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Global Vegan Egg Substitute Market Size study & Forecast, by Form (Solid and Liquid), by Type (Starch, Algae Flour, Soy-based, and Others), by Application (Bakery, Confectionery, Desserts, Convenience Foods, and Others) and Regional Analysis, 2022-2029

January 2023 | 200 pages | ID: GDEAB2C9B935EN
Bizwit Research & Consulting LLP

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Global Vegan Egg Substitute Market is valued at approximately USD 141.3 million in 2021 and is anticipated to grow with a healthy growth rate of more than 16.7% over the forecast period 2022-2029. Vegan Egg Substitute refers to edible materials that are used in baking & cookery industry instead of Eggs. Majority of the substitute used are plant-based and free from animal-based ingredients. Moreover, different fruits and seeds are used as Egg substitutes such as Banana, Chia Seeds, Tofu, Chickpea floor, Apple, and Yogurt among others. Banana is used as an egg replacer in cakes, bread, muffins, and brownies. Also, Chia seeds & Flax seeds are used in various bakery items including cookies, biscuits, bread, crepes, and pancakes. The increasing demand for vegan food products worldwide and growing utilization due to enhanced shelf life as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The increasing consumption of vegan and plant-based food products is contributing to the growth of the Global Vegan Egg Substitute Market. For instance, according to Statista – in 2021, the global vegan food market was valued at USD 16 billion, and the market is projected to grow to USD 22 billion by 2025. Moreover, as per Food Revolution Network estimates - in 2020, the global sales of plant-based dairy and meat was estimated at USD 29 billion, and the sales is projected to grow to USD 162 billion by 2030. Also, rising awareness towards clean-label and vegan products and growing number of obese individuals would create a lucrative growth prospectus for the market over the market. However, the high cost associated with Vegan Egg Substitute impedes the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Vegan Egg Substitute Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region in terms of global market share owing to the rising prevalence of lifestyle diseases such as diabetes, obesity, and high blood pressure as well as increasing consumption of vegan and plant-based food products in the region. Whereas Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as rising expansion of bakery & confectionery industry coupled with increasing inclination towards vegan food products and growing emergence of quick service restaurants in the region.

Major market players included in this report are:
Glanbia Plc
Archer Daniel Midland Company
Cargill Incorporated
Kerry Group
Ingredion Incorporation
Renmatix
Bob’s Red Mill
House Foods America Corporation
Nayosa Foods Inc.
TIC Gums

Recent Developments in the Market:
In November 2020, Plant-based egg brand Crackd announced the launch of its 100 percent vegan liquid egg replacement at stores in the U.K. The new product named Crackd the No-Egg Egg, would be distributed through a network of selected retailers from December onwards. This new product can be used in bakery products.

In May 2022, India based Evo Foods rolled out their vegan egg substitute at the Cafй Mondegar based in Colaba, Mumbai.

Global Vegan Egg Substitute Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Form, Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Form
Solid
Liquid

By Type
Starch
Algae Flour
Soy-based
Others

By Application
Bakery
Confectionery
Desserts
Convenience Foods
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million )
  1.2.1. Vegan Egg Substitute Market, by Region, 2019-2029 (USD Million)
  1.2.2. Vegan Egg Substitute Market, by Form, 2019-2029 (USD Million)
  1.2.3. Vegan Egg Substitute Market, by Type, 2019-2029 (USD Million)
  1.2.4. Vegan Egg Substitute Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL VEGAN EGG SUBSTITUTE MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL VEGAN EGG SUBSTITUTE MARKET DYNAMICS

3.1. Vegan Egg Substitute Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for vegan food products worldwide
    3.1.1.2. Growing utilization due to enhanced shelf life
    3.1.1.3. Strategic initiatives from leading market players
  3.1.2. Market Challenges
    3.1.2.1. High Cost associated with Vegan Egg Substitute
  3.1.3. Market Opportunities
    3.1.3.1. Rising awareness towards clean-label and vegan products
    3.1.3.2. Growing number of obese individuals

CHAPTER 4. GLOBAL VEGAN EGG SUBSTITUTE MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL VEGAN EGG SUBSTITUTE MARKET, BY FORM

