PUBLISHER: KBV Research | PRODUCT CODE: 1483643
PUBLISHER: KBV Research | PRODUCT CODE: 1483643
The Europe Egg Substitutes Market would witness market growth of 16.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Egg Substitutes Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $268.4 million by 2031. The UK market is exhibiting a CAGR of 15.1% during (2024 - 2031). Additionally, The France market would experience a CAGR of 16.9% during (2024 - 2031).
Advancements in food science, technology, and ingredient innovation have played a pivotal role in driving the growth and diversification of the market. Manufacturers continuously research and develop new formulations, processing techniques, and functional ingredients to enhance egg substitutes' taste, texture, nutritional profile, and cooking performance.
Additionally, in developed economies like Europe, increasing health consciousness and concerns about cholesterol levels have fueled the demand for these substitutes. Products like liquid egg whites, powdered egg replacers, and vegan mayonnaise are gaining popularity as consumers seek healthier and more sustainable alternatives to traditional eggs. Companies like Just Egg and Follow Your Heart have capitalized on this trend by offering innovative plant-based substitutes.
France has witnessed the emergence of numerous vegan restaurants and cafes across major cities. Paris, in particular, has seen the growth of vegan eateries like Gentle Gourmet, Le Potager du Marais, and Hank Vegan Burger, offering diverse plant-based menus. These establishments showcase the evolution of vegan cuisine, featuring creative and sophisticated dishes that appeal to vegans and non-vegans. Thus, the rising trend of veganism and the expansion of food retail and service sectors in various European nations will bolster the increasing demand for egg substitutes in the region.
Based on Form, the market is segmented into Dry, and Liquid. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Convenience Stores, and Online Stores. Based on Application, the market is segmented into Bakery & Confectionery, Dressings & Spreads, Savories, and Sauces. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
Europe Egg Substitutes Market Report Segmentation
By Form
By Distribution Channel
By Application
By Country