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Vegan Eggs Market Size, Share & Trends Analysis Report by Form (Powder, Liquid, Egg-shaped), by Distribution Channel (Online, Offline), by Region, and Segment Forecasts, 2022-2030

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  • 80 Pages
  • August 2022
  • Region: Global
  • Grand View Research
  • ID: 5648084
Description Jump to:
The global vegan eggs market size is expected to reach USD 567.5 million by 2030, registering a CAGR of 16.7% from 2022 to 2030, according to this report. The market is expected to witness promising growth owing to the growing trend of veganism and the rising population of vegan consumers. According to Google Trends, vegan is trending with the increasing volume of searches and having an average rate of 64. According to the data, the U.K., Australia, New Zealand, Canada, and the U.S. are the top countries with the highest interest in vegan products and veganism. Moreover, the growth of the industry is significantly attributed to the increasing demand from millennials. In Canada, a study conducted by Dalhousie University in association with Qualtrics revealed that most of the vegans in the country are aged under 35.

The COVID-19 pandemic had a positive impact on the growth of the market. With the onset of the pandemic, consumer demand for animal proteins such as meat, seafood, and poultry products declined and emphasis on plant-based food products increased. Plant-based meat, plant-based milk, and vegan eggs products witnessed positive demand, along with heightened product launches. According to The Agriculture and Horticulture Development Board (ADHB), the emergence of COVID-19 has changed the way consumers look towards and has led to a drastic rise in vegan eating. This is expected to boost the demand for plant-based food in the coming years.

The online distribution channel is expected to witness strong growth during the forecast period. The increasing product placement on the e-commerce platforms by the key players and distributors is likely to drive the growth of the segment. For instance, in November 2021, Piperleaf, a plant-based food company, announced the launching of vegan egg premix in the Indian market through their website and plans to increase availability through multiple e-commerce channels. Moreover, increasing consumer inclination toward online shopping due to ease and convenience is expected to increase, mainly driven by the younger digitally dependent consumers.

The Asia Pacific is anticipated to register the highest growth rate during the forecast period. The regional market growth is significantly driven by the increasing presence of key players and emergence of the new players. For instance, in March 2022, Mumbai-based Evo Foods launched a heat-stable vegan boiled egg in the Indian market after last year's launch of the liquid vegan egg. Moreover, in January 2021, Chinese fast food restaurant chain, Dico’s announced replacing conventional eggs with a vegan egg from Just Egg in breakfast burgers and bagels at more than 500 outlets across the country.

Vegan Eggs Market Report Highlights

  • Europe accounted for the second-largest revenue share in 2021. The strong presence of a product on the shelves in the grocery stores and consumer awareness are fueling the regional market growth
  • By form, the liquid segment accounted for the largest revenue share in 2021. This is credited to the higher consumer preference due to easy functionality and strong market penetration
  • The online distribution channel is expected to register a CAGR of 17.5% over the forecast period. The segment is driven by the increasing consumer preference and the increasing presence of vegan food on e-commerce platforms