6.1. Market Snapshot
6.2. Global Vegan Egg Substitute Market by Form, Performance - Potential Analysis
6.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Form 2019-2029 (USD Million)
6.4. Vegan Egg Substitute Market, Sub Segment Analysis
  6.4.1. Solid
  6.4.2. Liquid

CHAPTER 7. GLOBAL VEGAN EGG SUBSTITUTE MARKET, BY TYPE

7.1. Market Snapshot
7.2. Global Vegan Egg Substitute Market by Type, Performance - Potential Analysis
7.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Type 2019-2029 (USD Million)
7.4. Vegan Egg Substitute Market, Sub Segment Analysis
  7.4.1. Starch
  7.4.2. Algae flour
  7.4.3. Soy-based
  7.4.4. Others

CHAPTER 8. GLOBAL VEGAN EGG SUBSTITUTE MARKET, BY APPLICATION

8.1. Market Snapshot
8.2. Global Vegan Egg Substitute Market by Application, Performance - Potential Analysis
8.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Application 2019-2029 (USD Million)
8.4. Vegan Egg Substitute Market, Sub Segment Analysis
  8.4.1. Bakery
  8.4.2. Confectionery
  8.4.3. Desserts
  8.4.4. Convenience foods
  8.4.5. Others

CHAPTER 9. GLOBAL VEGAN EGG SUBSTITUTE MARKET, REGIONAL ANALYSIS

9.1. Vegan Egg Substitute Market, Regional Market Snapshot
9.2. North America Vegan Egg Substitute Market
  9.2.1. U.S. Vegan Egg Substitute Market
    9.2.1.1. Form breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Vegan Egg Substitute Market
9.3. Europe Vegan Egg Substitute Market Snapshot
  9.3.1. U.K. Vegan Egg Substitute Market
  9.3.2. Germany Vegan Egg Substitute Market
  9.3.3. France Vegan Egg Substitute Market
  9.3.4. Spain Vegan Egg Substitute Market
  9.3.5. Italy Vegan Egg Substitute Market
  9.3.6. Rest of Europe Vegan Egg Substitute Market
9.4. Asia-Pacific Vegan Egg Substitute Market Snapshot
  9.4.1. China Vegan Egg Substitute Market
  9.4.2. India Vegan Egg Substitute Market
  9.4.3. Japan Vegan Egg Substitute Market
  9.4.4. Australia Vegan Egg Substitute Market
  9.4.5. South Korea Vegan Egg Substitute Market
  9.4.6. Rest of Asia Pacific Vegan Egg Substitute Market
9.5. Latin America Vegan Egg Substitute Market Snapshot
  9.5.1. Brazil Vegan Egg Substitute Market
  9.5.2. Mexico Vegan Egg Substitute Market
  9.5.3. Rest of Latin America Vegan Egg Substitute Market
9.6. Rest of The World Vegan Egg Substitute Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Glanbia PLC
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Archer Daniel Midland Company
  10.2.3. Cargill Incorporated
  10.2.4. Kerry Group
  10.2.5. Ingredion Incorporation
  10.2.6. Renmatix
  10.2.7. Bob’s Red Mill
  10.2.8. House Foods America Corporation
  10.2.9. Nayosa Foods Inc.
  10.2.10. TIC Gums

