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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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    Report

  • 261 Pages
  • July 2024
  • Region: Global
  • Markets and Markets
  • ID: 5991461
Description Jump to:
The global market for egg replacers 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% during the forecast period. Concerns about egg allergies, animal welfare, and sustainability are making the food and beverage industries seek egg replacements. This impetus is further extended by the EU legislative decision to phase out, by the end of 2023, and totally ban, by 2027, the use of caged eggs.

It's an ethically and climatically driven initiative, as manufacturers move to more expensive organic or free-range eggs and find higher costs in the process. It is due to these pressures, in effect, that many bakery producers wish to cut these costs by simply reducing the content of eggs within products and find egg replacers to be quite a suitable solution. On account of this trend, the egg replacers market is gaining substantial impetus, as these support product affordability and making companies compromise on quality or ethical standards.

Increasing awareness of consumers regrading healthy eating habits

Increasing consumer awareness about healthy eating habits is a significant driver for the egg replacers market. According to the 2023 Food and Health Survey by the International Food Information Council, environmental sustainability influences the food and beverage purchasing decisions of 34% of Americans. Additionally, 35% consider the climate friendliness of a product when making these decisions. Millennials are particularly concerned, with 46% prioritizing sustainability, compared to 39% of Gen Z, 38% of Gen X, and 22% of Boomers. This growing consciousness about health and environmental impact is leading more consumers to seek egg replacers, which are often seen as more sustainable and healthier alternatives to traditional eggs.

In 2023, plant source dominated the egg replacers market within the source segment.

It is people's preference for vegan/vegetarian egg replacers, correspondingly meeting dietary orientation, that keeps away from animal products. They have an origin from sources such as soy, pea protein, flaxseed, among many others; hence, they are able to offer a wide variety in nutritional value, from high protein to essential fatty acids. Additionally, plant-based options are considered more sustainable due to their minute ecological footprint when compared with animal products, thus being attractive to consumers concerned about the ecological impact of food choices. In addition, manufacturers find plant-based egg replacers versatile in several food applications in bakery, confectionery, and sauces, whereby they can alias the functionality of eggs without compromising texture or taste. Such a blend of nutritional benefits, sustainability appeal, and functional versatility has easily captured the market for plant-based egg replacers in 2023.

Within the ingredient segment of egg replacers market, algal flour is expected to grow at highest CAGR during the forecast period.

The nutritional value and practical uses of algal flour, which is made from a variety of algae including microalgae and seaweed, are making it more and more popular. Because it has important vitamins, minerals, and omega-3 fatty acids, it's a healthy substitute for elements found in regular eggs. Algal flour is also valued for its environmentally friendly manufacturing practices and low impact on the environment, which corresponds with customer demands for eco-friendly goods. Algal flour has the same binding, emulsifying, and texturizing qualities as eggs in food applications, which makes it appropriate for a variety of items such as drinks, baked goods, and sauces. These elements support the predicted explosive expansion of algae flour in the market for egg substitutes, establishing it as a viable option for producers seeking to satisfy both sustainability and nutritional requirements.

The North America region is expected to dominate the egg replacers market during the forecast period.

Several factors are driving North America to take the lead in the egg replacers market. Consumers are increasingly shifting towards plant-based diets and alternatives to traditional animal-based products for their daily consumption, influenced by health concerns and ethical considerations expressed over animal welfare. This trend is therefore much stronger in North America, a region where awareness and demand for sustainable food remain very high. A well-established food and beverage industry that allows scope for innovation easily makes it convenient to develop and adopt egg replacers across various food applications.

More importantly, stringent regulatory standards and emphasis on using clean label ingredients strengthen the market for egg replacers to best meet consumer preferences with regard to health, allergen-free, and environment-friendly products. These factors together make North America a leader in the markets of egg replacers, with ample growth opportunities from growing popularity of plant-based eating. For instance, GFI and PBFA indicate that insights show the US retail plant-based food market had hit USD 8.1 billion in 2023, thus portraying the huge potential waiting to be exploited within this market.

The Break-up of Primaries:

  • By Value Chain Side: Demand Side - 40% and Supply Side - 60%
  • By Designation: CXOs - 30%, Managers - 25%, Executives - 45%
  • By Region: North America - 25%, Europe - 25%, APAC - 25%, South America - 15%, and RoW - 10%
Key players in this 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).

