Egg replacers are ingredients used in food products to replace the functionality of eggs. They are commonly used in vegan and allergy-friendly recipes, as well as in products targeting health-conscious consumers. The global egg replacers market size is projected to reach USD 3.3 billion by 2029 from USD 2.3 billion by 2024, at a CAGR of 8.0% during the forecast period in terms of value. The market for egg replacers is expected to grow, driven by innovations in food technology, increasing consumer awareness, and the expansion of plant-based and allergy-friendly products.
Egg Replacers Market Growth Drivers:
- Rising Veganism and Vegetarianism: Increased demand for plant-based diets drives the need for egg replacers.
- Allergy Concerns: Egg allergies are prompting the use of alternative ingredients.
- Health Consciousness: Consumers looking for lower cholesterol and healthier options fuel the market.
- Sustainability: Growing environmental awareness leads to a preference for sustainable and less resource-intensive ingredients.
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How Dry Egg Substitutes Are Expected to Capture the Largest Market Egg Replacers Market Share
This is because dry egg substitutes have a number of benefits that attracts both manufacturers and customers. They are useful and also affordable because they have a longer lifespan, simple to store and transport, and moreover there is no need to be refrigerated. Dry egg replacements are very easy to work with and incorporate into a variety of recipes by simply adding water, so they may still be used in baking and cooking applications. The previously mentioned benefits create dry egg substitutes a favored option in the food processing sector, driving their significant expansion and dominance.
Asia-Pacific's Egg Replacers Market: A Steady Growth Trajectory for the Forecast Period
The increasing urbanization in the Asia Pacific region and the rising middle-class population with higher disposable incomes boosts the consumption of convenience foods and bakery products where egg replacers are majorly consumed. The food industry push for sustainable and ethical sourcing is a major driver because like manufacturers, consumers also look to reduce the environmental impact associated with traditional egg production. Innovations in food technology have helped to develop egg replacers with the closest functional properties of eggs, such as binding, emulsification, and leavening, without any detrimental effect on taste or texture. A favorable regulatory regime that encourages government initiatives for betterment in food safety and quality standards indeed is encouraging for the adoption of egg replacers across the region. With multinational companies expanding further and increasing their presence, as well as domestic players entering the market, the competitive landscape also becomes dynamic enough to further give a boost to the growth in the market.
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- 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)
Exploring the Rapid Growth of Plant-Based Sources
One of the key drivers is the rising health and sustainability awareness on the part of consumers, with millions of people turning to plant-based diets daily in order to make a lesser impact on the environment and for all-around healthier lives. Second, plant-based egg replacers target many different dietary needs, from vegan to vegetarian and even those with an allergy to eggs, further broadening their market appeal. This demand is also being driven by the trend of clean labeling, through which consumers move toward products with simple and recognizable ingredients, and plant-based options are viewed as healthier with more of a natural feel. Advancements in food technology have significantly improved the taste, texture, and functionality of plant-based egg replacers, hence making the option considerably more attractive both for the consumer and the manufacturer. Of late, the trends—flexitarian diets, in particular—are gaining huge popularity among people who try as much as possible to reduce their consumption of meat and animal products without going into complete avoidance. And this forebodes an upsurge in the demand for plant-based alternatives.
Egg Replacers Industry Developments
- In July 2024, Revyve launched a yeast-based egg replacement ingredient tailored for plant-based burgers. This innovation leverages their expertise in creating texturizing ingredients from upcycled brewer’s yeast.
- In November 2022, Ingredion completed one-third of its $160 million investment plan, aimed at significantly boosting capacity for modified and clean label specialty starches across its global supply chain.
- In September 2022, Puratos formed a partnership with food tech company Shiru to explore and scale alternatives to egg proteins for baked goods. This collaboration will enable Puratos to prototype new ingredients for various baked goods, with Shiru accelerating their market introduction.
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