As per the current market research conducted by CMI Team, the global Egg Replacement Ingredients Market size is expected to record a CAGR of 6.5% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 1152.23 million. By 2032, the valuation is anticipated to reach USD 1267.53 million.
Egg Replacement Ingredients Market: Dynamics
- Health and Wellness Trends: The growing emphasis on health-conscious and wellness-driven lifestyles has fueled the demand for egg replacement ingredients as consumers seek alternatives that align with their dietary preferences and health goals.
- Rising Allergen Awareness: Increased awareness of allergies and intolerances, particularly to eggs, has driven the demand for egg replacement ingredients to cater to individuals with specific dietary needs.
- Plant-Based and Vegan Diets: The surge in popularity of plant-based and vegan diets has led to heightened demand for egg replacement ingredients, providing plant-derived options for those seeking animal-free alternatives.
- Functional Properties: The ability of egg replacement ingredients to replicate the functional properties of eggs, such as binding, leavening, and emulsification, has made them indispensable in various food applications.
- Innovation in Food Technology: Advances in food science and technology have led to the development of more sophisticated egg replacement ingredients that closely mimic the sensory and functional attributes of eggs.
- Sustainability and Environmental Concerns: As consumers become more environmentally conscious, the use of egg replacement ingredients can contribute to sustainability efforts by reducing the environmental impact associated with egg production.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 1163.76 Million |
| Projected Market Size in 2032 | USD 1267.53 Million |
| Market Size in 2022 | USD 1152.23 Million |
| CAGR Growth Rate | 6.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application, Form and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Egg Replacement Ingredients Market: COVID-19 Analysis
Initial Disruptions and Supply Chain Challenges:
- The pandemic led to disruptions in global supply chains, affecting the availability of raw materials and ingredients used in egg replacement products.
- Lockdowns, restrictions, and reduced workforce in manufacturing facilities and distribution channels caused initial supply shortages and logistic challenges.
The shift in Consumer Behavior:
- The pandemic prompted changes in consumer behaviour, with a focus on health and wellness becoming more pronounced.
- A rising interest in plant-based diets and immunity-boosting foods drove consumer demand for egg replacement ingredients as part of a health-conscious lifestyle.
Restaurant and Food Service Impact:
- The closure of restaurants, cafes, and other food service establishments led to a decline in demand for bulk egg replacement products used in commercial settings.
- However, as consumers cooked more at home, there was an uptick in demand for retail-packaged egg replacement products.
E-commerce Growth:
- The surge in online shopping and e-commerce platforms provided opportunities for consumers to access a wider range of egg replacement products.
- E-commerce facilitated direct-to-consumer sales and allowed manufacturers to reach consumers directly.
List of the prominent players in the Egg Replacement Ingredients Market:
- Ingredion Inc.
- Cargill Inc.
- Archer Daniels Midland Company
- Ener-G Foods Inc.
- Glanbia plc
- Corbion NV
- Tate & Lyle PLC
- DuPont de Nemours Inc.
- Puratos Group NV
- Kerry Group plc
- Koninklijke DSM N.V.
- Fiberstar Inc.
- MGP Ingredients Inc.
- DowDuPont Inc.
- TerraVia Holdings Inc.
- The Scoular Company
- Arla Foods amba
- Euroduna Food Ingredients GmbH
- Suedzucker AG
- Others
The Egg Replacement Ingredients Market is segmented as follows:
By Type
- Bakery & confectionery
- Mayonnaise & sauces
- Others
By Application
- Liquid and powder form
By Form
- Plant and Animal
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America