Research Coverage:

The report segments the egg replacers market based on ingredient, application, source, form, and region. In terms of insights, this report has focused on various levels of analyses - the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the egg replacers market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the egg replacers market. Competitive analysis of upcoming startups in the egg replacers market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall egg replacers market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:
  • Analysis of key drivers (Increasing awareness of consumers regrading healthy eating habits, Cost reduction, and Increasing adoption of vegan diet), restraints (Perception of taste and Egg-based foods and egg consumption) opportunities (The Asia-Pacific market provides immense potential for egg replacers and Awareness regarding veganism in the emerging economies of Asia-Pacific), and challenges (Functional limitations on replacing eggs completely).
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the egg replacers market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the egg replacers market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the egg replacers market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like 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), AAK Foods (Sweden) Palsgaard (Denmark), Revyve (Netherlands), PlantMade (India), Egg’n’up LTD (US), Eat Just, Inc (US).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Inclusions & Exclusions
1.4 Years Considered
1.5 Unit Considered
1.5.1 Currency/Value Unit
1.6 Stakeholders
1.7 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis
2.3 Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities for Players in Egg Replacers Market
4.2 North America: Egg Replacers Market, by Ingredient & Country
4.3 Egg Replacers Market: Share of Major Regional Submarkets
4.4 Egg Replacers Market, by Ingredient and Region
4.5 Egg Replacers Market, by Application and Region
4.6 Egg Replacers Market, by Source and Region
4.7 Egg Replacers Market, by Form and Region
5 Market Overview
5.1 Introduction
5.2 Macroeconomic Indicators
5.2.1 Increase in Consumption of Plant-Based Eggs
5.2.2 Rise in Acceptance of Vegan Diets
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Adoption of Cost-Effective Egg Replacers
5.3.1.2 Increasing Consumer Awareness Regarding Healthy Eating Habits
5.3.1.3 Extended Shelf Life, Lack of Refrigeration Needs, and Decreased Inventory Needs
5.3.2 Restraints
5.3.2.1 Taste and Texture Consistency Influence Consumer Acceptance
5.3.2.2 Inability to Fully Replicate Nutritional Benefits of Real Eggs
5.3.3 Opportunities
5.3.3.1 Changes in Consumers' Lifestyles
5.3.3.2 Incorporation of Egg Replacers into Various Food Products
5.3.4 Challenges
5.3.4.1 Regulatory and Labeling Issues
5.3.4.2 Unique Formulation Challenges Due to Dietary Restrictions
5.4 Impact of Gen Ai on Egg Replacers Market
5.4.1 Introduction
5.4.2 Use of Gen Ai in Egg Replacers Market
5.4.3 Case Study Analysis
5.4.3.1 Shiru and Puratos' Ai-Driven Innovation Allowed for Targeted Selection and Optimization of Proteins to Meet Specific Food Product Requirements
5.4.3.2 Predictive Algorithm Helped Protera Revolutionize Protein-Based Ingredients
5.4.3.3 Kerry Trendspotter Helped Detect Emerging Flavors, Ingredient Combinations, and Potential Breakout Products
5.4.4 Adjacent Ecosystem Working on Gen Ai
6 Industry Trends
6.1 Introduction
6.2 Value Chain Analysis
6.2.1 Research & Product Development
6.2.2 Sourcing
6.2.3 Processing & Production
6.2.4 Logistics & Distribution
6.2.5 Marketing & Sales
6.2.6 Post-Sales Services
6.3 Trade Analysis
6.3.1 Export Scenario of Hs Code 210610
6.3.2 Import Scenario of Hs Code 210610
6.4 Technology Analysis
6.4.1 Key Technologies
6.4.1.1 Protein Engineering and Fermentation
6.4.2 Complementary Technologies
6.4.2.1 High-Moisture Extrusion
6.4.3 Adjacent Technologies
6.4.3.1 Food Processing and Packaging Innovations
6.5 Pricing Analysis
6.5.1 Average Selling Price Trend of Key Players, by Ingredient
6.5.2 Dairy Protein: Average Selling Price Trend of Egg Replacers,
By Region
6.5.3 Starch: Average Selling Price Trend of Egg Replacers, by Region
6.5.4 Algal Flour: Average Selling Price Trend of Egg Replacers,
By Region
6.5.5 Soy-Based Products: Average Selling Price Trend of Egg Replacers, by Region
6.5.6 Other Ingredients: Average Selling Price Trend of Egg Replacers, by Region
6.6 Ecosystem Analysis
6.6.1 Demand Side
6.6.2 Supply Side
6.7 Trends/Disruptions Impacting Customers’ Businesses
6.8 Patent Analysis
6.9 Key Conferences & Events, 2024-2025
6.10 Regulatory Landscape
6.10.1 Regulatory Bodies, Government Agencies, and Other Organizations
6.10.2 North America
6.10.2.1 US
6.10.2.2 Canada
6.10.3 Europe
6.10.3.1 UK
6.10.3.2 Germany
6.10.4 Asia-Pacific
6.10.4.1 China
6.10.4.2 Japan
6.10.4.3 India
