Egg replacer market size exceeded USD 1.3 Bn in 2022 and is estimated to grow at over 5.4% CAGR between 2022 and 2032. The egg replacer market stands at nearly USD 1.3 Bn in 2022 and is expected to rise at a CAGR of 5.4%.
Food preferences have shifted considerably around the world in the last decade. Vegan food is becoming more popular as health problems related to meat-based foods are becoming more prevalent in various countries.
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Taking cues, manufacturers are launching egg replacement products with similar nutritional benefits across plant-based food chains. In addition to supply chain issues such as tainted eggs, the egg market is becoming more fragile, prompting customers to switch to egg substitutes.
Contaminated egg cases like traces of a pesticide called fipronil can be found in eggs that are used in food chains and the food processing industry, which is limiting sales of eggs. Fipronil is prohibited in the preparation of food products as it is hazardous to human health if consumed in large quantities. This factor is expected to fuel the adoption and sales of egg substitutes over the forecast period.
“Rising demand for functional food ingredients is anticipated to boost sales of egg replacement products among the vegan population. In addition to this, growing demand for vegan alternatives across the globe will widen the scope of adoption of egg replacers in the forthcoming years,” says an FMI analyst.
Key Takeaways:
- Based on form, sales of dry egg replacers will continue gaining traction through 2032.
- In terms of ingredients, incorporation of dairy proteins in egg replacers will remain high.
- By applications, demand in the baking and confectionery segment is anticipated to increase at a considerable pace.
- The North America egg replacer market is expected hold 48.2% of the total market share by 2032.
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Competition Landscape
Some of the leading companies offering egg replacers are Corbion NV, Tate & Lyle Plc., Glanbia plc., Ingredion Incorporated, MGP Ingredients, Ener-G Foods, Inc., Dupont De Nemours and Company, Fiberstar, Puratos, and Danone Nutricia.
Key players operating in the global egg replacer market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production. For instance:
- Zero Egg, an egg replacement producer, raised $5 million in a Series A fundraising round headed by Powerplant Ventures in November 2020. Zero Egg’s plant-based product is made from a blend of plant proteins and is aimed for foodservice and food makers. It is said to taste, look, and operate like an average egg.
Get Valuable Insights into Egg Replacer Market
FMI, in its new offering, provides an unbiased analysis of egg replacer presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for egg replacer based on form (dry and liquid), ingredient (dairy proteins, starch, algal flour, and soy-based products), application (biscuits, chocolates, cakes, dressings & spreads, mayonnaise, pasta, noodles, and breads), across seven major regions.
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About the Food & Beverage Division at Future Market Insights
Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.
Explore FMI’s Other Extensive Reports of Food & Beverage:
Egg Substitute Market Share : The egg substitute market is expected to reach US$ 1.1 Bn in 2022. With sales growing at a 5.9% CAGR, the market valuation will reach US$ 2.1 Bn in 2032.
Egg Replacement Ingredients Market Size : The market value of the egg replacement ingredients market is anticipated to reach a high of US$ 2,138.33 million by the year 2032.
Egg Emulsifier Market Growth : The global egg emulsifier market is expected to reach a market valuation of US$ 216.2 Mn by 2022, with sales growing at a CAGR of 6.5% over the assessment period.
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