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3. Top Companies in Egg Replacers Industry - Cargill, Incorporated (US), ADM (US) and Kerry Group plc (Ireland)

The egg replacers market is estimated at USD 2.3 billion in 2024 and is projected to reach USD 3.3 billion by 2029, at a CAGR of 8.0% from 2024 to 2029.

The egg replacers market is estimated at USD 2.3 billion in 2024 and is projected to reach USD 3.3 billion by 2029, at a CAGR of 8.0% from 2024 to 2029. Egg replacements are in high demand due to a number of issues, including dietary preferences (veganism, allergies, etc.), health concerns (controlling cholesterol, etc.), and environmental sustainability initiatives. The market for egg replacements is expanding as a result of manufacturers' and customers' increased interest in substitutes that mimic the functional properties of eggs in cooking and baking.

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Cargill, Incorporated (US)

Cargill, Incorporated, an American multinational, operates in food, agriculture, financial, and industrial sectors. Established in 1865, it has grown into one of the largest private companies in the US. Cargill's global reach spans across continents, serving customers in over 125 countries. The company plays a crucial role in the global supply chain, trading commodities like grains and oilseeds, and manufacturing products such as animal nutrition and industrial goods like salt and steel. In the egg replacers market, Cargill offers a wide range of products aimed at reducing costs for culinary sauces and dressings while maintaining their functionality. These include ingredients that can fully or partially replace eggs in various culinary applications. By using Cargill's egg replacement solutions, businesses can achieve significant savings without compromising product quality.

In June 2024, Cargill, a global leader in food and agriculture, is establishing a new office hub in Atlanta, Georgia. This new facility helps the company to focus on expanding its presence in key locations for better customer service, attract top talent, which ultimately drives the company's growth.

ADM (US)

ADM is a food manufacturing company that specializes in producing ingredients for food and beverages, as well as feed ingredients, industrial products, biofuels, and natural alternatives to industrial chemicals. The company is organized into four main segments: Ag services & oilseeds, carbohydrate solutions, nutrition, and other businesses. ADM operates globally with 46 innovation centers, 271 processing plants, 450 crop procurement facilities, and 200 bulk storage facilities across nearly 200 countries. It also manages several subsidiaries worldwide, including Ab Mauri in the UK, ABF Ingredients in the UK, ABITEC Corporation in the US, Ohly in Germany, Golden Peanut Company LLC in the US, ADM Milling in the US, ADM Do Brasil Ltda. in Brazil, Wild Flavors, Inc. in the US, and ADM Hamburg Ag in Germany.

In March 2023, ADM has made an agreement with Marel to establish an innovation center in Wageningen, Netherlands, focusing on alternative protein products, where food manufacturers can collaborate with experts to develop and commercialize new products using novel processing techniques.

Kerry Group plc (Ireland)

Beginning as a small dairy company in southwest Ireland, Kerry has grown into a global multinational over 50 years. This journey illustrates how belief and vision were combined to create a unique company. Kerry now operates 137 manufacturing sites, over 70 technology and innovation centers, and reaches more than 1.25 billion consumers worldwide. Kerry Group plc focuses on producing ingredients and advancing flavor technology for the pharmaceutical and food & beverage sectors. It operates through two main divisions: taste & nutrition and dairy Ireland. Kerry offers egg replacer products made from plant-based ingredients. These products are used in various confectionery applications such as marshmallows and jellies.

In June 2023, Kerry Group plc has launched Biobake EgR, which is an advanced enzyme solution specially designed to reduce egg usage in various baking applications. This new enzyme system addresses the challenge i.e. increasing costs of egg raw materials which helps baked goods manufacturers to decrease the number of eggs required in various recipes.

Related Reports:

Egg Replacers Market by Ingredient (Alternative Proteins, Starch, Algal Flour, Soy-Based Products), Source (Plant, Animal), Application (Bakery & Confectionery, Savories, Sauces, Dressings & Spreads), Form and Region - Global Forecast to 2029

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