Global Plant-Based Egg Market Size, Trends, and Growth Opportunity By Type (Full Egg, White Egg, and Egg Yolk), Form (Powder, Liquid, and Others), Base Ingredient (Algal Flour, Wheat Flour, Soy Flour, Chia Seeds, Garbanzo Beans, Starch, Mung Beans, Pea, and Others), Function (Partial Egg Replacement, Full Egg Replacement, Egg Wash Substitute, and Others), Application (Breakfast, Bakery, Desserts, Convenience Foods, Others), Category (Conventional, Organic), Nature (GMO, and Non-GMO), Packaging type (bottles, pouches, tetra packs, and others), Distribution Channel (Store-Based Retailer and Non-Store-Based Retailer (Online)), End Use (Food Processing Industry, Food Service Providers, Retail/Household), by Region, and Forecast till 2027
Global plant-based egg market
The global plant-based egg market was valued at USD 127.936 million in 2021 and is slated to reach USD 791.356 million by 2027, at a CAGR of 26.7% from 2022 to 2027.
Plant-based eggs are an alternative to traditional eggs. They are not derived from hens but from raw plant materials such as algae, legumes, cereals, and others. Plant-based eggs perform similarly to traditional eggs. They are used in place of traditional egg breakfast dishes such as omelettes and scrambled eggs, among others. They can also be used to make homemade baked goods like muffins and cakes. They aid in a variety of processes, such as stabilisation, gelation, and emulsification.
Market Drivers
Novel products that promote growth include plant-based eggs, milk, and meat. These products are high in essential nutrients and taste identical to animal-derived products. Vegetarians can easily consume plant-based egg proteins, which helps them maintain a healthy lifestyle and obtain the desired nutritional values. Veganism is becoming more popular around the world as people become more concerned about the environment and animals. Pigs, hens, cows, and goats contribute to the greenhouse effect on farms through their rearing and social standing. Greenhouse gases are emitted by livestock agriculture, such as cow farming, to prevent atmospheric heat from escaping and raising the overall temperature.
The increased demand for animal meat necessitates the practise of animal farming in excess. As a result, an increase in vegan food consumers reduces the demand for excessive animal farming, lowering greenhouse gas emissions in the environment. Demand from millennials and emerging markets is expected to drive revenue growth in the plant-based egg market at a healthy CAGR. Technological advancements that enable effective production, an expanding product portfolio, upscale design and packaging, efficient operational maintenance, and sales monitoring are key growth drivers in the plant-based egg market.
Market Restraints
They are usually more expensive than traditional eggs, so consumers who cannot afford them may be unable to purchase plant-based eggs. Plant-based eggs are also not widely and easily available in many places. This will be a significant barrier to the growth of the plant-based egg market.
Impact of COVID-19
The COVID-19 pandemic increased global demand for plant-based eggs. COVID-19 is an animal-generated virus that spreads among humans because of eating unhealthy and unsanitary animal meat. The virus's severe impact and widespread outbreak prompted consumers to switch to alternative animal meat and dairy product consumption while maintaining the required nutritional level. As a result, demand for plant-based products increased, supporting the market for plant-based eggs. Furthermore, the rise in veganism during the pandemic, owing to increased consumer awareness of health and the environment, increased demand for plant-based eggs. During the lockdown, the Plant-Based Food Association in the European region saw a 246% increase in plant-based meat and dairy consumption as more people adopted a vegan diet. Similar trends have been observed in other regions.
Recent Developments
Nestlé will launch plant-based egg and shrimp substitutes, as well as expand its plant-based food line, in 2021. Thanks to plant-based eggs, people now have a delicious, healthy option that is ethically and sustainably produced. Plant-based products containing omega-3 fatty acids and soy protein were released in Europe under the Garden Gourmet veggie brand and received a Nutri-Score.
Evo Foods and Ginkgo Bio Works will collaborate in 2022 to market egg products without the use of animals. With this collaboration, the companies hope to introduce vegan protein options that complement consumer tastes in response to the growing consumer demand for vegan food options.
