The egg replacement ingredients market is anticipated to thrive at an average CAGR of 6.0% between 2023 and 2033. The market is expected to have a market share of US$ 2.19 billion by 2033, while it is likely to be valued at US$ 1.26 billion in 2023.
- The growing vegan population and the rising animal-loving population are garnering market growth. People getting more aware of animal commercialization and the disadvantages of the livestock industry is choosing to go with plant-based alternatives.
- New food businesses delivering similar taste and texture of meat have now introduced eggs with plant-based yolk, helping the end-users with low-fat cooking arrangements. The faux eggs are another concept that helps the market expand its roots.
- The egg replacement ingredients include nutritional and ethical benefits such as no cholesterol and higher heart benefits. Additionally, people allergic to eggs and any dish made from eggs are also a big consumer force in the market.
- The lower fat in a vegan egg also serves lower calories and protein, but the lower protein levels are comparatively limited. Hence, it becomes a better alternative to chicken eggs. Lastly, the strong force of authorities not supporting the mass breeding and fertility-supporting medications due to their adverse effects on animal and human health as well.
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Key Points
- The United States market leads the North American egg replacement ingredients market in terms of market share in North America. The United States held a market share of 21.1% in 2022. The factors attributed to the regional growth are the rising vegan movement and new brands launching enhanced and nutritious alternatives to meat and eggs. The growth is also due to the rising heart health concerns due to meat and egg consumption.
- The German egg replacement ingredients market held a market share of 4.3% in 2022. The market growth is caused by highly aware citizens, successful vegan campaigns, and higher performance of e-commerce platforms.
- The Indian market thrives at a steady CAGR of 9.7% between 2023 and 2033. The growth is attributed to higher consumption, increased demand for mixtures that can be used as an egg alternative, and easy availability of these ingredients is propelling the market growth.
- The Chinese market also thrives at a CAGR of 4.8% during the forecast period.
- Based on the ingredients type, the proteins segment leads the market as it held a market share of 21.7% in 2022
- Based on the application segment, the mayonnaise segment is leading, as it held a market share of 29.8% in 2022.
- Based on form, the powder segment dominates as it held a market share of 48.4% in 2022.
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Competitive Landscape
The key vendors focus on delivering accurate taste and texture. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
- Kerry Group has introduced the Hyfoama for egg white and gelatin applications. The plant and dairy-based protein hydrosalts are specially created to replace eggs in food and beverage applications.
- Archer Daniels Midland Company has launched its series of functional plant proteins that are likely to replace eggs or dairy.
Key Segments Covered
By Form:
- Dry
- Liquid
By Ingredient:
- Dairy Proteins
- Starch
- Algal Flour
- Soy-based Products
By Application:
- Bakery & Confectionery
- Savories
- Sauces
- Dressings & Spreads
By Distribution Channel:
- Convenience Stores
- Hypermarkets
- Departmental Stores
- Others
Key Regions Covered
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- Middle East and Africa (MEA)
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