Egg Replacers Market Analysis

Global Egg Replacers Market Overview

Egg Replacers Market Size was valued at USD 1.17 billion in 2023. The Egg Replacers industry is projected to grow from USD 1.24 Billion in 2024 to USD 1.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.75% during the forecast period (2024 - 2032). Escalating costs for fresh eggs, rising vegan numbers and rising consumer knowledge of different healthy eating trends are the key market drivers enhancing the market of egg replacers growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Egg Replacers Market Trends

• Both the rise of vegans and the number of persons who are allergic to eggs are driving market growth

The growing demand for vegetarian and vegan goods is also a significant component in fostering the growth of the worldwide Egg Replacers market as consumers embrace healthier eating habits. Vegans favor increased rates of avian flu among people. The expansion of the egg replacement food industry is anticipated to prosper if you can alter your eating habits at a reasonable cost and purchase a selection of vegetarian food items. One of the primary factors driving the   Egg Replacers for nutritious alternatives to dairy, gluten, and non-vegetarian goods is the growing use of plant-based components due to their nutritional advantages. In the last ten years, there have been significant changes in food preferences. Vegan cuisine is becoming more and more in demand from consumers all around the world. Customers like plant foods as non-vegetarian meals' health issues worsen. Ingredients widely available from plant-based food chains and have comparable nutritional advantages can be used instead of eggs. The Egg Replacers industry is becoming more susceptible due to the excess and issues with the supply chain, which is prompting an increase in the consumption of egg alternatives. The supply chain and economic issues associated with the egg substitute are resolved, allowing customers to consume these items. Egg substitute substances are similar to eggs in advantages; However, they lack the flavor of eggs. Thus, this factor is driving the egg replacers market CAGR.

The market for Egg Replacers is anticipated to expand quickly over the next several years as a result of the limited supply of eggs. Other factors that are anticipated to propel the worldwide market for egg replacement components during the forecast period include the rising demand for vegetable ingredients and high egg costs. Ingredients for egg replacements encourage a reduction in egg content without changing the look or flavor of food. These egg alternatives use various components, including milk and modified food starch. Manufacturers started to make egg substitutes as customers tastes for egg replacers altered. Thus, this aspect is anticipated to accelerate Egg Replacers' market revenue.

Segment Insights

Egg Replacers Raw Material Insights

Based on Raw Material, the   Egg Replacers market segmentation includes Dairy Protein, Starch, Soy Based Products, Algal Flour & Yeast Extracts, and Others. The Dairy Protein segment dominated the market, accounting for 35% of egg replacers industry revenue. Due to the high nutritional value and egg-like qualities of milk protein, the dairy protein market sector commands a sizable market share. The rising usage of milk proteins as emulsifiers, binders, and leavening agents in a variety of bakery, sauce, and dressing applications has raised demand in recent years, which is the driver driving the market expansion of Egg Replacers.

Figure 1:   Egg Replacers Market, by Distribution Channel, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Egg Replacers Application Insights

Based on Application, the Egg Replacers market segmentation includes Bakery & Confectionery, Savories & Snacks, Sauces & Spreads and Others. The Sauces & Spreads category generated the most income (70.4%). Due to its superior emulsification and essential qualities, the sauces, dressings, and spreads segment commands a sizable market share. It has a wide range of applications, which drives the egg replacers industry expansion.

Egg Replacers Form Insights

Based on Form, the Egg Replacers industry has been segmented into Powder, Liquid, and Others. Liquid held the largest segment share in 2022. Egg substitutes with a liquid foundation will rule the market since they are simple to utilize in many food-related procedures. Since liquid Egg Replacers are so convenient to use in many food-related processes, they will dominate the market.

Egg Replacers Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. Asia Pacific Egg Replacers market accounted for USD billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. Due to rising egg allergies among consumers, the egg replacer industry is predicted to rise strongly in Asia Pacific. The egg replacer market in this area will be driven by the rising use of dairy proteins as an egg substitute in the baking sector. Moreover, the China Egg Replacers held the largest market share, and the India market of egg replacers was the fastest-growing market in the Asia-Pacific region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: EGG REPLACERS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

The rapidly expanding vegetarian population in the North America Egg Replacers market is predicted to propel the market for egg substitutes at a fast rate. In industrialized nations, people are increasingly aware of and concerned about the product's nutritional value. The high cholesterol content of eggs might make them less popular in this area; therefore, substituting plant-based products for eggs can draw in consumers concerned about their health.

