in 2022, the largest producer, Cal-Maine Foods, increased its revenue by 32% in 2022 from 2021.

"It's a testament to the fact that they haven't had any [bird flu] outbreaks, how good they've been at biosecurity in their facilities," said Peter Galbo, a food and beverage analyst for."This is a very experienced, very deep management team that's been in this industry for a long time."

The second largest producer is Rose Acre Farms, with about 7% market share, followed by Versova Holdings and Hillandale Farms with just more than 5% each, and Michael Foods with 3.5%, according to

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course they did. Just another of the bullshit “inflation” lies

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines