Vegan Eggs Market Report

Market Overview:

The global vegan eggs market size reached US$ 254.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 525.4 Million by 2032, exhibiting a growth rate (CAGR) of 8.4% during 2024-2032. The increasing concerns about animal welfare and the environmental impact of the traditional egg industry, the growing awareness of the health benefits of plant-based diets, and the easy availability of various plant-based products, including vegan eggs, represent some key factors driving the market.

Vegan eggs are plant-based alternatives to traditional eggs, providing a similar nutritional profile and cooking properties. These products are typically made from a blend of plant proteins, starches, and other ingredients that mimic traditional eggs' texture, taste, and appearance. Some common ingredients used in vegan eggs include mung bean protein, chickpea flour, and nutritional yeast. Vegan eggs are a popular choice for those following a plant-based diet. They provide a good source of protein, vitamins, and minerals without additional cholesterol and saturated fat. They are also suitable for those with egg allergies or intolerances. Vegan eggs can be used in various dishes, such as omelets, scrambles, quiches, and baked goods. They can also be used as a binder in recipes, such as veggie burgers, meatloaf, and casseroles. In addition to being versatile in the kitchen, vegan eggs are often considered to be a more sustainable and ethical alternative to traditional eggs as they do not contribute to the environmental impact of animal agriculture.

Vegan Eggs Market Trends:

As the population increases worldwide, the demand for plant-based foods is rising. The growth of the market is significantly attributed to the high consumption and growing awareness regarding plant-based eggs. The augmenting trend of veganism and vegetarianism is one of the key drivers of the market. Furthermore, the escalating demand for allergen-free and gluten-free products is positively influencing the market. The growing concerns about climate change and its environmental impact is furthering the market growth since the process of grazing and rearing animals requires a significant amount of land and resources when compared to plant cultivation, leading to deforestation and further aggravating the environmental impact. Consequently, there is a rising demand for plant-based foods as consumers become increasingly aware of the negative effects of animal-based food production on the environment. This shift toward plant-based foods is expected to continue to drive the market for vegan alternatives, including vegan eggs, which provide a sustainable and ethical source of protein. Apart from this, new product launches, and approvals from the safety authorities are catalyzing the market. The increasing concern about food safety and the risks of foodborne illness associated with traditional eggs are propelling the product demand. Moreover, the rising interest in plant-based protein sources, as more consumers prioritize their health and fitness goals, is favoring the market. In addition, the expansion of the bakery and confectionery industries, where vegan eggs are used in a range of product,s such as cakes, cookies, and meringues, is expected to provide a boost to the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global vegan eggs market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on form and distribution channel.

Form Insights:

• Powder
• Liquid
• Egg-shaped
   

The report has provided a detailed breakup and analysis of the vegan eggs market based on the form. This includes powder, liquid, and egg-shaped.

Distribution Channel Insights:

• Online
• Offline
   

A detailed breakup and analysis of the vegan eggs market based on the distribution channel has also been provided in the report. This includes online and offline. Among these, offline accounted for the largest market share. 

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for vegan eggs. Some of the factors driving the North America vegan eggs market included the inflating disposable income levels, the rising adoption of veganism, growing awareness of the health benefits of plant-based diets, etc. 

Competitive Landscape: 

The report has also provided a comprehensive analysis of the competitive landscape in the global vegan eggs market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Atlantic Natural Foods LLC, Eat Just Inc., EVO Foods, Orgran (Roma Food Products), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report. 

Vegan Eggs Market Report Scope:

Key Questions Answered in This Report: 

• How has the global vegan eggs market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global vegan eggs market?
• What is the impact of each driver, restraint, and opportunity on the global vegan eggs market?
• What are the key regional markets?
• Which countries represent the most attractive vegan eggs market?
• What is the breakup of the market based on the form?
• Which is the most attractive form in the vegan eggs market?
• What is the breakup of the market based on the distribution channel?
• Which is the most attractive distribution channel in the vegan eggs market?
• What is the competitive structure of the global vegan eggs market?
• Who are the key players/companies in the global vegan eggs market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the vegan eggs market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global vegan eggs market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the vegan eggs industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.