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research AssumptionChapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million )
  1.2.1. Vegan Egg Substitute Market, by Region, 2019-2029 (USD Million)
  1.2.2. Vegan Egg Substitute Market, by Form, 2019-2029 (USD Million)
  1.2.3. Vegan Egg Substitute Market, by Type, 2019-2029 (USD Million)
  1.2.4. Vegan Egg Substitute Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vegan Egg Substitute Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vegan Egg Substitute Market Dynamics
3.1. Vegan Egg Substitute Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Increasing demand for vegan food products worldwide
    3.1.1.2. Growing utilization due to enhanced shelf life
    3.1.1.3. Strategic initiatives from leading market players
  3.1.2. Market Challenges
    3.1.2.1. High Cost associated with Vegan Egg Substitute
  3.1.3. Market Opportunities
    3.1.3.1. Rising awareness towards clean-label and vegan products
    3.1.3.2. Growing number of obese individuals
Chapter 4. Global Vegan Egg Substitute Market Industry Analysis
4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Vegan Egg Substitute Market, by Form
6.1. Market Snapshot
6.2. Global Vegan Egg Substitute Market by Form, Performance - Potential Analysis
6.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Form 2019-2029 (USD Million)
6.4. Vegan Egg Substitute Market, Sub Segment Analysis
  6.4.1. Solid
  6.4.2. Liquid
Chapter 7. Global Vegan Egg Substitute Market, by Type
7.1. Market Snapshot
7.2. Global Vegan Egg Substitute Market by Type, Performance - Potential Analysis
7.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Type 2019-2029 (USD Million)
7.4. Vegan Egg Substitute Market, Sub Segment Analysis
  7.4.1. Starch
  7.4.2. Algae flour
  7.4.3. Soy-based
  7.4.4. Others
Chapter 8. Global Vegan Egg Substitute Market, by Application
8.1. Market Snapshot
8.2. Global Vegan Egg Substitute Market by Application, Performance - Potential Analysis
8.3. Global Vegan Egg Substitute Market Estimates & Forecasts by Application 2019-2029 (USD Million)
8.4. Vegan Egg Substitute Market, Sub Segment Analysis
  8.4.1. Bakery
  8.4.2. Confectionery
  8.4.3. Desserts
  8.4.4. Convenience foods
  8.4.5. Others
Chapter 9. Global Vegan Egg Substitute Market, Regional Analysis
9.1. Vegan Egg Substitute Market, Regional Market Snapshot
9.2. North America Vegan Egg Substitute Market
  9.2.1. U.S. Vegan Egg Substitute Market
    9.2.1.1. Form breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Vegan Egg Substitute Market
9.3. Europe Vegan Egg Substitute Market Snapshot
  9.3.1. U.K. Vegan Egg Substitute Market
  9.3.2. Germany Vegan Egg Substitute Market
  9.3.3. France Vegan Egg Substitute Market
  9.3.4. Spain Vegan Egg Substitute Market
  9.3.5. Italy Vegan Egg Substitute Market
  9.3.6. Rest of Europe Vegan Egg Substitute Market
9.4. Asia-Pacific Vegan Egg Substitute Market Snapshot
  9.4.1. China Vegan Egg Substitute Market
  9.4.2. India Vegan Egg Substitute Market
  9.4.3. Japan Vegan Egg Substitute Market
  9.4.4. Australia Vegan Egg Substitute Market
  9.4.5. South Korea Vegan Egg Substitute Market
  9.4.6. Rest of Asia Pacific Vegan Egg Substitute Market
9.5. Latin America Vegan Egg Substitute Market Snapshot
  9.5.1. Brazil Vegan Egg Substitute Market
  9.5.2. Mexico Vegan Egg Substitute Market
  9.5.3. Rest of Latin America Vegan Egg Substitute Market
9.6. Rest of The World Vegan Egg Substitute Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Glanbia PLC
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Archer Daniel Midland Company
  10.2.3. Cargill Incorporated
  10.2.4. Kerry Group
  10.2.5. Ingredion Incorporation
  10.2.6. Renmatix
  10.2.7. Bob’s Red Mill
  10.2.8. House Foods America Corporation
  10.2.9. Nayosa Foods Inc.
  10.2.10. TIC Gums
Chapter 11. Research Process
11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF FIGURES

FIG 1. Global Vegan Egg Substitute Market, research methodology
FIG 2. Global Vegan Egg Substitute Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Vegan Egg Substitute Market, key trends 2021
FIG 5. Global Vegan Egg Substitute Market, growth prospects 2022-2029
FIG 6. Global Vegan Egg Substitute Market, porters 5 force model
FIG 7. Global Vegan Egg Substitute Market, pest analysis
FIG 8. Global Vegan Egg Substitute Market, value chain analysis
FIG 9. Global Vegan Egg Substitute Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Vegan Egg Substitute Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Vegan Egg Substitute Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Vegan Egg Substitute Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Vegan Egg Substitute Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Vegan Egg Substitute Market, regional snapshot 2019 & 2029
FIG 15. North America Vegan Egg Substitute Market 2019 & 2029 (USD Million)
FIG 16. Europe Vegan Egg Substitute Market 2019 & 2029 (USD Million)
FIG 17. Asia Pacific Vegan Egg Substitute Market 2019 & 2029 (USD Million)
FIG 18. Latin America Vegan Egg Substitute Market 2019 & 2029 (USD Million)
FIG 19. Global Vegan Egg Substitute Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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