Vegan Egg Market - Size, Share, Trends, Growth and Forecast 2028

Report Description

Global vegan egg market is expected to be driven by rising awareness about food-borne illnesses. Furthermore, growing rising demand from an expanding vegan population is expected to fuel the growth of the vegan egg market.

One of the primary factors driving the market growth is the fact that many people are unable to eat eggs due to religious reasons, but they crave the taste. They can satisfy their taste buds by eating scrambled eggs or vegetarian omelets (no animal torture or flesh involved). For the same reason, many people turn to vegetarian eggs. Furthermore, the demand for vegan egg substitutes is driven by a number of factors, some of which are more important to consumers and others of which are more important to food manufacturers.

However, ingredients made from plants have less of an environmental impact. Eat Just claims that compared to "traditional animal sources," its vegan liquid eggs consume 98 percent less water, 86 percent less land, and have a 93 percent lower carbon footprint. According to Simply Eggless, a different vegan egg manufacturer, their lupin bean-based eggs use 95% less water and have a 90% lower carbon footprint than their animal-based counterparts.

Rising Occurrence of Chronic Lifestyle Diseases Drive the Vegan Egg Sales

The vegan egg industry is also progressing due to growing public awareness of a variety of food-borne illnesses that are communicable, such as the salmonella bacterium, which is prevalent in chicken and is frequently transferred to eggs. A study published in the Journal of the American Medical Association looked into whether consuming dietary cholesterol from eggs increased the risk of cardiovascular disease and all-cause mortality. The eating of whole eggs is related with a higher risk of cardiovascular disease, cancer, and all-cause death, according to another sizable prospective study. Each additional 300 mg of dietary cholesterol consumed each day was linked to an increased risk of cardiovascular disease by 16%, an increased risk of all-cause mortality by 19%, and an increased risk of cancer mortality by 24%. In contrast to chicken eggs, which include 186 mg of cholesterol per whole egg, vegan eggs are normally cholesterol-free. People prefer vegan eggs in their day-to-day life in order to reduce their cholesterol intake, which is a significant factor driving the market for vegan egg.

Growing Consumer Preference for Vegan Food Aids the Market Expansion.

The growing demand for vegan processed foods is propelling the vegan egg market forward. Owing to that, rising allergenicity, increased environmental sustainability awareness, and the trend of consumers toward vegan diets are all factors driving the market growth. As more people are switching to plant-based diets, a growing number of companies are developing egg substitutes. For instance, in 2021, the American plant-based company Crafty Counter introduced "Wundereggs," ready-to-eat vegan boiled eggs that are cholesterol-free and have approximately the same amount of saturated fat as a normal egg.. Meanwhile, YO-Egg, an Israeli startup, has developed hyper-realistic plant-based fried eggs. JUST Egg is also a recognized and popular player in vegan liquid egg alternatives. Thus, increasing demand for vegan products and consumer start shifting from poultry products in favor of plant-based alternatives, such as vegan eggs, these trends have contributed to the market expansion during the forecast period.

Despite the fact that lockdowns and shelter-at-home measures have had little impact on the market, sales are expected to increase throughout the assessment period as the vegan population grows.

Increasing Investment Boost the Vegan Egg Industry

As the demand for plant-based foods grows, the company began investing in order to expand the business and strengthen their market positioning. As a result of this, vegan eggs will also see growth in the market. In order to fulfil the growing demand, major market players are focusing on developing new products and expanding their product lines. This is because plant-based eggs perform the same functions and have the same appearance and flavour as conventional eggs.. Zero Egg has invested more thanUSD6 million ahead of 2022 to capitalize on this trend, hiring nine full-time team members in the United States, including key roles in marketing, communications, culinary, operations, and sales. Zero Egg has replaced over a million ordinary eggs in less than a year and is on track to replace more than 1.5 billion in five years, shattering the massive egg industry. Thus, rising investment in the vegan egg industry, which has led to increase the market demand during the forecast period.

