The global vegan eggs market involves production and sales of plant-based egg alternatives that mimic the functional characteristics of conventional eggs. Vegan eggs are typically made from plant-based ingredients like mung beans, chickpeas, soy, potatoes, and aquafaba to offer similar binding and emulsifying properties as chicken eggs. They are a suitable replacement for vegans and people with egg allergies, and are often used in baking, cooking, and breakfast meals. Advantages of vegan eggs over regular eggs include lower cholesterol content, no risk of salmonella contamination, and a reduced environmental impact compared to industrial egg production. The growing global demand for plant-based meat and dairy alternatives is fueling innovation and development of new vegan egg products.

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, and Now Foods. These companies offer a variety of plant-based egg alternatives made from ingredients like mung beans, chickpeas, soy, and aquafaba. Demand for vegan products is growing rapidly due to increasing health awareness, environmental concerns, and ethical choices surrounding animal welfare.

Global Vegan Eggs Market Growth and flexitarian consumers are plant-based substitutes of egg, meat, and dairy products across regions. Major food brands and startups are capitalizing on this opportunity by launching innovative vegan egg products to cater to global demand.

The global vegan population has doubled in the last five years, with over 7% of Americans now identifying as vegan. This fast-growing market offers attractive opportunities for expansion by plant-based food brands worldwide. Companies are investing in R&D to develop vegan egg products customized for regional taste preferences in both domestic and international markets like Europe, Asia-Pacific and Latin America. The market is witnessing increased private label offerings of vegan eggs by major retailers to strengthen their natural and organic food portfolios.

Market drivers
One of the major drivers of the Global Vegan Eggs Market Size and Trends is the growing health and wellness trend. People are increasingly adopting plant-based diets to manage medical conditions like heart disease, diabetes, obesity, and certain types of cancers which are linked to excessive animal product consumption. Vegan eggs are a healthy substitute as they are free from cholesterol, lactose and are rich in proteins, vitamins and minerals. Additionally, rising concerns about food-borne illness from egg-related salmonella infections are playing a role in accelerating demand. Vegan eggs offer a safer protein option to cater to this consumer need.

Geopolitical Impact on Global Vegan Eggs Market Growth

The current geopolitical turmoil owing to the ongoing Russia-Ukraine war is impacting raw material supply chains and distribution networks of the global vegan eggs market. Many European countries that are major consumers of vegan eggs are facing economic downturns due to rising energy prices and inflationary pressures caused by the war. This is negatively impacting the spending power of consumers in these regions. Furthermore, restrictions on Russian exports have disrupted supplies of key ingredients like soy, wheat, and pea proteins that are important sources of alternative proteins for vegan eggs. Companies in the market need to focus on diversifying their sourcing networks and establishing new local suppliers to mitigate geopolitical risks. They must also devise pricing strategies that balance pass-through of high input costs without drastically impacting demand. Looking ahead, players will need to localize production wherever possible and pursue partnerships in politically stable markets to ensure long term sustainable growth of the vegan eggs category.

Geographical Regions with Highest Value Share in Global Vegan Eggs Market

Europe currently accounts for the largest value share in the global vegan eggs market owing to robust consumer demand driven by heightened awareness about health, animal welfare and sustainability issues. Countries like Germany, United Kingdom and France are major European markets. The region enjoys strong presence of leading vegan egg brands and a proliferation of vegan food options in retail and foodservice segments. North America is another highly lucrative region driven by consumer shift towards flexitarian and plant-based diets in the United States and Canada. Rising vegan population and innovative new product launches are supporting market growth. Asia Pacific is projected to be the fastest growing regional market for vegan eggs in terms of value, led by China, India and Australia. Improvements in domestic production capacities and distribution networks across APAC will make alternative proteins more accessible.

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