Egg Replacers Market Key Players, Growth Rate And Forecast To 2033

Overview and Scope

The egg replacer refers to a commercial product designed specifically to replace eggs in baking or is also defined as an ingredient or combination of ingredients that work to mimic the action of eggs in a recipe. The egg replacers commonly cater to those customers who have an allergy to egg products.

 

Sizing and Forecast

The egg replacers market size has grown strongly in recent years. It will grow from $1.37 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the historic period can be attributed to rising egg prices, growing consumer concerns, egg shortages and supply chain disruptions, dietary restrictions and allergies, sustainable and ethical consumption, functional properties of egg replacers, demand for allergen-free products, consumer education on egg replacers.

 

The egg replacers market size is expected to see strong growth in the next few years. It will grow to $1.95 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%.  The growth in the forecast period can be attributed to expansion of plant-based diets, continued rise in veganism, advancements in protein alternatives, economic considerations in food production, expansion of convenience foods, demand for egg-free baking, enhanced flavor and texture mimicry. Major trends in the forecast period include technological innovations, clean label ingredients, technological advancements in food science, collaboration with culinary experts, digital marketing and e-commerce.

 

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Segmentation & Regional Insights

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

 

North America was the largest region in the egg replacers market in 2023. 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.

 

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Major Driver Impacting Market Growth

Increasing adoption of a vegan diet in developed economies is expected to propel the growth of the egg replacers market going forward. A vegan diet consists of plants (such as vegetables, grains, nuts, and fruits) and plant-based foods. A vegan diet is increasing mainly due to the health benefits contributing to healthy lifestyles. Egg replacers often include plant-based ingredients that offer health benefits and serve the needs of people on vegan diets. For instance, according to an online survey published in March 2022 covering 930 Americans, as of January 2022, approximately 10% of Americans over the age of 18 consider themselves vegan or vegetarian as they say they do not eat meat. Similarly, additional sources suggest that the number of Americans preferring plant-based diets is increasing. Therefore, the increasing adoption of a vegan diet in developed economies will drive the growth of the egg replacers market.

 

Key Industry Players

Major companies operating in the egg replacers market report are 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

 

The egg replacers market report table of contents includes:

1. Executive Summary
2. Egg Replacers Market Characteristics
3. Egg Replacers Market Trends And Strategies
4. Egg Replacers Market – Macro Economic Scenario
5. Global Egg Replacers Market Size and Growth
6. Egg Replacers Market Segmentation
7. Egg Replacers Market Regional And Country Analysis

……………..

33. Key Mergers And Acquisitions In The Egg Replacers Market
34. Egg Replacers Market Future Outlook and Potential Analysis
35. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Egg Replacers Market, Segmentation By Ingredients, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Egg Replacers Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Egg Replacers Market, Segmentation By Source, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 76: Cargill Incorporated Financial Performance

Table 77: Archer Daniels Midland Company Financial Performance

Table 78: Arla Foods Ingredients Group P/S Financial Performance

Table 79: DuPont de Nemours Inc. Financial Performance

Table 80: Kerry Group plc Financial Performances

 

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