Market Segmentation
The global plant-based egg market is segmented into By type, form, base ingredient, function, application, category, nature, packaging type, distribution channel, and end use. By type, such as full egg, white egg, and egg yolk. By form, such as powder, liquid, and others. By base ingredients such as algal flour, wheat flour, soy flour, chia seeds, garbanzo beans, starch, mung beans, peas, and others. By function, such as partial egg replacement, full egg replacement, egg wash substitute, and others. By application, such as breakfast, bakery, desserts, convenience foods, etc. By category, such as conventional or organic. By nature, such as GMO and non-GMO. By packaging type, such as bottles, pouches, tetra packs, and others. By distribution channel, such as store-based retailers and non-store-based retailers (online). By end use, such as the food processing industry, food service providers, and retail/household.
Regional Analysis
The global plant-based egg market is segmented into five regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa. North America has been found to be the market leader for plant-based foods. The success of the plant-based food industry in North America can be attributed to a variety of factors, including the region's high awareness of the value of protein-rich diets, rising consumer health consciousness, a well-established food industry, greater adoption of technological advancements, and significant investments in the plant-based sector. During the forecast period, Asia-Pacific will have the highest growth rate. This can be attributed to factors such as increased adoption of cutting-edge technologies for product innovation, collaborations between domestic and foreign food companies, increased government R&D expenditures in the food industry, the presence of numerous significant market participants, and the rise in vegan dining options.
Key Players
This report includes a list of numerous key players, namely plantmade.in (India), Vezlay Foods Pvt. Ltd. (India), Plamil Foods Ltd. (U.K.), Peggs (U.S.), Osome Pte. Ltd. (Singapore), Eat Just, Inc. (U.S.), Simply Eggless, Inc. (U.S.), Glanbia plc, Bob’s Red Mill Natural Foods, Inc., and EVO Foods.
Market Taxonomy
By Type
• Full Egg
• White Egg
• Egg Yolk
By Forms
• Powder
• Liquid
• Others
By Source
• Algal Flour
• Wheat Flour
• Soy Flour
• Chia Seeds
• Garbanzo Beans
• Starch
• Mung Beans
• Pea
• Flaxseed
• Others
• Gelatine
• Yeast Extracts
• Others
By Function
• Partial Egg Replacement,
• Full Egg Replacement
• Egg Wash Substitute
• Others
• Thickening,
• Glazing
• Aeration
• Batter Viscosity
• Elasticity
• Stability
• Structure Retention,
• Glazing
By Application
• Breakfast
• Bakery
• Desserts
• Convenience Foods
• Others
• Sauces
• Savories
• Others
By Category
• Conventional
• Organic
By Nature
• GMO
• Non- GMO
By Packaging Type
• Bottles
• Pouches
• Tetra Packs
• Others
By Distribution Channel
• store-based Based Retailer
• Non-store-based Based Retailer (online)
By End Use
• food processing industry
• Bakery and confectionery
• Creamy sauces
• Ice creams and frozen deserts
• Mayonnaise
• Noodles and pasta
• Salad dressings
• Others
• Food service providers
• Retail/ Household
• Convenience stores
• Discount stores
• Modern trader
• Grocery stores
• Online retails
• Speciality stores
• Wholesalers
• Other sales channels
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Global Plant-Based Egg Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Plant-Based Egg Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Plant-Based Egg Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Plant-Based Egg Market Share Analysis, By Type
