The global vegan eggs market comprises plant-based egg alternatives that resemble chicken eggs in terms of nutrition and usage. Vegan eggs are primarily produced from plants, such as beans, nuts, seeds, and grains, which not only provide similar protein content as chicken eggs but also address the health concerns related to cholesterol. The increasing number of people suffering from cholesterol-related health issues such as heart disease has fueled the demand for Global Vegan Eggs Market Trends alternatives to normal chicken eggs.
The Global Vegan Eggs Market is estimated to be valued at US$ 3.49 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period of 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 leading players are extensively focused on expanding their production capacities and distribution networks across different geographical regions to cater to the growing demand.
The demand for vegan eggs is growing significantly owing to the rising health consciousness among consumers regarding the risk of cardiovascular diseases associated with the excessive consumption of cholesterol from chicken eggs. Also, the shifting dietary preferences from animal-based to plant-based foods have supplemented the demand for vegan eggs globally.
In addition, key players are investing heavily in strategic collaborations with food chains and retail stores to strengthen their global footprint. For instance, in 2021, JUST Inc. partnered with several major food retailers including Walmart, Kroger, and Albertsons to expand the availability of its vegan egg products across the United States. Such initiatives are helping the market players to penetrate untapped international markets.
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