���Sorry! There���s an egg shortage and we are not immune,��� said a sign in my local . It was placed inside the refrigerator that once held organic eggs, large eggs, duck eggs and quail eggs. It was empty.
An outbreak of avian influenza (or ���bird flu,��� as you might have heard it be called) , leading to a rapid depopulation of hens who could lay eggs and the rising cost of your favorite breakfast.
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But you know what can���t get avian influenza? Plant-based eggs.
Cracking the code on plant-based eggs
Vegan eggs have come a long way. In 2011, startup received its first $2 million in funding for what became its flagship egg replacement product made of mung bean protein. Just Egg, as the product is called, cooks up similarly to fluffy, diner-style scrambled eggs and the company flocked to a billion-dollar valuation.
Since then, several other startups have hatched plans to bring a variety of plant-based eggs to the market. There are hard-boiled egg lookalikes, courtesy of Switzerland-based and Texas-based . Singapore-based unveiled a vegan ���raw egg��� ��� a viscous ���yolk��� suspended in a watery pool of ���white��� that cooks up like a fried egg.
But there���s a pecking order in the plant-based food market, and eggs are at the bottom. There are barely a dozen startups creating egg substitutes, according to 蹤獲弝け data. At its peak in 2021, funding to the sector was a mere $208.7 million. For comparison, investors spent more than $2 billion on the meat substitute industry that same year.
And deal counts have naturally increased.
Will plant-based eggs poach the market? Probably not. Plant-based eggs, like most plant-based food, are suffering from the same supply chain and cost problems that currently plague the chicken egg industry.
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