5.3 Global Plant-Based Egg Market Size and Forecast, By Type
5.3.1 Full Egg
5.3.2 White Egg
5.3.3 Egg Yolk
6 Global Plant-Based Egg Market, By Forms
6.1 Y-o-Y Growth Comparison, By Forms
6.2 Global Plant-Based Egg Market Share Analysis, By Forms
6.3 Global Plant-Based Egg Market Size and Forecast, By Forms
6.3.1 Powder
6.3.2 Liquid
6.3.3 Others
7 Global Plant-Based Egg Market, By Source
7.1 Y-o-Y Growth Comparison, By Source
7.2 Global Plant-Based Egg Market Share Analysis, By Source
7.3 Global Plant-Based Egg Market Size and Forecast, By Source
7.3.1 Algal Flour
7.3.2 Wheat Flour
7.3.3 Soy Flour
7.3.4 Chia Seeds
7.3.5 Garbanzo Beans
7.3.6 Starch
7.3.7 Mung Beans
7.3.8 Pea
7.3.9 Flaxseed
7.3.10 Others
7.3.11 Gelatine
7.3.12 Yeast Extracts
7.3.13 Others
8 Global Plant-Based Egg Market, By Function
8.1 Y-o-Y Growth Comparison, By Function
8.2 Global Plant-Based Egg Market Share Analysis, By Function
8.3 Global Plant-Based Egg Market Size and Forecast, By Function
8.3.1 Partial Egg Replacement,
8.3.2 Full Egg Replacement
8.3.3 Egg Wash Substitute
8.3.4 Others
8.3.5 Thickening,
8.3.6 Glazing
8.3.7 Aeration
8.3.8 Batter Viscosity
8.3.9 Elasticity
8.3.10 Stability
8.3.11 Structure Retention,
8.3.12 Glazing
9 Global Plant-Based Egg Market, By Application
9.1 Y-o-Y Growth Comparison, By Application
9.2 Global Plant-Based Egg Market Share Analysis, By Application
9.3 Global Plant-Based Egg Market Size and Forecast, By Application
9.3.1 Breakfast
9.3.1 Bakery
9.3.2 Desserts
9.3.3 Convenience Foods
9.3.4 Others
9.3.5 Sauces
9.3.6 Savories
9.3.7 Others
10 Global Plant-Based Egg Market, By Category
10.1 Y-o-Y Growth Comparison, By Category
10.2 Global Plant-Based Egg Market Share Analysis, By Category
10.3 Global Plant-Based Egg Market Size and Forecast, By Category
10.3.1 Conventional
10.3.2 Organic
11 Global Plant-Based Egg Market, By Distribution Channel
11.1 Y-o-Y Growth Comparison, By Distribution Channel
11.2 Global Plant-Based Egg Market Share Analysis, By Distribution Channel
11.3 Global Plant-Based Egg Market Size and Forecast, By Distribution Channel
11.3.1 Store Based Retailer
11.3.2 Non-Store Based Retailer (Online)
12 Global Plant-Based Egg Market, By Nature
12.1 Y-o-Y Growth Comparison, By Nature
12.2 Global Plant-Based Egg Market Share Analysis, By Nature
12.3 Global Plant-Based Egg Market Size and Forecast, By Nature
12.3.1 GMO
12.3.2 Non- GMO
13 Global Plant-Based Egg Market, By Packaging Type
13.1 Y-o-Y Growth Comparison, By Packaging Type
13.2 Global Plant-Based Egg Market Share Analysis, By Packaging Type
13.3 Global Plant-Based Egg Market Size and Forecast, By Packaging Type
13.3.1 Bottles
13.3.2 Pouches
13.3.4 Tetra Packs
13.3.5 Others
14 Global Plant-Based Egg Market, By End Use
14.1 Y-o-Y Growth Comparison, By End Use
14.2 Global Plant-Based Egg Market Share Analysis, By End Use
14.3 Global Plant-Based Egg Market Size and Forecast, By End Use
14.3.1 Food processing industry
14.3.2 Bakery & confectionery
14.3.3 Creamy sauces
14.3.4 Ice creams and frozen deserts
14.3.5 Mayonnaise
14.3.6 Noodles and pasta
14.3.7 Salad dressings
14.3.8 Others
14.3.9 Food service providers
14.3.10 Retail/ Household
14.3.11 Convenience stores
14.3.12 Discount stores
14.3.13 Modern trader
14.3.14 Grocery stores
14.3.15 Online retails
14.3.16 Speciality stores
14.3.17 Wholesalers
14.3.18 Other sales channel
15 Global Plant-Based Egg Market, By Region
