According to a research survey conducted by ChemView Consulting, in 2022, the Global Vegan Egg Market was worth US$ 1,700.0 Mn and is expected to grow at a CAGR of 8.3% over the forecast period. The market is expected to hit US$ 3,200.0 Mn by 2030 end.
The rising prevalence of health-related conditions such as obesity and heart disease has raised consumer preference for low cholesterol dietary components, resulting in increased demand.
The rising popularity of vegan processed foods has increased the need for goods like these. This global industry is driven by causes such as rising allergenicity, more awareness about environmental sustainability, and a movement in consumer preferences toward vegan diets.
These goods are abundant in important nutrients and taste comparable to those obtained from animals. Other reasons, such as substantial promotional operations by celebrities and athletes to encourage vegetarian product use to maintain a healthy lifestyle, and the convenience of product availability via increasing online retail channels, are projected to propel the market even further.
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Segments Covered in Report
By Product Type
- Powder
- Liquid
By Nature
- Organic
- Conventional
By End-use
- Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice-cream & Frozen Desserts
- Mayonnaise
- Noodles & Pasta
- Salad Dressings
- Others
- Food Service Providers
- Retail/Household
- Convenience Stores
- Discount Stores
- Modern Trade
- Grocery Stores
- Online Retail
- Specialty Stores
- Wholesalers
- Other Sales Channel
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways
- Based on produc type, powdered vegan eggs are expected to rise at a 5% CAGR during the projected period, owing to the growing vegan trend and enhanced convenience.Vegan powdered eggs are useful for producing almost any egg-containing recipe, such as scrambled eggs and casseroles, because they can be stored for extended periods while still keeping the same nutrients as fresh eggs. In general, liquid eggs are more costly than powdered eggs.
- Based on nature, organic vegan eggs are predicted to grow at a CAGR of 4% during the projection period, whereas conventional vegan eggs account for around 87.7% of the worldwide market.Increased demand for organic goods from developed and developing countries propels the worldwide industry forward. People believe organic food IS healthier and better for immunity.
- Based on region, North America accounted for more than 0% of revenue share. The regional market is expanding due to increased demand for vegan processed meals. Furthermore, increased environmental sustainability concerns and customer preference for vegan diets positively support market growth. Vegan eggs are becoming increasingly popular in the United States and other parts of the world. They are used in anything from healthy snacks and beverages to plant-based delights such as veggie burgers and meat alternatives.
Competition Summary
Key companies covered in the market study are EVO Foods, Mantiqueira (N.Ovo), JUST Inc, Orgran Foods, Terra Vegane, Free and Easy, Follow Your Heart, The Vegg, Vezlay Foods Private, Limited, and now Foods.
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2030), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
About ChemView Consulting
ChemView Consulting is a leading information, market intelligence, and business consulting firm serving clients worldwide in Chemical & Materials, Food & Beverage, Oil & Gas, Clean Energy & Power, and Packaging domains. In their business transformation journey, we have been collaborating with global enterprises, including 70% of the largest Forbes 1000 enterprises, helping them deliver on their business ambitions. ChemView Consulting serves clients in approximately 100 countries, with its office in New York, U.S., and Pune, India.
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