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).

Who are the key vendors in the Egg Replacement Ingredients Market?

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 Incorporated ', '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'.

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.

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 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.

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 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 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 market for egg replacement ingredients is expected to see an increase in sales. Another important trend that has pushed sales across the 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 market is expected to grow in size in the future.

North America is projected to dominate the 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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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

Egg Replacement Ingredients Market Regional Insights

Egg Replacement Ingredients Market Report Snapshots

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What is the market size of Egg Replacement Ingredients Market?

Who are the key vendors in the Egg Replacement Ingredients Market?

What is the key driver of Egg Replacement Ingredients Market?

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Which region accounted for the largest share in Egg Replacement Ingredients Market?

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