What is the global market size of Egg Replacement Ingredients Market?

Global Egg Replacement Ingredients Market size was valued at USD 1141.33 million in 2021 and is poised to grow from USD 1202.53 million in 2022 to USD 1817.7 million by 2030, growing at a CAGR of 5.3% in the forecast period (2023-2030).

What is the key driver of Egg Replacement Ingredients Market?

The market is expanding as a result of the widespread desire to adopt a vegan lifestyle. Food manufacturers are concentrating on catering to the widespread demand for egg-free products and vegetarian eating habits. One of the primary reasons for the growth of the market for egg replacement ingredients is the shift in medical and healthcare narratives, as patients with high cholesterol are advised to avoid eating egg yolks. Market expansion is likely to be fueled by the avian influenza egg shortage crisis, rising demand for plant-based ingredients, and rising egg prices.

Global Egg Replacement Ingredients Market Size, Share, Growth Analysis, By Type(Bakery & confectionery, mayonnaise & sauces), By Application(Liquid and powder form), By Form(Plant and Animal) - Industry Forecast 2024-2031

Report ID: SQMIG30C2066 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 86 | Figures: 75

Global Egg Replacement Ingredients Market Dynamics

Egg Replacement Ingredients Market Drivers

Growing number of flexitarian consumers seeking dairy alternatives

The growing demand for plant-based constituents is a global trend, driven by the increasing number of flexitarian customers looking for dairy alternatives. Plant-based proteins are the top high-quality for vegans, and the growth in demand for egg alternatives has led to the application of Potato isolate protein, which suggests similar gel strength to eggs. Manufacturers have also announced soy-based egg auxiliary systems, which are highly hydrophilic, outstanding the water-absorbing properties of eggs. As a result, a smaller quantity of these replacements is needed to achieve the same desired properties, contributing meaningly to the growth of the global Egg Replacement Ingredients market.

limited accessibility of eggs

The limited accessibility of eggs further drives the rapid growth of the global market for egg replacers. Influences like the increasing demand for plant-based ingredients and the raised amounts of eggs are predicted to be key drivers of the egg replacement constituent’s market. These alternates allow for a decrease in egg content without flexible the presence and taste of food products. Various ingredients, such as improved food starch and plant-based milk, are used in the research of these egg substitutes. As consumer favorites shift towards egg replacers, manufacturers have replied by creating diverse egg replacement goods. Global egg producers’ expression many tasks related to egg production, with issues related to management, storage, sustainability, allergen separation, cleaning and pricing. Egg replacement ingredients offer better functionality without the related concerns, presenting a promising opening for egg replacement producers in the future. Moreover, the overview of a wide variety of egg replacement products and vegan replacements, mostly in emerging markets, has the potential to generate considerable profit opportunities for industry players.

Egg Replacement Ingredients Market Restraints

The market expansion is likely to be hampered in large part by the increased cost of the finished product. It is anticipated that the market's propulsion will be slowed during the forecast period due to the fact that the rural population is unaware of such treatments and has very limited access to them.

Global Egg Replacement Ingredients Market Report Snapshots

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Egg Replacement Ingredients Market size was valued at USD 1141.33 million in 2019 and is poised to grow from USD 1202.53 million in 2023 to USD 1817.7 million by 2031, growing at a CAGR of 5.3% in the forecast period (2024-2031).

In the years to come, the market for egg replacement ingredients is expected to grow at a phenomenal rate. The vendors in the global market for ingredients for egg replacement cater to a very specific market. Companies are forced to turn to subordinate methods of revenue generation as a result of this factor, which reduces their share of the market. Despite this, the leading vendors in the global market are seeing an increase in their growth index. 'Ingredion Inc.', 'Cargill, Inc.', 'Archer Daniels Midland Company', 'Ener-G Foods Inc.', 'Glanbia plc', 'Corbion NV', 'Tate & Lyle PLC', 'DuPont de Nemours, Inc.', 'Puratos Group NV', 'Kerry Group plc', 'Koninklijke DSM N.V.', 'Fiberstar, Inc.', 'MGP Ingredients, Inc.', 'DowDuPont Inc.', 'TerraVia Holdings, Inc.', 'The Scoular Company', 'Arla Foods amba', 'Euroduna Food Ingredients GmbH', 'Suedzucker AG'

The market expansion is likely to be hampered in large part by the increased cost of the finished product. It is anticipated that the market's propulsion will be slowed during the forecast period due to the fact that the rural population is unaware of such treatments and has very limited access to them.

The market is expected to grow at a phenomenal rate in the years to come. The majority of people prefer cheese-based products, so restaurant and café menus no longer feature eggs. In addition, cafes that promote healthy eating have begun offering egg-free ingredients to customers who prefer to consume only green products. As a result, the global market for egg replacement ingredients is expected to see an increase in sales. Another important trend that has pushed sales across the global market is the popularity of luxury foods. Additionally, eggless substitute ingredient sales through online retailers have established themselves as a long-lasting trend. E-commerce is being used by a number of department stores and outlets to increase sales of egg replacement ingredients. It is safe to say that the global market is expected to grow in size in the future.

North America is projected to dominate the global egg replacement ingredients market. increasing food and beverage industry demand for plant-based ingredients. Market expansion is driven by the country's adoption of an interpersonal diet and the presence of a food processing sector that is technologically adept. Millions of chickens have been killed as a result of huge losses caused by a highly pathogenic strain of avian influenza, paving the way for the use of egg substitute ingredients. This is the reason that are north America is dominating the market.

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Global Egg Replacement Ingredients Market Size, Share, Growth Analysis, By Type(Bakery & confectionery, mayonnaise & sauces), By Application(Liquid and powder form), By Form(Plant and Animal) - Industry Forecast 2024-2031

Global Egg Replacement Ingredients Market Dynamics

Global Egg Replacement Ingredients Market Report Snapshots

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What is the global market size of Egg Replacement Ingredients Market?

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