Egg Replacers Market

[300 Pages Report] According to MarketsandMarkets, the egg replacers market is projected to reach USD 3.3 billion by 2029 from USD 2.3 billion by 2024, at a CAGR of 8.0% during the forecast period in terms of value. In this regard, market advancement is through increased demands for more and more plant based and allergen-free products with the rising health consciousness. This is for a substitute to the traditional egg that comes with cholesterol and etiquette dietary restrictions. On the reverse, the growing popularity of veganism and vegetarianism—two diets that exclude animal products from the diet—is another driver of the market. Moreover, sustainability issues may lead consumers and manufacturers to seek even more environmentally friendly food options, as the ecological footprint from egg production is quite large.

AI-powered analytics can help firms understand the taste and trends of consumers in the market and thus come up with formulations for an egg replacer that meet certain demands. Machine learning algorithms can work out with innovative products that replicate the qualities of eggs more closely by analyzing heaps of data on taste, texture, and nutritional profiles.

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Market Dynamics

Driver: Cost reduction

The market for egg replacers is heavily influenced by measures to reduce expenses, which push food producers to look for less expensive substitutes for real eggs. Egg substitutes are a practical answer since production costs are variable and customer demand for reasonably priced, environmentally friendly food options rises. Manufacturers can meet consumer expectations for affordable products while mitigating price swings and improving profitability by lowering their reliance on costly animal-based ingredients.

Restraint: Perception of taste

Taste perception therefore serves as a constraint to the growing market for egg replacers, as it is rather difficult for manufacturers to mimic exactly the sensory experience of an egg. Indeed, with technological strides taken, the taste profile that comes anywhere close or overcomes perception associated with the taste of eggs has still remained elusive. Consumer preference is thus inextricably linked to the familiar taste of eggs, indicating that firms must innovatively and repeatedly keep improving formulations to effectively bridge this perceptual gap.

Opportunity: Awareness regarding veganism in the emerging countries

Growing vegetarianism awareness presents a significant opportunity for the emerging world market for egg alternatives. As people become more aware of the advantages of plant-based diets for their health, the environment, and animal welfare, there is an increasing demand for vegan-friendly alternatives, such as egg replacers. Emerging nations with expanding populations and changing dietary choices offer a perfect setting for promoting the use of egg substitutes and catering to the growing vegan consumer base.

Challenge: Functional limitations on replacing eggs completely

One of the major challenges in the egg replacers market is its functional limitation to completely replace eggs. The egg delivers multiple functionalities in food applications, such as binding, emulsification, leavening, and providing texture. While some of these functions can be replaced through egg replacers, replicating its exact functionality in all uses in culinary cuisine is a technical challenge. This would naturally result in ongoing research and development efforts to improve their adaptability and efficiency, enabling the egg substitutes to supplant the usage of eggs in as many food items as feasible without sacrificing product quality or customer happiness.

EGG REPLACERS MARKET ECOSYSTEM

Key players within this market consist of reputable and financially robust egg replacers products manufacturers. These entities boast extensive industry tenure, offering diversified product portfolios, cutting-edge technologies, and robust global sales and marketing networks. Prominent companies in this market are Cargill, Incorporated (US), ADM (US), Kerry Group plc (Ireland), Ingredion (US), Tate & Lyle (UK), Puratos (Belgium), Corbion (Netherlands), Arla Foods Ingredients Group (Denmark), Glanbia plc (Ireland), Dupont (US), MGP Ingredients (US), Danone (France), Fiberstar, Inc (US), J&K Ingredients (US), and AAK Foods (Sweden).

In the form segment, market for liquid-based egg replacers is expected to grow constantly during the forecast period.

In comparison with dried or powdered forms, liquid forms are easier and more unique for use in food manufacturing processes, and their recipe integration gets easier. They are particularly preferred in applications such as baking, where the liquid consistency may effectively replicate the binding and moisture-retaining roles of eggs. Furthermore, liquid forms of egg replacers are usually formulated to provide emulsification and leavening capabilities that match the real thing but without cholesterol or allergens. Liquid-based egg replacers represent a growing market in the food business due to their appeal to health-minded consumers and food manufacturers seeking cleaner labeling. 

