The Europe plant-based egg market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 75.5% in the forecast period of 2021 to 2028 and is expected to reach USD 1,990.97 million by 2028.
Market Analysis and Insights: Europe Plant-Based Egg Market
· The Europe plant-based egg market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 75.5% in the forecast period of 2021 to 2028 and is expected to reach USD 1,990.97 million by 2028.
· Rising demand for plant-based and vegan food products coupled with increased awareness regarding the health benefits of plant-based eggs is expected to acts as a driver for the plant-based egg market growth.
· The plant-based egg is 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. The plant-based eggs 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.
· Plant-based eggs offer various health benefits such as are cholesterol-free, allergen-free, and hence, are opted by the consumers suffering from health issues related to cholesterol or who suffer from egg allergy. Additionally, plant-based eggs offer high food safety as they are made from plant-based raw material and thus reduces the risk of food-borne illness.
· In addition, the change in lifestyle, eating habits of consumers, and the increase in demand for plant-based food are expected to create huge opportunities for the Europe plant-based egg market.
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Plant-Based Egg Market Scope and Market Size
The plant-based egg market is segmented on the basis of plant-based egg type, form, base ingredient, function, application, packaging type, and distribution channel.
ü On the basis of plant-based egg type, the Europe plant-based egg market is segmented into a full egg, white egg, and egg yolk.
ü On the basis of form, the Europe plant-based egg market is segmented into powder, liquid, and others.
ü On the basis of the base ingredient, the Europe plant-based egg market is segmented into algal flour, wheat flour, soy flour, chia seeds, garbanzo beans, starch, mung beans, pea, and others. The starch segment is further sub-segmented into potato starch, tapioca starch, arrowroot starch, and others
ü On the basis of function, the Europe plant-based egg market is segmented into partial egg replacement, full egg replacement, egg wash substitute, and others.
ü On the basis of application, the Europe plant-based egg market is segmented into breakfast applications, homemade bakery applications, and others. The breakfast application is further sub-segmented into folded egg, egg bites, egg scrambles, omelets, and others.
ü On the basis of packaging type, the Europe plant-based egg market is segmented into bottles, pouches, tetra packs, and others.
ü On the basis of distribution channel, the Europe plant-based egg market is segmented into store-based retailer and non-store based retailer (online).
Plant-Based Egg Market Country Level Analysis
The plant-based egg market is analyzed, and market size information is provided by the country, plant-based egg type, form, base ingredient, function, application, packaging type, and distribution channel as referenced above.
The countries covered in the plant-based egg market report are France, Russia, Netherlands, U.K., Germany, Italy, Spain, Turkey, Belgium, Switzerland, the rest of Europe. France is expected to dominate the Europe plant-based egg market in the forecast period due to growing awareness of the health benefits of plant-based food products and an increasing number of health-conscious consumers.
Competitive Landscape and Plant-Based Egg Market Share Analysis
In July, 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 has helped the company to meet the increasing demand for plant-based convenience snacks
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In May, 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 will help the company to meet the demand of the customers, which will lead to an increase in its sales
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MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Europe Plant-Based Egg Market by Product & Procedure type
Get TOC Details https://www.databridgemarketresearch.com/toc/?dbmr=europe-plant-based-eggs-market
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