The Europe Vegan Eggs Market would witness market growth of 16.4% CAGR during the forecast period (2023-2030).
Ethical and sustainability concerns also significantly influence the surging demand for vegan eggs. These eggs offer a cruelty-free alternative, eliminating the need for animal exploitation or environmental impacts associated with traditional egg production. Additionally, it is worth noting that the manufacturing process of the eggs generally results in diminished water consumption and greenhouse gas emissions, thereby safeguarding the environment compared to conventional egg production. This aligns with the values of consumers seeking eco-friendly and ethically sourced food choices, thereby driving the market for these eggs.
Changing demographics are marked by heightened awareness of environmental and ethical considerations. Younger consumers are more attuned to sustainability and animal welfare issues associated with conventional food production. Younger generations, particularly millennials and Generation Z, exhibit a heightened focus on health and wellness. This demographic cohort is increasingly health-conscious and gravitates toward food choices that align with their pursuit of healthier lifestyles.
The expanding food and associated sectors have also resulted in an increasing acceptance of newer diet trends. As a result, a rising consumption of plant-based diets is being witnessed in the region. The adoption of vegetarian or vegan meat and dairy substitutes is a prevalent food trend in Germany, as Germany Trade & Invest reported. Sales increased by over 42% from 2020 to 2022, attaining nearly 2 billion euros; this represents Europe's second-highest revenue per capita (EUR 23). Thus, the rising trend of veganism and the expansion of food retail and service sectors in various European nations will bolster the increasing demand for these types of eggs in the region.
The Germany region dominated the Europe Vegan Eggs Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $31 million by 2030. The UK region is exhibiting a CAGR of 15.4% during (2023 - 2030). Additionally, The France region would experience a CAGR of 17.3% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Vegan Eggs Market will Hit $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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