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Vegan egg market set to expand at 8.3% CAGR through 2031
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Saturday, 03 September, 2022, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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According to a recent report by Fact.MR, a market research and competitive intelligence provider, sales of vegan eggs are expected to reach a value of close to $ 3.3 billion by 2031, rising at a CAGR of around 8.3%.
The vegan egg industry is significantly supported by disease spread due to the consumption of animal-based food. For instance, salmonella germs can be carried by chickens and transmitted to eggs before the shells have formed. Salmonella is responsible for an estimated 1 million instances of food-borne illnesses in United States each year. Antibiotic treatment of egg-laying hens has also been connected to the development of antibiotic-resistant salmonella bacteria.
Although liquid egg products are normally pasteurised to kill pathogens before being marketed, they still pose a concern due to their high potential for bacterial contamination and a moisture and nutrition profile that encourages bacterial development. As such, vegan eggs are preferred by consumers who looking for food safety and good health.
Additionally, the need for plant-based egg substitutes is driven by a variety of causes, some of which are more important to consumers and others that are more important to food makers. Notably, hardly any consumers seek eggs as an ingredient in processed goods, despite the fact that many seek egg-free labels, which bodes well for the market for vegan eggs.
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