Eggs are a $10 billion 'low-margin industry,' says analyst. Here's who profits
Publishing timestamp: 2023-02-28 12:02:08
Summary
Egg prices rose significantly in 2022, and the egg industry is a $10 billion industry with nearly 13% growth annually in profit from 2017 to 2022. Cal-Maine Foods, the only publicly traded egg producer, holds 16.8% of the market share and reported a 32% increase in revenue from 2021 to 2022. 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%.
Sentiment: NEUTRAL
Tickers: BAC, CALM, LNC, COST,
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Source: https://www.cnbc.com/2023/02/28/amid-inflation-who-profits-from-the-10-billion-egg-industry.html