Study points to higher egg consumption by Brazilians in 2023

OvoSite publishes a TCP Partners study of the egg market. It projects Brazilian consumption rising about 5.6% in 2023 compared with 2020, and notes that production reached 53.3 billion units in 2020, with average annual growth of 6.4% since 2010; output was expected to grow 5% in 2023. As an input for the food, pharmaceutical and chemical industries, the sector attracts M&A investors, with highly dispersed transactions. Ricardo Jacomassi, TCP partner and chief economist, said segmented studies like this one reveal the strength of agribusiness and the business opportunities in the sector.