Vegan Egg Market

Vegan Egg Market Outlook (2023 to 2033)

The valuation of the global vegan egg market is estimated at US$ 1.77 billion in 2023. According to this latest Fact.MR industry analysis, worldwide sales of vegan eggs are projected to increase rapidly at a CAGR of 8.3% and reach US$ 3.94 billion by the end of 2033.

Vegan eggs, also known as plant-based eggs, are an innovative and cruelty-free alternative to traditional eggs derived from animals. As more people are embracing a vegan or vegetarian lifestyle, the demand for ethical and sustainable food options is increasing, leading to the development of various plant-based alternatives, including vegan eggs.

Vegan eggs are typically created using a combination of plant-based ingredients and food science techniques to mimic the taste, texture, and functionality of real eggs. While the specific composition may vary between brands, common ingredients used in vegan eggs include legumes or grain flours such as chickpea flour along with binding agents such as tapioca starch or agar agar.

Global popularity of plant-based diets is increasing due to the perception that they offer a healthier lifestyle. Simultaneously, growing empathy toward animals has led many individuals to abstain from consuming poultry eggs. As a result, the vegan egg market is experiencing significant growth and benefiting from these shifting consumer preferences. Liquid and powdered are two forms of vegan eggs.

• Global demand for powdered vegan eggs is forecasted to increase at a CAGR of 7.4% through 2033.

Powdered vegan eggs can be easily stored for extended periods without refrigeration, making them a practical option for those who want a plant-based alternative to traditional eggs that are readily available whenever needed. Powdered vegan eggs can be used in various recipes, including baking, cooking, and preparing breakfast dishes such as scrambled eggs. Their versatility makes them appealing to individuals who are looking for a substitute that can mimic the functionality of traditional eggs in a wide range of culinary applications.

Demand for powdered vegan eggs also stems from individuals following vegan, vegetarian, or flexitarian diets. These individuals choose to eliminate or reduce their consumption of animal products for ethical, health, and environmental reasons and look for suitable alternatives to be incorporated into their diets.

• In February 2020, Noblegen introduced a vegan whole egg powder, making it available directly to consumers through its new food and ingredient brand website called Eunite™. This innovative product is crafted using euglena flour and offers a versatile ingredient that can be utilized in a wide range of recipes, including sandwiches, pancakes, and quiches.
• On World Egg Day in October 2020, Zero Egg introduced its plant-based egg powder in the United States market. This innovative product is a carefully crafted blend of potato, soy, pea, and chickpea proteins, offering a nutritious alternative to traditional eggs. Notably, the plant-based egg powder from Zero Egg contains zero cholesterol, while being low in fat and calories, providing health-conscious consumers with a guilt-free option for their culinary creations.

Report Attributes	Details
Vegan Egg Market Size (2023E)	US$ 1.77 Billion
Forecasted Market Value (2033F)	US$ 3.94 Billion
Global Market Growth Rate (2023 to 2033)	8.3% CAGR
United Kingdom Market Growth Rate (2023 to 2033)	7.8% CAGR
United States Market Growth Rate (2023 to 2033)	9.2% CAGR
China Market Value (2033F)	US$ 791.25 Million
Japan Market Value (2033F)	US$ 129.90 Million
South Korea Market Growth Rate (2023 to 2033)	6% CAGR
Key Companies Profiled	EVO Foods Mantiqueira (N.Ovo) JUST Inc. Orgran Foods Terra Vegane Free and Easy Follow Your Heart The Vegg Vezlay Foods Private Limited Now Foods

What is Propelling the Growth of the Vegan Egg Market?

“Vegan Eggs Promoting Safer Diet and Eliminating Health Hazards”

In response to mounting concerns over food safety and ethics, consumers in European countries such as France, Germany, and Italy are increasingly turning to plant-based food substitutes, including vegan eggs. One significant factor driving the s is the rising prevalence of zoonotic diseases associated with poultry and eggs, including erysipelas, salmonellosis, avian tuberculosis, and various flu strains. These diseases have raised alarm among consumers, which negatively affects the consumption of traditional poultry eggs.

