Vegan Egg Market To Reach USD 3569.1 Mn by 2033

Aboli More
Aboli More

Updated · Jan 20, 2025

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Overview

New York, NY – January 20, 2025 – The global Vegan Egg Market is witnessing significant growth as consumers continue to shift toward plant-based diets for health, environmental, and ethical reasons. The market size is projected to reach approximately USD 3,569.1 million by 2033, up from USD 1,327.0 million in 2023, expanding at a compound annual growth rate (CAGR) of 10.4% during the forecast period from 2024 to 2033.

The increasing demand for vegan egg alternatives is primarily driven by the growing adoption of vegan and vegetarian lifestyles, along with rising concerns about animal welfare and sustainability. Additionally, the popularity of vegan eggs in food products like sandwiches, and pastries, and even as a stand-alone egg replacement in cooking has contributed to the market’s upward trajectory.

Market expansion opportunities lie in the introduction of innovative vegan egg products, improving taste and texture to more closely resemble traditional eggs. As more food manufacturers enter the space, the variety and availability of vegan egg products will increase, further boosting market growth. With ongoing advancements in plant-based food technologies, the vegan egg market is poised for significant expansion, appealing to both environmentally conscious consumers and those seeking healthier, plant-based alternatives.

Vegan Egg Market

Key Takeaways

  • Vegan Egg Market size is expected to be worth around USD 3569.1 Mn by 2033, from USD 1327.0 Mn in 2023, growing at a CAGR of 10.4%.
  • Powder held a dominant market position, capturing more than a 69.5% share of the global vegan egg market.
  • Conventional held a dominant market position, capturing more than a 63.4% share.
  • Bakery & Confectionery held a dominant market position, capturing more than a 37.5% share.
  • Food Processing Industry held a dominant market position, capturing more than a 46.8% share.
  • Convenience Stores held a dominant market position, capturing more than a 36.4% share.
  • North America held a dominant position in the market, capturing 48.3% of the total market share.

Key Market Segments

  • In 2023, the powdered vegan egg segment led the market, accounting for over 69.5% of the global share. This dominance is driven by the growing demand for convenient and easy-to-use alternatives for cooking and baking. Powdered vegan eggs are popular due to their long shelf life, ease of storage, and versatility across applications such as baked goods, pancakes, and scrambled egg substitutes.
  • Conventional vegan eggs captured more than 63.4% of the market in 2023, largely due to their affordability and wide availability. These products are popular among consumers seeking cost-effective, everyday plant-based alternatives for cooking and baking.
  • In 2023, the bakery and confectionery sector held the largest share, with vegan eggs accounting for more than 37.5% of the market. The demand for plant-based alternatives in baked goods, including cakes, muffins, and cookies, is driving this growth. Vegan eggs provide the texture and binding properties needed to replicate traditional eggs, making them essential in both commercial and home baking.

Regional Analysis

The global vegan egg market is experiencing robust growth across various regions, driven by rising demand for plant-based protein alternatives and shifting consumer preferences. In 2023, North America held the largest market share, capturing 48.3% of the total, valued at around USD 636.9 million. This dominance is largely attributed to the region’s growing shift towards plant-based diets, fueled by health consciousness, environmental concerns, and ethical considerations.

In Europe, the demand for vegan eggs is also significant, with the market projected to grow at a CAGR of 8.5% during the forecast period. The region’s commitment to sustainability and increasing populations of vegans and flexitarians, particularly in countries like the UK, Germany, and France, is driving demand for vegan egg substitutes. Europe’s well-established vegan food market plays a key role in this growth.

Top Use Cases

  • Baking and Confectionery: Vegan eggs are widely used in baking, especially in products like cakes, muffins, cookies, and brownies. They provide the necessary texture and binding properties to replace traditional eggs, making them ideal for vegan and egg-free baked goods. This use case is growing due to increasing consumer demand for plant-based alternatives in the bakery sector.
  • Vegan Scrambled Eggs: Vegan egg substitutes are commonly used to make scrambled egg replacements. These plant-based options mimic the texture and flavor of scrambled eggs, offering a nutritious, egg-free alternative for breakfast or brunch. This use case is especially popular among those following vegan, vegetarian, or flexitarian diets, contributing to the growth of the market.
  • Sauces and Dressings: Vegan eggs are frequently used in creamy sauces and dressings to provide smoothness and consistency. They are commonly found in plant-based alternatives to mayonnaise, hollandaise, and Alfredo sauces. This use case is particularly relevant in the growing plant-based food service sector, where demand for vegan-friendly condiments and dressings is on the rise.
  • Ice Cream and Frozen Desserts: In the production of dairy-free and egg-free ice creams and frozen desserts, vegan egg substitutes help achieve the creamy texture and stability typically provided by eggs. These plant-based alternatives are increasingly used by brands catering to the rising consumer demand for vegan and lactose-free frozen treats, expanding the market in the dessert sector.
  • Plant-Based Omelets: Vegan eggs are used to make plant-based omelets that closely resemble traditional egg omelets in both taste and texture. These products are popular among individuals following plant-based diets and are also increasingly featured in vegan restaurant menus. The demand for plant-based omelets is growing as more consumers seek healthy and ethical breakfast options.

Recent Developments

  • Eat Just Inc. (JUST Inc.) has reached a milestone of selling the equivalent of 500 million chicken eggs with its plant-based Just Egg products since 2019. Relaunched its popular vegan mayonnaise lineup in early 2024. Captured 99% of the vegan egg market in the US. Available in 48,000 retailers and over 3,300 eateries in the US and Canada. Aiming for profitability in 2024, with half of current SKUs selling at a positive margin.
  • EVO Foods, Raised $850,000 in a pre-seed round in 2021 to support its India market launch and R&D efforts. Partnered with restaurants across India to launch its plant-based liquid egg replacer on menus. In discussions with major QSR chains for a launch by the end of 2021 and planned overseas market entry in 2022.
  • Follow Your Heart, Acquired by Danone in 2021, giving Danone ownership of pioneering plant-based brands including Vegenaise and VeganEgg. The acquisition expanded Danone’s plant-based portfolio as part of its goal to triple plant-based sales by 2025.
  • Fooditive B.V., Received investment from FoodTech venture fund Sparkalis in March 2023. Developing vegan casein and bee-free honey using precision fermentation technology. Became the first food industry signatory to the Washington Compact on conducting business in outer space.
  • Zero Egg, Launched an improved version of its plant-based egg patty in 2024, available through DOT Foods. The new patty offers a more realistic taste, texture, and performance with fewer calories and fat than leading alternatives. Available to US distribution partners through DOT Foods beginning March 24, 2024.

Conclusion

The Vegan Egg Market is experiencing significant growth and shows strong potential for expansion in the coming years. As consumer preferences continue to shift towards plant-based diets driven by health, environmental, and ethical concerns, the demand for vegan egg alternatives is expected to rise across various regions.

Innovations in product types, including powdered and liquid vegan eggs, are meeting the needs of both home cooks and the food service industry. Key sectors such as baking, sauces, and frozen desserts are benefiting from the inclusion of vegan egg substitutes, helping to create egg-free alternatives without compromising on taste or texture. As more companies enter the market and consumers seek healthier, more sustainable options, the vegan egg market is poised for continued growth.

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