6.10.5 South America
6.10.5.1 Brazil
6.10.5.2 Argentina
6.10.6 Rest of the World
6.10.6.1 South Africa
6.11 Porter’S Five Forces Analysis
6.11.1 Intensity of Competitive Rivalry
6.11.2 Bargaining Power of Suppliers
6.11.3 Bargaining Power of Buyers
6.11.4 Threat of Substitutes
6.11.5 Threat of New Entrants
6.12 Key Stakeholders and Buying Criteria
6.12.1 Key Stakeholders in Buying Process
6.12.2 Buying Criteria
6.13 Case Study Analysis
6.13.1 Egg'n'up's Revolutionary Plant-Based Egg Replacement Solutions
6.13.2 Reducing Egg Costs and Emissions Through Kerry’S Biobake Egr
6.13.3 Ingredion’S Evanesse Cb6194 - Clean Label Solution for Modern Emulsification
6.14 Investment and Funding Scenario
7 Egg Replacers Market, by Application
7.1 Introduction
7.2 Bakery & Confectionery
7.2.1 Growing Demand for Plant-Based, Allergen-Free, and Health-Conscious Products to Drive Market
7.3 Savories
7.3.1 Egg Replacers to Meet Evolving Customer Preferences while Maintaining High Standards of Taste and Functionality
7.4 Sauces, Dressings, and Spreads
7.4.1 Reduction of Carbon Footprint and Promotion of Environment Friendly Practices to Boost Market
7.5 Other Applications
8 Egg Replacers Market, by Ingredient
8.1 Introduction
8.2 Dairy Protein
8.2.1 Functional Similarities to Eggs in Food Processing and Baking Help Boost Market
8.3 Starch
8.3.1 Moisture Retention and Binding Properties of Starch to Accelerate Market Growth
8.4 Algal Flour
8.4.1 Unique Nutritional Profile and Functional Properties of Algal Flour to Drive Market
8.5 Soy-Based Products
8.5.1 Increasing Demand for Plant-Based and Allergen-Free Alternatives to Accelerate Market Growth
8.6 Other Ingredients
9 Egg Replacers Market, by Source
9.1 Introduction
9.2 Plant
9.2.1 Improved Nutritional Profiles of Plant-Based Egg Alternatives and Increasing Awareness of Environmental Sustainability to Drive Market
9.3 Animal
9.3.1 Rising Consumer Awareness About Environmental Impact and Health Considerations Associated With Animal Products to Restrain Market Growth
10 Egg Replacers Market, by Form
10.1 Introduction
10.2 Dry
10.2.1 Longer Shelf Life and Convenience of Easy Storage to Drive Popularity of Powdered Formulations
10.3 Liquid
10.3.1 Ease of Use in Liquid-Based Recipes and Quick-Service Food Production to Foster Market Growth
11 Egg Replacers Market, by Region
11.1 Introduction
11.2 North America
11.2.1 US
11.2.1.1 Surging Demand for Sustainable and Affordable Alternatives to Drive Market
11.2.2 Canada
11.2.2.1 Government Initiatives and Rising Demand for Plant-Based Products to Boost Market
11.2.3 Mexico
11.2.3.1 Increasing Preferences for More Sustainable and Environmentally Friendly Food Options to Boost Market
11.3 Europe
11.3.1 France
11.3.1.1 Increasing Focus on Health and Sustainability to Accelerate Market Growth
11.3.2 Germany
11.3.2.1 Robust Agricultural Imports and Demand for Diverse Food Products to Drive Market
11.3.3 Spain
11.3.3.1 Surge in Plant-Based Eating and Rising Food Prices to Drive Egg Replacer Opportunities
11.3.4 Italy
11.3.4.1 Rising Health Consciousness and Expanding Demand for Plant-Based Alternatives to Boost Market
11.3.5 UK
11.3.5.1 Growing Demand for Plant-Based Alternatives and Presence of Key Players to Fuel Market Growth
11.3.6 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.1.1 Growing Health Concerns and Inclination Toward Plant-Based Foods Among Consumers to Drive Demand for Plant-Based Egg Substitutes
11.4.2 Japan
11.4.2.1 Growing Health and Environmental Awareness to Drive Increasing Demand for Plant-Based Protein Sources
11.4.3 India
11.4.3.1 Strategic Investments, Policy Changes, and Government's Strategic Support for Plant-Based Food Startups to Bolster Market Growth
11.4.4 Australia & New Zealand
11.4.4.1 Growing Consumer Preference for Vegan and Alternative Diet Products to Boost Demand for Egg Replacers
11.4.5 Rest of Asia-Pacific
11.5 South America
11.5.1 Brazil
11.5.1.1 Integration of Advanced Technologies and Significant Investments to Create Favorable Environment for Egg Replacers
11.5.2 Argentina
11.5.2.1 Robust Growth in Plant-Based Sector to Significantly Impact Egg Replacers Market
11.5.3 Rest of South America
11.6 Row
11.6.1 Africa
11.6.1.1 Growing Vegan Eating Habits to Drive Market
11.6.2 Middle East
11.6.2.1 Rapid Economic Growth and Escalating Health Concerns to Propel Market Growth
12 Competitive Landscape
12.1 Overview
12.2 Key Player Strategies/Right to Win
12.3 Revenue Analysis
12.4 Market Share Analysis, 2023
12.5 Market Ranking Analysis
12.6 Company Evaluation Matrix: Key Players, 2023
12.6.1 Stars
12.6.2 Emerging Leaders
12.6.3 Pervasive Players
12.6.4 Participants
12.6.5 Company Footprint: Key Players, 2023
12.6.5.1 Region Footprint
12.6.5.2 Ingredient Footprint
12.6.5.3 Application Footprint
12.6.5.4 Source Footprint
12.7 Company Evaluation Matrix: Startups/Smes, 2023
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