In recent years, public awareness of numerous foodborne illnesses transmissible through egg consumption has grown, leading to increasing concerns among consumers. The egg industry has faced several safety scandals such as the fipronil contamination in eggs in Europe (2017) and salmonella outbreaks in poultry in the United States (2015) and the United Kingdom (2018).

Use of antibiotics and hormones in the production of poultry to promote their rapid growth and health cause serious health hazards in humans on consumption. The development of allergic reactions and the spread of bacteria resistant to antibiotics are some of the consequences found in consumers.

One of the most prevalent food allergies, particularly in young children with some cases lasting into adulthood, is egg allergies. Managing an egg allergy necessitates a diet devoid of eggs. These concerns surrounding health, safety, and environmental issues related to egg consumption have heightened consumer apprehension, paving the way for alternative products such as vegan eggs.

Overall, the rise of food safety concerns, ethical considerations, and the increasing prevalence of allergies and intolerances are fueling consumer demand for vegan eggs as a safer and more sustainable alternative to poultry eggs.

“Easy to Cook & Higher Nutritional Value Adding to Popularity of Liquid & Frozen Eggs”

Liquid vegan egg products have gained widespread popularity in the food industry due to their numerous health benefits and nutritional qualities. This has created lucrative business opportunities for firms involved in the production and distribution of liquid eggs. These products have proven to be valuable components for dietary supplements aimed at boosting protein and vitamin levels in the body. Nutraceutical companies are offering a variety of items derived from vegan eggs, such as egg protein supplements and egg white protein powder, catering to the growing demand for these health-oriented products.

In addition to their nutritional value, consuming egg white is believed to enhance nutrient absorption and provide protection against certain bacteria. Recognizing these health benefits, the nutraceutical industry strongly advocates the use of liquid eggs, thereby expanding the market potential for liquid egg producers.

While liquid egg products require refrigeration to maintain their freshness, frozen egg products are also gaining significant traction, particularly in the catering sector. Private cafeterias in schools, hospitals, and commercial establishments have embraced the convenience of frozen egg products, which can effectively replace daily meals.

This shift can be attributed to the increasing preference of consumers for foods that require minimal preparation time and can be quickly served. As a result, the demand for fresh egg items in institutional food services has been limited, while the demand for frozen egg products, especially frozen egg whites, has experienced substantial growth, particularly among working professionals.

Which Factors are Restraining the Sales Growth of Vegan Eggs in Some Regions?

“High Production Cost and Availability Issues in Some Regions”

Vegan eggs, especially those made from high-quality ingredients, are more expensive than traditional eggs. The higher cost discourages price-sensitive consumers from purchasing vegan alternatives. Compared to poultry eggs, vegan eggs have limited availability in certain regions or establishments. This lack of accessibility is expected to hinder sales as consumers are not able to easily find or purchase vegan egg products.

“Lack of Familiarity and Misconceptions about Vegan Eggs”

Traditional eggs have a long-standing presence in culinary traditions and recipes. Some consumers may be hesitant to switch to vegan eggs due to a lack of familiarity or uncertainty about how to incorporate them into their cooking and baking routines. There are misconceptions or negative perceptions surrounding vegan eggs such as doubts about their nutritional value or concerns about the processing methods used to create them. These perceptions create resistance among consumers, thus impacting vegan egg sales.

How are Start-ups Establishing Themselves in the Market for Vegan Eggs?

“New Manufacturers Focusing on Continuous Product Innovations & Developments Creating Opportunities”

The vegan egg industry has expanded beyond niche health food stores and is increasingly entering mainstream retail channels. This expansion provides newcomers with opportunities to reach a wider consumer base and establish their presence in the market.

There has been a significant rise in consumer demand for vegan and plant-based alternatives. This shift is driven by various factors, including health concerns, ethical considerations, environmental awareness, and dietary restrictions. The growing demand indicates a receptive market for newcomers in the vegan egg business. Start-ups are focusing on innovations and product developments to meet various demands related to taste, texture, and more.

