The Egg Replacers Market Size was valued at USD 1.1 billion in 2022. The Egg Replacers market is projected to grow from USD 1.17 Billion in 2023 to USD 1.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.60% during the forecast period (2023 - 2032). Escalating costs for fresh eggs, rising vegan numbers and rising consumer knowledge of different healthy eating trends are the key market drivers enhancing the egg replacers market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The growing demand for vegetarian and vegan goods is also a significant component in fostering the growth of the worldwide Egg Replacers market as consumers embrace healthier eating habits. Vegans favor increased rates of avian flu among people. The expansion of the egg replacement food industry is anticipated to prosper if you can alter your eating habits at a reasonable cost and purchase a selection of vegetarian food items. One of the primary factors driving the   Egg Replacers market for nutritious alternatives to dairy, gluten, and non-vegetarian goods is the growing use of plant-based components due to their nutritional advantages. In the last ten years, there have been significant changes in food preferences. Vegan cuisine is becoming more and more in demand from consumers all around the world. Customers like plant foods as non-vegetarian meals' health issues worsen. Ingredients widely available from plant-based food chains and have comparable nutritional advantages can be used instead of eggs. The Egg Replacers market is becoming more susceptible due to the excess and issues with the supply chain, which is prompting an increase in the consumption of egg alternatives. The supply chain and economic issues associated with the egg substitute are resolved, allowing customers to consume these items. Egg substitute substances are similar to eggs in advantages; However, they lack the flavor of eggs. Thus, this factor is driving the egg replacers market CAGR.
The market for Egg Replacers is anticipated to expand quickly over the next several years as a result of the limited supply of eggs. Other factors that are anticipated to propel the worldwide market for egg replacement components during the forecast period include the rising demand for vegetable ingredients and high egg costs. Ingredients for egg replacements encourage a reduction in egg content without changing the look or flavor of food. These egg alternatives use various components, including milk and modified food starch. Manufacturers started to make egg substitutes as customers tastes for egg replacers altered. Thus, this aspect is anticipated to accelerate Egg Replacers' market revenue.
Based on Raw Material, the   Egg Replacers market segmentation includes Dairy Protein, Starch, Soy Based Products, Algal Flour & Yeast Extracts, and Others. The Dairy Protein segment dominated the market, accounting for 35% of Egg Replacers market revenue. Due to the high nutritional value and egg-like qualities of milk protein, the dairy protein market sector commands a sizable market share. The rising usage of milk proteins as emulsifiers, binders, and leavening agents in a variety of bakery, sauce, and dressing applications has raised demand in recent years, which is the driver driving the market expansion of Egg Replacers.
Figure 1: Â Â Egg Replacers Market, by Distribution Channel, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Based on Application, the   Egg Replacers market segmentation includes Bakery & Confectionery, Savories & Snacks, Sauces & Spreads and Others. The Sauces & Spreads category generated the most income (70.4%). Due to its superior emulsification and essential qualities, the sauces, dressings, and spreads segment commands a sizable market share. It has a wide range of applications, which drives the Egg Replacers market's expansion.
Based on Form, the   Egg Replacers industry has been segmented into Powder, Liquid, and Others. Liquid held the largest segment share in 2022. Egg substitutes with a liquid foundation will rule the market since they are simple to utilize in many food-related procedures. Since liquid Egg Replacers are so convenient to use in many food-related processes, they will dominate the market.
By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific Egg Replacers market accounted for USD billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Due to rising egg allergies among consumers, the egg replacer industry is predicted to rise strongly in Asia Pacific. The egg replacer market in this area will be driven by the rising use of dairy proteins as an egg substitute in the baking sector. Moreover, the China Egg Replacers market held the largest market share, and the India Egg Replacers market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: EGG REPLACERS MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rapidly expanding vegetarian population in the North America Egg Replacers market is predicted to propel the market for egg substitutes at a fast rate. In industrialized nations, people are increasingly aware of and concerned about the product's nutritional value. The high cholesterol content of eggs might make them less popular in this area; therefore, substituting plant-based products for eggs can draw in consumers concerned about their health.
The Europe Egg Replacers market is anticipated to be the fastest growing region. The desire for low-calorie or low-fat cuisine greatly influences the requirement for the egg replacer business in Europe. For instance, the U.K. company Ulrick and Short introduced Ovaprox V, an egg substitute for vegan baking. Throughout the projection period, demand in the U.K. egg alternatives market is expected to grow steadily. Throughout the projection period, sales of egg replacements are expected to grow at a 6.5% CAGR in Europe. New regulations about animal welfare are being implemented by several governmental entities in the U.K. Following the law's implementation, the price of eggs increased significantly, which caused food producers to turn to egg substitutes. Further, the Germany Egg Replacers market held the largest market share, and the U.K. Egg Replacers market was the fastest-growing market in the European Region.
Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for Egg Replacers products. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their worldwide presence. The Egg Replacers industry must offer products at reasonable prices if it is to grow and thrive in a more cutthroat and competitive environment.
One of the primary business strategies manufacturers employ in the worldwide Egg Replacers industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The Egg Replacers industry has recently provided some of medicine's most important benefits. Major players in the Egg Replacers market, including Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands), and others, are attempting to increase market demand by investing in research and development operations.
To provide solutions for the food, beverage, dietary supplement, and pharmaceutical industries, DuPont Nutrition handstamp; Biosciences employs specialist science. DuPont Nutrition & Biosciences, one of the most well-known and prominent businesses involved in the supply of various goods to various sectors, announced the release of their new product in June 2019 under the name "Grinsted Plant-Tex." The product, an egg white substitute, may be utilized by vegans and people who eat meat in burger patties, prepared sausages, and cold cuts.
A single-cell microbe known as Euglena gracilis is used by Noblegen, an advanced digital biology business, to create novel protein, carbohydrate, and oil constituents. Since its founding in 2013, Noblegen has worked to make healthy, sustainably produced products more widely available. The business presently has approximately 40 employees working out of its Peterborough, Ontario, location. Plant-Based Whole Egg Powder was introduced in January 2020 by Noblegen Inc. under the Eunite brand.
Key Companies in the Egg Replacers market include
Egg Replacers Industry Developments
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1.1 billion |
| Market Size 2023 | USD 1.17 billion. |
| Market Size 2032 | USD 1.95 billion |
| Compound Annual Growth Rate (CAGR) | 6.60% (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Raw Material, Application, Form and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands) |
| Key Market Opportunities | Consumers following a vegan diet prefer products comprising plant-based natural ingredients due to various health & ethical issues. |
| Key Market Dynamics | Rising prices of fresh eggs, Increasing consumer awareness about various healthy diet trends |
Frequently Asked Questions (FAQ) :
The   Egg Replacers market size was valued at USD 1.1 Billion in 2022.
The   Egg Replacers market is projected to grow at a CAGR of 6.60% during the forecast period, 2023-2032.
North America had the largest share in the Egg Replacers market.
The key players in the Egg Replacers market are Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands).
The Dairy Protein Egg Replacers category dominated the market in 2022.
The Bakery & Confectionery had the largest share in the Egg Replacers market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
