The global vegan egg market enjoyed year-on-year (YoY) growth of 6.9% and accounted for US$ 1.5 Bn in 2021, and is expected to witness a high CAGR of 8.3% through 2031.
According to Fact.MR, a market research and competitive intelligence provider, sales of vegan eggs are expected to reach close to US$ 3.3 billion by 2031, growing at an 8.3% CAGR.
Disease spread caused by animal-based food consumption significantly supports the vegan egg industry. Salmonella germs, for example, can be carried by chickens and transmitted to eggs before the shells have formed. Salmonella causes an estimated 1 million cases of food-borne illness in the United States each year. The development of antibiotic-resistant salmonella bacteria has also been linked to antibiotic treatment of egg-laying hens.
Although liquid egg products are typically pasteurised to kill pathogens before being marketed, they still pose a risk due to their high potential for bacterial contamination and a moisture and nutrition profile that promotes bacterial growth. As a result, consumers seeking food safety and good health prefer vegan eggs.
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Vegan Egg Market Segmentation
By Region
By End Use
Essential Takeaways from the Vegan Egg Market Report
According to a survey by The Plant-Based Foods Association, vegan egg consumption in the United States increased 168% in 2020. Despite the rising business, there are still a few players, as they try to develop vegan eggs that can thicken, leaven, bind, and aerate just like chicken eggs, while preserving a similar taste and texture.
Mumbai-based EVO foods, U.K.-based CRACKD, and Israeli Zero Egg are among the other emerging worldwide companies. All are predominantly liquid egg producers, with nutritional characteristics and foundation components ranging from pea protein to chickpeas.
Vegan egg manufacturing is one of the last frontiers in plant-based cuisine, with fake eggs threatening to destabilise the chicken egg market over the coming years.
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Jun 14, 2023