Egg replacers market is expected to cross USD 1472.2 million by 2030 at a CAGR of 6.6% during the forecast period 2022-2030.
Egg replacers market is expected to garner a revenue of USD 1472.2 million by 2030 with a CAGR of approximately 6.6% during the forecast period, 2022-2030. Study Objectives of Egg Replacers Market
Market Synopsis of egg replacers Market
An egg replacers are used as a substitutes for fresh eggs in order to reduce or eliminate the cholesterol content found in whole eggs. For liquid Egg Substitutes, some of the additional or replacement ingredients may include soy based products, dairy proteins, starch, and others. Many of the powdered egg replacers are egg-free and are produced from ingredients such as starch, yeast extract, soy flour, wheat gluten, and others that simulates the consistency and essence of eggs.
The rising prices of fresh eggs and increasing consumer awareness about various healthy diet trends are expected to boost the growth of the global egg replacement market during the forecast period. Consumers following vegan diet prefer products comprising plant based natural ingredients due to various health & ethical issues. This factor is estimated to support the egg replacement sales in the global market.
North America dominates the egg replacers market followed by Europe Asia-Pacific is the fastest growing region in the egg replacers market. India and China has shown huge potentials for egg replacers market share during reviewed period of 2022-2030.
Egg replacers market has been segmented on the basis of source of by raw material dairy protein, starch, soy based products, algal flour & yeast extracts, and others. Dairy proteins dominates the market, however soy based products will highest growing segment during the forecast period due rising demand for gluten free and vegan food products,
On the basis of form, market is segmented into powder, liquid and others. Liquid based egg replacers will dominate the market as it is convenient to use in various food processes.
On basis of application, market is segmented by application bakery & confectionery, savories & snacks, sauces & spreads and others. Bakery & confectionery will dominate the market, as there is rise in demand for vegan products.
The global egg replacers market is spread out in throughout region of North America, Europe, China and Asia Pacific. Among these APAC has the major market share followed by North America. Europe is projected to grow at the fastest rate in the coming years owing to increasing demand for natural and plant based food additive. Due to the cheap raw materials & low production costs as well as less stringent regulations Asia-Pacific region is in a better position to produce egg replacers at more competitive prices than developed countries in European and North American region.
The leading market players in the global egg replacers market primarily are Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands)
The Global Egg Replacers market is segmented under the following regions mentioned below
The report for Global Egg Replacers Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions
|Market Size||USD 1472.2 Million|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Raw Material, Application, Form, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands)|
|Key Market Opportunities||Consumers following vegan diet prefer products comprising plant based natural ingredients due to various health & ethical issues|
|Key Market Drivers||Rising prices of fresh eggs, Increasing consumer awareness about various healthy diet trends|
Key players profiled in the egg replacers market include Corbion (Netherlands), E.I. Dupont De Nemours and Company (U.S.), Arla Foods (Denmark), Tate & Lyle PLC (U.K.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), and Puratos (U.S.).
Increase in healthy diet trends and rising cost of fresh eggs are the key factors driving the egg replacers market growth.
Bakery and confectionery will dominate the egg replacers market.
Dairy protein will have a major share in the egg replacers market.
APAC is expected to dominate the egg replacers market.