15.1 Global Plant-Based Egg Market Share Analysis, By Region
15.2 Global Plant-Based Egg Market Share Analysis, By Region
15.3 Global Plant-Based Egg Market Size and Forecast, By Region
16 North America Plant-Based Egg Market Analysis and Forecast (2022-2027)
16.1 Introduction
16.2 North America Plant-Based Egg Market Share Analysis, By Type
16.3 North America Plant-Based Egg Market Share Analysis, By Forms
16.4 North America Plant-Based Egg Market Share Analysis, By Source
16.5 North America Plant-Based Egg Market Share Analysis, By Function
16.6 North America Plant-Based Egg Market Share Analysis, By Application
16.7 North America Plant-Based Egg Market Share Analysis, By Category
16.8 North America Plant-Based Egg Market Share Analysis, By Distribution Channel
16.9 North America Plant-Based Egg Market Share Analysis, By Nature
16.10 North America Plant-Based Egg Market Share Analysis, By Packaging Type
16.11 North America Plant-Based Egg Market Share Analysis, By End Use
16.12 North America Plant-Based Egg Market Size and Forecast, By Country
16.12.1 U.S.
16.12.2 Canada
16.12.3 Mexico
17Europe Plant-Based Egg Market Analysis and Forecast (2022-2027)
17.1 Introduction
17.2 Europe Plant-Based Egg Market Share Analysis, By Type
17.3 Europe Plant-Based Egg Market Size and Forecast, By Forms
17.4 Europe Plant-Based Egg Market Size and Forecast, By Source
17.5 Europe Plant-Based Egg Market Size and Forecast, By Function
17.6 Europe Plant-Based Egg Market Size and Forecast, By Application
17.7 Europe Plant-Based Egg Market Size and Forecast, By Category
17.8 Europe Plant-Based Egg Market Size and Forecast, By Distribution Channel
17.9 Europe Plant-Based Egg Market Size and Forecast, By Nature
17.10 Europe Plant-Based Egg Market Share Analysis, By Packaging Type
17.11 Europe Plant-Based Egg Market Share Analysis, By End Use
17.12 Europe Plant-Based Egg Market Size and Forecast, By Country
17.12.1 Germany
17.12.2 France
17.12.3 UK
17.12.4. Rest of Europe
18 Asia Pacific Plant-Based Egg Market Analysis and Forecast (2022-2027)
18.1 Introduction
18.2 Asia Pacific Plant-Based Egg Market Share Analysis, By Type
18.3 Asia Pacific Plant-Based Egg Market Size and Forecast, By Forms
18.4 Asia Pacific Plant-Based Egg Market Size and Forecast, By Source
18.5 Asia Pacific Plant-Based Egg Market Size and Forecast, By Function
18.6 Asia Pacific Plant-Based Egg Market Size and Forecast, By Application
18.7 Asia Pacific Plant-Based Egg Market Size and Forecast, By Category
18.8 Asia Pacific Plant-Based Egg Market Size and Forecast, By Distribution Channel
18.9 Asia Pacific Plant-Based Egg Market Size and Forecast, By Nature
18.10 Asia Pacific Plant-Based Egg Market Share Analysis, By Packaging Type
18.11 Asia Pacific Plant-Based Egg Market Share Analysis, By End Use
18.12 Asia Pacific Plant-Based Egg Market Size and Forecast, By Country
18.12.1 China
18.12.2 Japan
18.12.3 India
18.12.4. Rest of Asia Pacific
19 Latin America Plant-Based Egg Market Analysis and Forecast (2022-2027)
19.1 Introduction
19.2 Latin America Plant-Based Egg Market Share Analysis, By Type
19.3 Latin America Plant-Based Egg Market Share Analysis, By Forms
19.4 Latin America Plant-Based Egg Market Share Analysis, By Source
19.5 Latin America Plant-Based Egg Market Share Analysis, By Function
19.6 Latin America Plant-Based Egg Market Share Analysis, By Application