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Form Outlook
2.3. Distribution Channel Outlook
2.4. Regional Outlook
Chapter 3. Vegan Eggs Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Vegan Eggs Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19
Chapter 4. Consumer Behavior Analysis
4.1. Demographic Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer ProductAdoption
4.5. Observations & Recommendations
Chapter 5. Vegan EggsMarket: Form Estimates & Trend Analysis
5.1. Form Movement Analysis & Market Share, 2021 & 2030
5.2. Powder
5.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.3. Liquid
5.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
5.4. Egg-shaped
5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 6. Vegan EggsMarket: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.2. Online
6.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
Chapter 7. Vegan Eggs Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2021 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.2.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.2.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.5. Canada
7.2.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.2.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.2.6. Mexico
7.2.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.2.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.2.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.4. U.K.
7.3.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.5. Germany
7.3.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.6. France
7.3.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.7. Italy
7.3.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.3.8. Netherlands
7.3.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.3.8.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.3.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.6. Japan
7.4.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.7. South Korea
7.4.7.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.7.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.7.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.4.8. Australia
7.4.8.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.4.8.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.4.8.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.5.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.5.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.5.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.6.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2017 - 2030 (USD Million)
7.6.4.2. Market estimates and forecast, by form, 2017 - 2030 (USD Million)
7.6.4.3. Market estimates and forecast, by distribution channel, 2017 - 2030 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key Global Players, Recent Developments & their Impact on the Industry
8.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.3. Vendor Landscape
8.3.1. Key Company Market Share Analysis, 2021
Chapter 9. Company Profiles
9.1. Eat Just Inc.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. FormBenchmarking
9.1.4. Strategic Initiatives
9.2. Glanbia plc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. FormBenchmarking
9.2.4. Strategic Initiatives
9.3. Bob’s Red Mill Natural Foods, Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. FormBenchmarking
9.3.4. Strategic Initiatives
9.4. EVO Foods
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. FormBenchmarking
9.4.4. Strategic Initiatives
9.5. Orgran Foods
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. FormBenchmarking
9.5.4. Strategic Initiatives
9.6. ProVeg International
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Form Benchmarking
9.6.4. Strategic Initiatives
9.7. Lovely Day Foods GmbH
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. FormBenchmarking
9.7.4. Strategic Initiatives
9.8. Noblegen Inc.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Form Benchmarking
9.8.4. Strategic Initiatives
9.9. Grupo Mantiqueira.
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Form Benchmarking
9.9.4. Strategic Initiatives
9.10. Le Papondu
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Form Benchmarking
9.10.4. Strategic Initiatives
9.11. Atlantic Natural Foods
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Form Benchmarking
9.11.4. Strategic Initiatives
List of Tables
1. Vegan Eggs Market - Key Market Driver Analysis
2. Vegan Eggs Market - Key Market Restraint Analysis
3. Powder vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
4. Liquid vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
5. Egg-shaped vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
6. Vegan eggs market estimates and forecast through online channel, 2017 - 2030 (USD Million)
7. Vegan eggs market estimates and forecast through offline channel, 2017 - 2030 (USD Million)
8. North America vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
9. North America vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
10. North America vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
11. U.S. vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
12. U.S. vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
13. U.S. vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
14. Canada vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
15. Canada vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
16. Canada vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
17. Mexico vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
18. Mexico vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
19. Mexico vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
20. Europe vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
21. Europe vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
22. Europe vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
23. U.K. vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
24. U.K. vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
25. U.K. vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
26. Germany vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
27. Germany vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
28. Germany vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
29. France vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
30. France vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
31. France vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
32. Italy vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
33. Italy vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
34. Italy vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
35. Netherlands vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
36. Netherlands vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
37. Netherlands vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
38. Asia Pacific vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
39. Asia Pacific vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
40. Asia Pacific vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
41. China vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
42. China vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
43. China vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
44. India vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
45. India vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
46. India vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
47. Japan vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
48. Japan vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
49. Japan vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
50. South Korea vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
51. South Korea vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
52. South Korea vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
53. Australia vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
54. Australia Vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
55. Australia Vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
56. Central & South America vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
57. Central & South America vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
58. Central & South America vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
59. Brazil Vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
60. Brazil Vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
61. Brazil Vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
62. Middle East & Africa vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
63. Middle East & Africa vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
64. Middle East & Africa vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
65. South Africa vegan eggs market estimates and forecast, 2017 - 2030 (USD Million)
66. South Africa vegan eggs market estimates and forecast by form, 2017 - 2030 (USD Million)
67. South Africa vegan eggs market estimates and forecast by distribution channel, 2017 - 2030 (USD Million)
68. Vendor Landscape
List of Figures
1. Vegan Eggs Market Snapshot
2. Vegan Eggs Market Segmentation & Scope
3. Vegan Eggs Market Penetration & Growth Prospect Mapping
4. Vegan Eggs Market Value Chain Analysis
5. Vegan Eggs Market Dynamics
6. Vegan Eggs Market Porter's Analysis
7. Vegan Eggs Market: Form Movement Analysis
8. Vegan Eggs Market: Distribution Channel Movement Analysis
9. Vegan Eggs Market: Regional Movement Analysis

Companies Mentioned

  • Eat Just Inc.
  • Glanbia plc
  • Bob’s Red Mill Natural Foods, Inc.
  • EVO Foods
  • Orgran Foods
  • ProVeg International
  • Lovely Day Foods GmbH
  • Noblegen Inc.
  • Grupo Mantiqueira.
  • Le Papondu
  • Atlantic Natural Foods

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedAugust 2022
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 163.4 Million
Forecasted Market Value ( USD ) by 2030 $ 567.5 Million
Compound Annual Growth Rate16.7%
Regions CoveredGlobal
No. of Companies Mentioned11

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