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Vegan Egg Market Research Report Information By Form (Powder, Liquid, Egg-shaped), By Distribution Channel (Online, Offline) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“Market Forecast Till 2032

ID: MRFR/F-B & N/20134-HCR | 128 Pages | Author: Tejas Chaudhary| July 2024

Global Vegan Egg Market Overview

Vegan Egg Market Size was valued at USD 0.15 Billion in 2023. The Vegan Egg industry is projected to grow from USD 0.16 Billion in 2024 to USD 0.26 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.30% during the forecast period (2024 - 2032). Increase in consumers of vegan food and technological advancements in plant-based egg market are the key market drivers enhancing the market growth.

Vegan Egg Market Overview

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Vegan Egg Market Trends

  • Growing plant-based lifestyle is driving the market growth

The Vegan Egg market is witnessing a surge in popularity driven by the increasing adoption of plant-based lifestyles. Consumers are becoming more conscious of their dietary choices, seeking sustainable and cruelty-free alternatives. As a result, the demand for Vegan Egg s, made from plant-based ingredients like mung beans or chickpeas, is rising. This trend aligns with a broader shift towards plant-based diets, contributing to the market's expansion. This factor drives the market CAGR.

Additionally, innovation in Vegan Egg formulations is a key trend shaping the market. Companies are investing in research and development to enhance the texture, flavor, and nutritional profile of plant-based egg substitutes. Advances in food technology are enabling the creation of Vegan Eggs that closely mimic the taste and functionality of traditional eggs, appealing to both vegans and flexitarians. The market is witnessing a diverse range of product offerings, including liquid egg alternatives, baking mixes, and ready-to-eat egg substitutes.

Health-conscious consumers are increasingly turning to Vegan Egg s as part of a broader focus on nutritious and wholesome food options. Vegan Egg products often offer lower cholesterol levels and reduced saturated fat content compared to traditional eggs. This nutritional profile appeals to consumers who prioritize heart health and overall well-being. The Vegan Egg market is responding to this trend by promoting the health benefits of its products, attracting consumers seeking plant-based alternatives for a healthier lifestyle. For instance, in 2021, Nestlé launched plant-based substitutes for eggs and shrimp as well as an expansion of its line of plant-based foods. People now have a delicious, healthy option produced ethically and sustainably thanks to plant-based eggs. The vegan, omega-3 fatty acid and soy protein-containing plant-based products were released under the Garden Gourmet veggie brand in Europe and received a Nutri-Score. Thus, driving the Vegan Egg market revenue.

Vegan Egg Market Segment Insights

Vegan Egg Type Insights

The Vegan Egg market segmentation, based on Form includes Powder, Liquid, and Egg-shaped. The dominating form is "Powder." Powdered Vegan Egg alternatives have gained prominence due to their versatility and extended shelf life. Consumers appreciate the convenience and ease of storage associated with powdered forms, making them a popular choice among individuals seeking plant-based egg substitutes. Simultaneously, the fastest-growing form is "Liquid." The increasing demand for ready-to-use and liquid Vegan Egg options reflects the changing preferences of consumers who prioritize convenience and time-saving in their cooking routines.

Figure1: Vegan Egg Market, by Type, 2022&2032 (USD Billion)

Vegan Egg Market, by Type, 2022&2032

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Vegan Egg Distribution channel Insights

The Vegan Egg market segmentation, based on distribution channel, includes Online, Offline. The dominating distribution channel is "Online." The online distribution channel has witnessed significant growth, primarily fueled by the increasing trend of e-commerce and the convenience it offers to consumers. Simultaneously, the fastest-growing distribution channel is "Offline," particularly through brick-and-mortar stores. The offline distribution channel caters to consumers who enjoy physical shopping and the ability to inspect products before purchase.

Vegan Egg Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Vegan Egg market area will dominate this market; owing to rise in the adoption of plant-based diets and lifestyles will boost market growth in this region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.



Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Vegan Egg market accounts for the second-largest market share due to the surge in awareness regarding environmental issues, animal welfare concerns, and health-conscious dietary preferences. Further, the German Vegan Egg market held the largest market share, and the UK Vegan Egg market was the fastest growing market in the European region

The Asia-Pacific Vegan Egg Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to growing population, is driving a significant shift towards plant-based and vegan dietary choices in the region. Moreover, China’s Vegan Egg market held the largest market share, and the Indian Vegan Egg market was the fastest growing market in the Asia-Pacific region.