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Market Segmentation

The global vegan egg market is segmented based on form, sources, distribution channel, region, and competitional landscape. Based on form, the market is further fragmented into Powder, Liquid, and Egg Shaped. Based on sources, the market is divided into mung beans, soya extracts, legumes, peas, and others. Based on distribution channel, the market is segmented into hypermarkets & supermarkets, convenience stores, specialty stores, online, and others (direct sales, distributors sales, etc.)). The market analysis also studies the regional segmentation divided among North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Company Profiles

Eat Just, Inc., Evo Foodtech Private Limited, Crafty Counter, Roma Food Products (Orgran), Atlantic Natural Foods U.S. (neat), The Vegg New York, LLC, Terra Vegane Europe GmbH, Mantiqueira Alimentos Ltda, ZERO EGG FOOD INC., Wholesome Savour Pte Ltd, are among the major market players in the global platform that lead the market growth of the global vegan egg market.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2021 and 2023E-2028F
Report Coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	Form Sources Distribution Channel Region
Regional Scope	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Country Scope	United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, China, Japan, India, Australia, South Korea, Saudi Arabia, UAE, Turkey, South Africa, Brazil, Argentina, Colombia
Key Companies Profiled	Eat Just, Inc., Evo Foodtech Private Limited, Crafty Counter, Roma Food Products (Orgran), Atlantic Natural Foods U.S. (neat), The Vegg New York, LLC, Terra Vegane Europe GmbH, Mantiqueira Alimentos Ltda, ZERO EGG FOOD INC., Wholesome Savour Pte Ltd
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail of customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, the global vegan egg market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Vegan Egg Market, By Form:

Powder
Liquid
Egg Shaped

Vegan Egg Market, By Sources:

Mung Beans
Soya Extracts
Legumes
Peas
Others

Vegan Egg Market, By Distribution Channel:

Hypermarkets & Supermarkets
Convenience Stores
Specialty Stores
Online
Others

Vegan Egg Market, By Region:

North America

United States
Canada
Mexico

Europe

United Kingdom
Germany
France
Spain
Italy

Asia-Pacific

China
Japan
India
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

Saudi Arabia
UAE
Turkey
South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global vegan egg market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Voice of Customer Analysis (B2C Model Analysis)

4.1. Sample Size Determination

4.2. Respondent Demographics

4.2.1. By Gender

4.2.2. By Age

4.2.3. By Occupation

4.3. Brand Awareness

4.4. Frequency of Purchase

4.5. Factors Influencing Purchase Decision

4.6. Challenges Faced Post Purchase

5. Global Vegan Egg Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Form Market Share Analysis (Powder, Liquid, Egg Shaped),

5.2.2. By Sources Share Analysis (Mung Beans, Soya Extracts, Legumes, Peas, and Others)

5.2.3. By Distribution Channel Share Analysis (hypermarkets & supermarkets, convenience stores, specialty stores, online, and others (direct sales, distributors sales, etc.))

5.2.4. By Regional Market Share Analysis

5.2.4.1. North America Market Share Analysis

5.2.4.2. Europe Market Share Analysis

5.2.4.3. Asia -Pacific Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis

5.3. Global Vegan Egg Market Mapping & Opportunity Assessment

5.3.1. By Form Market Mapping & Opportunity Assessment

5.3.2. By Sources Market Mapping & Opportunity Assessment

5.3.3. By Distribution Channel Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Vegan Egg Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Form Market Share Analysis

