USD 1141.33 million
Egg Replacement Ingredients Market Size, Share, Growth Analysis, By Type(Bakery & confectionery, mayonnaise & sauces, and others), By Application(Liquid and powder form), By Form(Plant and Animal), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2066 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
86
|Figures:
75
Egg Replacement Ingredients Market Insights
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).
Due to consumers' growing awareness of the importance of preventative healthcare and rising egg prices, the market has experienced unprecedented expansion over the past few years. Due to the fact that the egg substitute ingredients in food do not affect the taste or final appearance of products made with egg substitutes, it is anticipated to gain traction quickly during the study period. The widespread use of egg replacement ingredients in baked goods like ice cream, cakes, mayonnaise, chocolates, and other baked goods will increase the market share of vegan egg replacement ingredients. Due to a wide range of applications, including egg replacements for pancakes, egg replacements for cookies, and baking, the market is expected to grow steadily. Because of these concerns about eggs, there is now a whole new category of egg ingredients devoted to finding egg substitutes that are both useful and affordable. The finished food product's quality and cost savings are just two of the many advantages of these ingredients. Better health opportunities may be available to consumers thanks to the ingredients in egg substitutes. It can also be a healthy alternative for vegans and other individuals with special dietary restrictions or ethical concerns.
US Egg Replacement Ingredients Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
powder form
Fastest Growth
powder form
Growth Rate
5.3% CAGR
Global Egg Replacement Ingredients Market, 2021-2028 ($ mn)
Country Share for North America Region- 2021 (%)
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Egg Replacement Ingredients Market Segmental Analysis
Global Egg replacement ingredients market is segmented on the basis of Type, Application, Form, Source, and region. Whereas, By type, Egg Replacement Ingredients Market is sub segmented into the dairy protein, starch, algae flour, soy-based products, and others. By Application, Egg Replacement Ingredients Market is sub segmented into the bakery & confectionery, mayonnaise & sauces, and others. By Form, Egg Replacement Ingredients Market is sub segmented into the liquid and powder form. By Source, Egg Replacement Ingredients Market is sub segmented into the plant and Animal. By region, the Egg Replacement Ingredients Market is segmented on the basis of North America, Europe, South America, Asia Pacific, and Middle East and Africa.
Egg Replacement Ingredients Market Analysis By Type
Based on the type, in the year 2021, the starch segment held 39.6% of the total market share. Due to the high cost of eggs, many bakers are using starch as a replacement. Numerous businesses are creating new starch products for the market in response to the rising demand for starch as an ingredient in egg substitutes.
Egg Replacement Ingredients Market Analysis by Form
On the basis of form, due to its ease of mixing with bakery dough and other products as well as its long shelf life, the powder segment is anticipated to expand at the highest CAGR of 6.8% over the forecast period. These egg replacement ingredient powders are safe for people with egg allergies and suitable for people who do not consume eggs, in contrast to liquid egg substitutes that are made with eggs.
Global Egg Replacement Ingredients Market By form type, 2021 (%)
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Egg Replacement Ingredients Market Regional Insights
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.
Europe is projected to have the second-largest revenue share in the global egg replacement ingredients market. The U.K is anticipated to slate a substantial share. Consumption of non-dry diets is rising, as is consumer interest in nutritional diets. The need for these ingredients in Europe is significantly influenced by the high demand for foods that are low in calories and fat.
Global Egg Replacement Ingredients Market By Geography, 2021-2028
- Largest
- Fastest
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Egg Replacement Ingredients Market Dynamics
Egg Replacement Ingredients Market Drivers
Growing number of flexitarian consumers seeking dairy alternatives
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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
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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.
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Egg Replacement Ingredients Market Competitive Landscape
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.
Egg Replacement Ingredients Market Top Player’s Company Profile
- 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
Egg Replacement Ingredients Market Recent Developments
-
In June 2023, DuPont announced the launch of its new egg replacement ingredient, Supro 520E. This ingredient is made from pea protein and is said to have excellent whipping and foaming properties, making it ideal for use in bakery products.
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In May 2023, ADM announced the launch of its new egg replacement ingredient, ProtaSoy. This ingredient is made from soy protein and is said to be a versatile ingredient that can be used in a variety of food applications.
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In April 2023, Ingredion announced the launch of its new egg replacement ingredient, Ingredea 800P. This ingredient is made from modified potato starch and is said to have excellent binding and emulsifying properties, making it ideal for use in sauces and dressings.
Egg Replacement Ingredients Key Market Trends
- 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.
Egg Replacement Ingredients Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
According to our global egg replacement ingredients market analysis, on the basis of form, the powder segment is anticipated to expand at the highest CAGR of 6.8% over the forecast period. North America is projected to dominate the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1141.33 million |
| Market size value in 2031 | USD 1817.7 million |
| Growth Rate | 5.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Egg Replacement Ingredients Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Egg Replacement Ingredients Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Egg Replacement Ingredients Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Egg Replacement Ingredients Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Egg Replacement Ingredients Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Egg Replacement Ingredients Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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