Vegan Egg Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Vegan Egg market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Vegan Egg industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Vegan Egg industry to benefit clients and increase the market sector. In recent years, the Vegan Egg industry has offered some of the most significant advantages. Major players in the Vegan Egg market, including plantmade. in (India), Vezlay Foods Pvt. Ltd (India), Plamil Foods Ltd. (U.K.), Peggs (U.S.), Osome Pte. Ltd. (Singapore),Eat Just, Inc. (U.S.),Simply Eggless Inc. (U.S.), Others., and others, are attempting to increase market demand by investing in research and development operations.

Zero Egg is a food technology company creating plant-based eggs that are good for people, hen-friendly, and easy on the planet. Zero Egg believe plant-based eggs should be an everyday choice. It shouldn’t be costly, hard to find, or lacking in any way. Zero Egg created the plant-based egg for everyone. Zero Egg products are available to foodservice operators and food manufacturers in the United States, Israel, the EU and UK. In March 2023, Zero Egg, a food tech company, announced the launch of more egg-like versions of its clean-label plant-based egg patties. DOT Foods sells it in the United States.

Ginkgo, use biology to grow the future. Companies across industries leverage our platform to design, develop, and optimize products for a breadth of commercial applications. Ginkgo help partners grow key ingredients for vaccines, crops that rely less on fossil fuel-based fertilizers, plant-based meat that tastes like the real thing, materials for the next generation of circular fashion, and so much more. In 2022, Evo Foods and Ginkgo Bio Works collaborated to market egg products without the use of animals. With this alliance, the businesses hope to introduce vegan protein options that complement consumer tastes in response to the growing demand for vegan food options among consumers.

Key Companies in the Vegan Egg market include

  • in (India)

  • Vezlay Foods Pvt. Ltd (India)

  • Plamil Foods Ltd. (U.K.)

  • Peggs (U.S.)

  • Osome Pte. Ltd. (Singapore)

  • Eat Just, Inc. (U.S.)

  • Simply Eggless Inc. (U.S.)

Vegan Egg Industry Developments

January 2023: Shukran Foods, a Spain-based food firm introduced a 100% vegan substitute to eggs for the hospitality and food service sector. As per the company’s statement, the egg replacement solution tackles the challenges that the plant-based egg industry has been dealing with. These challenges include great taste, extensive range of uses, less environmental impact, and food nutritional profile.

February 2023: METRO Germany introduced the Vegan Egg roll ‘NoPokPok,’ which is a new egg alternative. NoPokPok Vegan Egg roll offers an array of uses. Due to its steady texture, it offers itself to be sliced with an egg slicer. Later on, it can be processed, added to a Vegan Egg salad, or used as a topping. The solution can be used for both cold and hot dishes.

Vegan Egg Market Segmentation

Vegan Egg Form Outlook

  • Powder

  • Liquid

  • Egg-shaped

Vegan Egg Distribution Channel Outlook

  • Online

  • Offline

Vegan Egg Regional Outlook

  • North America

    • US

    • Canada

  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe

  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific

  • Rest of the World

    • Middle East

    • Africa

    • Latin America

Report Attribute/Metric Details
Market Size 2023 USD 0.15 Billion
Market Size 2024 USD 0.16 Billion
Market Size 2032 USD 0.26 Billion
Compound Annual Growth Rate (CAGR) 6.30% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2019- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Form, Distribution Channel, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Plantmade. in (India), Vezlay Foods Pvt. Ltd (India), Plamil Foods Ltd. (U.K.), Peggs (U.S.), Osome Pte. Ltd. (Singapore),Eat Just, Inc. (U.S.),Simply Eggless Inc. (U.S.),
Key Market Opportunities Increase in consumers of vegan food
Key Market Dynamics Technological advancements in plant-based egg

Frequently Asked Questions (FAQ) :

The Vegan Egg market size was valued at USD 0.15 Billion in 2023.

The global market is projected to grow at a CAGR of 6.30% during the forecast period, 2024-2032.

North America had the largest share in the global market

The key players in the market are plantmade. in (India), Vezlay Foods Pvt. Ltd (India), Plamil Foods Ltd. (U.K.), Peggs (U.S.), Osome Pte. Ltd. (Singapore),Eat Just, Inc. (U.S.),Simply Eggless Inc. (U.S.),.

The powder category dominated the market in 2023.

The online category had the largest share in the global market.

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