The global plant-based eggs market is expected to be valued at US$ 122.8 million in 2023 and to reach a valuation of US$ 684.3 million by 2033. The demand for plant-based eggs is estimated to grow at a steady 18.7% CAGR, with the United Kingdom, the USA, China, and India emerging as key producers.
Plant-based eggs market is growing rapidly. Here are some key trends shaping the market growth:
| Attributes | Details |
|---|---|
| Plant-Based Eggs Market CAGR (2023 to 2033) | 18.7% |
| Plant-Based Eggs Market Size (2023) | US$ 122.8 million |
| Plant-Based Eggs Market Size (2033) | US$ 684.3 million |
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The global demand for plant-based eggs grew at a CAGR of 11.1% between 2016 and 2022, and it's expected to expand at a CAGR of 18.7% between 2023 and 2033. The growth potential of the sales of plant-based eggs could be looked at from short-term, mid-term, and long-term perspectives.
| Short-Term Outlook (2023 to 2025) | Consumers are becoming more conscious of the food choices they make, and are looking for options that align with their values, such as animal welfare, environmental sustainability, and health. Plant-based eggs tick all these boxes. |
|---|---|
| Mid-Term Outlook (2025 to 2028) | The availability of plant-based eggs through various distribution channels, such as supermarkets, online retail, and restaurants, is expected to drive market growth in the midterm. |
| Long-Term Outlook (2028 to 2032) | With the increasing popularity of plant-based products, investors are showing more interest in investing in the industry, which is expected to drive the sales of plant-based eggs in the long term. |
Increasing worries about global warming and the environment are propelling the industry worldwide. About 60% of the greenhouse gas emissions from food production may be traced back to the meat and animal products industry. According to a new scientific investigation, animal-based diets contribute twice as much to environmental degradation than plant-based foods do. Since deforestation makes more space and resources accessible for grazing and animal rearing, it has a more negative impact on the climate than planting trees would. The industry is predicted to grow as a result of people's growing awareness of climate change and the subsequent trend toward plant-based diets.
The introduction of innovative products, rising consumer interest, and official stamps of approval from safety regulators are also significant contributors to the development of the sector. In April 2022, for instance, news emerged that the European Commission had sanctioned Eat Just's vegan mung bean egg. It was compiled and submitted to the EFSA and the Commission with the help of Analyze and Realize GmbH, with which Eat Just partnered. Following this approval, the corporation is expected to begin expanding into European countries. And in March of 2022, the Berlin-based company Perfeggt stated that it would be expanding sales of its vegan egg substitute to the United Kingdom, Austria, and Switzerland.
Despite the drivers, the demand for plant-based eggs is being hampered due to two key restraints:
High Cost: Plant-based eggs are generally more expensive than traditional eggs, which can be a restraint for some consumers who may not be able to afford them.
Limited Availability: Plant-based eggs are not yet widely available in all regions, and this can be a restraint for consumers who live in areas where these products are not easily accessible.
The growing popularity of plant-based food in the USA is driven by a combination of health, environmental, economic, technological, and lifestyle changes and changing consumer preferences factors. The plant-based food industry in the USA is rapidly growing, with new companies and products entering the market, and established companies expanding their offerings. As more US consumers become aware of the benefits of plant-based eggs, the market for these products is expected to continue to grow in the coming years. Additionally, the increase in demand for plant-based foods has led to more retailers and restaurants offering these options, making them more widely available and accessible to consumers.
Top Companies in the USA Plant-Based Eggs Industry
| CAGR (2023 to 2033) | 11.1% |
|---|---|
| United Kingdom Plant-Based Eggs Market Share | 9.5% |
| United Kingdom Plant-Based Eggs Market Valuation (2022) | US$ 138.2 million |
| United Kingdom Plant-Based Eggs Market Valuation (2033) | US$ 438.1 million |
Climate change and other environmental concerns are driving more people in the United Kingdom to adopt plant-based diets and choose eco-friendly products. The United Kingdom has been a leader in the fight against climate change and people are becoming more aware of the impacts of animal agriculture on the environment, and are looking for more sustainable food options. Plant-based eggs have a much lower environmental impact than traditional eggs, and this is becoming a key consideration for United Kingdom consumers.
Plant-based eggs are often less expensive than traditional eggs, making them accessible to a wider range of people in the United Kingdom. With the increasing popularity of plant-based foods in the United Kingdom, more companies are entering the plant-based eggs industry, increasing competition and driving prices down.
