Vegan Eggs Market Size, Share, Growth Analysis, By Form Outlook(Powder, Liquid, Egg-Shaped), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031

Q: What is the global market size of the Vegan Eggs Market?

Global Vegan Eggs Market size was valued at USD 141.3 million in 2021 and is poised to grow from USD 163.4 million in 2022 to USD 567.5 million by 2030, growing at a CAGR of 16.7% in the forecast period (2023-2030).

Report ID: SQMIG30I2179 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 61 | Figures: 75

Vegan Eggs Market Regional Insights

North America dominated the global market. Due to the rising demand for processed vegan meals, the local market is expanding. Also, issues like heightened environmental sustainability awareness and customers' propensity for vegan diets are all aspects that are favorably influencing the industry's expansion. Vegan eggs are becoming increasingly well-liked in the United States and other parts of the world, where they are utilized in various plant-based delights, from healthy snacks and drinks to veggie burgers and meat alternatives.

Asia Pacific is anticipated to grow at the fastest CAGR. Throughout the projection period, it is projected that the entry of new companies into the market and a subsequent increase in consumer awareness of plant-based foods will fuel growth. For instance, Evo Foods, a company that sells plant-based eggs, reported that it had raised USD 845K and was preparing for both an Indian and an international debut in 2022. Among the company's offerings are liquid eggs composed entirely of lentil proteins.

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Vegan Eggs Market size was valued at USD 141.3 million in 2021 and is poised to grow from USD 163.4 million in 2022 to USD 567.5 million by 2030, growing at a CAGR of 16.7% in the forecast period (2023-2030).

Several businesses are vying for market share in the extremely fragmented vegan egg market. Since it enhances the product's quality and look, packaging is significant in the vegan egg market. By employing the right packing methods, vegan eggs increase the shelf life of their products. The demand for vegan Egg goods can rise as a result of eye-catching packaging drawing in a sizable number of buyers. Top vegan egg firms are concentrating on biodegradable packaging in order to adhere to environmental standards and entice environmentally conscious customers. 'Eat Just, Inc.', 'Follow Your Heart', 'Orgran (a division of Roma Foods)', 'The Vegg', 'Dr. Cowan's Garden', 'Terra Vegane', 'Fooditive B.V.', 'Gleneagles Enterprises', 'Vegan Eggz', 'Beyond Eggs', 'Nourish Ingredients', 'Planted', 'Clara Foods', 'Prolupin GmbH', 'Arla Foods Ingredients', 'Zero Egg', 'Greenline Foods, Inc.', 'Moving Mountains', 'Mycorena AB', 'Hooray Foods'

Vegan eggs are a popular option among vegans and vegetarians as they provide a cruelty-free alternative to conventional eggs obtained from chickens kept in factory farms. Additionally, vegan eggs are often free from cholesterol and other unhealthy components that are commonly found in animal-based foods. The rise of social media and increased awareness of animal welfare and environmental issues have contributed to the growth of veganism and vegetarianism.

As more consumers adopt plant-based diets, they seek alternative protein sources that are healthy, sustainable, and ethical. Vegan eggs are seen as a high-quality protein source that can be used in a variety of recipes and dishes. Protein is an essential nutrient that plays a crucial role in maintaining a healthy diet. However, many conventional protein sources, such as meat and dairy products, have been associated with negative health and environmental impacts. On the other hand, plant-based proteins are generally considered healthier and more sustainable, as they have a lower environmental footprint and can provide a range of nutrients.

North America dominated the market. Due to the rising demand for processed vegan meals, the local market is expanding. Also, issues like heightened environmental sustainability awareness and customers' propensity for vegan diets are all aspects that are favorably influencing the industry's expansion. Vegan eggs are becoming increasingly well-liked in the United States and other parts of the world, where they are utilized in various plant-based delights, from healthy snacks and drinks to veggie burgers and meat alternatives.

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Vegan Eggs Market Size, Share, Growth Analysis, By Form Outlook(Powder, Liquid, Egg-Shaped), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031

Vegan Eggs Market Regional Insights

Vegan Eggs Market Report Snapshots

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