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GLOBAL VEGAN EGGS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Vegan Eggs Market, By Product (Liquid, Powder), By Nature (Organic, Conventional), By End Use Application (Food Processing Industry, Food Service Providers), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa).

  • Published In : Feb 2024
  • Code : CMI6652
  • Pages :138
  • Formats :
      Excel and PDF
  • Industry : Consumer Goods

Global Vegan Eggs Market Size and Trends

The Global Vegan Eggs Market size is expected to reach US$ 3.49 Bn by 2031, from US$ 1.97 Bn in 2024, at a CAGR of 8.5% during the forecast period.

Global Vegan Eggs Market trends:

Increased availability through retail and online channels: The increased availability of vegan eggs through retail and online channels is having a significant impact on the global vegan eggs market. By making vegan egg products easily accessible to consumers via grocery stores, mass retailers, specialty shops and e-commerce platforms, more people now have the option and ability to incorporate these alternatives into their diets.

This wide distribution exposure has helped boost awareness about vegan eggs and what they have to offer for different dietary preferences and lifestyles. Retail availability in particular puts these products on equal footing with conventional animal-derived eggs on store shelves, allowing consumers to make direct side-by-side comparisons more conveniently during regular shopping. The normalization of seeing vegan egg options next to traditional eggs aids in perception and consideration.

Increased focus on sustainability and animal welfare: The increased focus on sustainability and animal welfare is greatly influencing the global vegan eggs market. More consumers are becoming aware of the environmental impact of industrial animal agriculture and the inhumane conditions many egg-laying hens are subjected to. According to data from the World Resources Institute, industrial egg production causes significant carbon emissions and water usage. Hens in cages release toxic fecal matter and must be de-beaked and de-clawed to prevent injury in tightly packed barns. This kind of intensive production is not sustainable long-term.

As consumers learn more about these issues, many are seeking alternatives to traditional eggs that allow for cruelty-free and earth-friendly choices. Vegan egg products offer an appealing substitute, as they claim to mimic the functionality of eggs in cooking and baking without relying on animal products. Manufacturers of vegan eggs emphasize the more sustainable growth and harvesting of plant-based ingredients like aquafaba, mung bean, and flax seeds. They also highlight the reduced carbon footprint and land usage versus intensive poultry egg farming.

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