Top Companies in the United Kingdom Plant-Based Eggs Industry
| CAGR (2023 to 2033) | 9.3% |
|---|---|
| China Plant-Based Eggs Market Share | 8.1% |
| China Plant-Based Eggs Market Valuation (2022) | US$ 117.87 million |
| China Plant-Based Eggs Market Valuation (2033) | US$ 313.9 million |
The advancements in technology and research have led to the development of plant-based egg substitutes that mimic the taste and texture of traditional eggs, making them more appealing to Chinese consumers. Many companies in China are using new and innovative ingredients, such as peas, soy, and legumes, to create more realistic and delicious plant-based egg products. Additionally, companies are investing in research and development to create plant-based eggs that can be used in a variety of dishes, such as scrambled eggs, omelets, and fried eggs, making them more versatile and appealing to Chinese consumers.
A small percentage of the Chinese population follows Buddhism and vegetarianism, plant-based eggs provide a good alternative to eggs that come from chickens.
Top Companies in the China Plant-Based Eggs Industry
| CAGR (2023 to 2033) | 10.4% |
|---|---|
| India Plant-Based Eggs Market Share | 3.3% |
| India Plant-Based Eggs Market Valuation (2022) | US$ 48 million |
| India Plant-Based Eggs Market Valuation (2033) | US$ 142.6 million |
There is an increasing awareness in India about the health benefits of plant-based foods, and many people are turning to vegan options, such as plant-based eggs, as a healthier alternative to traditional animal-based products. Many people in India are vegetarian for religious and cultural reasons, and plant-based eggs provide a good alternative to eggs that come from chickens. The government of India is promoting the plant-based food industry and providing support to the companies in terms of finances and other resources, which is helping the industry to grow.
Top Companies in the Indian Plant-Based Eggs Industry
Principal Consultant
| Segment | Product Type |
|---|---|
| Top Sub-segment | Powder |
| Market Share | 55.6% |
| Segment | End Use |
|---|---|
| Top Sub-segment | Food Processing Industry |
| Market Share | 40.1% |
The increasing demand for plant-based products, such as plant-based eggs, is driving growth in the food processing industry. As consumers become more health conscious and environmentally aware, they are seeking out plant-based alternatives to traditional animal-based products, which is leading to an increase in the demand for plant-based eggs and other plant-based food products.
Additionally, the food processing industry is expected to benefit from technological advancements in the development of plant-based egg substitutes. The use of newer and more innovative ingredients, such as peas, soy, and legumes, is expected to drive the development of new and improved plant-based egg products.
Companies in the market are using a variety of strategies to drive growth. Some of the key strategies being adopted include:
Overall, companies in the market are adopting a variety of strategies to drive growth, increase market share, and stay competitive in the rapidly growing plant-based food industry.
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The United Kingdom recorded a CAGR of 9.5% in 2022.
The United States is estimated to grow at 27.1% of share through 2033.
Tofu segment contributes a maximum share in the global market.
The food processing industry holds a maximum revenue of the global market.
From 2018 to 2022, the global market exhibited 11.1% CAGR.
1. Executive Summary | Plant-Based Eggs Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Source, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Source, 2023 to 2033
5.3.1. Legumes
5.3.2. Other Plant Sources
5.4. Y-o-Y Growth Trend Analysis By Source, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Source, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Form, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Form, 2023 to 2033
6.3.1. Liquid
6.3.2. Powder
6.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Sales Channel, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Sales Channel, 2023 to 2033
7.3.1. Offline Sales
7.3.1.1. Supermarket
7.3.1.2. Convenience Stores
7.3.1.3. Specialty Stores
7.3.2. Online Sales
7.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Sales Channel, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. United States of America
9.2.1.2. Canada
9.2.2. By Source
9.2.3. By Form
9.2.4. By Sales Channel
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Source
9.3.3. By Form
9.3.4. By Sales Channel
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Source
10.2.3. By Form
10.2.4. By Sales Channel
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source