12.7.5 Competitive Benchmarking: Startups/Smes, 2023
12.7.5.1 Detailed List of Key Startups/Smes
12.7.5.2 Competitive Benchmarking of Key Startups/Smes
12.8 Company Valuation and Financial Metrics
12.9 Brand/Product Comparative Analysis
12.10 Competitive Scenario and Trends
12.10.1 Product Launches
12.10.2 Deals
12.10.3 Expansions
13 Company Profiles
13.1 Key Players
13.1.1 Cargill, Incorporated
13.1.1.1 Business Overview
13.1.1.2 Products/Solutions/Services Offered
13.1.1.3 Recent Developments
13.1.1.4 Publisher's View
13.1.1.4.1 Key Strengths
13.1.1.4.2 Strategic Choices
13.1.1.4.3 Weaknesses and Competitive Threats
13.1.2 Arla Foods Ingredients Group
13.1.2.1 Business Overview
13.1.2.2 Products/Solutions/Services Offered
13.1.2.3 Recent Developments
13.1.2.4 Publisher's View
13.1.3 Adm
13.1.3.1 Business Overview
13.1.3.2 Products/Solutions/Services Offered
13.1.3.3 Recent Developments
13.1.3.4 Publisher's View
13.1.3.4.1 Key Strengths
13.1.3.4.2 Strategic Choices
13.1.3.4.3 Weaknesses and Competitive Threats
13.1.4 Kerry Group plc
13.1.4.1 Business Overview
13.1.4.2 Products/Solutions/Services Offered
13.1.4.3 Recent Developments
13.1.4.4 Publisher's View
13.1.4.4.1 Key Strengths
13.1.4.4.2 Strategic Choices
13.1.4.4.3 Weaknesses and Competitive Threats
13.1.5 Ingredion
13.1.5.1 Business Overview
13.1.5.2 Products/Solutions/Services Offered
13.1.5.3 Recent Developments
13.1.5.4 Publisher's View
13.1.5.4.1 Key Strengths
13.1.5.4.2 Strategic Choices
13.1.5.4.3 Weaknesses and Competitive Threats
13.1.6 Tate & Lyle
13.1.6.1 Business Overview
13.1.6.2 Products/Solutions/Services Offered
13.1.6.3 Publisher's View
13.1.6.3.1 Key Strengths
13.1.6.3.2 Strategic Choices
13.1.6.3.3 Weaknesses and Competitive Threats
13.1.7 Puratos
13.1.7.1 Business Overview
13.1.7.2 Products/Solutions/Services Offered
13.1.7.3 Recent Developments
13.1.7.4 Publisher's View
13.1.8 Corbion
13.1.8.1 Business Overview
13.1.8.2 Products/Solutions/Services Offered
13.1.8.3 Publisher's View
13.1.9 Glanbia plc
13.1.9.1 Business Overview
13.1.9.2 Products/Solutions/Services Offered
13.1.9.3 Recent Developments
13.1.9.4 Publisher's View
13.1.10 Dupont
13.1.10.1 Business Overview
13.1.10.2 Products/Solutions/Services Offered
13.1.10.3 Publisher's View
13.1.11 Mgp
13.1.11.1 Business Overview
13.1.11.2 Products/Solutions/Services Offered
13.1.11.3 Publisher's View
13.1.12 Danone
13.1.12.1 Business Overview
13.1.12.2 Products/Solutions/Services Offered
13.1.12.3 Publisher's View
13.1.13 Fiberstar, Inc
13.1.13.1 Business Overview
13.1.13.2 Products/Solutions/Services Offered
13.1.13.3 Publisher's View
13.1.14 J&K Ingredients
13.1.14.1 Business Overview
13.1.14.2 Products/Solutions/Services Offered
13.1.14.3 Recent Developments
13.1.14.4 Publisher's View
13.1.15 Aak Foods
13.1.15.1 Business Overview
13.1.15.2 Products/Solutions/Services Offered
13.1.15.3 Publisher's View
13.2 Other Players/Startups/Smes
13.2.1 Eat Just, Inc.
13.2.2 Egg’N’Up Ltd
13.2.3 Plantmade
13.2.4 Revyve
13.2.5 Palsgaard
13.2.6 Florida Food Products
13.2.7 Zero Egg
13.2.8 Crespel & Deiters Group
13.2.9 Plant B
13.2.10 Yo Eggs
14 Adjacent and Related Markets
14.1 Introduction
14.2 Limitations
14.3 Meat Substitutes Market
14.3.1 Market Definition
14.3.2 Market Overview
14.4 Pea Protein Market
14.4.1 Market Definition
14.4.2 Market Overview
15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: Subscription Portal
15.3 Customization Options
15.4 Related Reports
15.5 Author Details
List of Tables
Table 1 Egg Replacers Market: Inclusions & Exclusions
Table 2 USD Exchange Rates Considered, 2019-2023
Table 3 Egg Replacers Market Snapshot, 2024 Vs. 2029
Table 4 Export Value of Hs Code 210610, by Key Country, 2019-2023 (USD Thousand)
Table 5 Import Value of Hs Code 210610, by Key Country, 2019-2023 (USD Thousand)
Table 6 Average Selling Price (Asp) Trend of Key Players, by Ingredient, 2023 (USD/Kg)
Table 7 Average Selling Price (Asp) Trend of Egg Replacers, by Ingredient, 2019-2023 (USD/Kg)
Table 8 Dairy Protein: Average Selling Price (Asp) Trend of Egg Replacers, By Region, 2019-2023 (USD/Kg)
Table 9 Starch: Average Selling Price (Asp) Trend of Egg Replacers by Region, 2019-2023 (USD/Kg)
Table 10 Algal Flour: Average Selling Price (Asp) Trend of Egg Replacers, By Region, 2019-2023 (USD/Kg)
Table 11 Soy-Based Products: Average Selling Price (Asp) Trend of Egg Replacers, by Region, 2019-2023 (USD/Kg)
Table 12 Other Ingredients: Average Selling Price (Asp) Trend of Egg Replacers, by Region, 2019-2023 (USD/Kg)
Table 13 Egg Replacers Market: Ecosystem
Table 14 Egg Replacers Market: Key Patents, 2014-2024
Table 15 Egg Replacers Market: Detailed List of Conferences and Events, 2024-2025
Table 16 North America: Regulatory Bodies, Government Agencies, And Other Organizations
Table 17 Europe: Regulatory Bodies, Government Agencies, And Other Organizations