19.7 Latin America Plant-Based Egg Market Share Analysis, By Category
19.8 Latin America Plant-Based Egg Market Share Analysis, By Distribution Channel
19.9 Latin America Plant-Based Egg Market Share Analysis, By Nature
19.10 Latin America Plant-Based Egg Market Share Analysis, By Packaging Type
19.11 Latin America Plant-Based Egg Market Share Analysis, By End Use
19.12 Latin America Plant-Based Egg Market Size and Forecast, Country
19.12.1. Brazil
19.12.2.Rest of Latin America
20 Middle East Plant-Based Egg Market Analysis and Forecast (2022-2027)
20.1 Introduction
20.2 Middle East Plant-Based Egg Market Share Analysis, By Type
20.3 Middle East Plant-Based Egg Market Size and Forecast, By Forms
20.4 Middle East Plant-Based Egg Market Size and Forecast, By Source
20.5 Middle East Plant-Based Egg Market Size and Forecast, By Function
20.6 Middle East Plant-Based Egg Market Size and Forecast, By Application
20.7 Middle East Plant-Based Egg Market Size and Forecast, By Category
20.8 Middle East Plant-Based Egg Market Size and Forecast, By Distribution Channel
20.9 Middle East Plant-Based Egg Market Size and Forecast, By Nature
20.10 Middle East Plant-Based Egg Market Share Analysis, By Packaging Type
20.11 Middle East Plant-Based Egg Market Share Analysis, By End Use
20.12 Middle East Plant-Based Egg Market Size and Forecast, By Country
20.12.1. Saudi Arabia
20.12.2. UAE
20.12.3. Egypt
20.12.4. Kuwait
20.12.5. South Africa
21 Competitive Analysis
21.1 Competition Dashboard
21.2 Market share Analysis of Top Vendors
21.3 Key Development Strategies
22 Company Profiles
22.1 plantmade.in (India)
22.1.1 Overview
22.1.2 Offerings
22.1.3 Key Financials
22.1.4 Business Segment & Geographic Overview
22.1.5 Key Market Developments
22.1.6 Key Strategies
22.2. Vezlay Foods Pvt. Ltd (India)
22.2.1 Overview
22.2.2 Offerings
22.2.3 Key Financials
22.2.4 Business Segment & Geographic Overview
22.2.5 Key Market Developments
22.2.6 Key Strategies
22.3. Plamil Foods Ltd. (U.K.)
22.3.1 Overview
22.3.2 Offerings
22.3.3 Key Financials
22.3.4 Business Segment & Geographic Overview
22.3.5 Key Market Developments
22.3.6 Key Strategies
22.4 Peggs (U.S.)
22.4.1 Overview
22.4.2 Offerings
22.4.3 Key Financials
22.4.4 Business Segment & Geographic Overview
22.4.5 Key Market Developments
22.4.6 Key Strategies
22.5 Osome Pte. Ltd. (Singapore)
22.5.1 Overview
22.5.2 Offerings
22.5.3 Key Financials
22.5.4 Business Segment & Geographic Overview
22.5.5 Key Market Developments
22.5.6 Key Strategies
22.6 Eat Just, Inc. (U.S.)
22.6.1 Overview
22.6.2 Offerings
22.6.3 Key Financials
22.6.4 Business Segment & Geographic Overview
22.6.5 Key Market Developments
22.6.6 Key Strategies
22.7 Simply Eggless Inc. (U.S.)
22.7.1 Overview
22.7.2 Offerings
22.7.3 Key Financials
22.7.4 Business Segment & Geographic Overview
22.7.5 Key Market Developments
22.7.6 Key Strategies
22.8 Glanbia plc
22.8.1 Overview
22.8.2 Offerings
22.8.3 Key Financials
22.8.4 Business Segment & Geographic Overview
22.8.5 Key Market Developments
22.8.6 Key Strategies
22.9 Bob’s Red Mill Natural Foods, Inc.
22.9.1 Overview
22.9.2 Offerings
22.9.3 Key Financials
22.9.4 Business Segment & Geographic Overview
22.9.5 Key Market Developments
22.9.6 Key Strategies
22.10 EVO Foods
22.10.1 Overview
22.10.2 Offerings
22.10.3 Key Financials
22.10.4 Business Segment & Geographic Overview
22.10.5 Key Market Developments
22.10.6 Key Strategies
