The global vegan egg market size is expected to reach a market valuation of US$ 1,973 million in 2023, accelerating at a CAGR of 6% from 2023 to 2033. By 2033, the market is expected to generate market value of US$ 3,494.7 million. Vegan egg sales currently account for more than 2.9% of the global egg market in terms of value.

Global vegan egg market poised for a 6% CAGR, reaching $1,973 million by 2023. Rising awareness fuels the popularity of plant-based alternatives like eggs, meat, and milk, offering similar taste and nutrients, catering to vegetarians and vegans for a healthy, nutrient-rich diet.

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The increasing awareness of vegetarian and plant-based diets among consumers is driving the industry. Meat, eggs, and plant-based milk are a few examples of distinctive products that are in high demand. These meals have taste profiles that are identical to those of their counterparts that are taken from animals, and they are rich in flavour and essential nutrients. Vegans and vegetarians can just eat the plant-based alternatives. Including vegan eggs in the diet ensures a high nutrient intake and a healthy lifestyle.

Because of the dire circumstances involving animals and the environment, more and more people are going vegan. Through social standing and upbringing, the cattle that is subsequently consumed by non-vegetarians contributes to the greenhouse effect. Eventually, the greenhouse gases released by livestock agriculture, such as cow farming, cause the global temperature to rise. Animal farming is becoming more and more violent due to the increased demand for animal flesh. As a result, an increase in vegan food consumption lowers the usage of animal agriculture, which lowers greenhouse gas emissions.

Over the forecast period, the market is expected to be positively influenced by technological advances. Yielding effective production, upscale packaging, and design, extending product offerings, sales monitoring, and effective operational maintenance.

Top Highlights from the FMI’s Analysis of the Vegan Egg Industry: 

The United States vegan egg industry acquired 34.5% of the global market in 2022.In Europe, Germany and the United Kingdom have surfaced as the key markets. Germany took hold of 16.5% market share in 2022. The United Kingdom is projected to speed up and register a CAGR of 5.6% over the forecast period.In Asia, China and India are the key vegan egg markets. China is projected to expand at a CAGR of 7.8%. India is forecast to register CAGR of 6.7% in the forecast period.Japan gained 1.4% of the entire market share in 2022.By product type, powder grabbed the maximum market share of 39% in 2022.Based on nature, the organic segment acquired a 22% market share in 2022.Under the end-user category, bakery products gained a 24% market share in 2022.

Key Players in the Vegan Egg Market

EVO FoodsMantiqueira (N.Ovo)JUST Inc.Orgran FoodsTerra VeganeFree and EasyFollow Your HeartThe VeggVezlay Foods Private LimitedNow Foods

Market Update: Recent Key Innovations

Nestlé, in October 2021, extended its reach with its portfolio of plant-based food and introduced plant-based substitutes to shrimp and eggs. These alternatives offer people a delectable and wholesome option that is ethically and sustainably produced. The plant-based eggs and shrimps were launched under the Garden Gourmet vEGGie brand. The brand supports vegan, soy protein, and omega-3 fatty acids, and was also acknowledged with Nutri-Score A in Europe.Eat Just, which is a California-situated plant-based product developer, in April 2022, got consent from European Commission to introduce its product offering in Europe. The company aims to extend its footprints in the region and provide scramble, folded, and sous egg bites.Evo Foods united with Ginkgo Bioworks to debut animal-free egg products in May 2022. Owing to this alliance, the firms aim to introduce animal protein substitutes that complement consumer tastes. In recent years, consumers are influenced by the surging demand for animal-free food substitutes.

Key Segments

By Product Type:

PowderLiquid

By Nature:

OrganicConventional

By End-use Application:

Food Processing IndustryBakery & ConfectioneryCreamy SaucesIce cream & Frozen DessertsMayonnaiseNoodles & PastaSalad DressingsOthersFood Service ProvidersRetail/HouseholdConvenience StoresDiscount StoresModern TradeGrocery StoresOnline RetailSpecialty StoresWholesalersOther Sales Channel

By Region:

North AmericaLatin AmericaEuropeEast AsiaSouth AsiaOceaniaThe Middle East and Africa