10.3.3. By Form
10.3.4. By Sales Channel
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Source
11.2.3. By Form
11.2.4. By Sales Channel
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source
11.3.3. By Form
11.3.4. By Sales Channel
11.4. Key Takeaways
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. China
12.2.1.2. Japan
12.2.1.3. South Korea
12.2.1.4. Singapore
12.2.1.5. Thailand
12.2.1.6. Indonesia
12.2.1.7. Australia
12.2.1.8. New Zealand
12.2.1.9. Rest of Asia Pacific
12.2.2. By Source
12.2.3. By Form
12.2.4. By Sales Channel
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source
12.3.3. By Form
12.3.4. By Sales Channel
12.4. Key Takeaways
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. GCC Countries
13.2.1.2. South Africa
13.2.1.3. Israel
13.2.1.4. Rest of MEA
13.2.2. By Source
13.2.3. By Form
13.2.4. By Sales Channel
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source
13.3.3. By Form
13.3.4. By Sales Channel
13.4. Key Takeaways
14. Key Countries Market Analysis
14.1. United States of America
14.1.1. Pricing Analysis
14.1.2. Market Share Analysis, 2022
14.1.2.1. By Source
14.1.2.2. By Form
14.1.2.3. By Sales Channel
14.2. Canada
14.2.1. Pricing Analysis
14.2.2. Market Share Analysis, 2022
14.2.2.1. By Source
14.2.2.2. By Form
14.2.2.3. By Sales Channel
14.3. Brazil
14.3.1. Pricing Analysis
14.3.2. Market Share Analysis, 2022
14.3.2.1. By Source
14.3.2.2. By Form
14.3.2.3. By Sales Channel
14.4. Mexico
14.4.1. Pricing Analysis
14.4.2. Market Share Analysis, 2022
14.4.2.1. By Source
14.4.2.2. By Form
14.4.2.3. By Sales Channel
14.5. Germany
14.5.1. Pricing Analysis
14.5.2. Market Share Analysis, 2022
14.5.2.1. By Source
14.5.2.2. By Form
14.5.2.3. By Sales Channel
14.6. United Kingdom
14.6.1. Pricing Analysis
14.6.2. Market Share Analysis, 2022
14.6.2.1. By Source
14.6.2.2. By Form
14.6.2.3. By Sales Channel
14.7. France
14.7.1. Pricing Analysis
14.7.2. Market Share Analysis, 2022
14.7.2.1. By Source
14.7.2.2. By Form
14.7.2.3. By Sales Channel
14.8. Spain
14.8.1. Pricing Analysis
14.8.2. Market Share Analysis, 2022
14.8.2.1. By Source
14.8.2.2. By Form
14.8.2.3. By Sales Channel
14.9. Italy
14.9.1. Pricing Analysis
14.9.2. Market Share Analysis, 2022
14.9.2.1. By Source
14.9.2.2. By Form
14.9.2.3. By Sales Channel
14.10. China
14.10.1. Pricing Analysis
14.10.2. Market Share Analysis, 2022
14.10.2.1. By Source
14.10.2.2. By Form
14.10.2.3. By Sales Channel
14.11. Japan
14.11.1. Pricing Analysis
14.11.2. Market Share Analysis, 2022
14.11.2.1. By Source
14.11.2.2. By Form
14.11.2.3. By Sales Channel
14.12. South Korea
14.12.1. Pricing Analysis
14.12.2. Market Share Analysis, 2022
14.12.2.1. By Source
14.12.2.2. By Form
14.12.2.3. By Sales Channel
14.13. Singapore
14.13.1. Pricing Analysis
14.13.2. Market Share Analysis, 2022
14.13.2.1. By Source
14.13.2.2. By Form
14.13.2.3. By Sales Channel
14.14. Thailand
14.14.1. Pricing Analysis
14.14.2. Market Share Analysis, 2022
14.14.2.1. By Source
14.14.2.2. By Form
14.14.2.3. By Sales Channel
14.15. Indonesia
14.15.1. Pricing Analysis
14.15.2. Market Share Analysis, 2022
14.15.2.1. By Source
14.15.2.2. By Form
14.15.2.3. By Sales Channel
14.16. Australia
14.16.1. Pricing Analysis
14.16.2. Market Share Analysis, 2022
14.16.2.1. By Source
14.16.2.2. By Form
14.16.2.3. By Sales Channel
14.17. New Zealand
14.17.1. Pricing Analysis
14.17.2. Market Share Analysis, 2022
14.17.2.1. By Source
14.17.2.2. By Form
14.17.2.3. By Sales Channel
14.18. GCC Countries
14.18.1. Pricing Analysis
14.18.2. Market Share Analysis, 2022
14.18.2.1. By Source
14.18.2.2. By Form
14.18.2.3. By Sales Channel
14.19. South Africa
14.19.1. Pricing Analysis
14.19.2. Market Share Analysis, 2022
14.19.2.1. By Source
14.19.2.2. By Form
14.19.2.3. By Sales Channel
14.20. Israel
14.20.1. Pricing Analysis
14.20.2. Market Share Analysis, 2022
14.20.2.1. By Source
14.20.2.2. By Form
14.20.2.3. By Sales Channel
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Source
15.3.3. By Form
15.3.4. By Sales Channel
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Vegg
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.2. Conagra Brands Inc
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.3. Bob’s Red Mill Natural Foods
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.4. Just
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.5. Zero Egg
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.6. Float Foods
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.7. Evo Foods
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.8. Crack’d
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.9. Orgran
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.10. Earth Island
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Plant Based Eggs Market
