The Asia Pacific Vegan Eggs Market would witness market growth of 18.0% CAGR during the forecast period (2023-2030).
Vegan eggs, crafted from diverse plant-based ingredients, offer a cruelty-free, cholesterol-free, and sustainable alternative to conventional eggs, driving the market's rapid expansion and evolution. The escalating demand for these eggs is propelled by a convergence of influential factors reshaping the food landscape. Foremost among these factors is the rising adoption of plant-based diets driven by health and wellness considerations.
Traditional eggs are used in numerous food processes due to their ability to gel, foam, and emulsify. In addition to whole eggs, egg whites, and egg yolks, eggs are available in the marketplace in liquid and dry forms. Furthermore, eggs possess proteins, minerals, vitamins, essential fatty acids, and additional micronutrients, which contribute to their nutritional value in addition to their practicality. However, prolonged egg consumption has been linked to chronic degenerative diseases, including cardiovascular disease and mortality, owing to the elevated cholesterol content, notwithstanding the nutritional value and practicality of eggs as a food ingredient.
In India, rapid urbanization has led to significant shifts in dietary patterns, with urban areas witnessing a rising interest in Western food trends and healthier eating habits. More than 31,300 food processing businesses with sales of 79.1 trillion KRW, or roughly $69.1 billion, existed in Korea as of 2021. In Japan, sales for the food service industry in hotels, restaurants, and other institutional settings (HRI) was JPY 25,517 trillion (US$239.1 trillion) in 2020. The sizable vegan food consumption demands of Japan are still significant. They will remain a key sector for increasing demand for vegan products that serve the Japanese HRI food service companies. It is anticipated that these factors will aid in expanding the market.
The China region dominated the Asia Pacific Vegan Eggs Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $22.8 million by 2030. The Japan region is registering a CAGR of 17.2% during (2023 - 2030). Additionally, The India region would showcase a CAGR of 18.7% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Offline, and Online. Based on Form, the market is segmented into Liquid, Powder, and Egg-shaped. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Vegan Eggs Market is Predict to reach $479 Million by 2030, at a CAGR of 16.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Eat Just, Inc., Glanbia PLC, Bob’s Red Mill Natural Foods, Inc., ProVeg e.V., Atlantic Natural Foods, Inc., Evo Foods, Lovely Day Foods GmbH, Roma Food Products, Grupo Mantiqueira and Le Papondu.
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