The Global Egg Substitute Market is anticipated to grow from $1.91 billion in 2021 to over $3 billion in 2028, a CAGR of 6.90%.
“The vegan eggs segment is growing substantially owing to the growing trends of veganism and their widespread availability across the globe”, states the Egg Substitute Market Report, conducted by Brand Essence. “Rising allergenicity, more awareness about environmental sustainability and a movement in consumer preferences toward vegan diets are some of the major factors driving the growth of the global egg substitutes market.”
According to the report, egg Substitutes are referred to as edible products that can be used as alternatives for eggs. “They are used in bakery products, mayonnaise, ice-cream, chocolates, and custard, among others.”