Table 18 Asia-Pacific: Regulatory Bodies, Government Agencies, And Other Organizations
Table 19 South America: Regulatory Bodies, Government Agencies, And Other Organizations
Table 20 Rest of the World: Regulatory Bodies, Government Agencies, And Other Organizations
Table 21 Porter’S Five Forces Impact on Egg Replacers Market
Table 22 Influence of Stakeholders on Buying Process for Top Two Sources
Table 23 Key Buying Criteria for Top Two Sources
Table 24 Global Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 25 Global Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 26 Bakery & Confectionery: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 27 Bakery & Confectionery: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 28 Savories: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 29 Savories: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 30 Sauces, Dressings, and Spreads: Global Egg Replacers Market, By Region, 2019-2023 (USD Million)
Table 31 Sauces, Dressings, and Spreads: Global Egg Replacers Market, By Region, 2024-2029 (USD Million)
Table 32 Other Applications: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 33 Other Applications: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 34 Global Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 35 Global Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 36 Global Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 37 Global Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 38 Dairy Protein: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 39 Dairy Protein: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 40 Dairy Protein: Global Egg Replacers Market, by Region, 2019-2023 (Kt)
Table 41 Dairy Protein: Global Egg Replacers Market, by Region, 2024-2029 (Kt)
Table 42 Starch: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 43 Starch: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 44 Starch: Global Egg Replacers Market, by Region, 2019-2023 (Kt)
Table 45 Starch: Global Egg Replacers Market, by Region, 2024-2029 (Kt)
Table 46 Algal Flour: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 47 Algal Flour: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 48 Algal Flour: Global Egg Replacers Market, by Region, 2019-2023 (Kt)
Table 49 Algal Flour: Global Egg Replacers Market, by Region, 2024-2029 (Kt)
Table 50 Soy-Based Products: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 51 Soy-Based Products: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 52 Soy-Based Products: Global Egg Replacers Market, by Region, 2019-2023 (Kt)
Table 53 Soy-Based Products: Global Egg Replacers Market, by Region, 2024-2029 (Kt)
Table 54 Other Ingredients: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 55 Other Ingredients: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 56 Other Ingredients: Global Egg Replacers Market, by Region, 2019-2023 (Kt)
Table 57 Other Ingredients: Global Egg Replacers Market, by Region, 2024-2029 (Kt)
Table 58 Global Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 59 Global Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 60 Plant: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 61 Plant: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 62 Animal: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 63 Animal: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 64 Global Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 65 Global Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 66 Dry: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 67 Dry: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 68 Liquid: Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 69 Liquid: Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 70 Global Egg Replacers Market, by Region, 2019-2023 (USD Million)
Table 71 Global Egg Replacers Market, by Region, 2024-2029 (USD Million)
Table 72 North America: Egg Replacers Market, by Country, 2019-2023 (USD Million)
Table 73 North America: Egg Replacers Market, by Country, 2024-2029 (USD Million)
Table 74 North America: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 75 North America: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 76 North America: Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 77 North America: Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 78 North America: Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 79 North America: Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 80 North America: Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 81 North America: Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 82 North America: Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 83 North America: Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 84 Us: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 85 Us: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 86 Canada: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 87 Canada: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 88 Mexico: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 89 Mexico: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 90 Europe: Egg Replacers Market, by Country, 2019-2023 (USD Million)
