Global Vegan Eggs Market to Reach US$ 525.4 Million by 2032, Stimulated by the Rising Vegan and Vegetarian Population Globally

December 18, 2023 | Food & Beverages

According to the latest report by IMARC Group, titled “Vegan Eggs Market Report by Form (Powder, Liquid, Egg-shaped), Distribution Channel (Online, Offline), and Region 2024-2032,” the global vegan eggs market size reached US$ 254.9 Million in 2023. Vegan eggs, also known as plant-based eggs or egg alternatives, are food products designed to mimic the taste, texture, and functionality of traditional chicken eggs while being entirely free from animal-derived ingredients. These vegan alternatives are crafted from a variety of plant-based sources, with common ingredients including tofu, chickpea flour, mung bean protein, and nutritional yeast. In recent years, vegan eggs have gained traction as they serve as ethical and environment-friendly substitutes for eggs, catering to individuals who follow a vegan lifestyle or those with dietary restrictions due to allergies or health choices.

Global Vegan Eggs Market Trends:

Nowadays, individuals are adopting plant-based diets due to the rising health, ethical, and environmental concerns. This expanding demographic seeks alternatives to traditional animal-based eggs, thus boosting the demand for vegan eggs. Additionally, consumers are increasingly concerned about their health and are looking for egg alternatives that are lower in cholesterol and saturated fats. Vegan eggs, which are typically cholesterol-free and lower in unhealthy fats, align with these health-conscious choices. Other than this, vegan eggs provide a safe and allergen-free option for individuals with egg allergies or intolerances. They offer a versatile alternative in cooking and baking without the risk of allergic reactions. Besides this, the growing awareness about the environmental impact of conventional egg production, including issues like deforestation and greenhouse gas emissions, has encouraged consumers to opt for more sustainable options. Vegan eggs are seen as an environmentally friendly choice, as they often have a smaller carbon footprint. In line with this, ethical considerations related to animal welfare are driving many consumers to avoid traditional eggs produced through industrial farming practices. Vegan eggs offer a cruelty-free alternative that resonates with those concerned about the treatment of animals in the food industry. Furthermore, companies are investing in research and development to create vegan egg products that closely mimic the taste, texture, and functionality of traditional eggs. Advancements in food technology are leading to more convincing and delicious vegan egg options, attracting a broader consumer base. Moreover, companies in the vegan eggs market are actively promoting their products as ethical and also delicious and versatile. This helps in increasing awareness and driving consumer interest to provide a positive thrust to the market growth. Looking forward, the market value is projected to reach US$ 525.4 Million by 2032, expanding at a CAGR of 8.4% during 2024-2032.

Market Summary:

  • Based on the form, the market has been divided into powder, liquid, and egg-shaped.
  • On the basis of the distribution channel, the market has been segmented into online and offline. Currently, offline holds the largest market share.
  • Region-wise, the market has been segmented into North America (United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, others), Middle East and Africa, and Latin America (Brazil, Mexico, and others). Amongst these, North America is the leading market, accounting for the majority of the global share.
  • The competitive landscape of the market has also been examined, with some of the key players being Atlantic Natural Foods LLC, Eat Just Inc., EVO Foods, Orgran (Roma Food Products), etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Scope of the Report Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Form
  • Distribution Channel
  • Region
Forms Covered Powder, Liquid, Egg-shaped
Distribution Channels Covered Online, Offline
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Atlantic Natural Foods LLC, Eat Just Inc., EVO Foods, Orgran (Roma Food Products), etc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Vegan Eggs Market to Reach US$ 525.4 Million by 2032, Stimulated by the Rising Vegan and Vegetarian Population Globally
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