Global Egg Replacer Market By Overview
Ingredients used as a substitute for eggs in cooking or baking are known as egg replacers. An egg replacers are used as a substitutes for fresh eggs in order to reduce or eliminate the cholesterol content found in whole eggs. Soy based products; dairy proteins, starch, and other are some of the additional ingredients may replace liquid egg substitutes. Various types of food products are used as substitute for eggs in commercial and homemade applications such as banana, tofu, china seeds, chickpea powder, etc. Egg substitutes are also used to replace nutritional and functional properties of eggs. Ingredients such as starch, yeast extract, soy flour, wheat gluten, and others are used to produce powdered egg replacers that simulate the consistency and essence of eggs.
The growth of the egg replacement market during the forecast period is based upon the rising prices of fresh eggs and increasing consumer awareness about various healthy diet trends. Increasing in number of individuals with egg allergies and increasing vegan population are major factors driving growth of the global egg replacers market. Increasing demand for vegetarian and vegan products, due to growing adoption of healthy food habits among consumers are also key factors fueling growth of the global market. Egg replacers provide same nutritional content as eggs. These factors are projected to support the egg replacement sales in the global market. However, egg replacers do not provide the exact same taste as egg which is the factor that may affect growth of the global market. As vegan food may not provide that taste and nutritional value to customers, Demand of eggs and egg-based food products may hamper growth of the global egg replacers market.
Egg replacement market is segmented into ingredients, application, form, source, and region.
On the basis of ingredients, the market is classified into dairy protein, starch, algae flour, soy based products. The dairy product is consumed more by costumers than other products. On the basis of application, the market is divided into Sauces, Bakery and Confectioneries, Dressings and Spreads, Dairy Products, and Others. Bakery and confectioneries are use egg replacer ingredients in their day to day life as a domain food for making of bakery products. On the basis of from, the market is divided into solid and liquid and by source; the target market is divided into plant and animal. Mainly animal source food is consumed by the customers.
On the basis of region, egg replacer market has been segmented in to North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Due to presence of technologically advanced food processing industry and growing adoption of vegan diet among individuals, North America accounts for major share in terms of revenue. Market in Europe is expected to account for second-highest share in terms of revenue in the coming year. In terms of revenue, Asia Pacific market expected to witness fastest growth over the forecast period followed by Latin America, and Middle East and Africa.
Global Egg Replacer Market By Competitive Landscape & Key Players
The key players in the egg replacement ingredients market includes Archer Daniels Midland Company, Cargill Inc., MGP Ingredients, Nestlé S.A. limited, Corbion Group, E.I. Dupont, Ener-G Foods, Incorp, Fiberstar, Incorp, Florida Food Products LLC limited, Glanbia PLC limited, Ingredion Incorporated, Eden Foods, Inc., Organic Valley limited, and American Soy Products Inc.
FAQs
Egg Replacer Market accounted for US$ 1,283.0 million in 2020 and is estimated to be US$ 2,132.4 million by 2030 and is anticipated to register a CAGR of 6.60%.
Egg Replacer Market is segmented based on Ingredients, Application, Form, Source and Region.
The Egg Replacer Market is driven by factors such as the increasing demand for plant-based and allergen-free products, the rise of vegan and vegetarian diets, growing awareness of egg-related allergies, and the need for sustainable and cruelty-free alternatives in the food industry.
The need for egg replacers to mimic the taste and texture of eggs, potential variations in performance across different applications, competition with conventional eggs, and potential consumer resistance to taste differences, acting as potential restraints for the Egg Replacer Market globally.
North America, Europe, Asia-Pacific, and Latin America. North America is expected to dominate the Egg Replacer Market, driven by the increasing adoption of plant-based diets and the demand for allergen-free products. Europe is also a significant market with a strong focus on vegan and vegetarian lifestyles. Asia-Pacific may witness substantial growth as consumer awareness of plant-based alternatives rises in the region.
The prominent players operating in the Global Egg Replacer Market include Archer Daniels Midland Company, Cargill Inc., MGP Ingredients, Nestlé S.A. limited, Corbion Group, E.I. Dupont, Ener-G Foods, Incorp, Fiberstar, Incorp, Florida Food Products LLC limited, Glanbia PLC limited, Ingredion Incorporated, Eden Foods, Inc., Organic Valley limited, and American Soy Products Inc.