Table 91 Europe: Egg Replacers Market, by Country, 2024-2029 (USD Million)
Table 92 Europe: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 93 Europe: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 94 Europe: Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 95 Europe: Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 96 Europe: Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 97 Europe: Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 98 Europe: Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 99 Europe: Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 100 Europe: Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 101 Europe: Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 102 France: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 103 France: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 104 Germany: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 105 Germany: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 106 Spain: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 107 Spain: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 108 Italy: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 109 Italy: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 110 Uk: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 111 Uk: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 112 Rest of Europe: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 113 Rest of Europe: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 114 Asia-Pacific: Egg Replacers Market, by Country, 2019-2023 (USD Million)
Table 115 Asia-Pacific: Egg Replacers Market, by Country, 2024-2029 (USD Million)
Table 116 Asia-Pacific: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 117 Asia-Pacific: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 118 Asia-Pacific: Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 119 Asia-Pacific: Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 120 Asia-Pacific: Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 121 Asia-Pacific: Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 122 Asia-Pacific: Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 123 Asia-Pacific: Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 124 Asia-Pacific: Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 125 Asia-Pacific: Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 126 China: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 127 China: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 128 Japan: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 129 Japan: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 130 India: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 131 India: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 132 Australia & New Zealand: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 133 Australia & New Zealand: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 134 Rest of Asia-Pacific: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 135 Rest of Asia-Pacific: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 136 South America: Egg Replacers Market, by Country, 2019-2023 (USD Million)
Table 137 South America: Egg Replacers Market, by Country, 2024-2029 (USD Million)
Table 138 South America: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 139 South America: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 140 South America: Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 141 South America: Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 142 South America: Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 143 South America: Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 144 South America: Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 145 South America: Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 146 South America: Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 147 South America: Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 148 Brazil: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 149 Brazil: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 150 Argentina: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 151 Argentina: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 152 Rest of South America: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 153 Rest of South America: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 154 Row: Egg Replacers Market, by Country, 2019-2023 (USD Million)
Table 155 Row: Egg Replacers Market, by Country, 2024-2029 (USD Million)
Table 156 Row: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 157 Row: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 158 Row: Egg Replacers Market, by Ingredient, 2019-2023 (Kt)
