Plant-based Eggs Market Size

Plant-based Eggs Market Size

Plant-based Eggs Market size crossed USD 147.6 million in 2023 and is projected to witness 19% CAGR between 2024 and 2032. The market for plant-based eggs is expanding due to a rising movement toward plant-based diets and worries about sustainability.

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Consumers are looking for alternatives to regular eggs for health, environmental, and ethical reasons, which is fuelling market progress. Plant-based egg products, such as scrambled tofu and mung bean omelets, are becoming popular due to their resemblance to traditional eggs and are being accepted by vegans, vegetarians, and flexitarians. Furthermore, the environmental benefits of lowering animal agriculture's environmental effect are boosting demand for plant-based eggs as a promising and ecologically friendly dietary alternative.

The market's growth is hampered by a lack of consumer awareness about the category's availability, advantages, and different possibilities. Many potential customers are unaware of the nutritional advantages of plant-based egg alternatives, as well as their taste and texture resemblance to traditional eggs. Furthermore, as compared to typical animal-based eggs, these goods have less exposure and marketing efforts, which might stymie consumer adoption. Increased educational and promotional activities emphasizing the benefits of plant-based eggs and their contribution to sustainable and ethical food choices are critical to market expansion.