• Founded in 2017, Crackd is a start-up based in the United Kingdom that has developed a liquid egg substitute made from pea protein. Their product is designed to replicate the taste, texture, and functionality of traditional eggs in various culinary applications.
• Zero Egg is a start-up established in 2018 that offers a plant-based egg replacement designed for commercial use. Its liquid egg alternative, made from a blend of plant proteins, is targeted toward food service establishments and food manufacturers.

Country-wise Analysis

Why is the United States Moving toward Supremacy in Plant-based Foods?

“Veganism Trend Uplifting Vegan Egg Producer’s Revenue Graph”

The United States is witnessing a substantial surge in demand for vegan eggs, which is projected to reach US$ 1.58 billion by 2033. As egg consumers are becoming more health-conscious and environmentally aware, they are actively seeking plant-based alternatives to poultry eggs.

Growing popularity of veganism and concerns over animal welfare are driving factors behind the rising demand for vegan eggs. Moreover, the United States market is receptive to innovation, making it an ideal landscape for suppliers of vegan egg products.

Why is Demand for Vegan Eggs Increasing in the United Kingdom?

“Number of Health-conscious Individuals Increase Who Prefer Vegan Foods”

In the United Kingdom, demand for vegan eggs is forecasted to increase at a CAGR of 7.8% from 2023 to 2033. The vegan egg demand is increasing swiftly as fitness-conscious consumers are seeking sustainable and ethical food options. As the plant-based movement is gaining momentum, vegan eggs are becoming increasingly popular among flexitarians, vegetarians, and vegans.

The United Kingdom's evolving culinary landscape and the strong presence of vegetarian and vegan food sectors contribute to the growing demand for plant-based eggs.

Why is Japan a Profitable Marketplace for Vegan Egg Providers?

“Vegan Eggs Gaining Popularity in Japanese Cuisine”

The Japanese market for vegan eggs stands at US$ 78 million in 2023. Japan, known for its rich culinary heritage, is also witnessing a notable increase in the demand for vegan eggs. While traditional cuisine heavily relies on eggs, shifting dietary preferences, health concerns, and growing awareness about animal welfare are reshaping the market.

Japanese consumers are increasingly embracing plant-based alternatives, including vegan eggs, to satisfy their dietary needs while exploring innovative and sustainable options.

Category-wise Analysis

Which End-use Industry Accounts for High Consumption of Vegan Eggs?

“Ever-increasing Use of Vegan Eggs in Food Processing Industry”

Vegan eggs are experiencing a significant increase in demand from the food processing industry. As more people are embracing vegan and vegetarian diets or choosing to reduce their consumption of animal products, the demand for plant-based alternatives has grown. This trend has been driven by various factors, including ethical considerations, environmental concerns, and health consciousness.

Mayonnaise has achieved global popularity as a beloved condiment, renowned for its creamy texture and distinctive flavor. In recent times, egg-free mayonnaise has gained significant momentum as a healthier alternative for veg consumers. It not only caters to the needs of vegan consumers but also offers a more cost-effective option. Moreover, the use of vegan eggs has become prevalent in various food preparations, including salads, vegan products, desserts, and more.

Competitive Landscape

Rapidly growing trend of veganism is generating potential growth opportunities for key players in the market. Several leading companies are continuously focusing on innovations and developments, monitoring the demands of consumers. To increase their market share and position, they are adopting several organic and inorganic marketing tactics.

• In January 2023, Shukran Foods, a food company based in Spain, launched an entirely vegan alternative to eggs specifically designed for the hospitality and food service sector. According to the company's announcement, this egg substitute addresses key challenges faced by the plant-based egg industry such as achieving exceptional taste, versatile application, reduced environmental impact, and a favorable nutritional profile. The product's primary ingredient is chickpeas, a superfood known for its high protein content and abundance of amino acids.
• METRO Germany unveiled a novel vegan egg alternative called 'NoPokPok' in February 2023. This innovative product offers a plant-based version of the classic egg roll.

Key Segments of Vegan Egg Industry Research

• By Product Type :

  • Liquid Vegan Eggs
  • Powder Vegan Eggs

• By Nature :

  • Organic
  • Conventional

• By End-use Application :

  • Food Processing Industry
  • Food Service Providers
  • Retail/Household

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA