The global Egg Substitute Market size is projected to exhibit phenomenal growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is anticipated to cross a valuation of USD 130.5 million in 2023. It is estimated to reach a valuation of USD 654.3 million by 2033. The market is expected to clock a staggering CAGR of 17.5% from 2023 to 2033.
Egg substitutes are commercial alternatives used in vegetarian baking and cooking to replace eggs as they do not affect the final product's taste or appearance. In terms of nutritional value, egg substitutes are similar to eggs. They are also cholesterol-free, gluten-free, and high in vitamins. With the widespread use of egg substitutes in products such as cakes, ice cream, cookies, mayonnaise, chocolates, custard, and other baked goods, sales are projected to increase at a steady pace.
Egg substitutes find application in products such as cakes, muffins, mayonnaise, chocolates, custard, ice cream, and cookies among others. Rising consumer awareness of healthy eating habits, along with changing lifestyles is expected to boost sales in the market. Consumers are adopting vegan diets across the globe, which is a key factor driving sales of egg substitutes. Shortage in egg supply due to avian influenza has led to increased cost of eggs. Therefore, demand for plant-based ingredients is expected to rise over the forecast period.
| Attributes | Details |
|---|---|
| Egg Substitute Market Value (2022) | USD 118.5 million |
| Egg Substitute Market Value (2023) | USD 130.5 million |
| Egg Substitute Market Value (2033) | USD 654.3 million |
| Egg Substitute Market Value (2023 to 2033) | 17.5% |
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In 2018, the global egg substitute market size stood at USD 984.5 million. From 2018 to 2022, the market witnessed substantial expansion, accounting for USD 118.5 million in 2022. The market expanded at a modest CAGR of 3.4% from 2018 to 2022.
Rising consumer awareness toward preventative healthcare and an inclination toward products with low cholesterol levels is spurring demand for effective egg substitutes. In response to this, manufacturers are offering vegan or vegetarian edible products that are allergen-free. Consumer demand for vegan foods is being fueled by increasing awareness of healthy food products. This is attributed to various diseases affecting animals as well as growing concerns about animal welfare.
Some individuals cannot palate egg or egg-based products due to allergies or the smell or taste. People may suffer from various problems such as skin reactions, stomach aches, vomiting, and nausea. This is compelling manufacturers to offer products without egg or egg ingredients.
Egg supply shortage due to avian influenza, increasing demand for plant-based ingredients, and the rising cost of eggs are some factors expected to boost the global egg substitute market over the forecast period. Furthermore, governments of various countries across the globe support the use of organic, natural, and non-GMO food ingredients.
Regulatory bodies such as Food & Drug Administration (FDA) in North America and (European Food Safety Authority) EFSA in Europe are becoming stringent regarding ingredients used in food and pharmaceutical products and their proper labeling. This in turn is expected to augment the growth in the market over the forecast period.
Based on form, the market is categorized into dry and wet. The dry segment captured a 72.40% market share in 2022. The growth is ascribable to the high versatility of egg substitutes. They can be used in various types of recipes. They are easy to store and transport, which increases distribution channel efficacy. They can be more cost-effective than buying fresh eggs, which boosts their consumption across consumers.
Dry egg substitutes are also low in cholesterol and fat levels, which increases their adoption. They are easy to measure and mix with other ingredients, which is a prominent factor surging their popularity among bakers.
According to the source, egg substitute is obtained from plant and animals. Out of these, the plant source segment holds the lion’s share in the market. Plant-sourced egg substitutes are widely available and affordable too. Surging demand for plant-based ingredients is expected to push sales in the market.
Ingredients such as agar, starch, and soy are procured from plants, which are later used in plant-based egg substitute formulations. Nonetheless, animal-sourced egg substitutes are expected to witness notable growth in the coming years. In 2022, the animal source segment captured 36.70% market share.
Dairy protein ingredients are used in egg substitutes as they offer similar functional properties to eggs. Casein and whey protein are commonly used dairy proteins in egg substitutes. The segment accounted for 37.80% market share in 2022. Egg substitutes that are made from dairy proteins witness high demand from consumers who have an intolerance to eggs. They are also cost-effective over other types of ingredients used in egg substitutes, which further promotes their adoption.
