Egg Replacers Market - Forecasts from 2022 to 2027

The egg replacers market is projected to grow at a CAGR of 6.37% to reach US$1,598.487 million by 2027, from US$1,037.431 million in 2020.

The prevalence of individuals and children with egg allergies bolsters the egg replacers market.

According to the statistics provided by FARE (Food Allergy Research & Education), about 200,000 people require emergency medical care for allergic reactions to food in the US. According to research, it is estimated that approximately 30 million Americans have food allergies, including children under 18. Studies suggest that approximately 2.6 million individuals in the US are allergic to eggs. Food allergies are prevalent in other parts of the globe.

According to the information provided by Allergy and Anaphylaxis, food allergies are common in Australia, specifically among the younger population, affecting above 80% of infants aged 12 months. So in order to mitigate the risk, the consumption of eggs poses to individuals, the authorities have released regulations in order to check before consumption of a particular food item whether it contains eggs or not and must not be consumed by allergic individuals. Therefore, these factors are leading to increased demand for egg replacers or egg substitutes and boosting the market growth.

The rising trend of veganism and the awareness among individuals to lead a healthier lifestyle is leading to a surge in demand for egg replacers.

The awareness among individuals is rising to cut down the fat and cholesterol content in their diet to lead a comparatively healthier lifestyle. There are fats and cholesterol present in the egg yolk, which can lead to ill effects on health. In addition, the rapidly rising trend of veganism in different countries over the globe is gaining popularity and encouraging them to shift to plant-based egg alternatives and providing an option to the vegetarian communities to consume eggs and reap the health benefits and proteins eggs provide. These factors are therefore leading to an increased demand for egg replacers and are bolstering the market growth over the forecast period.

Product Launches by Major Market Players in the Egg Replacers MarketSpace

The launch of better and advanced varieties of egg replacers with enhanced and excellent product quality and nutritional contents, among other properties by existing and new players in different markets, is estimated to lead to increased adoption and propel the market growth further over the forecast period.

Some of the examples of product launches are as follows:

• In November 2021, Piperleaf announced the introduction of Eggishh, an egg substitute, in India. The plant-based egg substitute is available in a premixed form, which allows for a longer shelf life than goods made with liquid plant-based eggs. Currently accessible on Piperleaf's website, Eggishh will soon be made available through more Indian e-commerce platforms.
• In October 2021, Nestlé announced that they will be further broadening their line of plant-based foods, with the launch of a new plant-based egg substitute. The plant-based alternatives to traditional eggs provide people with a healthy and delightful option that is both ethically and sustainably produced. The food, which was introduced under the brand name Garden Gourmet vEGGie, is vegan, has soy protein and omega-3 fatty acids, and receives a Nutri-Score A in Europe.
• In October 2019, Zero Egg which is a Startup based in Israel that is involved in the provision of plant-based foods for catering to the vegan population announced that they had launched an all-purpose plant-based egg replacement for different food manufacturers. This product can be used to replace eggs in omelettes, sauces, and bakery and confectionery products.
• In June 2019, DuPont Nutrition & Biosciences, among the most well-known and leading companies dealing in the provision of different products to different industries, announced the launch of their new product called the “Grinsted Plant-Tex.” The product is an egg white replacement system and can be used by the vegan population or the individuals that consume meat in burger patties, cooked sausages, and cold cuts. It can use in burger patties, cooked sausages, and cold cuts. Additionally, this product is cholesterol-free and allergen-free and has been sourced through organic means; and is currently available in The Middle East, Africa, and the European region and is expected to release globally in the latter half of 2020. The product, Plant-Tex, is currently available in three different forms. For burger patties, Plant-Tex MA1201 is available, which increases the protein content and improves the juiciness of the patty. For cooked sausages, Plant-Tex MA1301 is available and aids in maintaining their shape and enhancing their taste, and the third product available for cold cuts is called the Plant-Tex MA1110.
• In February 2019, OGGS, a company known as Alternative Foods earlier, and is based in the UK and involved in the provision of different variety of vegan bakery items and products, announced that they launched a vegan replacement product for eggs that are used in baking. The product is called the “OGGS Yummy Egg Substitute.”
• Noblegen Inc., one of the companies dealing in the provision of different types of advanced nutritional products, announced the launch of their new product called “The Egg.” It is a plant-based egg powder that is available only through the Eunite website as of now. The product can be used in different applications, such as replacing eggs in vegan pancakes, breakfast sandwiches, quiches, and bakery products such as cake, among other items. In addition, it is vegan-friendly, cholesterol-free, and soy-free and can provide 6g of protein per serving.

The North American region holds a considerable market share and the Asia Pacific region to witness a significant growth

The North American region is expected to hold a considerable share over the forecast period owing to the increasing number of vegan individuals in the countries such as the US and Canada and the simultaneous surge in efforts to increase the awareness of alternative proteins.

The Asia Pacific region is anticipated to witness stable market growth over the forecast owing to the slow-moving trend of veganism. Moreover, initiatives are being taken by college students in order to support the ongoing trend of veganism and cater to the increasing demand and vegan population in countries such as India. For example, In September 2019, Students from IIT-Delhi, which is one of the most prestigious engineering colleges in India, announced that they had developed a plant-based egg in order to replace the poultry eggs. The egg has been made using moong daal (split green gram pulses) and is free from cholesterol and gluten. This product was showcased at the Industry Day event at IIT-Delhi, which is graced by over 100 industry players.

Impact of the COVID-19 pandemic

The COVID-19 outbreak led to a massive slowdown in the global economy, owing to the suspension of major industries and activities. The egg replacers market also faced a decline in sales initially, owing to the disruptions in supply and production lines. However, the market demand soon increased, owing to the rise in demand for healthy and vegan food products. Increasing cases of heart diseases and high blood pressure also resulted in an increase in demand for egg substitutes, since most plant-based eggs contain no cholesterol and very little fat, as compared to poultry eggs. Government initiatives also helped in driving the market demand during the pandemic. Moreover, with the withdrawal of COVID-19 protocols and the increasing cases of allergies among the people, the market demand is expected to increase substantially in the forecasted period.

Segmentation:

By Form

• Dry
• Liquid

By Application

• Bakery and Desserts
• Food and Beverage

By Distribution Channel

• Online
• Offline

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia