Egg Replacers Market Size - By Functionality (Binding, Emulsification, Leavening, Moisture Retention, Texture Enhancement), By Application (Bakery & Confectionery, Dairy Products, Sauces & Dressings, Beverages), Source & Global Forecast, 2023

Description

List of Tables

Egg replacers market size is expected to record 6.5% CAGR from 2023 to 2032 due to evolving consumer preferences and heightened health consciousness. The burgeoning trend of veganism and vegetarianism, coupled with the escalating prevalence of egg allergies and cholesterol-related health concerns, has fueled the demand for egg substitutes across various food & beverage applications. According to a recent study, the global vegan market will reach over USD 22 billion by 2025.

The growing emphasis on sustainable and cruelty-free food production practices has significantly contributed to the market growth, fostering the development of innovative and environmentally friendly egg replacement solutions. In May 2023, Float Foods, a Singapore-based company, launched OnlyEg poached eggs and OnlyEg Egg Yolk, as the first commercially available plant-based egg alternative in Asia.

The overall egg replacers market is divided based on functionality, application, source, and region.

The animal-based segment is expected to witness substantial growth through 2032 as key players are investing in R&D activities to create sustainable and ethical alternatives, promoting the use of ethically sourced eggs in the production of egg replacers. This approach aims to cater to the consumers' preference for products that mimic the taste and texture of conventional eggs while aligning with their ethical considerations.

The dairy products segment is predicted to generate significant revenues from 2023 to 2032 owing to the rising adoption of egg substitutes in various dairy-based products. As consumers increasingly seek healthier alternatives, manufacturers are integrating egg replacers into a wide range of dairy products, including ice creams, yogurts, and cheese, to enhance nutritional value and cater to the growing demand for plant-based dairy alternatives. This trend is expected to continue fostering the usage of egg replacers in the dairy products application throughout the forecast period.

Asia Pacific egg replacers market size is anticipated to record significant growth through 2032 due to the growing awareness regarding the health benefits associated with plant-based diets, coupled with the rising disposable incomes of consumers. Moreover, the increasing prevalence of lifestyle-related health issues has prompted a shift toward healthier and sustainable dietary choices, further stimulating the adoption of egg replacers in the Asia Pacific region.

Product Code: 6480

Chapter 1 Methodology & Scope

1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
- 1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Egg replacers industry 360 degree synopsis, 2018 - 2032
2.2 Business trends
2.3 Source trends
2.4 Functionality trends
2.5 Application trends
2.6 Regional trends

Chapter 3 Egg Replacers Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
- 3.3.1 By source
- 3.3.2 By functionality
- 3.3.3 By application
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
- 3.5.1 U.S.
- 3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
- 3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Global company market share analysis, 2022
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Egg Replacers Market Size and Forecast, By Source 2018 - 2032

5.1 Plant based
5.2 Animal based

Chapter 6 Egg Replacers Market Size and Forecast, By Functionality 2018 - 2032

6.1 Binding
6.2 Emulsification
6.3 Leavening
6.4 Moisture Retention
6.5 Texture Enhancement

Chapter 7 Egg Replacers Market Size and Forecast, By Application 2018 - 2032

7.1 Bakery and Confectionery
7.2 Dairy Products
7.3 Sauces and Dressings
7.4 Beverages
7.5 Others

Chapter 8 Egg Replacers Market Size and Forecast, By Region 2018 - 2032

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Indonesia
- 8.4.7 Malaysia
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
8.6 MEA
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Egypt

Chapter 9 Company Profiles

9.1 Cargill Inc.
9.2 DuPont Nutrition & Health
9.3 Kerry Group
9.4 Glambia Plc.
9.5 Tate and Lyle and Ingredion Inc.
9.6 Corbion Puratos
9.7 Danone Nutricia
9.8 Flordia Food Products LLC
9.9 FIberstar Inc.
9.10 MGP Ingredients
9.11 Vitapro S.A
9.12 Future Food Ingredients
9.13 The Real Good Food Company LLC
9.14 Calysta, Inc
9.15 Stern-Wywiol Gruppe