According to a new report, published by KBV research, The Global Vegan Eggs Market size is expected to reach $479 million by 2030, rising at a market growth of 16.7% CAGR during the forecast period.
The Offline segment is leading the maximum revenue in the Global Vegan Eggs Market by Distribution Channel in 2022; thereby, achieving a market value of $380.2 million by 2030. Purchasing from physical stores allows immediate access to vegan egg products. Shopping in-store offers a hands-on experience, allowing consumers to inspect products, read labels, and make informed decisions based on personal preferences. Some consumers may prefer offline channels due to trust and familiarity with certain local stores or brands, influencing their choice to purchase these eggs from brick-and-mortar locations.
The Powder segment is exhibiting a CAGR of 16.9% during (2023 - 2030). Powdered vegan egg alternatives typically have a long shelf life, offering better storage and stability, which can be advantageous for consumers concerned about product longevity. This form of these eggs can be reconstituted to various consistencies, allowing for customized usage in different recipes and culinary applications. Powdered formulations offer enhanced portability and potential suitability for outdoor excursions or travel owing to their compact size and decreased vulnerability to spoilage.
The North America region dominated the Global Vegan Eggs Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $226.3 million by 2030. The Europe region is anticipated to witness a CAGR of 16.4% during (2023 - 2030). Additionally, The Asia Pacific region is poised to grow a CAGR of 18% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/vegan-eggs-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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