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North America Egg Substitutes Market Size, Share & Trends Analysis Report By Form, By Distribution Channel (Hypermarkets & Supermarkets, Specialty Stores, Convenience Stores, and Online Stores), By Application), By Country and Growth Forecast, 2024 - 2031

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    Report

  • May 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5976199
The North America Egg Substitutes Market would witness market growth of 15.8% CAGR during the forecast period (2024-2031).

The US market dominated the North America Egg Substitutes Market by Country in 2023 and would continue to be a dominant market till 2031; thereby, achieving a market value of $958.2 million by 2031. The Canada market is experiencing a CAGR of 18.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 17.4% during (2024 - 2031).



Consumers are increasingly embracing vegetarian, vegan, flexitarian, and plant-forward eating patterns for various reasons, including health, ethical, environmental, and cultural factors. Plant-based substitutes offer a viable solution for individuals seeking to reduce or eliminate animal products from their diets while still enjoying the taste, texture, and culinary versatility associated with eggs.

Furthermore, health-conscious consumers demand these substitutes that offer specific nutritional benefits and cater to dietary restrictions or preferences. For instance, individuals looking to reduce cholesterol intake may opt for cholesterol-free substitutes, while those with egg allergies or sensitivities can choose allergen-free alternatives. Moreover, substitutes with lower fat, sodium, and calorie content appeal to consumers focused on weight management and overall well-being. Customizing these substitutes to meet diverse nutritional needs and dietary requirements has expanded its market reach and accessibility to a broader consumer base.

In Canada, the surging interest in vegan and plant-based lifestyles has fueled the growth of the market, showcasing a shift in consumer preferences towards sustainable and ethical dietary choices. Companies like Earth's Own have introduced innovative plant-based egg alternatives, such as "So Fresh Egg," targeting Canadian consumers embracing plant-based diets. The region's inclination towards health and wellness trends has seen consumers actively seeking alternatives that offer health benefits without compromising taste or convenience. Therefore, all these factors will aid in expanding the regional market in the coming years.

Based on Form, the market is segmented into Dry, and Liquid. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Specialty Stores, Convenience Stores, and Online Stores. Based on Application, the market is segmented into Bakery & Confectionery, Dressings & Spreads, Savories, and Sauces. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Fiberstar, Inc.
  • Florida Food Products, LLC (Ardian France S.A.)
  • Glanbia plc
  • Tate & Lyle PLC
  • Ingredion Incorporated
  • Corbion N.V.
  • Arla Foods, Inc.
  • Kerry Group PLC
  • MGP Ingredients, Inc.
  • Cargill, Incorporated

Market Report Segmentation

By Form
  • Dry
  • Liquid
By Distribution Channel
  • Hypermarkets & Supermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
By Application
  • Bakery & Confectionery
  • Dressings & Spreads
  • Savories
  • Sauces
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Egg Substitutes Market, by Form
1.4.2 North America Egg Substitutes Market, by Distribution Channel
1.4.3 North America Egg Substitutes Market, by Application
1.4.4 North America Egg Substitutes Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Egg Substitutes Market by Form
4.1 North America Dry Market by Country
4.2 North America Liquid Market by Country
Chapter 5. North America Egg Substitutes Market by Distribution Channel
5.1 North America Hypermarkets & Supermarkets Market by Country
5.2 North America Specialty Stores Market by Country
5.3 North America Convenience Stores Market by Country
5.4 North America Online Stores Market by Country
Chapter 6. North America Egg Substitutes Market by Application
6.1 North America Bakery & Confectionery Market by Country
6.2 North America Dressings & Spreads Market by Country
6.3 North America Savories Market by Country
6.4 North America Sauces Market by Country
Chapter 7. North America Egg Substitutes Market by Country
7.1 US Egg Substitutes Market
7.1.1 US Egg Substitutes Market by Form
7.1.2 US Egg Substitutes Market by Distribution Channel
7.1.3 US Egg Substitutes Market by Application
7.2 Canada Egg Substitutes Market
7.2.1 Canada Egg Substitutes Market by Form
7.2.2 Canada Egg Substitutes Market by Distribution Channel
7.2.3 Canada Egg Substitutes Market by Application
7.3 Mexico Egg Substitutes Market
7.3.1 Mexico Egg Substitutes Market by Form
7.3.2 Mexico Egg Substitutes Market by Distribution Channel
7.3.3 Mexico Egg Substitutes Market by Application
7.4 Rest of North America Egg Substitutes Market
7.4.1 Rest of North America Egg Substitutes Market by Form
7.4.2 Rest of North America Egg Substitutes Market by Distribution Channel
7.4.3 Rest of North America Egg Substitutes Market by Application
Chapter 8. Company Profiles
8.1 Fiberstar, Inc.
8.1.1 Company Overview
8.2 Florida Food Products, LLC (Ardian France S.A.)
8.2.1 Company Overview
8.3 Glanbia plc
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.4 Tate & Lyle PLC
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental & Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Ingredion Incorporated
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Corbion N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Arla Foods, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Kerry Group PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Product Launches and Product Expansions:
8.8.6 SWOT Analysis
8.9 MGP Ingredients, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. Cargill, Incorporated
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.2.2 Acquisition and Mergers:
8.10.3 SWOT Analysis

Companies Mentioned

  • Fiberstar, Inc.
  • Florida Food Products, LLC (Ardian France S.A.)
  • Glanbia plc
  • Tate & Lyle PLC
  • Ingredion Incorporated
  • Corbion N.V.
  • Arla Foods, Inc.
  • Kerry Group PLC
  • MGP Ingredients, Inc.
  • Cargill, Incorporated

Methodology

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