Analysis of Vegan Egg Market Size, Share, CAGR & Forecast Report for 2032

By 2022, the vegan eggs market is projected to be worth US$ 1.6 billion, growing at a CAGR of 8.4% between 2022 and 2032. Currently, 2.9% of the value of the global egg market is made up of sales of vegan eggs.

The vegan eggs industry is greatly aided by the spread of disease caused by the consumption of animal-based foods, such as salmonella germs, which can originate in poultry and transferred to eggs even before shells have formed. Each year, Salmonella causes an estimated 1 million cases of foodborne illness in the United States. The use of antibiotics in egg-laying hens has also been linked with the development of antibiotic-resistant Salmonella bacteria.

Green and beans are excellent, but every now and then, a vegetarian, vegan, flexitarian, craves something familiar and hearty. As a market sector, plant-based and food-tech meat, cheese, and vegan eggs are far from dormant. They are experiencing recent innovations and developments, raising significant seed funding, and capturing the attention of the global food industry. In 2022 and beyond, consumers could definitely go for a vegan, environmentally friendly, and relatively healthier diet.

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Key Takeaways from Market Study

  • The U.S. is expected to account for more than 85% of the North America market in 2022 owing to the increasing demand for processed vegan foods.
  • According to FMI analysis, China is expected to account for nearly 44% of the East Asian market share in 2022, aided by increasing online vegan egg retailing.
  • Germany, with a market share of nearly 20.0% in 2022, is an influential country in the Europe vegan eggs market, gaining from the growing demand for packaged and convenience food products.
  • Because of its range of applications, the powder vegan eggs are expected to account for nearly 49% of the market in 2022.

 “Manufacturers are focusing on continuous research and development to enhance food quality. They are also adopting a number of different technologies such as nanotechnology and biotechnology for the production of vegan eggs even easier,” says a Future Market Insights analyst.

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Competitive Landscape

Demand for vegan food products is anticipated to witness significant growth over the forecast period. Vegan eggs suppliers and manufacturers are tailoring their product portfolio to cope with the increasing consumer demand.

A growing number of companies are entering the organic vegan eggs market due to high profitability and rising consumer demand for natural products. The following are some noteworthy market developments:

  • Berlin-based Perfeggt’s planning to launch its new vegan liquid egg in 2022, made from fava beans and other plant proteins.

Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Vegan Egg Market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

Vegan Egg Market By Category

By Product Type, Vegan Egg Market is segmented as:

  • Powder
  • Liquid

By Nature, Vegan Egg Market is segmented as:

  • Organic
  • Conventional

By End-use Application, Vegan Egg Market is segmented as:

  • Food Processing Industry
    • Bakery & Confectionery
    • Creamy Sauces
    • Ice-cream & Frozen Desserts
    • Mayonnaise
    • Noodles & Pasta
    • Salad Dressings
    • Others
  • Food Service Providers
  • Retail/Household
    • Convenience Stores
    • Discount Stores
    • Modern Trade
    • Grocery Stores
    • Online Retail
    • Specialty Stores
    • Wholesalers
    • Other Sales Channel

By Region, Vegan Egg Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East and Africa

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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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