Rapid Growth and Shifting Consumer Preferences Drive the Vegan Egg Market

The global vegan egg market enjoyed year-on-year (YoY) growth of 6.9% and accounted for US$ 1.5 Bn in 2021, and is expected to witness a high CAGR of 8.3% through 2031.

According to Fact.MR, a market research and competitive intelligence provider, sales of vegan eggs are expected to reach close to US$ 3.3 billion by 2031, growing at an 8.3% CAGR.

Disease spread caused by animal-based food consumption significantly supports the vegan egg industry. Salmonella germs, for example, can be carried by chickens and transmitted to eggs before the shells have formed. Salmonella causes an estimated 1 million cases of food-borne illness in the United States each year. The development of antibiotic-resistant salmonella bacteria has also been linked to antibiotic treatment of egg-laying hens.

Although liquid egg products are typically pasteurised to kill pathogens before being marketed, they still pose a risk due to their high potential for bacterial contamination and a moisture and nutrition profile that promotes bacterial growth. As a result, consumers seeking food safety and good health prefer vegan eggs.

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Vegan Egg Market Segmentation

By Region

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

By End Use  

• Vegan Eggs for Food Processing Industry
  • Bakery & Confectionery
  • Creamy Sauces
  • Ice-cream and Frozen Desserts
  • Mayonnaise
  • Noodles & Pasta
  • Salad Dressings
  • Others
• Vegan Eggs for Food Service Providers
• Vegan Eggs for Retails/Household

• • Convenience Stores
  • Discount Stores
  • Grocery Stores
  • Modern Trade
  • Online Retail
  • Specialty Food/Sports Store
  • Wholesalers
  • Other Sales Channels

Essential Takeaways from the Vegan Egg Market Report

• Comparison of prominent players operating in the Vegan Egg Market.
• Recent developments and key strategies adopted by market players.
• Study of the micro and macro-economic growth indicators.
• Impact of the various factors on the value chain of the Vegan Egg Market.
• Growth opportunities for emerging market players in various regional markets.
• Current trends influencing the scenario of the Vegan Egg Market.

Key Takeaways from Market Study

• The U.S. is estimated to account for more than 85.4% of the North American market in 2021, supported by increased demand for processed food.
• According to Fact.MR analysis, China is estimated to account for more than 43% of the East Asian market share in 2021, on the back of increased online retailing of vegan eggs.
• Germany is one of the prominent countries in the European market with a share of 19.5% in 2021, mainly due to increased demand for convenient food and packaged food products.
• Powder vegan eggs are estimated to account for 48.9% market share in 2021 on the back of their wide range of application.

Top Vegan Egg Companies

According to a survey by The Plant-Based Foods Association, vegan egg consumption in the United States increased 168% in 2020. Despite the rising business, there are still a few players, as they try to develop vegan eggs that can thicken, leaven, bind, and aerate just like chicken eggs, while preserving a similar taste and texture.

• For instance, Eat Just is the market leader in the United States, having recently announced that it had sold the equivalent of 100 million eggs. Eat Just sells pre-cooked patties, bottled scramble, and sous vide egg bites that are nearly comparable to chicken eggs in terms of protein and calories.

Mumbai-based EVO foods, U.K.-based CRACKD, and Israeli Zero Egg are among the other emerging worldwide companies. All are predominantly liquid egg producers, with nutritional characteristics and foundation components ranging from pea protein to chickpeas.

• The first vegan hard-boiled egg, made of fungus mycoprotein, a key ingredient of plant-based meat, Quorn, was just released by Singaporean OsomeFood.

Vegan egg manufacturing is one of the last frontiers in plant-based cuisine, with fake eggs threatening to destabilise the chicken egg market over the coming years.

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