Plant-based Eggs Market - By Source (Legumes, Grains, Seeds, Algae-based), By Form (Liquid, Powder), By End-Use Application (Bakery and Confectionery, Food Processing, Foodservice) By Distribution Channel & Forecast, 2023

Description

List of Tables

Global Plant-based Eggs Market will grow at 18.5% CAGR from 2023 to 2032, propelled by innovations in plant-based technologies and a rising focus on health-conscious choices. As consumers seek nutritious alternatives and embrace plant-based diets, the demand for innovative plant-based egg products surges. These advancements cater to health-conscious individuals while aligning with sustainable and ethical consumption trends. The convergence of innovation and health-driven choices will be a key driver in expanding the size of the plant-based eggs market landscape.

For instance, in 2023, Zikooin Company (UNLIMEAT), a key player in Korea's alternative meat market, collaborated with JUST Egg, a leading U.S.-based plant-based egg brand. Through a brand license agreement, the companies will introduce new plant-based egg products in JUST Egg's popular folded format, expanding their offerings in the alternative egg market in Korea. This move signifies a clear trend toward an upward trajectory in the industry.

The plant-based eggs market is classified based on source, end-use, distribution channel, and region.

The market size from the grains segment will exhibit significant growth through 2032. The growing consumer preference for natural and whole-food ingredients will fuel the prominence of grain-derived, plant-based eggs. As an integral source, grains provide a wholesome and sustainable foundation, aligning with the demand for nutritious and ethical alternatives. With the rise of plant-based diets, the grain segment will play a pivotal role, contributing substantially to the market's evolving dynamics and expansion.

The plant-based eggs industry share from the food processing segment will expand commendably over 2023-2032. As consumer preferences shift towards sustainable and plant-based alternatives, the food processing industry is adopting plant-based eggs for their versatility in various applications. With an increasing demand for innovative and cruelty-free ingredients, plant-based eggs find significant traction in food processing, reflecting a fundamental shift in dietary choices and contributing to the sector's prominence within the evolving plant-based eggs market.

Specialty stores will accumulate a substantial share of the market revenue by 2032, driven by an increasing consumer preference for specialized outlets offering a curated selection of plant-based products. Specialty stores cater to discerning customers seeking high-quality, innovative alternatives, thus becoming pivotal in the plant-based eggs market. As awareness and demand for plant-based options rise, the accessibility and expertise provided by specialty stores will position them as key contributors to the market's growth.

Europe plant-based eggs industry will grow at a remarkable CAGR from 2023 to 2032, attributed to the region's heightened awareness of environmental sustainability and a growing demand for cruelty-free and plant-based alternatives. Stringent regulations promoting sustainable practices further align with the European consumer's preference for ethical choices. As the plant-based movement gains momentum, Europe will emerge as a key contributor, reflecting a significant share in the dynamic and evolving market for plant-based eggs.

Product Code: 7233

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Plant-based Eggs market 360 degree synopsis, 2018 - 2032
2.2 Business trends
- 2.2.1 Total Addressable Market (TAM), 2023 - 2032
2.3 Regional trends
2.4 Source trends
2.5 Form trends
2.6 End-use application trends
2.7 Distribution channel trends

Chapter 3 Plant-based Eggs Market Insights

3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
- 3.6.1 Partnership/Collaboration
- 3.6.2 Merger/Acquisition
- 3.6.3 Investment
- 3.6.4 Product launch & innovation
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Rising vegan and vegetarian populations
  - 3.8.1.2 Growing availability of plant-based egg products
  - 3.8.1.3 Health and wellness trends
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Lack of awareness
  - 3.8.2.2 Competition from other plant-based proteins
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Eat Just, Inc.
- 4.3.2 Impossible Foods Inc.
- 4.3.3 Follow Your Heart
- 4.3.4 Clara Foods
- 4.3.5 Daiya Foods Inc.
- 4.3.6 Nestlé S.A.
- 4.3.7 Califia Farms
- 4.3.8 The Vegetarian Butcher
- 4.3.9 Sunfed Meats
- 4.3.10 Blue Horizon Corporation
- 4.3.11 Oatly AB
- 4.3.12 Moving Mountains Foods
- 4.3.13 Good Catch Foods
- 4.3.14 Zero Egg
- 4.3.15 Greenwise Co., Ltd.
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Plant-based Eggs Market Estimates & Forecast, By Source (Revenue)

5.1 Key trends, by source
5.2 Legumes
5.3 Grains
5.4 Seeds
5.5 Algae-based
5.6 Others

Chapter 6 Plant-based Eggs Market Estimates & Forecast, By Form (Revenue)

6.1 Key trends, by form
6.2 Liquid
6.3 Powder
6.4 Others

Chapter 7 Plant-based Eggs Market Estimates & Forecast, By End-Use Application (Revenue)

7.1 Key trends, by end-use application
7.2 Bakery and Confectionery
7.3 Food Processing
7.4 Foodservice
7.5 Household
7.6 Others

Chapter 8 Plant-based Eggs Market Estimates & Forecast, By Distribution Channel (Revenue)

8.1 Key trends, by distribution channel
8.2 Supermarkets and Hypermarkets
8.3 Specialty Stores
8.4 Online Retail
8.5 Convenience Stores
8.6 Others

Chapter 9 Plant-based Eggs Market Estimates & Forecast, By Region (Revenue)

9.1 Key trends, by region
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Southeast Asia
- 9.4.6 ANZ
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa

Chapter 10 Company Profiles

10.1 Eat Just, Inc.
10.2 Impossible Foods Inc.
10.3 Follow Your Heart
10.4 Clara Foods
10.5 Daiya Foods Inc.
10.6 Nestlé S.A.
10.7 Califia Farms
10.8 The Vegetarian Butcher
10.9 Sunfed Meats
10.10 Blue Horizon Corporation
10.11 Oatly AB
10.12 Moving Mountains Foods
10.13 Good Catch Foods
10.14 Zero Egg
10.15 Greenwise Co., Ltd.