The global egg replacer market is estimated to be worth USD 1.4 billion by 2024 and is projected to reach a value of USD 2.5 billion by 2034 reflecting a CAGR of 6.0% over the assessment period 2024 to 2034.
Egg replacers are culinary products designed to substitute eggs in various recipes, imitating the binding properties of eggs in food preparations. They are widely used as alternatives to eggs in numerous meals and baked goods, such as cakes and cookies. The growing fame of egg replacers can be attributed to their extended shelf life and their suitability for individuals with specific dietary needs, such as food allergies.
Post-pandemic shifts in consumer preferences towards healthier eating habits and lifestyles have significantly increased the demand for healthier, dairy-free products and animal derived as well. Customers are increasingly inclined towards nutritious, balanced diets that are plant-based and organic. Egg replacers, rich in protein, vital nutrients, and other dietary benefits, meet the needs of health-conscious consumers, which is expected to drive substantial growth in the egg replacer market.
| Attributes | Key Insights |
|---|---|
| Estimated Global Egg Replacer Market Size (2024E) | USD 1.4 billion |
| Projected Egg Replacer Market Value (2034F) | USD 2.5 billion |
| Value-based CAGR (2024 to 2034) | 6.0% |
| Top 3 Countries’ Value Share | 23.8% |
The bakery industry, in particular, is seeing an increased use of egg replacers in the preparation of cakes and cookies. As the confectionery industry expands and the demand for vegan baked goods rises, the need for egg replacers is projected to surge. The growing consumer interest in dairy-free products, including milk and egg substitutes, presents significant market opportunities for egg replacers, which offer all the essential nutrients of eggs while being completely dairy-free and vegan.
Altogether, health concerns and evolving lifestyle choices are key factors behind the rising consumer preference for egg replacers. Increased awareness of the cholesterol content in eggs, which can contribute to cardiovascular diseases, is propelling the demand for egg substitutes. Additionally, economic factors such as the high cost of eggs, challenges in transporting and storing fresh eggs, limited cold-chain distribution, and their short shelf life have led producers to seek egg alternatives.
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| Particular | Value CAGR |
|---|---|
| H1 | 5.3% (2023 to 2033) |
| H2 | 5.8% (2023 to 2033) |
| H1 | 5.9% (2024 to 2034) |
| H2 | 6.1% (2024 to 2034) |
The above table presents the expected CAGR for the global egg replacer market over several semi-annual periods spanning from 2024 to 2034. In the first half (H1) of the decade from 2023 to 2033, the business is predicted to surge at a CAGR of 5.3%, followed by a slightly higher growth rate of 5.8% in the second half (H2) of the same decade.
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is projected to increase slightly to 5.9% in the first half and remain relatively moderate at 6.1% in the second half. In the first half (H1) the market witnessed a increase of 60 BPS while in the second half (H2), the market witnessed an increase of 30 BPS.
Plant-Based Sauces and Dressings Drive Egg Replacer Demand
In recent years, there has been a noticeable shift in the culinary landscape towards plant-based alternatives, and this trend extends prominently to sauces and dressings. Traditionally rich in egg ingredients for their emulsifying properties, these culinary staples are being reformulated to cater to a broader audience.
The plant-based movement, once primarily the domain of vegans and vegetarians, now includes "flexitarians"-individuals who diversify their diets with more plant-based options. This shift is especially pronounced among younger adults, with only 25% of 15-29 year-olds avoiding plant-based alternatives compared to 51% of those aged 60 and above.
Manufacturers are increasingly exploring egg replacers to overcome challenges such as price volatility, supply issues, and hygiene concerns, while also aligning with the growing demand for plant-based products. By substituting egg yolks, producers can deliver sauces and dressings that maintain the desired thickness, flavor, and mouthfeel without compromising on quality.
These plant-based alternatives offer numerous benefits, including being cholesterol-free, reduced in fat and calories, allergen-free, and more cost-effective. This trend not only addresses health-conscious consumer preferences but also supports the sustainability and ethical considerations driving the modern food industry.
Egg Shortage Crisis Due to Avian Influenza
The poultry industry is currently facing a critical egg shortage crisis, precipitated by the rampant spread of avian influenza, particularly in North America. This highly pathogenic strain of the virus has wreaked havoc on poultry farms, leading to the culling of millions of chickens and turkeys to contain the outbreak. These measures, while necessary for disease control, have inflicted significant financial losses on poultry producers and resulted in a substantial reduction in egg supply.
As a direct consequence of this egg shortage, food manufacturers are urgently exploring alternatives to eggs to sustain their production levels and meet consumer demand. The scarcity of eggs has accelerated the adoption of egg substitutes across various food products. Manufacturers are turning to plant-based and other non-egg ingredients to replicate the functional and nutritional properties of eggs in their products.
