Vegan Egg Market to Reach US$ 4,955.4 Million by 2030
Reports and Insights has published a new report titled, “Vegan Egg Market: Opportunity Analysis and Future Assessment 2022-2030”
The vegan egg market is estimated to reach at a value of US$ 2,540.8 Mn by the end of 2022 and expected to reach at a value of US$ 4,955.4 Mn by 2030 with a significant CAGR of 8.7%.
Key Takeaways from the Market Study
- The vegan egg market is estimated to reach at a value of US$ 2,540.8 Mn by the end of 2022 and expected to reach at a value of US$ 4,955.4 Mn by 2030 with a significant CAGR of 8.7%
- The mayonnaise application segment in vegan egg market is expected to create an incremental opportunity of US$ 766.0 Mn during the forecast period
- In 2022, the oilseeds ingredients segment accounted for the largest market share and expected to grow at 8.8% CAGR during the forecast period.
- The U.S. vegan egg market is expected to create an incremental opportunity of US$ 1,000.2 Mn during the forecast period
- In 2020, the North America region accounted for the largest market share and expected to grow at a significant CAGR during the forecast period
- Vegan egg market is expected to increase 2.0X times during the forecast period of 2022 to 2030
There has been an ever-continuous debate about the healthfulness – of unhealthiness – of eggs in the food and beverages domain and nutrition community. Are eggs really a protein-packed breakfast alternative or are they just a bunch of heart problems on the plate? Should one consume the egg whites or switch to yolks instead? It is a continual point of controversy. However, in recent years, vegan eggs have arrived in the market and it has to be one of the most unexpected and surprising additions to the plant-based ingredients and food product. Along with a growing desire for plant-based and sustainable foods, one can now explore eggs and meats made out of plants and not from animals.
Basically, vegan eggs can be understood as a combination of ingredients intended to emulate either the taste or appearance, binding potential, or both, of poultry eggs. The advanced and modern alternatives make use of everything ranging from soy milk to mung beans as well as black salt. Since the rapid rise in the risk of heart diseases, regular eggs are often found with high amounts of cholesterol, most abundantly in the yolks. Further, to support that, researchers at the Northwestern University in Chicago reportedly said: “For every half an egg consumed per day, people had a 6 percent higher risk of developing cardiovascular disease, and an 8 percent higher risk of death over 17.5 years.” And thus, based on the constituents utilized, vegan eggs are considerably more healthy. There is one indisputable fact that they are healthier than animal-laid versions, as they are composed of zero cholesterol. Owing to which, the vegan egg market is projected to witness significant growth over the following years.
Moreover, the rising awareness among people regarding healthy lifestyle as well as health benefits of vegan diet and food products is further expected to contribute positively to the vegan egg market growth in the following years. In addition to that, the animal-laid regular eggs are not considered good for the environment because of the farm energy use, emissions discharged from the production of animal feed, as well as disposal of animal waste.
At the same time, vegan eggs do seem to depend on less intense approaches of production, even when bearing in mind crop developments (soy is generally employed). Therefore, attributing to said factors, the vegan egg market is projected to observe major breakthroughs over the coming years.
Reports and Insights Study identifies some of the key participating players in the vegan egg market globally are Glanbia plc, Ingredion Incorporated, Cargill, Bob’s Red Mill Natural Foods, Inc., House Foods America Corporation, 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, The Neat Egg, Conagra Brands, Inc., Ener-G, among others.
The vegan egg market is segmented on the basis of form, ingredients, storage, application, and region
Others (Vegetables Oils and Flavouring Agents)
Biscuits and Cookies
Noodles and Pasta
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