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.
Sales of vegan eggs will represent approximately 2%-5% of overall demand in the global plant-based food market.
Vegan egg replacers’ widespread use in two key end-use industries – food and baking and as plant-based food options – are becoming closer substitutes to their traditional counterparts over time, particularly in the realm of vegan egg substitutes.
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Key Segments Covered in Vegan Egg Industry Survey
By Product Type
- Liquid Vegan Egg
- Powder Vegan Egg
- Organic Vegan Eggs
- Conventional Vegan Eggs
By End-use Application
- Vegan Eggs for Food Processing Industry
- Bakery & Confectionery
- Creamy Sauces
- Ice-cream and Frozen Desserts
- Noodles & Pasta
- Salad Dressings
- 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
- Other Sales Channels
- Vegan Eggs for Food Processing Industry
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Why are Powdered Vegan Eggs Gaining Traction in the Global Market?
According to Fact.MR, powdered vegan eggs are anticipated to witness a lucrative growth rate of CAGR 7.4% over the forecast period, owing to the rising vegan trend and increased convenience.
Vegan powdered eggs are convenient for preparing practically any egg-containing recipe, such as scrambled eggs and casseroles, because they can be kept for lengthy periods while retaining the same nutrients as fresh eggs. Liquid eggs are generally more expensive than powdered eggs.
Are Conventional Vegan Eggs Still Dominating Global Consumption?
In 2021, conventional vegan eggs accounted for approximately 88.9% of the global market, while demand for organic is expected to rise at a CAGR of 13.3% over the forecast period.
Increased demand for organic products from both, developed and developing nations, is boosting growth of the global market. Organic food was in high demand during the COVID 19 pandemic, as people thought it to be healthier and better for immunity.
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 Osome Food.
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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