PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449639
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449639
The Global Vegan Eggs Market size is expected to reach US$ 3.49 Bn by 2031, from US$ 1.97 Bn in 2024, at a CAGR of 8.5% during the forecast period.
Report Coverage | Report Details | ||
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Base Year: | 2023 | Market Size in 2023/2024: | US$ 1.97 Bn |
Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
Forecast Period 2023/2024 to 2030/2031 CAGR: | 8.50% | 2030/2031 Value Projection: | US$ 3.49 Bn |
The Global Vegan Eggs Market size is expected to reach US$ 3.49 Bn by 2031, from US$ 1.97 Bn in 2024, at a CAGR of 6% during the forecast period. Rising health concerns regarding cholesterol and growing awareness about the benefits of plant-based products are major factors driving the growth of the vegan eggs market. Vegan eggs are emerging as a popular alternative to conventional eggs as they are cholesterol-free and contain important nutrients such as proteins, vitamins, and minerals. Additionally, factors such as perceived health benefits of vegan diet, animal welfare concerns and rising awareness about environmental impacts of meat and dairy industries are also driving more consumers towards vegan alternatives. Moreover, growing vegan population across the world due to concerns for animal welfare and environment sustainability is augmenting the demand for vegan eggs. However, higher prices of vegan eggs compared to conventional eggs may hinder the market growth to some extent over the forecast period.
The global vegan eggs market is witnessing significant growth driven by growing health consciousness among consumers. Rising prevalence of heart diseases and diabetes due to high cholesterol content in conventional eggs is prompting consumers to shift to plant-based vegan egg alternatives. Moreover, increasing awareness about environment sustainability and animal welfare owing to large-scale commercial poultry farming is creating strong demand for vegan products. However, high prices of vegan eggs compared to eggs from chicken or other animals may restrict the market growth. Key players are investing heavily in research & development to produce affordable vegan egg products, presenting lucrative opportunities for market expansion. Introduction of innovative vegan egg formats such as liquid, powder, and freeze-dried is further accelerating the market demand.