The Europe Egg Replacers market is anticipated to be the fastest growing region. The desire for low-calorie or low-fat cuisine greatly influences the requirement for the egg replacer business in Europe. For instance, the U.K. company Ulrick and Short introduced Ovaprox V, an egg substitute for vegan baking. Throughout the projection period, demand in the U.K. egg alternatives market is expected to grow steadily. Throughout the projection period, sales of egg replacements are expected to grow at a 6.5% CAGR in Europe. New regulations about animal welfare are being implemented by several governmental entities in the U.K. Following the law's implementation, the price of eggs increased significantly, which caused food producers to turn to egg substitutes. Further, the Germany Egg Replacers held the largest market share, and the U.K. market of egg replacers was the fastest-growing market in the European Region.

Egg Replacers Key Market Players & Competitive Insights

Leading industry companies are making significant R&D investments to broaden their product offerings, which will spur further expansion of the market for Egg Replacers products. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their worldwide presence. The Egg Replacers industry must offer products at reasonable prices if it is to grow and thrive in a more cutthroat and competitive environment.

One of the primary business strategies manufacturers employ in the worldwide Egg Replacers industry to benefit customers and expand the market sector is local manufacturing to reduce operating costs. The Egg Replacers industry has recently provided some of medicine's most important benefits. Major players in the Egg Replacers market, including 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), and others, are attempting to increase market demand by investing in research and development operations.

To provide solutions for the food, beverage, dietary supplement, and pharmaceutical industries, DuPont Nutrition handstamp; Biosciences employs specialist science. DuPont Nutrition & Biosciences, one of the most well-known and prominent businesses involved in the supply of various goods to various sectors, announced the release of their new product in June 2019 under the name "Grinsted Plant-Tex." The product, an egg white substitute, may be utilized by vegans and people who eat meat in burger patties, prepared sausages, and cold cuts.

A single-cell microbe known as Euglena gracilis is used by Noblegen, an advanced digital biology business, to create novel protein, carbohydrate, and oil constituents. Since its founding in 2013, Noblegen has worked to make healthy, sustainably produced products more widely available. The business presently has approximately 40 employees working out of its Peterborough, Ontario, location. Plant-Based Whole Egg Powder was introduced in January 2020 by Noblegen Inc. under the Eunite brand.

Key Companies in the Egg Replacers market include

• 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.)


• Corbion (Netherlands)

Egg Replacers Industry Developments

• February 2023- In January, Just Egg silently hit a breakthrough it had been targeting since it firstly hit the market in 2018: Cost parity with eggs. As per the USDA statistics, a dozen eggs supplied to a warehouse the week ending Jan. 3 was USD5.38. A bottle of pourable Just egg has a usual retail price of USD4.40, said Eat Just's chief revenue officer, Matt Riley. In later January, Riley said that the mung bean-based egg alternative product always had that target in its sights. And while the organization has been bringing its cost to users down as it has scaled up its operations, it wasn't considered to be something that would happen so fast. Lowering in egg availability due to a deadly bird flu outbreak that started last year has caused costs to spike about 60% compared with a year before. Riley said that this is the first time, on a unit basis, that their egg is cheaper than a dozen eggs on the shelf. That's probably not going to last, but it is a crucial point in their journey around pricing. They've always been constrained to offering as close to price parity as the company could, and they've achieved it, at least in the short term. And customers have certainly noticed. Riley said that in the last eight weeks, the company has witnessed a record velocity for Just Egg on a per-store, per-week basis. In 2022, the brand published 17% growth—mostly in the liquid product but also in the brand's frozen folded eggs and sous vide bites.

• April 2023- An egg alternative made of pollock has witnessed expanding success in Japan as consumers cope with a shortage of chicken eggs. A global epidemic of Avian influenza has ensued in a deficiency of eggs as flocks are culled to constraint the spread of the virus. In addition, chicken feed prices have shot up as grain shipments from Ukraine and Russia were interrupted by their war, resulting in higher egg prices.

• November 2021: India's launch of the egg replacement Eggishh was announced by Piperleaf. Premixed versions of the plant-based egg substitute are readily available, giving products a longer shelf life than those created with liquid plant-based eggs. English is now available on the Piperleaf website but will soon be accessible through more Indian e-commerce websites.


• October 2021: With the introduction of a new plant-based egg alternative, Nestlé stated that they would be expanding their range of plant-based meals even further. Thanks to plant-based products, people now have a delicious, nutritious, and ethically and sustainably produced alternative to conventional eggs. The vegan snack comprises soy protein and omega-3 fatty acids, received a Nutri-Score A in Europe, and was first sold under the brand name Garden Gourmet Veggie.

Egg Replacers Market Segmentation

 Egg Replacers Raw Material Outlook

• Dairy Protein


• Starch


• Soy Based Products


• Algal Flour & Yeast Extracts


• Others

 Egg Replacers Application Outlook

• Bakery & Confectionery


• Savories & Snacks


• Sauces & Spreads


• Others

 Egg Replacers Form Outlook

• Powder


• Liquid


• Others

 Egg Replacers Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America