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Global Vegan Egg Substitute Market: By Form: Solid, Liquid; By Type: Starch, Algae Flour, Soy-Based, Others; By Application: Bakery, Confectionery, Desserts, Convenience Food,; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Vegan Egg Substitute Market Outlook
The global vegan egg substitute market is expected to grow at a CAGR of 5.6% in the forecast period of 2023-2028 to reach a value of USD 1.48 billion by 2026.
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The Rising Demand from Developed Regions to Aid the Market Growth of Vegan Egg Substitute
The market growth of vegan egg substitute is being driven by the robust demand for vegan egg substitute from the developed regions. The North America region is predicted to be a significant market globally as a result of a large vegan population. Further, Europe and East Asia are anticipated to witness a rapid growth over the forecast period.
Over the past few years, the outbreaks of numerous flu in the poultry industry have majorly impacted the prices of eggs, consequently creating a need for producers and food technologies to converge for the probable solution for egg, thereby propelling the market growth further. Moreover, the vegan egg substitute industry has huge opportunities for the manufacturers owing to its increasing growth trends.
Vegan Egg Substitute: Market Segmentation
Vegan egg substitutes are those ingredients that replace the egg in the food industry for purposes like cooking or baking. Several ingredients are available in the market to substitute the consumption of egg, and most of them are free from all animal products. Hence, they are considered vegan egg substitutes, and they contain no cholesterol. Consumers are also opting for homemade ingredients to substitute egg, like fruits, baking powder, chia seeds, potato starch, ground seed, and others.
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On the basis of form, the market is divided into:
- Solid
- Liquid
Based on type, the industry can be segmented into:
- Starch
- Algae Flour
- Soy-Based
- Others
By application, the industry is categorised into:
- Bakery
- Confectionery
- Desserts
- Convenience Food
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Awareness Regarding Environmental Sustainability to Aid the Market Growth of Vegan Egg Substitute
The market growth of vegan egg substitute is being driven by the rising demand for vegan processed food products. Further, certain factors positively impacting the market growth are the rising allergenicity, increasing awareness regarding environmental sustainability, and the shift of consumers towards vegan diets. Moreover, the market is also influenced by secondary drivers like enhancing shelf life as compared to eggs, along with rising prices of eggs due to increased poultry diseases. In addition, the vegan egg substitutes exhibit the potential to replace the egg in several food products such as cakes, biscuits, mayonnaise, muffins, noodles, and others.
Key Industry Players in the Global Vegan Egg Substitute Market
The report gives a detailed analysis of the following key players in the global vegan egg substitute market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Glanbia plc
- Ingredion Incorporated
- Cargill, Incorporated
- Bob's Red Mill Natural Foods, Inc.
- House Foods America Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Type, Application, Region |
| Breakup by Form | Solid, Liquid |
| Breakup by Type | Starch, Algae Flour, Soy-Based, Others |
| Breakup by Application | Bakery, Confectionery, Desserts, Convenience Food, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Glanbia plc, Ingredion Incorporated, Cargill, Incorporated, Bob's Red Mill Natural Foods, Inc., House Foods America Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Vegan Egg Substitute Market Analysis
8.1 Key Industry Highlights
8.2 Global Vegan Egg Substitute Historical Market (2018-2022)
8.3 Global Vegan Egg Substitute Market Forecast (2023-2028)
8.4 Global Vegan Egg Substitute Market by Form
8.4.1 Solid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Liquid
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Vegan Egg Substitute Market by Type
8.5.1 Starch
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Algae Flour
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Soy-Based
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Vegan Egg Substitute Market by Application
8.6.1 Bakery
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Confectionery
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Desserts
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Convenience Food
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Vegan Egg Substitute Market by Region
8.7.1 Market Share
8.7.1.1 North America
8.7.1.2 Europe
8.7.1.3 Asia Pacific
8.7.1.4 Latin America
8.7.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Glanbia plc
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Ingredion Incorporated
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Cargill, Incorporated
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Bob's Red Mill Natural Foods, Inc.
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 House Foods America Corporation
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Others
13 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Vegan Egg Substitute Market: Key Industry Highlights, 2018 and 2028
2. Global Vegan Egg Substitute Historical Market: Breakup by Form (USD Billion), 2018-2022
3. Global Vegan Egg Substitute Market Forecast: Breakup by Form (USD Billion), 2023-2028
4. Global Vegan Egg Substitute Historical Market: Breakup by Type (USD Billion), 2018-2022
5. Global Vegan Egg Substitute Market Forecast: Breakup by Type (USD Billion), 2023-2028
6. Global Vegan Egg Substitute Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Vegan Egg Substitute Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Vegan Egg Substitute Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Vegan Egg Substitute Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Vegan Egg Substitute Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Vegan Egg Substitute Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Vegan Egg Substitute Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Vegan Egg Substitute Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Vegan Egg Substitute Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Vegan Egg Substitute Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Vegan Egg Substitute Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Vegan Egg Substitute Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Vegan Egg Substitute Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Vegan Egg Substitute Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Vegan Egg Substitute Market Structure
Key Questions Answered in the Report
The global vegan egg substitute market is projected to grow at a CAGR of 5.6% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 1.48 billion by 2026.
The major drivers of the industry, such as rising disposable incomes, rising allergenicity, increasing awareness regarding environmental sustainability, and the shift of consumers towards vegan diets, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising opportunities for the manufacturers owing to the industry’s increasing growth trends.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of vegan egg substitute in the market are solid and liquid.
The significant types of vegan egg substitute in the industry are starch, algae flour, and soy-based, among others.
The major application segments in the market are bakery, confectionery, desserts, and convenience food, among others.
The major players in the industry are Glanbia plc, Ingredion Incorporated, Cargill, Incorporated, Bob's Red Mill Natural Foods, Inc., and House Foods America Corporation, among others.
Analyst Review
The global vegan egg substitute market is being driven by the rising adoption of vegan diet. Aided by the growing environmental sustainability, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 5.8%. The market is projected to reach USD 1.48 billion by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the market is bifurcated into solid and liquid. By type, the industry is divided into starch, algae flour, and soy-based, among others. On the basis of application, the market is segmented into bakery, confectionery, desserts, and convenience food, among others. The major regional markets for vegan egg substitute are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Glanbia plc, Ingredion Incorporated, Cargill, Incorporated, Bob's Red Mill Natural Foods, Inc., and House Foods America Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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