The global vegan egg market is expected to reach a market valuation of US$ 1.6 Bn by the year 2022, accelerating at a CAGR of 8.4% by 2022-2032. Vegan egg sales currently account for about ~2.9% of the global egg market in terms of value.
The vegan eggs industry is greatly aided by the spread of disease caused by the consumption of animal-based foods, such as salmonella germs, which can originate in poultry and transferred to eggs even before shells have formed. Each year, Salmonella causes an estimated 1 million cases of foodborne illness in the United States. The use of antibiotics in egg-laying hens has also been linked with the development of antibiotic-resistant Salmonella bacteria.
Green and beans are excellent, but every now and then, a vegetarian, vegan, flexitarian, craves something familiar and hearty. As a market sector, plant-based and food-tech meat, cheese, and vegan eggs are far from dormant. They are experiencing recent innovations and developments, raising significant seed funding, and capturing the attention of the global food industry. In 2022 and beyond, consumers could definitely go for a vegan, environmentally friendly, and relatively healthier diet.
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Key Takeaways from Market Study
- The U.S. is expected to account for more than 85% of the North America market in 2022 owing to the increasing demand for processed vegan foods.
- According to FMI analysis, China is expected to account for nearly 44% of the East Asian market share in 2022, aided by increasing online vegan egg retailing.
- Germany, with a market share of nearly 20.0% in 2022, is an influential country in the Europe vegan eggs market, gaining from the growing demand for packaged and convenience food products.
- Because of its range of applications, the powder vegan eggs are expected to account for nearly 49% of the market in 2022.
“Manufacturers are focusing on continuous research and development to enhance food quality. They are also adopting a number of different technologies such as nanotechnology and biotechnology for the production of vegan eggs even easier,” says a Future Market Insights analyst.
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Competitive Landscape
Demand for vegan food products is anticipated to witness significant growth over the forecast period. Vegan eggs suppliers and manufacturers are tailoring their product portfolio to cope with the increasing consumer demand.
A growing number of companies are entering the organic vegan eggs market due to high profitability and rising consumer demand for natural products. The following are some noteworthy market developments:
- Berlin-based Perfeggt’s planning to launch its new vegan liquid egg in 2022, made from fava beans and other plant proteins.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Vegan Egg Market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
Vegan Egg Market By Category
By Product Type, Vegan Egg Market is segmented as:
- Powder
- Liquid
By Nature, Vegan Egg Market is segmented as:
- Organic
- Conventional
By End-use Application, Vegan Egg Market is segmented as:
- 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, Vegan Egg Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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