Egg Replacers Market

Global Egg Replacers Market Size (2024 to 2032)

The global egg replacers market size is predicted to be worth USD 1.57 billion in 2024 and USD 2.50 billion by 2032, growing at a CAGR of 6% during the forecast period.

Consumers are switching to egg replacement ingredients for a variety of reasons, such as increased egg consumption and increased market growth associated with heart disease. Egg replacement ingredients promote a decrease in egg content without affecting the appearance and taste of food. An egg replacer is a low-fat or low-cholesterol alternative to whole eggs. Such egg substitutes are prepared using various ingredients, such as modified food starch, milk, and the like. Egg replacers are used as substitutes for conventional eggs and decrease egg content without compromising the taste and nutritional benefits of food. Egg replacers are basically made from a variety of food ingredients, such as starch, milk, and soy milk. Egg replacement ingredients provide similar nutritional and health benefits to eggs. Eggs are a very rich source of protein, vitamins, and other minerals found in other foods such as apple sauce, mashed bananas, flaxseed, and silk tofu. Egg replacers are designed to help manufacturers overcome the rising cost of egg whites and increase profitability by improving the appearance and texture of egg whites. Therefore, this advantage will lead to the future egg replacement market.

MARKET DRIVERS

The growth of the vegan population and the increasing number of people with egg allergies are primarily fuelling the growth of the global egg replacers market.

With the increasing adoption of healthy eating habits among consumers, the increasing demand for vegetarian and vegan products is also a key factor in promoting the growth of the global market. Also, the incidence of bird flu is favored by vegans among individuals. If you can change your eating habits at a reasonable price and be able to buy a variety of vegetarian food products, the growth of the worldwide egg replacement food market is expected to thrive in the future. The consumption of plant ingredients is increasing due to their nutritional benefits, one of the main driving forces in the global market for nutritional alternatives to dairy, gluten, and non-vegetarian products. Food tastes around the world have changed dramatically in the past decade. Consumers around the world are shifting demand from non-vegetarian food to vegan food.

The rapid adoption of plant-based foods is also contributing to the expansion of the egg replacers market.

As health problems for non-vegetarian foods increase, consumers prefer plant foods. Egg replacement ingredients are readily available from plant-based food chains that have similar nutritional benefits. In addition to these oversupply and supply chain problems, the egg market is becoming more vulnerable, causing more and more consumers to consume egg substitutes. The plant-based alternative to eggs solves price and supply chain problems, so consumers can easily consume these products. Egg replacement ingredients offer similar benefits to eggs but cannot replace the taste of eggs somewhere. The consumer's preference for the true taste of eggs is a major inhibitor of egg replacement ingredients worldwide. Various egg dishes, such as omelets, scrambled eggs, and fried eggs, have a unique flavor that makes them difficult to replace with other dishes, and some consumers cannot compromise their taste. Because eggs provide different functional properties to different egg products or dishes, egg replacement ingredients will have difficulty providing similar properties due to a large number of egg-related products.

Due to the low availability of eggs, the world market for egg replacers is expected to grow rapidly in the coming years.

The growing demand for vegetable ingredients and high egg prices are other factors that are expected to drive the global market for egg replacement ingredients during the estimated period. Egg replacement ingredients promote a decrease in egg content without affecting the appearance and taste of food. Such egg substitutes are prepared using various ingredients, such as modified food starch, milk, and the like. As consumers changed their preferences for egg replacers, manufacturers began to produce egg substitutes. Global egg manufacturers face a number of problems related to egg production, including handling and storage, allergen separation and cleaning, price, and sustainability. Egg replacers provide better functionality than eggs with no related issues, which could be a better opportunity for egg replacement manufacturers in the future. However, the introduction of a variety of egg replacement products and vegan products, especially in emerging economies, can create huge profit opportunities for players in the target market.

MARKET RESTRAINTS

Though the demand for egg replacers is increasing every year, somehow, there are a few negative factors that are limiting the growth rate of the egg replacers market. Compared with the real egg, egg replacers have fewer vitamins and minerals. Strict rules and regulations by the government to approve the replacement of original eggs also show a negative impact on the growth rate of the egg replacers market. Government officials scrutinize the effects of egg replacers for a long time to find an effective outcome that favors the safety of the public. The higher cost of the final product and the fact that egg replacers do not provide the same flavor have the potential to limit the growth of the global egg replacers market during the forecast period.Though the demand for egg replacers is increasing every year, somehow, there are a few negative factors that are limiting the growth rate of the egg replacers market. Compared with the real egg, egg replacers have fewer vitamins and minerals. Strict rules and regulations by the government to approve the replacement of original eggs also show a negative impact on the growth rate of the egg replacers market. Government officials scrutinize the effects of egg replacers for a long time to find an effective outcome that favors the safety of the public. The higher cost of the final product and the fact that egg replacers do not provide the same flavor have the potential to limit the growth of the global egg replacers market during the forecast period.

MARKET OPPORTUNITIES

The emergence of AI tool analytics in the food and beverage industry is attributed to transforming the production of various food products with respect to the rising demand from consumers for healthy-based diet options. The growing population is attributed to leveraging the demand for the replacement of various food products that are grown using various technologies. The rising demand for egg production rate due to the rising number of people inclined to eat healthy food products is dominantly creating growth opportunities for the production of egg replacers with advanced technologies to meet specific food demands. This factor is attributed to the growth opportunities for egg replacers in the market.

