Asia Pacific Egg Replacers Market

Asia Pacific Egg Replacers Market Size (2024 to 2032)

Asia Pacific Egg Replacers Market size is worth USD 0.37 billion in 2024 and estimated to grow at a CAGR of 6.76%, to reach USD 0.62 billion by 2032. The Asia Pacific Egg Replacers market is developing at an exceptionally quick pace.

Egg replacers help in the replacing or reducing egg content in foods without changing the taste and look of the final item. These ingredients have extensive use in variety products like cakes, muffins, mayonnaise, chocolates, custard, ice-cream, and cookies etc. Most of these products are without any animal products, and hence are vegan and contain no cholesterol. There are also homemade substitutes like tofu, a variety of fruits, potato starch, mashed potato, baking powder, ground seeds, agar powder, chickpea flour etc.

Market Drivers

The significant driver is rising consumer awareness towards preventative healthcare and an inclination towards products with low cholesterol levels. Also change in lifestyles and rise in awareness of consumers regarding healthy eating habits, increase in adoption of a vegan diet, and avian flu outbreak developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry.

Segmental Analysis

Asia Pacific Egg Replacers Market By Application

• Bakery & confectionery
• Savories
• Sauces
• Dressings & spreads
• Others

The bakery & confectionery segment is estimated to dominate the egg replacers market during forecast

Asia Pacific Egg Replacers Market By Ingredients

• Dairy proteins
• Starch
• Algal flour
• Soy-based products
• Others

Dairy protein is estimated to be the largest segment in egg replacers market during forecast

Asia Pacific Egg Replacers Market By Source

• Plant
• Animal

Asia Pacific Egg Replacers Market By Form

• Dry
• Liquid

Dry egg replacers accounted for the largest market share in 2016.

Asia Pacific Egg Replacers Market By Region

• China
• India
• Japan
• South Korea
• Taiwan
• Australia
• South East Asia

China and India are boost to increase the market because of huge population. Also Asia Pacific is largest growing segment owing to increasing instances of diabetes and cardiovascular diseases and growing demand for low fat and low cholesterol food products.

Key Players in the Market

Major key players in the Asia Pacific Egg Replacers Market are Archer Daniels Midland Company (U.S.), Glanbia Plc (Ireland), Kerry Group (Ireland), Cargill (U.S.), Ingredion Incorporated (U.S.), and Corbion (Netherlands) Company are the leaders in the Asia Pacific Egg Replacers market.