The latest report by IMARC Group, titled “Vegan Eggs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global vegan eggs market size reached US$ 233.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 408.64 Million by 2028, exhibiting a growth rate (CAGR) of 9.30% during 2023-2028.
Vegan eggs, or plant-based eggs, are a popular alternative to traditional animal-based eggs. These vegan-friendly egg substitutes are created without the use of any animal products, making them suitable for individuals following a vegan diet or those who have egg allergies or ethical concerns about consuming eggs. For instance, tofu is a common type of vegan egg substitute that can be blended or mashed to mimic the texture and consistency of eggs in various recipes, such as scrambles, quiches, and omelets. Tofu-based vegan eggs are rich in plant-based protein and can be seasoned to achieve a similar taste to eggs. Additionally, chickpea flour, also known as gram flour, is another option for eggs, which is mixed with water and appropriate seasonings to create a batter that resembles scrambled eggs when cooked. It’s a versatile option that can be used in baking and cooking. Nowadays, several brands commercially produce vegan egg products in various forms, such as liquid egg replacements and powdered egg substitutes.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/vegan-eggs-market/requestsample
Vegan Eggs Market Trends and Drivers:
The vegan eggs market is primarily driven by the increasing awareness of health and wellness among consumers. In addition, individuals are opting for plant-based diets due to concerns about cholesterol levels and the desire to reduce saturated fat intake, which is influencing the market growth. Also, vegan eggs, typically produced from ingredients such as mung beans and chickpeas, offer a cholesterol-free and low-fat alternative to traditional eggs, making them a popular choice for health-conscious individuals, augmenting the market growth. Moreover, several advances in food technology allow companies to improve the taste and texture of vegan egg products, making them more appealing to a broader consumer base, representing another major growth-inducing factor. These innovations led to a higher level of acceptance among consumers hesitant to switch from traditional eggs in the past. Besides this, the growing popularity of vegan eggs among allergic consumers prevents them from consuming traditional eggs, accelerating the market growth. Furthermore, vegan eggs also serve as a versatile and inclusive alternative, catering to those with specific dietary needs that are free from common allergens such as dairy and soy, making them suitable for numerous diets and creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Form Insights:
- Powder
- Liquid
- Egg-shaped
Distribution Channel Insights:
- Online
- Offline
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Atlantic Natural Foods LLC
- Eat Just Inc.
- EVO Foods
- Organ (Roma Food Products)
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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