Aquafaba Market

Aquafaba Market Outlook (2024 to 2034)

The global aquafaba market is set to reach US$ 41.5 million in 2024 and climb to a value of US$ 189.6 million by the end of 2034, flourishing at a CAGR of 16.4% between 2024 and 2034.

There is continuously increasing demand for plant-based substitutes for conventional animal-based products as more people switch to vegan diets. The liquid left over after cooking chickpeas or other legumes is known as aquafaba, and it is a popular plant-based substitute for eggs in a variety of recipes, especially among vegans.

Key Market Growth Drivers

• The popularity of aquafaba as an egg substitute in the baking and cooking industry is driven by its allergen-free and vegan-friendly qualities, thus driving demand among health-conscious customers.
• Demand for vegan baked goods, desserts, and savory dishes is rising, which is driving extensive use of aquafaba as an ingredient in their preparation.
• To cater to the growing need for plant-based solutions, food makers and chefs are incorporating aquafaba into their recipes.
• Aquafaba is now being explored by chefs, food bloggers, and amateur cooks to find new uses and recipes, creating more demand from the other food-related segments.
• Aquafaba-based products are becoming increasingly accessible to consumers through Internet platforms, specialized food stores, and supermarket stores.
• With increased consumer knowledge and accessibility, more people are using aquafaba for baking and cooking purposes, thus driving market growth.
• Aquafaba is an essential ingredient in a variety of culinary applications due to its functional qualities, such as its ability to stabilize and aerate.
• Its versatility in creating meringues, mousses, mayonnaise, and even vegan cheese substitutes highlights its demand among food manufacturers, chefs, and customers.
• The market for aquafaba is influenced by rising adoption of veganism, its capacity to be free of allergens, sustainability programs, innovative culinary techniques, and greater accessibility, which is encouraging its use in a variety of culinary applications.

Report Attributes	Details
Aquafaba Market Size (2024E)	US$ 41.5 Million
Forecasted Market Value (2034F)	US$ 189.6 Million
Global Market Growth Rate (2024 to 2034)	16.4% CAGR
North America Market Value (2024E)	US$ 9 Million
East Asia Market Value (2034E)	US$ 48 Million
Sales of Liquid Aquafaba (2024E)	US$ 29 Million
Key Companies Profiled	Haden’s Aquafaba Vor Foods Chickplease OGGS SOS Chefs ATC Group India Australian Grain Export Pty Ltd. Bean Growers Australia Ltd BroadGrain Commodities Inc. Cono Trading International AG Fazlani Exports Pvt. Ltd. JOVA Graneros SA de CV Shimla Hills Offerings Pvt. Ltd.

Which Aquafaba Market Trends are Benefitting Producers?

“Increasing Adoption of Aquafaba as Environment-Friendly Food Ingredient”

The market for plant-based food products is growing at a significant pace. Aquafaba is a highly adaptable plant-based component that is used in place of eggs in a variety of recipes, which appeals to vegans, vegetarians, and others following certain dietary restrictions. Aquafaba is a sustainable way to minimize food waste since it makes use of the liquid that is left over after boiling legumes, which would otherwise be thrown away. Consumers and food manufacturers are turning to aquafaba as an environmentally friendly ingredient alternative as worries regarding sustainability increase.

Chefs, food bloggers, and amateur cooks are experimenting with aquafaba to come up with novel culinary applications and dishes. Its distinctive qualities include its ability to simulate the functions of eggs in baking and cooking and to produce emulsions and foams, making it a flexible ingredient that stimulates creativity in the kitchen. The use and advantages of aquafaba are becoming increasingly popular through social media, cooking blogs, and culinary forums. Consumer interest in goods containing aquafaba has increased along with adoption rates as a result of an increased understanding of the ingredient.

What Challenges Do Aquafaba Suppliers Face?

“Lack of Awareness about Benefits and Uses of Aquafaba”

Maintaining the quality of aquafaba between batches is one of the primary challenges in the industry. The performance of aquafaba in recipes depends on the thickness and composition of the bean used, which leads to inconsistent culinary applications. Many customers are still ignorant about aquafaba and its culinary and baking applications.

The availability and cost of aquafaba are impacted by factors like crop variability, seasonal variations, and supply chain disruptions, which have a direct effect on manufacturers' production schedules and prices. Concerns about taste and texture make some consumers reluctant to try food items containing aquafaba. Manufacturers face constant hurdles in overcoming consumer skepticism and catering to taste preferences through product development and marketing initiatives.

Country-wise Insights

Why is the Aquafaba Market Size Expanding at a Significant Pace in the United States?

