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

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. Rising health concerns regarding cholesterol and growing awareness about the benefits of plant-based products are major factors driving the growth of the vegan eggs market. Vegan eggs are emerging as a popular alternative to conventional eggs as they are cholesterol-free and contain important nutrients such as proteins, vitamins, and minerals. Additionally, factors such as perceived health benefits of vegan diet, animal welfare concerns and rising awareness about environmental impacts of meat and dairy industries are also driving more consumers towards vegan alternatives. Moreover, growing vegan population across the world due to concerns for animal welfare and environment sustainability is augmenting the demand for vegan eggs. However, higher prices of vegan eggs compared to conventional eggs may hinder the market growth to some extent over the forecast period.

Market Dynamics:

The global vegan eggs market is witnessing significant growth driven by growing health consciousness among consumers. Rising prevalence of heart diseases and diabetes due to high cholesterol content in conventional eggs is prompting consumers to shift to plant-based vegan egg alternatives. Moreover, increasing awareness about environment sustainability and animal welfare owing to large-scale commercial poultry farming is creating strong demand for vegan products. However, high prices of vegan eggs compared to eggs from chicken or other animals may restrict the market growth. Key players are investing heavily in research & development to produce affordable vegan egg products, presenting lucrative opportunities for market expansion. Introduction of innovative vegan egg formats such as liquid, powder, and freeze-dried is further accelerating the market demand.

Key features of the study:

• This report provides in-depth analysis of the global vegan eggs market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global vegan eggs market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Just Inc., Conagra Brands Inc., Enter-food, Bob's Red Mill Natural Foods, and Veganz among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global vegan eggs market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vegan eggs market.

Detailed Segmentation:

• Global Vegan Eggs Market, By Product Type:
• • Powder
  • Liquid
• Global Vegan Eggs Market, By Nature:
  • Organic
  • Conventional
• Global Vegan Eggs Market, By End Use Application:
  • 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
• Global Vegan Eggs Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Top Companies in Global Vegan Eggs Market
  • EVO Foods
  • Mantiqueira (N.Ovo)
  • JUST Inc.
  • Orgran Foods
  • Terra Vegane
  • Free and Easy
  • Follow Your Heart
  • The Vegg
  • Vezlay Foods Private Limited
  • Now Foods.