6.2.2. By Sources Market Share Analysis

6.2.3. By Distribution Channel Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Vegan Egg Market Outlook

6.2.4.1.1. Market Size & Forecast

6.2.4.1.1.1. By Value

6.2.4.1.2. Market Share & Forecast

6.2.4.1.2.1. By Form Market Share Analysis

6.2.4.1.2.2. By Sources Market Share Analysis

6.2.4.1.2.3. By Distribution Channel Market Share Analysis

6.2.4.2. Japan Vegan Egg Market Outlook

6.2.4.2.1. Market Size & Forecast

6.2.4.2.1.1. By Value

6.2.4.2.2. Market Share & Forecast

6.2.4.2.2.1. By Form Market Share Analysis

6.2.4.2.2.2. By Sources Market Share Analysis

6.2.4.2.2.3. By Distribution Channel Market Share Analysis

6.2.4.3. India Vegan Egg Market Outlook

6.2.4.3.1. Market Size & Forecast

6.2.4.3.1.1. By Value

6.2.4.3.2. Market Share & Forecast

6.2.4.3.2.1. By Form Market Share Analysis

6.2.4.3.2.2. By Sources Market Share Analysis

6.2.4.3.2.3. By Distribution Channel Market Share Analysis

6.2.4.4. Australia Vegan Egg Market Outlook

6.2.4.4.1. Market Size & Forecast

6.2.4.4.1.1. By Value

6.2.4.4.2. Market Share & Forecast

6.2.4.4.2.1. By Form Market Share Analysis

6.2.4.4.2.2. By Sources Market Share Analysis

6.2.4.4.2.3. By Distribution Channel Market Share Analysis

6.2.4.5. South Korea Vegan Egg Market Outlook

6.2.4.5.1. Market Size & Forecast

6.2.4.5.1.1. By Value

6.2.4.5.2. Market Share & Forecast

6.2.4.5.2.1. By Form Market Share Analysis

6.2.4.5.2.2. By Sources Market Share Analysis

6.2.4.5.2.3. By Distribution Channel Market Share Analysis

7. North America Vegan Egg Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Form Market Share Analysis

7.2.2. By Sources Market Share Analysis

7.2.3. By Distribution Channel Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. United States Vegan Egg Market Outlook

7.2.4.1.1. Market Size & Forecast

7.2.4.1.1.1. By Value

7.2.4.1.2. Market Share & Forecast

7.2.4.1.2.1. By Form Market Share Analysis

7.2.4.1.2.2. By Sources Market Share Analysis

7.2.4.1.2.3. By Distribution Channel Market Share Analysis

7.2.4.2. Canada Vegan Egg Market Outlook

7.2.4.2.1. Market Size & Forecast

7.2.4.2.1.1. By Value

7.2.4.2.2. Market Share & Forecast

7.2.4.2.2.1. By Form Market Share Analysis

7.2.4.2.2.2. By Sources Market Share Analysis

7.2.4.2.2.3. By Distribution Channel Market Share Analysis

7.2.4.3. Mexico Vegan Egg Market Outlook

7.2.4.3.1. Market Size & Forecast

7.2.4.3.1.1. By Value

7.2.4.3.2. Market Share & Forecast

7.2.4.3.2.1. By Form Market Share Analysis

7.2.4.3.2.2. By Sources Market Share Analysis

7.2.4.3.2.3. By Distribution Channel Market Share Analysis

8. Europe Vegan Egg Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Form Market Share Analysis

8.2.2. By Sources Market Share Analysis

8.2.3. By Distribution Channel Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United Kingdom Vegan Egg Market Outlook

