Eat Just, the innovative food technology company based in California, is set to introduce its popular vegan egg product, Just Egg, to the European market. This development follows a newly established distribution agreement with Vegan Food Group (VFG), which is investing £11.5 million (approximately $15.2 million) to enhance production capabilities at its facilities in Europe.

The deal marks a significant milestone for Just Egg, a mung bean-based egg alternative that has been making waves in the United States amidst a prevailing egg crisis that has driven prices to an all-time high. Just Egg is expected to begin production at VFG’s facility in Lüneburg, Germany – noted as the largest dedicated plant-based factory in Europe – by late 2025. The investment will facilitate the establishment of a fully automated production line and boost efficiency across VFG’s operations in the UK and Germany.

Josh Tetrick, co-founder and CEO of Eat Just, expressed optimism regarding the European market, stating, “European consumers clearly desire innovative, sustainable food options, and collaborating with VFG is key to meeting that demand effectively,” as reported by the Grocer. “This investment in the Lüneburg facility represents a crucial step towards making high-quality plant-based egg alternatives widely accessible to our global audience.”

The journey for Just Egg to reach Europe has been protracted. Despite agreeing on a manufacturing and distribution deal with Italian egg supplier Eurovo in 2018, initial plans to launch by the end of 2019 were stalled pending novel food regulatory approvals from the European Food Safety Authority. In October 2021, the product was deemed safe, followed by approval from the European Commission in April 2022.

VFG was established in early 2024 with the ambition of becoming a leading player in the vegan food sector, akin to Unilever. This company also oversees various brands, including VFC and Meatless Farm. The partnership with Eat Just will enable VFG not only to expand its product line but also to enhance automation and product quality while reducing waste.

The announcement of Just Egg’s European debut comes at a time when its sales in the US have surged, attributed primarily to the ongoing avian flu crisis that has led to the culling of over 167 million birds and a significant rise in egg prices, which peaked at $6.23 per dozen in March 2023. In light of the empty shelves in many stores, Tetrick explained that consumers face limited options: “One, don’t eat them. Two, you know, have applesauce. Or three, have Just Egg.”

Just Egg has successfully captured the market for vegan egg alternatives in the US, having sold the equivalent of 500 million chicken eggs. The product’s appeal extends beyond the vegan demographic, with a substantial portion of consumers being neither vegan nor vegetarian. In January 2023, sales reportedly grew five times faster than the previous year, with 91% of shoppers adding Just Egg to their baskets.

VFG’s CEO, Dave Sparrow, acknowledged the partnership with Eat Just as a pivotal moment for the plant-based food sector in Europe, stating, “Our partnership with Eat Just marks a significant milestone, aligning perfectly with our ambition to transform plant-based food across Europe.”

As clock ticks toward 2025, the demand for Just Egg may align with broader market trends. In Europe, egg prices have also surged, reaching their highest levels in a decade at €268.5 (around $292) per 100kg last month, as consumers increasingly seek affordable sources of protein. Market analysts predict that the plant-based egg sector in Europe will grow by 40% annually, projected to reach $3.88 billion by 2031.

Despite potential competition from other brands like Crackd, Perfeggt, and Vegge, VFG remains optimistic about Just Egg’s prospects. Sparrow contended, “There are other egg replacements on the market, but quality-wise, there’s nothing that can stack up against Eat Just.”

While the path forward looks promising for Eat Just and VFG, the plant-based food industry faces challenges, as highlighted by failed products from other brands. Nonetheless, the early developments suggest a potential shift in the European food landscape, laying the groundwork for increased plant-based offerings in the coming years.

Source: Noah Wire Services