Egg market shows no signs of cracking, reports Mintel

Whether it’s hard-boiled, over-easy or poached; used for breakfast, lunch or dinner; baked goods or sauces…the egg is truly the MVP of the kitchen. Not surprisingly, penetration is extremely high and egg use remains steady at 94% of all US household, according to a recent Mintel report.

A whopping 92% of Mintel respondents agree that eggs are an important part of a healthy diet. In addition, 30% 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,” notes Bill Patterson, senior analyst at Mintel. “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,” adds Bill Patterson. “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%), followed by brown eggs at 27%; organic eggs at 17%; and free-range at 17%. Organic and free-range eggs are most widely used by those aged 25-34. Whether because of higher awareness of and concern for the diet and health of 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.

Source: Mintel, 6/24


2011-07-19 14:20:31