8.2.4.1.1. Market Size & Forecast

8.2.4.1.1.1. By Value

8.2.4.1.2. Market Share & Forecast

8.2.4.1.2.1. By Form Market Share Analysis

8.2.4.1.2.2. By Sources Market Share Analysis

8.2.4.1.2.3. By Distribution Channel Market Share Analysis

8.2.4.2. Germany Vegan Egg Market Outlook

8.2.4.2.1. Market Size & Forecast

8.2.4.2.1.1. By Value

8.2.4.2.2. Market Share & Forecast

8.2.4.2.2.1. By Form Market Share Analysis

8.2.4.2.2.2. By Sources Market Share Analysis

8.2.4.2.2.3. By Distribution Channel Market Share Analysis

8.2.4.3. France Vegan Egg Market Outlook

8.2.4.3.1. Market Size & Forecast

8.2.4.3.1.1. By Value

8.2.4.3.2. Market Share & Forecast

8.2.4.3.2.1. By Form Market Share Analysis

8.2.4.3.2.2. By Sources Market Share Analysis

8.2.4.3.2.3. By Distribution Channel Market Share Analysis

8.2.4.4. Spain Vegan Egg Market Outlook

8.2.4.4.1. Market Size & Forecast

8.2.4.4.1.1. By Value

8.2.4.4.2. Market Share & Forecast

8.2.4.4.2.1. By Form Market Share Analysis

8.2.4.4.2.2. By Sources Market Share Analysis

8.2.4.4.2.3. By Distribution Channel Market Share Analysis

8.2.4.5. Italy Vegan Egg Market Outlook

8.2.4.5.1. Market Size & Forecast

8.2.4.5.1.1. By Value

8.2.4.5.2. Market Share & Forecast

8.2.4.5.2.1. By Form Market Share Analysis

8.2.4.5.2.2. By Sources Market Share Analysis

8.2.4.5.2.3. By Distribution Channel Market Share Analysis

9. Middle East & Africa Vegan Egg Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Form Market Share Analysis

9.2.2. By Sources Market Share Analysis

9.2.3. By Distribution Channel Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Saudi Arabia Vegan Egg Market Outlook

9.2.4.1.1. Market Size & Forecast

9.2.4.1.1.1. By Value

9.2.4.1.2. Market Share & Forecast

9.2.4.1.2.1. By Form Market Share Analysis

9.2.4.1.2.2. By Sources Market Share Analysis

9.2.4.1.2.3. By Distribution Channel Market Share Analysis

9.2.4.2. UAE Vegan Egg Market Outlook

9.2.4.2.1. Market Size & Forecast

9.2.4.2.1.1. By Value

9.2.4.2.2. Market Share & Forecast

9.2.4.2.2.1. By Form Market Share Analysis

9.2.4.2.2.2. By Sources Market Share Analysis

9.2.4.2.2.3. By Distribution Channel Market Share Analysis

9.2.4.3. Turkey Vegan Egg Market Outlook

9.2.4.3.1. Market Size & Forecast

9.2.4.3.1.1. By Value

9.2.4.3.2. Market Share & Forecast

9.2.4.3.2.1. By Form Market Share Analysis

9.2.4.3.2.2. By Sources Market Share Analysis

9.2.4.3.2.3. By Distribution Channel Market Share Analysis

9.2.4.4. South Africa Vegan Egg Market Outlook

9.2.4.4.1. Market Size & Forecast

9.2.4.4.1.1. By Value

9.2.4.4.2. Market Share & Forecast

9.2.4.4.2.1. By Form Market Share Analysis

9.2.4.4.2.2. By Sources Market Share Analysis

9.2.4.4.2.3. By Distribution Channel Market Share Analysis

10. South America Vegan Egg Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Form Market Share Analysis

10.2.2. By Sources Market Share Analysis

10.2.3. By Distribution Channel Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Brazil Vegan Egg Market Outlook

10.2.4.1.1. Market Size & Forecast

10.2.4.1.1.1. By Value

10.2.4.1.2. Market Share & Forecast

10.2.4.1.2.1.1. By Form Market Share Analysis

10.2.4.1.2.1.2. By Sources Market Share Analysis

10.2.4.1.2.1.3. By Distribution Channel Market Share Analysis

10.2.4.2. Argentina Vegan Egg Market Outlook

10.2.4.2.1. Market Size & Forecast

10.2.4.2.1.1. By Value

10.2.4.2.2. Market Share & Forecast

10.2.4.2.2.1.1. By Form Market Share Analysis

10.2.4.2.2.1.2. By Sources Market Share Analysis

10.2.4.2.2.1.3. By Distribution Channel Market Share Analysis

10.2.4.3. Colombia Vegan Egg Market Outlook

10.2.4.3.1. Market Size & Forecast

10.2.4.3.1.1. By Value

10.2.4.3.2. Market Share & Forecast

10.2.4.3.2.1.1. By Form Market Share Analysis

10.2.4.3.2.1.2. By Sources Market Share Analysis

10.2.4.3.2.1.3. By Distribution Channel Market Share Analysis

11. Market Dynamics

11.1. Drivers

11.1.1. Increasing demand for vegan foods

11.1.2. Rising investment

11.1.3. Rising social media influencer

11.2. Challenges

11.2.1. High cost

11.2.2. Lack of awareness

12. Impact of COVID-19 on Global Vegan Egg Market

12.1. Impact Assessment Model

12.1.1. Key Segments Impacted

12.1.2. Key Regions Impacted

12.1.3. Key Countries Impacted

12.1.4. Key Distribution Channel Impacted

13. Market Trends & Developments

13.1. Growing awareness of chronic diseases