Table 159 Row: Egg Replacers Market, by Ingredient, 2024-2029 (Kt)
Table 160 Row: Egg Replacers Market, by Application, 2019-2023 (USD Million)
Table 161 Row: Egg Replacers Market, by Application, 2024-2029 (USD Million)
Table 162 Row: Egg Replacers Market, by Source, 2019-2023 (USD Million)
Table 163 Row: Egg Replacers Market, by Source, 2024-2029 (USD Million)
Table 164 Row: Egg Replacers Market, by Form, 2019-2023 (USD Million)
Table 165 Row: Egg Replacers Market, by Form, 2024-2029 (USD Million)
Table 166 Africa: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 167 Africa: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 168 Middle East: Egg Replacers Market, by Ingredient, 2019-2023 (USD Million)
Table 169 Middle East: Egg Replacers Market, by Ingredient, 2024-2029 (USD Million)
Table 170 Overview of Strategies Adopted by Key Players in Egg Replacers Market, 2020-2024
Table 171 Egg Replacers Market: Degree of Competition, 2020-2024
Table 172 Egg Replacers Market: Region Footprint
Table 173 Egg Replacers Market: Ingredient Footprint
Table 174 Egg Replacers Market: Application Footprint
Table 175 Egg Replacers Market: Source Footprint
Table 176 Egg Replacers Market: Key Startups/Smes
Table 177 Egg Replacers Market: Competitive Benchmarking of Key Startups/Smes, 2023
Table 178 Egg Replacers Market: Product Launches, January 2020-July 2024
Table 179 Egg Replacers Market: Deals, January 2020-July 2024
Table 180 Egg Replacers Market: Expansions, January 2020-July 2024
Table 181 Cargill, Incorporated: Company Overview
Table 182 Cargill, Incorporated: Products/Solutions/Services Offered
Table 183 Cargill, Incorporated: Deals
Table 184 Cargill, Incorporated: Expansions
Table 185 Arla Foods Ingredients Group: Company Overview
Table 186 Arla Foods Ingredients Group: Products/Solutions/Services Offered
Table 187 Arla Foods Ingredients Group: Deals
Table 188 Adm: Company Overview
Table 189 Adm: Products/Solutions/Services Offered
Table 190 Adm: Product Launches
Table 191 Adm: Deals
Table 192 Adm: Expansions
Table 193 Kerry Group plc: Company Overview
Table 194 Kerry Group plc: Products/Solutions/Services Offered
Table 195 Kerry Group plc: Deals
Table 196 Kerry Group plc: Product Launches
Table 197 Ingredion: Company Overview
Table 198 Ingredion: Products/Solutions/Services Offered
Table 199 Ingredion: Product Launches
Table 200 Ingredion: Deals
Table 201 Ingredion: Expansions
Table 202 Tate & Lyle: Company Overview
Table 203 Tate & Lyle: Products/Solutions/Services Offered
Table 204 Puratos: Company Overview
Table 205 Puratos: Products/Solutions/Services Offered
Table 206 Puratos: Deals
Table 207 Corbion: Company Overview
Table 208 Corbion: Products/Solutions/Services Offered
Table 209 Glanbia plc: Company Overview
Table 210 Glanbia plc: Products/Solutions/Services Offered
Table 211 Glanbia plc: Deals
Table 212 Dupont: Company Overview
Table 213 Dupont: Products/Solutions/Services Offered
Table 214 Mgp: Company Overview
Table 215 Mgp: Products/Solutions/Services Offered
Table 216 Danone: Company Overview
Table 217 Danone: Products/Solutions/Services Offered
Table 218 Fiberstar, Inc: Company Overview
Table 219 Fiberstar, Inc: Products/Solutions/Services Offered
Table 220 J&K Ingredients: Company Overview
Table 221 J&K Ingredients: Products/Solutions/Services Offered
Table 222 J&K Ingredients: Deals
Table 223 Aak Foods: Company Overview
Table 224 Aak Foods: Products/Solutions/Services Offered
Table 225 Eat Just, Inc.: Company Overview
Table 226 Egg’N’Up Ltd: Company Overview
Table 227 Plantmade: Company Overview
Table 228 Revyve: Company Overview
Table 229 Palsgaard: Company Overview
Table 230 Florida Food Products: Company Overview
Table 231 Zero Egg: Company Overview
Table 232 Crespel & Deiters Group: Company Overview
Table 233 Plant B: Company Overview
Table 234 Yo Eggs: Company Overview
Table 235 Adjacent Markets to Egg Replacers Market
Table 236 Soy Protein: Meat Substitutes Market, by Region, 2017-2020 (USD Million)
Table 237 Soy Protein: Meat Substitutes Market, by Region, 2021-2027 (USD Million)
Table 238 Concentrates: Pea Protein Market, by Region, 2020-2023 (USD Million)
Table 239 Concentrates: Pea Protein Market, by Region, 2024-2029 (USD Million)
List of Figures
Figure 1 Egg Replacers Market Segmentation
Figure 2 Egg Replacers Market: Research Design
Figure 3 Egg Replacers Market: Demand-Side Calculation
Figure 4 Egg Replacers Market Size Estimation Steps And Respective Sources: Supply Side
Figure 5 Egg Replacers Market: Supply-Side Analysis
Figure 6 Data Triangulation Methodology
Figure 7 Egg Replacers Market, by Ingredient, 2024 Vs. 2029 (USD Million)
Figure 8 Egg Replacers Market, by Application, 2024 Vs. 2029 (USD Million)
Figure 9 Egg Replacers Market, by Form, 2024 Vs. 2029 (USD Million)