“Rising Adoption of Veganism and Allergen-free Food Options”

Attribute	United States
Market Value (2024E)	US$ 6.4 Million
Growth Rate (2024 to 2034)	15.5% CAGR
Projected Value (2034F)	US$ 27.1 Million

There is a growing trend toward vegan food in the United States, and thus aquafaba is a popular plant-based substitute for eggs and dairy in many recipes because it is a flexible and sustainable choice. Consumers are increasingly seeking healthier and more natural ingredients in their meals as they become more cognizant of health and wellness. Because it has less fat and cholesterol than dairy and eggs, aquafaba is thought to be a better alternative. Growing health consciousness is reflected in the increasing demand for plant-based alternatives like aquafaba.

To meet the increasing demand for plant-based and allergen-free solutions, food producers and entrepreneurs in the country are launching aquafaba-based products, such as vegan mayonnaise, meringues, ice cream, and baked goods. Retail and online stores are enhancing the accessibility of aquafaba-based food products in the country.

What are the Factors Driving Market Growth in China?

“Increasing Concerns about Animal Welfare and Environmental Sustainability”

Attribute	China
Market Value (2024E)	US$ 7.6 Million
Growth Rate (2024 to 2034)	16.3% CAGR
Projected Value (2034F)	US$ 34.4 Million

Consumers in China are starting to recognize that nutrients derived from animals can also be found in plants. An increasing number of people are taking an interest in using plant-based goods like aquafaba as dairy and egg replacements in baking and cooking as environmental consciousness and sustainability rise.

Concerns about animal welfare, health, and environmental sustainability are fueling the adoption of vegan and vegetarian food options in China. Being a vegan-friendly ingredient, aquafaba is becoming more and more popular among people who eat plant-based diets, thus driving the aquafaba market growth in China.

Aquafaba-based products are becoming more widely available in Chinese supermarkets, health food stores, and online platforms. The increasing availability of aquafaba-based items, such as mayonnaise, meringues, and baked goods, is fueling a rise in sales as more food companies introduce such goods.

Category-wise Insights

Why Does the Liquid Form Hold a Significant Aquafaba Market Share?

“Enhanced Accessibility and Ease of Use Associated with Liquid Aquafaba”

Attribute	Liquid
Market Value (2024E)	US$ 29 Million
Market Share (2024E)	70.25%
Projected Value (2034F)	US$ 135 Million

Liquid aquafaba is a replacement for eggs that appeals to vegans and plant-based diet followers. It is free of common allergens like dairy, almonds, and soy, making it appropriate for those with allergies or food sensitivities.

Aquafaba is a potassium and soluble fiber-rich liquid that contributes critical nutrients to dishes.

Liquid aquafaba is commercially available in canned and bottled forms. Due to its availability, customers can easily incorporate liquid aquafaba into their cooking without the need for homemade preparations.

Why are Pouches Widely Preferred for Aquafaba Packaging?

“Space Efficiency of Pouches Compared to Regular Containers”

Attribute	Pouches
Market Value (2024E)	US$ 16 Million
Market Share (2024E)	38.64%
Projected Value (2034F)	US$ 71 Million

Aquafaba can be easily dispensed and stored because of the convenient packaging that pouches offer. Customers need not use any additional containers, as they can use the product straight from the bottle or pouch. Without the need for extra tools or containers, customers may simply tear open the pouch and dispense the necessary amount of aquafaba. Pouches take up less space than rigid containers such as bottles or jars. They maximize shelf space in kitchens, pantries, and retail establishments by being able to be stored flat or stacked.

Competitive Landscape

Key players in the aquafaba industry are Haden’s Aquafaba, Vor Foods, Chickplease, OGGS, SOS Chefs, ATC Group India, Australian Grain Export Pty Ltd., Bean Growers Australia Ltd, BroadGrain Commodities Inc., Cono Trading International AG, Fazlani Exports Pvt. Ltd., JOVA Graneros SA de CV, Shimla Hills Offerings Pvt. Ltd. The vegan bacon market and vegan baking ingredients market are growing alongside the aquafaba market.

• In September 2023, Symrise unveiled a range of wholesome aquafaba and chickpea ingredients for Diana Food. The portfolio is supported by Symrise's expertise in sourcing, quality, and food safety. The ingredients offer opportunities for the production of plant-based foods with cleaner labels.

In June 2023, Fabalish released an advertisement announcing the distribution of complimentary jars of vegan mayo. Prepared without soy, eggs, nuts, or gluten, the vegan mayo is made with basic ingredients, organic, cold-pressed, high-oleic sunflower oil and aquafaba (also known as chickpea water).

Key Segments of Aquafaba Market Research

• By Form :

  • Powder
  • Liquid

• By Application :

  • Pancakes
  • Waffles
  • Mayonnaise
  • Meringues
  • Cookies
  • Brownies
  • Dressings
  • Cocktails

• By Packaging :

  • Bottles
  • Jars
  • Pouches

• By Sales Channel :

  • Online
  • Supermarkets/Hypermarkets
  • Specialty Stores

• By End Use :

  • Bakery & Confectionery
  • Household Consumption
  • HoReCa

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa (MEA)