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Egg Replacement Ingredients Market

Egg Replacement Ingredients Market

Egg Replacement Ingredients Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

142

Base Year:

2022

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1436

Segments Covered
  • By Type By Type Dairy Protein, Starch, Algae Flour, Soy Based Products, Others
  • By Application By Application Bakery & Confectionary, Mayonnaise & Sauces, Others (RTE, RTC)
  • By Form By Form Solid, Liquid
  • By Source By Source Plant, Animal
  • By Region By Region North America, Asia Pacific, Europe, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 1202.53 Million
Revenue 2030Revenue 2030: USD 1817.70 Million
Revenue CAGRRevenue CAGR (2023 - 2030): 5.30%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Egg Replacement Ingredients Market Share

Market Synopsis:

Global Egg Replacement Ingredients Market valued at USD 1202.53 Million in 2022 and is projected to reach a value of USD 1817.70 Million by 2030 at a CAGR of 5.30% over the forecast period, 2022-2028.

The Egg Replacement Ingredients market is witnessing growth owing to the increasing prices of eggs, shortage of eggs, and various diseases associated with eggs like salmonella and other allergies. Moreover, growth in the vegan population is a major factor to drive the growth of the egg replacement ingredient market during the forecast period. Increasing acceptance of healthy eating habits and the increasing demand for vegan products are expected to promote the growth of the Egg Replacement Ingredients market during the forecast period. The growth in the demand for plant-based ingredients is projected to drive the growth of the Egg Replacement Ingredients market in the coming years. The shifting of consumers toward natural ingredients products like starch, soy, and agar which are naturally produced from plants is predicted to fuel the Egg Replacement Ingredients market in the years to come. However an increase in the cost of the final product, and the Egg Replacement Ingredients do not offer the same taste as that of eggs which is likely to hamper the growth of the Egg Replacement Ingredients market during the forecast period. Whereas, egg replacer provides better functionality along with no associated issues which could be a better opportunity for the Egg Replacement Ingredients market in the coming future.

Egg Replacement Ingredients Market Size, 2022 To 2030 (USD Million)

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Market Segmentation:

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

  • Competitive benchmarking
  • Historical data & forecasts
  • Company revenue shares
  • Regional opportunities
  • Latest trends & dynamics
  • Power BI Report (Dashboard)

Below tree is interactive. You can click the nodes to get more information.

Mayonnaise and Sauces Component is Expected to Dominate the Application Segment of the Market

Based on application, the mayonnaise and sauces is accounted to hold the largest market share during the forecast period. The increasing demand for fast foods are expected to drive the growth of the mayonnaise and sauces segment in the Egg Replacement Ingredients market during the forecast period. In addition, Mayonnaise is predicted to stay ahead of the curve in terms of revenue in the Egg Replacement Ingredients market.

The Plant Source is to Hold Largest Share During the Forecast Period

Based on the source, the plant segment is predicted to hold the largest share of the Egg Replacement Ingredients market during the forecast period. The increasing demand for plant-based ingredients and the shifting of the consumers toward the natural ingredient products such as soy, agar, and starch, which is expected to fuel the growth of the egg replacement ingredient market in the coming years.

North America is Projected to Acquire the Largest Share of the Market During the Forecast Period

North America is predicted to hold the largest share of the Egg Replacement Ingredients market during the forecast period. The growth of this region is mainly attributed to the increasing demand for products with improved shelf-life and the rising concerns associated with diet and health. The increasing population and the increasing demand for natural ingredients products are driving the growth of North America during the forecast period. Moreover, the rising investments in Egg Replacement Ingredients during the forecast period are likely to drive market growth in the coming years. Additionally, the increasing demand for vegan products and healthy diet requirements are contributing to the growth of Egg Replacement Ingredients during the forecast period.

The Asia Pacific is Predicted to Witness Significant Growth During the Forecast Period

Asia Pacific region is expected to witness the fastest-growing region owing to the growth in egg allergies among consumers. Moreover, the increasing adoption of daily proteins as a substitute for eggs in the bakery industry is expected to drive the Egg Replacement Ingredients market growth in the coming years. Nowadays consumers are more aware of the consumption of healthy and the natural content in the product within developing and developed countries which is expected to fuel the growth of the Egg Replacement Ingredients market during the forecast period.

Competitive Landscape:

The Egg Replacement Ingredients market is highly fragmented in nature due to the presence of key players in the market. Some of the major key players in the market are Archer Daniels Midland Company (U.S.), Cargill Inc., (U.S.), MGP Ingredients (U.S.), Nestlé S.A. (Switzerland’s), Corbion Group (Netherlands), E.I. Dupont (U.S.), Ener-G Foods Inc. (U.S.), Fiberstar Inc. (U.S.), Florida Food Products LLC (U.S.), Glanbia PLC (Irelands), Ingredion Incorporated (U.S.), Eden Foods Inc. (U.S.), Organic Valley (OV)(U.S.), American Soy Products Inc. (U.S.)..

Egg Replacement Ingredients Market is Segmented as Follows:

Parameter Details
Segments Covered
  • Type (Dairy Protein, Starch, Algae Flour, Soy Based Products, Others)
  • Application (Bakery & Confectionary, Mayonnaise & Sauces, Others (RTE, RTC))
  • Form (Solid, Liquid)
  • Source (Plant, Animal)
  • Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Archer Daniels Midland Company (U.S.)
  • Cargill Inc.
  • (U.S.)
  • MGP Ingredients (U.S.)
  • Nestlé S.A. (Switzerland’s)
  • Corbion Group (Netherlands)
  • E.I. Dupont (U.S.)
  • Ener-G Foods Inc. (U.S.)
  • Fiberstar Inc. (U.S.)
  • Florida Food Products LLC (U.S.)
  • Glanbia PLC (Irelands)
  • Ingredion Incorporated (U.S.)
  • Eden Foods Inc. (U.S.)
  • Organic Valley (OV)(U.S.)
  • American Soy Products Inc. (U.S.).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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Egg Replacement Ingredients Market is Tabulated as Follows:

FAQ
Frequently Asked Question
  • The global Egg Replacement Ingredients valued at USD 1202.53 Million in 2022 and is expected to reach USD 1817.70 Million in 2030 growing at a CAGR of 5.30%.

  • The prominent players in the market are Archer Daniels Midland Company (U.S.), Cargill Inc., (U.S.), MGP Ingredients (U.S.), Nestlé S.A. (Switzerland’s), Corbion Group (Netherlands), E.I. Dupont (U.S.), Ener-G Foods Inc. (U.S.), Fiberstar Inc. (U.S.), Florida Food Products LLC (U.S.), Glanbia PLC (Irelands), Ingredion Incorporated (U.S.), Eden Foods Inc. (U.S.), Organic Valley (OV)(U.S.), American Soy Products Inc. (U.S.)..

  • The market is project to grow at a CAGR of 5.30% between 2023 and 2030.

  • The driving factors of the Egg Replacement Ingredients include

    • rising inclination towards plant-based ingredients

  • North America was the leading regional segment of the Egg Replacement Ingredients in 2022.

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