Figure 10 Egg Replacers Market, by Source, 2024 Vs. 2029 (USD Million)
Figure 11 Egg Replacers Market: Market Share (2023) and CAGR (2024-2029), by Region
Figure 12 Rising Awareness Among Consumers Regarding Vegan Diets and Increasing Egg Costs to Drive Market
Figure 13 Dairy Protein Segment & Us to Account for Largest Shares in 2024
Figure 14 Us Estimated to Account for Largest Market Share in 2024
Figure 15 Dairy Protein Segment to Occupy Largest Market Share During Forecast Period
Figure 16 Bakery & Confectionery Segment to Dominate Market During Forecast Period
Figure 17 Plant Segment to Account for Largest Market Share During Forecast Period
Figure 18 Dry Segment to Occupy Largest Market Share During Forecast Period
Figure 19 Us: Plant-Based Egg Sales, USD Million (2019-2022)
Figure 20 Market Dynamics: Egg Replacers Market
Figure 21 Motivations for Following Eating Pattern/Diet (%)
Figure 22 Adoption of Gen Ai in Egg Replacers Production Process
Figure 23 Egg Replacers Market: Value Chain Analysis
Figure 24 Export Value of Hs Code 210610: Key Countries, 2019-2023 (USD Thousand)
Figure 25 Import Value of Hs Code 210610: Key Countries, 2019-2023 (USD Thousand)
Figure 26 Average Selling Price Trend of Egg Replacers Among Key Players, by Ingredient, 2023
Figure 27 Average Selling Price Trend, by Ingredient, 2019-2023
Figure 28 Average Selling Price Trend of Dairy Protein Ingredient, by Region, 2019-2023 (USD/Kg)
Figure 29 Average Selling Price Trend of Starch, by Region, 2019-2023 (USD/Kg)
Figure 30 Average Selling Price Trend of Algal Flour, by Region, 2019-2023 (USD/Kg)
Figure 31 Average Selling Price Trend of Soy-Based Products, by Region, 2019-2023 (USD/Kg)
Figure 32 Average Selling Price Trend of Other Ingredients, by Region, 2019-2023 (USD/Kg)
Figure 33 Key Stakeholders in Egg Replacers Market Ecosystem
Figure 34 Egg Replacers Market: Trends/Disruptions Impacting Customers’ Businesses
Figure 35 Patents Granted for Egg Replacers Market, 2014-2024
Figure 36 Egg Replacers Market: Regional Analysis of Patents Granted, 2014-2024
Figure 37 Egg Replacers Market: Porter’S Five Forces Analysis
Figure 38 Influence of Stakeholders on Buying Process for Top Two Sources
Figure 39 Key Buying Criteria for Top Two Sources
Figure 40 Investment & Funding Scenario of Major Players
Figure 41 Bakery & Confectionery Application to Dominate Market During Forecast Period
Figure 42 Dairy Protein Expected to Dominate Market During Forecast Period
Figure 43 Plant Source Projected to Dominate Market During Forecast Period
Figure 44 Dry Form Expected to Dominate Market During Forecast Period
Figure 45 Global Investment in Plant-Based Companies, 2017-2021
Figure 46 Italy Expected to Grow at Highest CAGR During Forecast Period
Figure 47 North America: Egg Replacers Market Snapshot
Figure 48 Europe: Egg Replacers Market Snapshot
Figure 49 Key Motivations for Changing Consumer Dietary Preferences, 2020
Figure 50 South America: Consumer Motivations for Inclination Toward Plant-Based Foods, 2020
Figure 51 Brazil: Revenues of Food Retail Industry, 2018-2022
Figure 52 Annual Revenue Analysis of Key Players, 2019-2023 (USD Billion)
Figure 53 Share of Leading Companies in Egg Replacers Market, 2023
Figure 54 Ranking of Top Five Players in Egg Replacers Market, 2023
Figure 55 Egg Replacers Market: Company Evaluation Matrix (Key Players), 2023
Figure 56 Egg Replacers Market: Company Footprint
Figure 57 Egg Replacers Market: Company Evaluation Matrix (Startups/Smes), 2023
Figure 58 Company Valuation of Few Major Players (USD Billion)
Figure 59 Ev/Ebitda of Key Companies
Figure 60 Egg Replacers Market: Brand/Product Comparative Analysis, by Key Brand
Figure 61 Cargill, Incorporated: Company Snapshot
Figure 62 Arla Foods Ingredients Group: Company Snapshot
Figure 63 Adm: Company Snapshot
Figure 64 Kerry Group plc: Company Snapshot
Figure 65 Ingredion: Company Snapshot
Figure 66 Tate & Lyle: Company Snapshot
Figure 67 Puratos: Company Snapshot
Figure 68 Corbion: Company Snapshot
Figure 69 Glanbia plc: Company Snapshot
Figure 70 Dupont: Company Snapshot
Figure 71 Mgp: Company Snapshot
Figure 72 Danone: Company Snapshot

Companies Mentioned

  • Cargill, Incorporated
  • Arla Foods Ingredients Group
  • Adm
  • Kerry Group plc
  • Ingredion
  • Tate & Lyle
  • Puratos
  • Corbion
  • Glanbia plc
  • Dupont
  • Mgp
  • Danone
  • Fiberstar, Inc
  • J&K Ingredients
  • Aak Foods
  • Eat Just, Inc.
  • Egg’N’Up Ltd
  • Plantmade
  • Revyve
  • Palsgaard
  • Florida Food Products
  • Zero Egg
  • Crespel & Deiters Group
  • Plant B
  • Yo Eggs

Table Information

Report AttributeDetails
No. of Pages261
PublishedJuly 2024
Forecast Period2024 - 2029
Estimated Market Value ( USD ) in 2024 $ 2.3 Billion
Forecasted Market Value ( USD ) by 2029 $ 3.3 Billion
Compound Annual Growth Rate8.0%
Regions CoveredGlobal
No. of Companies Mentioned25

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