13.2. Changing consumer preferences

13.3. Raising awareness about environmental sustainability

13.4. Storage factors of vegan egg

13.5. Rising online channel

14. Porter’s Five Forces Model

14.1. Competitive Rivalry

14.2. Bargaining Power of Buyers

14.3. Bargaining Power of Suppliers

14.4. Threat of New Entrants

14.5. Threat of Substitutes

15. Competitive Landscape

15.1. Company Profiles

15.1.1. Eat Just, Inc.

15.1.1.1. Company Details

15.1.1.2. Products & Services

15.1.1.3. Financial (As per availability)

15.1.1.4. Key Market Focus & Geographical Presence

15.1.1.5. Recent Development

15.1.1.6. Key Management Personnel

15.1.2. Evo Foodtech Private Limited

15.1.2.1. Company Details

15.1.2.2. Products & Services

15.1.2.3. Financial (As per availability)

15.1.2.4. Key Market Focus & Geographical Presence

15.1.2.5. Recent Development

15.1.2.6. Key Management Personnel

15.1.3. Crafty Counter

15.1.3.1. Company Details

15.1.3.2. Products & Services

15.1.3.3. Financial (As per availability)

15.1.3.4. Key Market Focus & Geographical Presence

15.1.3.5. Recent Development

15.1.3.6. Key Management Personnel

15.1.4. Roma Food Products (Orgran)

15.1.4.1. Company Details

15.1.4.2. Products & Services

15.1.4.3. Financial (As per availability)

15.1.4.4. Key Market Focus & Geographical Presence

15.1.4.5. Recent Development

15.1.4.6. Key Management Personnel

15.1.5. Atlantic Natural Foods U.S. (neat)

15.1.5.1. Company Details

15.1.5.2. Products & Services

15.1.5.3. Financial (As per availability)

15.1.5.4. Key Market Focus & Geographical Presence

15.1.5.5. Recent Development

15.1.5.6. Key Management Personnel

15.1.6. The Vegg New York, LLC

15.1.6.1. Company Details

15.1.6.2. Products & Services

15.1.6.3. Financial (As per availability)

15.1.6.4. Key Market Focus & Geographical Presence

15.1.6.5. Recent Development

15.1.6.6. Key Management Personnel

15.1.7. Terra Vegane Europe GmbH

15.1.7.1. Company Details

15.1.7.2. Products & Services

15.1.7.3. Financial (As per availability)

15.1.7.4. Key Market Focus & Geographical Presence

15.1.7.5. Recent Development

15.1.7.6. Key Management Personnel

15.1.8. Mantiqueira Alimentos Ltda

15.1.8.1. Company Details

15.1.8.2. Products & Services

15.1.8.3. Financial (As per availability)

15.1.8.4. Key Market Focus & Geographical Presence

15.1.8.5. Recent Development

15.1.8.6. Key Management Personnel

15.1.9. ZERO EGG FOOD INC.

15.1.9.1. Company Details

15.1.9.2. Products & Services

15.1.9.3. Financial (As per availability)

15.1.9.4. Key Market Focus & Geographical Presence

15.1.9.5. Recent Development

15.1.9.6. Key Management Personnel

15.1.10. Wholesome Savour Pte Ltd

15.1.10.1. Company Details

15.1.10.2. Products & Services

15.1.10.3. Financial (As per availability)

15.1.10.4. Key Market Focus & Geographical Presence

15.1.10.5. Recent Development

15.1.10.6. Key Management Personnel

16. Strategic Recommendations/Action Plan

16.1. Key Focus Areas

16.2. Target Regions & Countries

16.3. Target Form

16.4. Target Distribution Channel

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Are vegan eggs healthier than real eggs?

In many ways, vegan eggs are healthier than chicken-derived eggs. For example, they are cholesterol-free. Cholesterol, which is found in conventional eggs in high amounts, can increase the risk of cardiovascular disease.

Who Are the Key Players Operating In The Vegan Egg Market?

Eat Just, Inc., Evo Foodtech Private Limited, Crafty Counter, Roma Food Products (Orgran), Atlantic Natural Foods U.S. (neat), The Vegg New York, LLC, Terra Vegane Europe GmbH, Mantiqueira Alimentos Ltda, ZERO EGG FOOD INC., Wholesome Savour Pte Ltd, are some of the major players operating in the industry.

Are vegan eggs actually vegan?

Vegan eggs are a mixture of components, meant to resemble either the texture, flavour, or binding properties of chicken eggs. Modern alternatives include mung beans, black salt, soy milk, and many more ingredients.

What is the difference between vegan eggs and regular eggs?

Vegan eggs, also known as plant-based eggs, are egg substitutes made from plant-based ingredients rather than animal-derived ingredients. Vegan eggs are made by combining various plant-based ingredients in a formulation that is meant to mimic the appearance, taste, and/or binding abilities of poultry eggs.

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