This crisis underscores the need for reliable and sustainable alternatives in the food industry, highlighting the vulnerabilities in traditional supply chains. The rapid shift towards egg substitutes not only addresses the immediate supply challenges but also paves the way for long-term resilience against future disruptions.
By diversifying their ingredient base, food producers can mitigate the risks associated with dependence on a single source of essential ingredients like eggs. This trend towards egg substitutes is set to continue, driven by both necessity and the growing consumer preference for plant-based options.
Easy Availability of Raw Materials for Egg Substitutes
The production of egg substitutes is significantly bolstered by the easy availability of plant-based raw materials such as wheat, corn, potatoes, soy, and algae. These ingredients are not only extensively cultivated worldwide but are also highly adaptable to various climatic conditions, which enhances their economic viability. The widespread cultivation of these plants ensures a steady and abundant supply, reducing the risk of shortages and ensuring a stable production pipeline for egg substitutes.
The affordability of these raw materials further strengthens the case for egg substitutes. The low cost of production translates into cost-effective end products, making egg substitutes accessible to a broad consumer base. This economic advantage is particularly crucial in the context of the current egg shortage crisis, as it allows manufacturers to meet the growing demand for alternatives without significant price increases.
Moreover, the scalability of egg substitute production is a key benefit derived from the easy availability of these raw materials. Manufacturers can ramp up production to meet industry demands swiftly, making egg substitutes a viable long-term solution to egg shortages. This scalability is essential not only for addressing immediate supply chain disruptions but also for supporting the increasing consumer preference for plant-based and sustainable food options.
In summary, the easy availability and economic viability of plant-based raw materials are driving the growth and adoption of egg substitutes. This trend underscores the importance of diversified and resilient food production systems that can adapt to supply chain challenges while meeting the evolving demands of consumers.
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According to the FMI analysis, global egg replacer sales grew at a CAGR of 5.5% from 2019 to 2023. For the next ten years, the worldwide industry for egg replacers is forecast to progress at 6.0% CAGR.
There is a rising health awareness and concerns witnessed about the negative impacts of eggs and related by-products on health. This has resulted in a shift in customers’ interest towards egg substitutes that can offer health benefits and help in overall well-being. Egg replacer caters to this demand due to the health benefits it offers when compared to eggs.
Due to the evolving trends in food consumption, customers’ food choices have shifted towards searching alternatives for milk, egg, gluten and meat-based food products. The requirement for egg replacement is driven by many factors such as health problems that can be caused by several dietary restrictions, dietary preferences, different religious or lifestyle choices consumers and sustainability. All these factors contribute to the elevating demand for egg replacers by 2033.
Rising consumer preferences for healthier and nutrient-rich food products have resulted in researchers looking for alternatives to traditional bakery products such as eggs, refined wheat flour, and butter. Research on different egg replacers will help manufacturers in producing a healthier product without any change in taste, texture and appearance. The egg alternatives deliver the same properties as that of eggs and at a much lower cost.
Collaborations with Health professionals and specialists will enable the development of specialized products that will offer to the specific dietary needs of the customers and provide them with products that help in overall well-being. By catering to the specific needs of the customers, there is a great opportunity for egg manufacturers that will spurt the Egg Replacer industry within the forecasted period.
The egg replacer category is characterized by its high fragmentation, with a broad spectrum of companies ranging from global powerhouses like Cargill and ADM to small-scale ingredient manufacturers. These leading firms dominate the sales with their extensive production capabilities, sophisticated technological infrastructure, and comprehensive product portfolios.
Their ability to meet stringent regulatory standards and maintain robust distribution networks enables them to capture a significant portion of the category share globally. In contrast, mid-sized and smaller companies, while not possessing the same global reach, play a crucial role in specific regions.
These smaller firms often focus on niche industries, offering specialized products that cater to localized demands and specific dietary needs. This diversity in egg replacer players fosters a competitive environment where innovation thrives, ensuring a wide array of egg replacer products to meet the evolving preferences of health-conscious and environmentally aware consumers.
The presence of both large and small companies within the industry ensures a dynamic industry landscape, driving continuous advancements and catering to a diverse range of consumer needs and preferences.
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The following table shows the estimated growth rates of the top five countries. Japan and India are set to exhibit high freeze-dried food consumption, recording CAGRs of 7.1% and 8.9%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
|---|---|
| United States | 4.0% |
| Germany | 5.3% |
| Japan | 7.1% |
| China | 4.8% |
| India | 8.9% |
According to FMI analysis, the United States Egg Replacer industry is poised to exhibit a CAGR of 4.0% during the assessment period. As about 39% of Americans are trying to opt for plant-based foods in their diets, and are replacing eggs with plant-based alternatives for egg.
This has generated an opportunity for food manufacturers to produce products that align with consumers’ needs. Plant-based foods are generally associated with positive health benefits and sustainability. Consumers in America are choosing egg-free options to maintain cholesterol levels and prevent egg allergies and also to support sustainable and animal-friendly food products.
