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Vegan Egg Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Form (Powder, Liquid, Egg Shaped), By Sources (Mung Beans, Soya Extracts, Legumes, Peas, and Others), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online, and Others (Direct Sales, Distributors Sales, etc.)), By Region, Competition
Market Report I 2023-09-05 I 170 Pages I TechSci Research
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.
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.
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:
o Powder
o Liquid
o Egg Shaped
- Vegan Egg Market, By Sources:
o Mung Beans
o Soya Extracts
o Legumes
o Peas
o Others
- Vegan Egg Market, By Distribution Channel:
o Hypermarkets & Supermarkets
o Convenience Stores
o Specialty Stores
o Online
o Others
- Vegan Egg Market, By Region:
o North America
- United States
- Canada
- Mexico
o Europe
- United Kingdom
- Germany
- France
- Spain
- Italy
o Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
o South America
- Brazil
- Argentina
- Colombia
o Middle East & Africa
- Saudi Arabia
- UAE
- 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).
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 Market Share Analysis (Mung Beans, Soya Extracts, Legumes, Peas, and Others)
5.2.3. By Distribution Channel Market 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 Top 5 Companies Market Share Analysis, Others (2022)
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. South Africa 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
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. Porters 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 Form
16.3. Target Distribution Channel
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