Plant based eggs are an alternative to conventional eggs. They are not produced from hens but instead are produced by plant-based raw materials such as algae, legumes cereals, and others. They replicate the functionality of conventional eggs. They are being used as an alternative to conventional egg breakfast items such as omelets, scrambled eggs, and others. Moreover, they can also be used in homemade bakery items such as cakes and muffins. They serve the purpose of stabilization, gelation, emulsification, and others. They offer various health benefits such as they are cholesterol-free and allergen-free, and hence are preferred by consumers suffering from health issues related to cholesterol or who suffer from egg allergy. In addition, they offer high food safety as they are made from plant-based raw materials and thus reduce the risk of foodborne illness. Moreover, they are environmentally sustainable.
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The Europe Plant-Based Egg Market is expected to reach USD 3,880,306.20 by 2031 from USD 260,538.35 in 2023, growing with a CAGR of 40.6% in the forecast period of 2024 to 2031.
Key Findings of the Study
- Rising Vegetarian, Vegan, and Flexitarian Population
The shift in dietary preferences is reshaping the dynamics of the food industry, creating a demand for plant-based alternatives. Consumers are actively seeking sustainable and cruelty-free options, as they have become conscious of traditional egg production. There is a growing awareness of the environmental impact and ethical concerns associated with conventional egg production, consumers are turning to plant-based alternatives that offer a guilt-free and sustainable solution.
Health considerations are also playing an important role in steering consumers towards plant-based alternatives. The plant-based egg market benefits from the perception of being a healthier option, with lower cholesterol and saturated fat content. This aligns with the preferences of health-conscious individuals who are increasingly prioritizing plant-derived protein sources.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD
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Segments Covered
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Plant-Based Egg Type (Full Egg, White Egg, and Egg Yolk), Form (Powder, Liquid, and Others), Base Ingredient (Green Pea, Chick Pea, Tofu, and Others), Function (Partial Egg Replacement, Full Egg Replacement, Egg Wash Substitute, and Others), Application (Breakfast Application, Homemade Bakery Applications, and Others), Packaging Type (Bottles, Pouches, Tetra Packs, and Others), Distribution Channel (Store Based Retailer and Non-Store Based Retailer (Online))
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Countries Covered
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France, Russia, Netherlands, U.K., Germany, Italy, Spain, Turkey, Belgium, Switzerland, and Rest of Europe
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Market Players Covered
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Follow Your Heart (California), Alternative Foods (U.S.), Eat Just, Inc. (San Francisco), Crackd (Lebanon), Bonsan (A brand of Windmill Organics) (U.K.), Clearspot (U.K.), Neggst Foods GmbH (Germany), and Ouvegg (Hevo Group) (Canada) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The Europe plant-based egg market is segmented into seven notable segments based on plant-based egg type, form, base ingredients, function, application, packaging type, and distribution channel.
- On the basis of plant-based egg type, the market is segmented into full egg, white egg, and egg yolk
In 2024, the full egg segment is expected to dominate the Europe plant-based egg market
In 2024, the full egg segment is expected to dominate the market with a market share of 96.82% due to growing awareness of the health benefits associated with plant-based diets.
- On the basis of form, the market is segmented into liquid, powder, and others
In 2024, the liquid segment is expected to dominate the Europe plant-based egg market
In 2024, the liquid segment is expected to dominate the market with a 76.58% market share due to increasing awareness of the environmental impact of conventional livestock farming, leading consumers to choose plant-based alternatives.
- On the basis of base ingredient, the market is segmented into green pea, chick pea, tofu, and others. In 2024, the green pea segment is expected to dominate the market with a market share of 42.70%
- On the basis of function, the market is segmented full egg replacement, egg wash substitute, partial egg replacement, and others. In 2024, the full egg replacement segment is expected to dominate with a market share of 76.12%
- On the basis of application, the market is segmented into breakfast application, homemade bakery applications, and others. In 2024, the breakfast application segment is expected to dominate the market with a market share of 79.83%
- On the basis of packaging type, the market is segmented into bottles, pouches, tetra packs and others. In 2024, the bottles segment is expected to dominate the market with a market share of 72.00%
- On the basis of distribution channel, the market is segmented into store based retailer and non-store based retailer (online). In 2024, the store based retailer segment is expected to dominate the market with a market share of 66.64%
Major Players
Data Bridge Market Research analyzes Neggst Foods GmBH (Germany), Alternative Foods (U.S.), Bonsan (U.K.), Clearspot (U.K.), CULTURED FOODS Sp. z o.o., (Poland) as the major players in Europe plant-based egg market.
Market Developments
- In July 2021, Alternative Foods announced the launch of a new range of baked snack bars, including Brownie, Flapjack, Millionaire, and Tiffin bars. All these products use its aquafaba egg alternative in it. It helped the company to meet the increasing demand for plant-based convenience snacks
- In May2021, Crackd expanded its distribution within the U.K. by adding its products to Morrisons, the largest chain of supermarkets in the U.K. The company is also gearing for its international launch by the end of 2021. It helped the company to meet the demand of the customers, which will lead to an increase in its sales
- In December 2020, Crackd launched its 100% vegan liquid egg replacement, The No-Egg Egg, at stores in the U.K. It helped the company to increase its customer base in the U.K. by attracting vegan customers
- In August 2020, Alternative Foods launched the plant-based egg substitute liquid egg alternative in UK supermarkets. It is the first-ever patented product to replace liquid eggs in baking. It helped the company to attract vegan customers
Regional Analysis
Geographically, the countries covered in the Europe plant-based egg market report are France, Russia, Netherlands, U.K., Germany, Italy, Spain, Turkey, Belgium, Switzerland, and Rest of Europe.
As per Data Bridge Market Research analysis:
U.K. is expected to dominate and fastest-growing country in the Europe plant-based egg market
U.K. is expected to dominate and fastest growing country in Europe plant-based egg market due to the increasing consumer awareness and growing awareness of the health benefits.
For more detailed information about the Europe plant-based egg market report, click here – https://www.databridgemarketresearch.com/reports/europe-plant-based-eggs-market