Egg Replacer demand in India is anticipated to rise at a steady CAGR of 8.9% during the forecast period from 2023 to 2033. As per studies egg is one of the major food allergens. Egg allergies affect about an estimation of 0.5%-2.5% of young children.
The most common symptoms of food allergies caused by eggs range from mild rash to anaphylaxis. According to an analysis done by FMI, it is suggested that as one of the eight major food allergens, eggs must be included on a food product’s allergen information statement or on its ingredient statement to make consumers aware of its presence.
As the presence of eggs in any food product, without the customers’ knowledge can prevent them from opting for allergen-free options. This can result in causing food allergies. These factors will lead to an increased usage of egg replacers in the Indian end use industry.
Furthermore, Chickens under unhygienic conditions carry Salmonella bacteria, which gets transmitted to their eggs at a very early stage. This bacterium has caused an estimated of about 1 million cases of foodborne illness in the country annually. This has resulted in manufacturers looking for egg substitutes in food production which will eventually lead to surging egg replacer sales.
| Segment | Form (Dry) |
|---|---|
| Value Share (2024) | 67.5% |
By form, egg replacer category is segmented into dry and liquid. Among these, Dey Egg Replacer is expected to hold a dominant market share of about 67.5% in 2024.
The shelf life of dry egg substitutes is much longer than that of liquid egg substitutes. They can be kept for a long time without spoilage or losing their effectiveness. Because of this, they are more practical and economical, especially for irregular use.
Dry egg substitutes are frequently sold in powdered form, making them portable and simple to store. Additionally, their light weight makes them easier to transport or use in locations where liquid egg substitutes would not be as useful.
| Segment | Ingredient (Dairy Proteins) |
|---|---|
| Value Share (2024) | 32.4% |
By ingredients, egg replacer category is segmented into- Dry Proteins, Starch, Algal Flour and Soy-based Proteins. Among these, Dairy Protein Ingredients are expected to gain traction by 2034.
Dairy proteins egg replacers generally provide nutritional benefits similar to that of eggs. They contain essential amino acids, vitamins, and minerals, which makes them a suitable replacement for eggs in terms of nutritional value. They provide protein and contribute to the overall well-being of the customers.
The industry for egg replacer can be described as being somewhat fragmented. There are several significant companies, both MNCs and SMEs. Although there are reputable suppliers and producers, there is no dominant single player or a small group of businesses that control the entire production.
Key major businesses are eager to make commitments to acquisitions, partnerships, and mergers to increase their company share. Collaborations with Health professionals and specialists will enable the development of specialized dairy products that will offer to the specific dietary needs of the customers and provide them with products that help in overall well-being.
For Instance, In August 2021: a plant-based food tech company that offers natural and whole, plant-based food products for health-conscious consumers, named- Nabati Foods Global Inc., launched its own liquid-eggplant-based product, in the United States.
As per form the industry has been categorized into Dry, Liquid
This segment is further categorized into Dairy Proteins, Starch, Algal Flour and Soy-based Products
Application further Includes Biscuits, Chocolates, Cakes, Mayonnaise, Pasta, Noodles and Breads Swine
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa
The egg replacer industry is estimated to reach a valuation of about USD 1.5 billion in 2024.
The global egg replacer industry value is projected to reach USD 2.5 billion by 2034.
Global egg replacer category demand is expected to increase at a CAGR of around 6.0% through 2034.
North America is expected to have a market share of 28.9% by the end of 2034.
Global demand for egg replacer registered a CAGR of 6.0% historically, from 2019 to 2023.
By form, egg replacer category is segmented into dry and liquid. Among these, dry egg replacer is expected to hold a dominant market share of about 67.5%.
1. Executive Summary 2. Industry Introduction, Including Taxonomy and Market Definition 3. Market Trends and Success Factors, Including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Form 6.2. Ingredients 6.3. Application 6.4. Region 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Form 7.1. Dry 7.2. Liquid 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Ingredients 8.1. Dairy Proteins 8.2. Starch 8.3. Algal Flour 8.4. Soy-based Products 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application 9.1. Biscuits 9.2. Chocolates 9.3. Cakes 9.4. Mayonnaise 9.5. Pasta 9.6. Noodles 9.7. Breads Swine 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Oceania Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Middle East and Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Sales Forecast 2024 to 2034 by Form, Ingredients, and Application for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. BASF SE 20.2. Corbion NV 20.3. Tate & Lyle Plc. 20.4. Glanbia plc. 20.5. Ingredion Incorporated 20.6. MGP Ingredients 20.7. Enter-G Foods, Inc. 20.8. Dupont De Nemours and Company 20.9. Fiberstar 20.10. Puratos 20.11. Danone Nutricia
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Egg Replacer Market