The baking and confectionery sector is expected to account for the maximum share of the global egg substitute market. These products offer a wide range of functional benefits such as better binding, emulsification, foaming, and taste enhancement, thereby driving sales. Customers are being forced to adopt healthy lifestyles due to the rising prevalence of health problems. They are looking for baked items that are gluten-free, plant-based, and non-GMO. In 2022, the bakery & confectionery segment occupied 34.60% of the market share worldwide.
| Segment | Form |
|---|---|
| Sub-segment | Dry |
| Market Share (2022) | 72.40% |
| Segment | Source |
|---|---|
| Sub-segment | Animal |
| Market Share (2022) | 36.70% |
| Segment | Ingredient |
|---|---|
| Sub-segment | Dairy Proteins |
| Market Share (2022) | 37.80% |
| Segment | Application |
|---|---|
| Sub-segment | Bakery & Confectionery |
| Market Share (2022) | 34.60% |
Surging demand for plant-based ingredients from the food & beverage sector in the United States is expected to place it as a significant pocket over the forecast period. As per FMI, the United States egg substitute market accounted for 29.0% of the total market share in 2022.
The increasing incidence of health issues such as obesity, diabetes, and blood pressure is compelling consumers to switch to a healthy lifestyle. They are seeking gluten-free, plant-based, and non-GMO products, especially in the bakery and confectionery sector. In response to this, manufacturers are launching gluten-free and non-GMO egg substitutes. For instance,
USA-based Fiberstar offers a non-GMO clean-label egg replacement ingredient to consumers.
The ingredient is derived from natural citrus fiber and enables partial or full replacement of eggs for food applications such as baked goods, gluten-free bakery products, mayonnaise, dairy-based desserts, and meat products.
Demand in the United Kingdom egg substitute market is projected to increase at a steady pace over the forecast period. Sales in the United Kingdom egg substitute market increased at a CAGR of 6.0% in 2022. Various government bodies in the United Kingdom are implementing new norms regarding animal welfare.
The price of eggs rose substantially after the legislation went into effect, due to which food manufacturers are switching toward egg substitutes. Besides this, the shifting preference for plant-based ingredients in packaged food products is expected to continue driving the United Kingdom market.
Sales in India’s market are driven by the rising awareness about the benefits of nutraceutical supplements. The increasing incidence of chronic disorders like high blood pressure, diabetes, arthritis, and knee problems is compelling consumers to prefer vegan or vegetarian packaged food products. This is expected to emerge as a key growth factor in the Indian market in the forthcoming years. In 2022, India’s egg substitute market accounted for 3.6% of global market shares.
| Country | CAGR (2022) |
|---|---|
| The United States | 29.0% |
| The United Kingdom | 6.0% |
| India | 3.6% |
Glanbia Plc., Kerry Group, Archer Daniels Midland Company, Ingredion Incorporated, DuPont Nutrition & Health, and Cargill Incorporated are all present in the worldwide egg substitute market. To expand their global presence, players are investing in mergers and acquisitions. They are also investing in research and development to expand their product portfolios. They also emphasize new product launches to occupy large consumer bases.
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; The Middle East & Africa (MEA) |
| Key Countries Covered | The United States, Canada, Germany, The United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASIAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
| Key Segments Covered | Form, Source, Ingredient, Application, Distribution Channel, Region |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The egg substitute market is expected to be valued at USD 130.5 million in 2023.
From 2018 to 2022, the market registered a CAGR of 3.4%.
The egg substitute market is expected to reach USD 654.3 million by 2033.
The United States egg substitute market may surge at a CAGR of 17% until 2023.
Health-conscious consumers, vegan trends, and versatile culinary applications.
| Estimated Market Size (2024E) | USD 14.1 billion |
|---|---|
| Projected Market Value (2034F) | USD 28.6 billion |
| Value-based CAGR (2024 to 2034) | 7.3% |
| Estimated Market Value (2024E) | USD 1,399.2 million |
|---|---|
| Projected Market Revenue (2034F) | USD 2,478.2 million |
| Value-based CAGR (2024 to 2034) | 5.9% |
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