Increased Demand For Vegan Products Will See Egg Replacement Market Soar

The egg subsitute market is predicted to see a growth until 2023 - due to the increasing number of vegans
The egg replacement market is forecast to expand in the upcoming years

The egg subsitute market is expected to see a boost between now and 2023, due to the growing number of consumers who follow a plant-based diet, says a new report.

Consumers are increasingly aware about the health and ethical issues related to egg consumption - which will prompt the egg replacement market to see a significant growth during this period.

Companies including U.S.-based Puratos and Archer Daniels Midland Company have been listed in the report as key players in the market.

Plant-based diet

According to the report by Market Research Future: "Consumers following vegan diets prefer products comprising plant-based natural ingredients due to various health and ethical issues. 

"This factor is estimated to support the egg replacement sales in the global market."

Some of the egg replacement ingredients include: soy-based products, starch, yeast extract, and wheat gluten, among others.

READ MORE:

Egg Company Profits Slashed by $74.3 million: CEO Blames Veganism And 'Challenging Year'

The Good, the Bad and the Eggly - Smashing the Myth that Eggs Are a Health Food

7 Amazing Vegan Substitutes You Can Use Instead Of Eggs

(c)2018 Plant Based News LTD. All Rights Reserved.
Reuse this content
PBN Contributor:

Diana is a London-based writer dedicated to bringing you the latest updates in ethical consumerism and plant-based nutrition. She is a recent media graduate with extensive journalistic experience, and writes in hopes of changing the narrative. You can follow Diana on Instagram and Twitter @dianalupica

Join the conversation

Disclaimer: The opinions expressed in this article are prepared in the author's capacity and do not necessarily reflect the views and opinions of Plant Based News itself. 

Since you're here...
Plant Based News is a FREE service that receives millions of views each week on YoutubeFacebookInstagramTwitterour weekly newsletter and this website. This takes a lot of our personal time, money and hard work. But we do it because we KNOW it makes a difference. If those following our reporting helped by contributing, we could do even more. Please consider supporting us so we can create further awareness about animal rights, environmentalism, ethical consumerism and the plant-based lifestyle. Not a false narrative - but information that empowers people to make better choices.

Support Plant Based News

It's World Vegan Day