In the application segment, bakery & confectionery segment is expected to hold a largest market share during the forecast period.

Due to a number of factors, the bakery and confectionery category is expected to dominate the market throughout the forecast period. First of all, there is a growing consumer desire for plant based and allergy free ingredients in baked goods and confections, which is increasing the need for egg substitutes that may successfully replace eggs in recipes. Substitutes for eggs, basically, would enable bakeries to make cakes, cookies, pastries, and a host of other baked goods with textures and binding and moisture that consumers love, yet their flavor and quality remain uncompromised. The vegetarian and vegan diets are fast becoming a trend, which has compelled bakers to go in search of alternatives to suit these diets. With the current improvements in food technology, this current crop of egg substitutes would offer the same functional benefits as real eggs do, hence versatile for many baking applications.

The egg replacers market in Europe is expected to grow at highest CAGR during the forecast period.  

One of the key growth drivers of the egg replacers market in Europe is the strict legislation relating to sustainability and animal welfare. These legislative measures, together with consumer demands for more ethical and environmentally-friendly products, have prompted food manufacturers to find alternatives like egg replacers to try and meet these standards. The 2027 phase-out by the EU on caged eggs has put food manufacturers under huge regulatory pressure to find suitable alternatives like egg replacers in order to remain compliant. This shift is further underpinned by growing awareness among European consumers over health- and sustainability-related concerns, which at the same time continues to impel food manufacturers to quickly invent and produce egg-free variations that would suit these preferences without affecting their taste and overall quality. On the other side, there are economic factors that come into play when it comes to replacing eggs, and thus reducing potential extra costs related to fluctuations in their prices or uncertain supply. The combination of these factors makes Europe a vibrant and rapidly growing market for egg replacers compared to other regions.

Key Market Players

The key players in the egg replacers market include Cargill, Incorporated (US), ADM (US), Kerry Group plc (Ireland), Ingredion (US), Tate & Lyle (UK), Puratos (Belgium), Corbion (Netherlands), Arla Foods Ingredients Group (Denmark), Glanbia plc (Ireland), Dupont (US), MGP Ingredients (US), Danone (France), Fiberstar, Inc (US), J&K Ingredients (US), and AAK Foods (Sweden). These market participants are emphasizing the expansion of their footprint via agreements and partnerships. They maintain a robust presence in North America, Asia Pacific, South America, RoW, & Europe, and they are supported by manufacturing facilities and well-established distribution networks spanning these regions.

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Scope of the Report

This research report categorizes the egg replacers market based on ingredient, form, application, source, and region.

Target Audience

• Egg replacers traders, retailers, and distributors.
• Egg replacers manufacturers & suppliers.
• Related government authorities, commercial research & development (R&D) institutions.  
• Regulatory bodies, including government agencies and NGOs.
• Commercial research & development (R&D) institutions and financial institutions.
• Government and research organizations.
• Venture capitalists and investors.  
• Technology providers to egg replacers and egg replacers companies.
• Associations and industry bodies.    

Egg Replacers Market:

By Ingredient

• Alternative proteins
• Starch
• Algal flour
• Soy-based products
• Other ingredients

By Source

• Plant
• Animal

By Form

• Dry
• Liquid

By Application

• Bakery & Confectionery
• Savories
• Sauces, dressings, and spreads
• Other applications

By Region:

• North America
• Europe
• Asia Pacific
• South America
• Rest of the World (RoW)

Recent Developments

• In July 2024, the Revyve introduced a yeast-based alternative egg replacement ingredient which is specifically made for plant-based burgers, leveraging its expertise in developing texturizing ingredients derived from upcycled brewer’s yeast.     
• In November 2022, Ingredion announced it has completed one-third of its USD 160 million capital investment aimed at significantly expanding capacity for modified and clean label specialty starches across its global supply chain.
• In September 2022, Puratos partnered with food tech company Shiru to evaluate and scale alternatives to egg proteins for baked goods. Puratos will use this partnership to prototype ingredients for application testing in many baked goods, and Shiru is going to expedite the time for bringing them to consumers of baked goods.

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