by Vegan eggs are plant-based whole food alternatives to conventional animal-derived eggs. They are typically made from ingredients like aquafaba, tofu, chickpeas, lentils and other plant proteins to mimic the functionality and nutritional value of eggs. Vegan eggs provide similar protein content while being cholesterol-free and often contain more vitamins, minerals and fiber compared to regular eggs. The growing awareness towards ethical treatment of animals and associated health benefits of plant-based diets have increased the demand for vegan substitutes like vegan eggs.
Global Vegan Eggs Market Is Estimated To Be Valued At US$ 1.97 Bn In 2024 And Is Expected To Exhibit A CAGR Of 8.5% Over The Forecast Period 2024 To 2031.
Key Takeaways
Key players operating in the global vegan eggs market are 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. These players are focusing on innovative product launches, manufacturing expansion and partnerships to gain foothold in the market.
The rising awareness about animal welfare and environmental sustainability has increased the demand for plant-based alternatives. This provides ample opportunities for vegan egg manufacturers to expand their portfolio.
The Global Vegan Eggs Market Growth has led food companies to invest internationally as well. Players are expanding their presence across regions like North America, Europe, Asia Pacific and Middle East & Africa to capitalize on the global vegan food market opportunity.
Market drivers
The chief driver boosting the vegan eggs market is the rising health consciousness among consumers. Individuals are becoming more aware about their dietary choices and opting for plant-based substitutes that are cholesterol-free, GMO-free and have less environmental impact compared to conventional alternatives. There is also an increased preference towards protein-rich foods made from plants which is helping vegan eggs gain traction. With health-conscious consumers demanding sustainable, ethical and versatile ingredients, the demand for vegan eggs is expected to surge over the forecast period.
PEST Analysis
Political: Regulatory bodies related to food manufacturing sector are focusing on enhancing food safety standards and regulations for Global Vegan Eggs Market Size and Trends products.
Economic: Increasing health consciousness and rising disposable income levels are driving higher demand for vegan alternatives to conventional foods.
Social: Growing vegan population due to rising awareness about animal welfare and environmental protection is fueling the adoption of plant-based substitutes for various food products.
Technological: Major players are investing in R&D to develop innovative plant-based formulations and processing techniques to replicate the taste, texture and functionality of eggs using plant-based ingredients.
The value sales of global vegan eggs market are highly concentrated in the North America region. The U.S. represented the largest market as veganism continues to gain momentum alongside lactose intolerance. Europe is another lucrative regional market, where countries like Germany and United Kingdom have exhibited strong demand growth.
The Asia Pacific region is projected to emerge as the fastest growing regional market between 2024 to 2031. This can be attributed to increasing middle class population, growing health consciousness and animal welfare concerns driving more consumers towards vegan lifestyles especially in developing nations like India and China.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.LinkedIn
