What Has Been The Historical And Current Growth Of The Egg Replacers Market?
The egg replacers market has seen considerable growth due to a variety of factors.
• The market for egg substitutes has seen robust growth recently. It is projected to expand from $1.46 billion in 2024 to $1.56 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%. The surge in the previous period can be credited to factors such as increasing egg prices, consumer worries, scarcity of eggs and supply chain interruptions, dietary limitations and allergies, conscious and ethical consumption choices, the functional characteristics of egg substitutes, the demand for allergen-free items, and customer awareness on egg substitutes.
What Is The Forecast For The Egg Replacers Market Size Evolve over the Forecast Period?
The Egg Replacers market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations point to significant growth in the egg replacers market in the coming years, with an anticipated market worth of $2.11 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.9%.
Factors fueling this growth within the projected period include a growing interest in plant-based diets, the ongoing increase in veganism, developments in protein substitutes, economic aspects of food production, the proliferation of convenience foods, a rising demand for eggless baking, and improvements in flavor and texture imitation. The period is also set to witness a surge in trends such as technological innovations, the use of clean label ingredients, progress in food science technology, partnerships with culinary experts, and a propensity for digital marketing and e-commerce.
What Are The Essential Drivers Behind The Growth Of The Egg Replacers Market?
The surge in veganism in advanced economies is set to stimulate expansion in the egg replacers market. Composed of vegetation, such as grains, fruits, nuts, and vegetables, a vegan diet is on the rise, owing mostly to the health advantages it offers, facilitating a healthy way of life. Egg substitutes commonly contain plant-based elements that have health benefits and can cater to individuals embracing veganism. For instance, a recent study published online in March 2022, involving 930 Americans revealed that nearly 10% of Americans age 18 and above identify as vegan or vegetarian, claiming not to consume meat. Coherently, other data sources suggest a rising trend in Americans opting for plant-based meals. Hence, this uptrend in the embracement of a vegan diet in mature economies will fuel the egg replacers market's progress.
How Is The Global Egg Replacers Market Divided Into Key Segments?
The egg replacers market covered in this report is segmented –
1) By Ingredients: Dairy Proteins, Starch, Algal Flour, Soy-Based Products, Other Ingredients
2) By Form: Dry, Liquid
3) By Source: Plant-Based, Animal-Based
4) By Distribution Channel: Supermarkets, Convenience Stores, Online Platforms, Retail Stores
5) By Application: Bakery And Confectionery, Savories, Sauces, Dressings And Spreads, Other Applications
Subsegments:
1) By Dairy Proteins: Whey Protein, Casein
2) By Starch: Corn Starch, Potato Starch, Tapioca Starch
3) By Algal Flour: Spirulina, Chlorella
4) By Soy-Based Products: Soy Protein Isolate, Soy Flour
5) By Other Ingredients: Fruit Purées, Flaxseed Meal, Aquafaba
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What Trends Are Reshaping The Future Of The Egg Replacers Market?
Innovations in products is a top trend gaining traction in the egg replacer market. Key players in this industry are coming up with imaginative egg substitutes that utilize new ingredients and possess broad uses, such as clean-label alternative eggs, organic items, and unique elements, in order to retain their market standing. For instance, in February 2022, Germany's Plant B, a manufacturer of healthy, plant-based frozen foods, revealed the introduction of the only lupin-based liquid egg product in the world. This inventive vegan alternative to eggs is crafted from sweet lupins, a high-quality nutritional source. To resemble traditional eggs laid by chickens, the company replicated their functionality and structure, while also reducing the calorie count by 50%. The product will be retail as a fresh, ready-to-cook item.
Who Are the Key Players In The Egg Replacers Market?
Major companies operating in the egg replacers market include:
• Cargill Incorporated
• Archer Daniels Midland Company
• Arla Foods Ingredients Group P/S
• DuPont de Nemours Inc.
• Kerry Group plc.
• Ingredion Inc.
• Glanbia Plc.
• Tate & Lyle Plc.
• Puratos corporation
• MGP Ingredients Inc.
• Fiberstar Inc.
• Florida Food Products LLC
• All American Foods Inc.
• Orgran Health & Nutrition
• Ener-G Foods
• Wacker Chemie AG
• E.I. du Pont de Nemours and Company
• Follow Your Heart
• Hampton Creek Foods Inc.
• Terra Vegane
• The Neat Company
• Bob's Red Mill Natural Foods Inc.
• Dr. Oetker GmbH
• Pinnacle Foods Group LLC
• Hodgson Mill Inc.
• Edward & Sons Trading Co. Inc.
• Namaste Foods LLC
• Enjoy Life Foods
• Daiya Foods Inc.
• KMC Ingredients
What Are The Regional Insights Into The Egg Replacers Market?
North America was the largest region in the egg replacers market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the egg replacers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
