Latin America Vegan Egg Substitute Market To Register Great Revenues During 2023-2028 Due To Growing Trend Of Veganism Among Consumers

El nuevo estudio de Informes de Expertos titulado ‘Mercado Latinoamericano de Sustitutos de Huevo Veganos, Informe y Pronóstico 2023-2028′, ofrece una amplia revisión de los factores que reflejan positivamente el panorama del mercado y explora los factores en términos de forma, tipo, aplicación, y las regiones clave. El informe también estudia las restricciones y los retos del mercado, basándose en los modelos de las cinco fuerzas de Porter, junto con un análisis FODA. Asimismo, se evalúa el mercado en sobre la base de las tendencias pasadas y futuras y su influencia posterior en el algoritmo. El estudio incluye una investigación exhaustiva, que abarca indicadores de precios y agentes del mercado, ilustrando las repercusiones en la dinámica y las perspectivas del mercado.

The new report by Informes de Expertos titled, ‘Latin America Vegan Egg Substitute Market 2023-2028’ , provides a broad review of the factors that reflect positively on the market landscape and explores the factors in terms of form, type, application, and key regions. The report also examines market constraints and challenges, based on Porter’s five forces models, along with a SWOT analysis. Furthermore, the market is assessed on the basis of past and future trends and their subsequent influence on the algorithm. The study includes extensive research, covering price indicators and market players, illustrating the impact on market dynamics and prospects.

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Los aspectos más destacados del informe son:

Visión General del Mercado (2018-2028)

• CAGR del Periodo de Pronóstico (2023-2028): 4,2%

El mercado de los sustitutos veganos del huevo en América Latina está en auge debido al creciente interés por las alternativas vegetales para reducir el consumo de productos de origen animal. Existe un creciente interés por opciones alimentarias más saludables y sostenibles en América Latina, lo que está impulsando la demanda de sustitutos veganos del huevo. El número de veganos en la región está aumentando, lo que impulsa la demanda de sustitutos veganos del huevo como sustituto del huevo. En consecuencia, el mercado obtuvo unos ingresos de USD 1,38 millones en 2021 en América Latina.

Además, las regulaciones e iniciativas gubernamentales para promover dietas basadas en plantas están impulsando la demanda de sustitutos de huevo veganos en la región. Junto con los avances en la tecnología están llevando al desarrollo de nuevos sustitutos veganos del huevo con mejores propiedades y rendimiento, proliferando la demanda de estos sustitutos. Además, la creciente concienciación sobre las preocupaciones medioambientales y éticas está impulsando la demanda de alternativas vegetales a los productos animales, incluidos los sustitutos veganos del huevo. A su vez, está impulsando el número de restaurantes vegetarianos y veganos en la región que utilizan estos sustitutos de forma habitual, aumentando así la competencia en el mercado.

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Industry Definition and Major Segments

There are several vegan egg substitutes that can be used in cooking and baking, including tofu, which is a silken tofu can be blended and used as a replacement for eggs in recipes such as quiches and scrambled eggs. Other such substitutes are chickpea flour, flax seeds, aquafaba and so on.

On the basis of form, the market is bifurcated into:

• Solid
• Liquid

By type, the industry is divided into:

• Starch
• Seaweed Meal
• Soybean-based
• Others

Some of the major applications in the industry include:

• Bakery
• Confectionery
• Desserts
• Convenience Food
• Others

Key regions covered include:

• Brazil
• Argentina
• Mexico
• Chile
• Others

Market Trends

With more people looking to reduce their consumption of animal products, there is a growing demand for vegan egg substitutes in the region. Consumers are becoming more conscious about the food they eat, therefore, growing demand for organic and non-GMO egg substitute products is also expected. Also, the rising trend of home-cooking and baking is expected to drive the demand for vegan egg substitutes as a key ingredient in a variety of dishes.

Companies are investing more in R&D to create new, more realistic egg substitute products that can mimic the taste and texture of real eggs. Advancements in technology are leading to the development of new vegan egg substitutes with improved properties and performance, driving the market growth. It is leading the increase in the number of vegetarian and vegan restaurants in the region.

Key Market Players

The major players in the market are:

• Glanbia plc
• Ingredion Incorporated
• Cargill, Incorporated
• Grupo Mantiqueira
• Eat Just, Inc.
• Bob’s Red Mill Natural Foods, Inc.
• House Foods America Corporation
• Others

This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.

About Us

Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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