Global Egg Replacement Ingredients Market was valued at US$ 1,228.7 Mn in 2022, and is expected to exhibit a CAGR of 7.1 %, in terms of revenue, over the forecast period (2023-2030) to reach US$ 2,135.6 Mn by 2030. Egg replacement ingredients are the ideal substitute for eggs and are widely used to replace the egg content in food. These ingredients reduce the egg content without affecting the taste and nutritional value of the food products. They are produced from various ingredients such as milk, modified food starch, etc. These ingredients are widely used across biscuits & cookies, cakes, chocolate, pastries, bread, noodles & pasta, and mayonnaise. Moreover, they are also used in savories, spreads, and dressings. The egg replacement ingredients are a low-fat or low-cholesterol alternative to whole eggs and are ideal for the consumer who does not want to eat meat and preferred plant-based products.
Global Egg Replacement Ingredients Market - Impact of Coronavirus (COVID-19) Pandemic
Prior to the pandemic COVID-19 outbreak, consumers were gradually shifting toward healthier food alternatives such as plant-based egg alternatives and other similar ingredients. The outbreak of the COVID-19 pandemic encouraged consumers to include healthy food products, such as plant-based, in their diet. As a result, sales of plant-based products increased significantly during the pandemic. Several companies took advantage of the situation and created new products to meet the growing demand for healthy products.
Global Egg Replacement Ingredients Market: Growth Drivers
Around the world, more and more flexitarian consumers are looking for alternatives to dairy products. Plant-based proteins are the first choice of the vegan population. The growing demand for egg replacers led to the use of Potato isolate protein that has nearly similar gel strength to an egg. Manufacturers have also come up with soy-based egg replacement systems, which tend to be hydrophilic, even more so than eggs. Thus, the required quantity of these replacers over eggs is lesser for yielding the same properties. This is a major factor driving the growth of the global Egg Replacement Ingredients market.
Furthermore, Due to the low availability of eggs, the world market for egg replacers is expected to grow rapidly in the coming years. The growing demand for vegetable ingredients and high egg prices are other factors that are expected to drive the global market for egg replacement ingredients during the estimated period. Egg replacement ingredients promote a decrease in egg content without affecting the appearance and taste of food. Such egg substitutes are prepared using various ingredients, such as modified food starch, milk, and the like. As consumers changed their preferences for egg replacers, manufacturers began to produce egg substitutes. Global egg manufacturers face several problems related to egg production, including handling and storage, allergen separation and cleaning, price, and sustainability. Egg replacers provide better functionality than eggs with no related issues, which could be a better opportunity for egg replacement manufacturers in the future. However, the introduction of a variety of egg replacement products, vegan products, especially in emerging economies, can create huge profit opportunities for players in the target market
Global Egg Replacement Ingredients Market: Market Restraints
Egg replacement ingredients do not deliver the same taste as an egg does is projected to hamper the market growth of egg replacement ingredients. Moreover, these ingredients do not provide the color, same lift, and mouth feel. Hence, the issue associated with the taste and the flavor is expected to hinder the market growth of egg replacement ingredients.
Figure 1. Global Egg Replacement Ingredients Market, by Application, in 2022
Despite having many of the same benefits as eggs, ingredients used to manufacture egg substitutes can't quite match their flavor. Consumer demand for the true flavor of the egg is the main impediment to the development of global egg substitute ingredients. While materials used to replace eggs may have properties resembling those of eggs, it would be difficult to impart these properties to every product or meal that calls for eggs. Because the egg imparts diverse functional features to various egg products or cuisines, it is difficult for materials employed as egg replacements to have identical functional attributes.
Global Egg Replacement Ingredients Market: Market Opportunities
Growth in a number of vegan populations around the globe is projected to propel the market growth of egg replacement ingredients. In 2018, the U.K. launched more vegan products than any nation. According to the Vegan Society, the demand for meat-free food in the UK increased by 987% in 2017, and going vegan was predicted to be the biggest food trend in 2018. Moreover, the U.K. plant-based market was worth £443m in 2018.
Growing bakeries & cafes are expected to create huge demand for eggless cakes which in turn propel the market growth of egg replacement ingredients. According to the University of British Columbia (UBC), the Canadian bakery product market is expected to grow at a compound annualized rate of 3.4% from 2018-2022. Moreover, bread sales accounted for the largest portion of baked goods sales each year. In 2017, bread sales accounted for $3.5 billion (US$), or almost 63% of total sales that year.
Egg Replacement Ingredients Market Report Coverage
|Base Year:||2022||Market Size in 2022:||US$ 1,228.7 Mn|
|Historical Data for:||2017 to 2021||Forecast Period:||2023 to 2030|
|Forecast Period 2023 to 2030 CAGR:||7.1 %||2030 Value Projection:||US$ 2,135.6 Mn|
Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company
|Restraints & Challenges:||
Global Egg Replacement Ingredients Market: Market Trends
Contentious product innovation by manufacturers is a major trend that has been observed in the market and this is expected to fuel the market growth of egg replacement ingredients. For instance, in October 2019, Zero Egg has developed a nutritious plant-based liquid the egg that tastes, looks, and functions like a real egg and can be used as an egg substitute in any recipe, including omelets, baked goods, mayonnaise, sauces, and more. Zero egg has a high nutritional value and no cholesterol.
Rising demand for gluten-free, non-GMO egg replacement ingredients is expected to fuel the market growth of egg replacement ingredients. According to Coherent Market Insights, U.S-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, meat products, and others.
Global Egg Replacement Ingredients Market: Market Segmentation
On the basis of application, mayonnaise dominated the global egg replacement ingredients market in 2022 with around 39% of the market share in terms of revenue, followed by cakes/pastries/muffins/bread and biscuits & cookies respectively. Mayonnaise is a creamy and thick dressing that is typically used in a variety of culinary applications, such as on composed salads, sandwiches, hamburgers, and French fries. It is made by emulsifying oil, egg yolks, seasoning, and acid, such as vinegar or lemon juice. Moderate consumption of mayonnaise has been associated with several potential health benefits, including stabilizing cholesterol levels, promoting cardiovascular health, stimulating hair, nail, and skin growth, moisturizing rough and chapped skin, maintaining heart health, improving blood sugar levels, and reducing inflammation.
On the basis of the end user, the global egg replacement ingredients market, in 2022, the commercial (large scale food manufacturers, small scale food manufacturers) segment has accounted for the largest market share of XX % in terms of value, followed by the household
Figure 2. Global Egg Replacement Ingredients Market, By Region, 2022
Global Egg Replacement Ingredients Market: Regional Analysis
The global Egg Replacement Ingredients market is dominated by North America, which is anticipated to expand by around 35% over the forecast period. North America has the largest global share of this market. 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.
Asia Pacific is the second-largest consumer of Egg Replacement Ingredients. 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 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.
Global Egg Replacement Ingredients Market: Recent Developments
Global Egg Replacement Ingredients Market: Key Companies
Key players active in the Global Egg Replacement Ingredients market are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company
*Definition: Egg replacers are ingredients or a group of ingredients that work together to replicate the effect of egg in a recipe, by providing similar properties. Egg replacers are designed to help manufacturers overcome rising egg white costs and increase profitability by encouraging reduced egg white baked goods with better appearance and texture. Therefore, this advantage is likely to drive the market for egg replacers in the forthcoming time.
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