MARKET CHALLENGES

Manufacturing egg replacers with the appropriate amount of protein present in eggs and albumin is a little challenging for companies that are quietly degrading the growth rate of the egg replacers market. The real egg has the main protein that adds special weight to the high-sugar applications, and the lack of this protein level in replacers will not give appropriate results, which substantially hampers the growth rate of the egg replacers market. In a few companies, egg replacers are not gaining much attention due to consumers' preference for the original egg, which has a perfect taste and texture, which is also degrading the growth rate of the market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Egg Replacers Market Analysis By Source

The plant-based source segment is leading with the dominant share of the egg replacers market. There are various varieties of products that act as replacers of eggs in the vegan diet options. According to the Plant-Based Food Association, 62% of Americans are showing interest in plant-based food products, which is one of the major factors that will cause the plant-based source segment to grow in the coming years. On the other hand, animal-sourced egg replacers are deemed to have the most prominent growth rate throughout the forecast period. Consumer's preference for the taste, texture, and quality of the products using egg replacers like a real egg is considered to elevate the growth rate of the animal-sourced egg replacers market in the coming years.

Global Egg Replacers Market Analysis By Form

Liquid form is gaining major traction over the growth rate as they are more convenient and easier to use in many of the food recipes like cakes, and any other. The consistency of the liquid form will be very similar to that of the raw egg whites, which adds great texture and taste to the real eggs, which is why the dominance of the liquid form is high when compared with the dry form. The dry-form segment is expected to grow at a steady pace during the forecast period. The dry form of egg replacers is made sustainably with minimally processed ingredients that are attributed to elevating the growth rate of the market.

Global Egg Replacers Market Analysis By Application

The bakery & confectionery segment is anticipated to lead the highest share of the egg replacers market. Egg replacer is one of the latest trends across the world especially in the bakery & confectionery. There are a number of varieties like cakes, muffins, cookies, brownies, and bread, among others, which can be easily prepared with excellent taste and texture using egg replacers in today's world. People are showing much interest in vegan-based cakes that are completely free from eggs, which is positively influencing the growth rate of the market. The savories segment is likely to have prominent growth opportunities in the coming years.

Global Egg Replacers Market Analysis By Ingredient

The dairy protein segment is inclined to have a significant share of the egg replacers market, whereas the soy-based products segment is anticipated to hit the highest CAGR by the end of the forecast period 2024-2029. The rising popularity of the quick adoption of high protein foods, which are plant-based or animal-based sources, is likely to promote growth opportunities for the egg replacers market.

REGIONAL ANALYSIS

The North American market currently represents a large percentage of sales and is expected to show high growth during the outlook period. The presence of a technologically advanced food processing industry and the adoption of an interpersonal vegan diet are factors that drive the growth of the region's global market. The rise in the number of people suffering from chronic diseases in the US is likely to promote growth opportunities in the egg replacers market. According to the National Library of Medicine survey report, the real egg is no longer a health benefit for people, especially those suffering from cardiovascular diseases. Therefore, many Americans solely wish to adopt egg replacers in their regular diet for various health benefits and to avoid the risk factors.

The European market is supposed to occupy the second-highest share of revenue in the region. The European egg replacer market is expected to show the highest growth rate during the prediction period due to the increased consumption of non-dry diets, and the egg replacement market also shows better growth as an interest in nutritional diets. European Union is moving forward to curb carbon emissions, which is to reach net zero emissions. Therefore, the top key players in the egg replacers market are making efforts to promote the need to shift the trend towards the adoption of plant-based egg replacers in countries to limit carbon emissions. It is a known fact that the changes in shifting to plant-based derivatives can

The Asian egg replacers market shows modest growth during the forecast period due to a lack of knowledge of egg replacement ingredients. The Asia Pacific region is expected to be the fastest-growing market during the study period due to increased demand for egg substitutes in bakeries and other industries and the low cholesterol levels provided by egg substitutes. Due to the risk of cardiovascular disease and growing concerns about the side effects of eggs, China is ready to accept the concept of egg substitutes in recipes. Combining cheap regulated raw materials and low production costs with free regulation, the Asia Pacific region is a better place to establish manufacturing facilities. Producers of these egg substitutes can offer the product at an affordable price.

KEY PLAYERS IN THE GLOBAL EGG REPLACERS MARKET

Florida Food Products, LLC, Fiberstar, Inc., Danone Nutricia, MGP Ingredients, Corbion, Puratos, Tate & Lyle PLC, Glanbia PLC, E.I. Dupont De Nemours and Company and Cargill are a few of the leading companies in the global egg replacers market.

RECENT HAPPENINGS IN THE MARKET

• In January 2020, Noblegen INC launched the Whole Egg Powder Vegetable under the Unite brand.
• In March 2015, US Ingredion Inc. began replacing or reducing egg white products from baked goods.

DETAILED SEGMENTATION OF GLOBAL EGG REPLACERS MARKET INCLUDED IN THIS REPORT 

This research report on the global egg replacers market has been segmented and sub-segmented based on source, form, application, Ingredient & region.

By Source

• Plant         
• Animal  

By Form

• Dry            
• Liquid         

By Application

• Bakery & Confectionery   
• Savories  
• Sauces, Dressings, and Spreads    
• Others     

By Ingredient

• Dairy Protein         
• Starch       
• Algal Flour              
• Soy-Based Products           
• Others   

By Region

• North America 
• Europe 
• Asia Pacific 
• Latin America 
• Middle East and Africa