The egg substitute market was worth over USD 1.3 billion in 2022, and it is anticipated to expand at a rate of over 5.4% CAGR from 2022 to 2032. The egg substitute market is projected to reach around USD 1.3 billion in 2022 and grow at a CAGR of 5.4%.

Food preferences have shifted considerably around the world in the last decade. Vegan food is becoming more popular as health problems related to meat-based foods are becoming more prevalent in various countries.

Taking cues, manufacturers are launching egg replacement products with similar nutritional benefits across plant-based food chains. In addition to supply chain issues such as tainted eggs, the egg market is becoming more fragile, prompting customers to switch to egg replacer.

Contaminated egg cases like traces of a pesticide called fipronil can be found in eggs that are used in food chains and the food processing industry, which is limiting sales of eggs. Fipronil is prohibited in the preparation of food products as it is hazardous to human health if consumed in large quantities. This factor is expected to fuel the adoption and sales of egg replacers over the forecast period.

Rising demand for functional food ingredients is anticipated to boost sales of egg replacement products among the vegan population. In addition to this, growing demand for vegan alternatives across the globe will widen the scope of adoption of egg replacers in the forthcoming years,” says an FMI analyst.

Competition Landscape

Some of the leading companies offering egg replacers are Corbion NV, Tate & Lyle Plc., Glanbia plc., Ingredion Incorporated, MGP Ingredients, Ener-G Foods, Inc., Dupont De Nemours and Company, Fiberstar, Puratos, and Danone Nutricia.

Key players operating in the global egg replacer market are focusing on reaching a large consumer base by implementing various strategies such as product innovations, marketing & promotional activity, strengthening distribution channels, and adopting sustainable production. For instance:

Zero Egg, an egg replacement producer, raised $5 million in a Series A fundraising round headed by Powerplant Ventures in November 2020. Zero Egg’s plant-based product is made from a blend of plant proteins and is aimed for foodservice and food makers. It is said to taste, look, and operate like an average egg.

Get Valuable Insights into Egg Replacer Market

FMI, in its new offering, provides an unbiased analysis of egg replacer presenting historical demand data (2017-2022) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the demand for egg replacer based on form (dry and liquid), ingredient (dairy proteins, starch, algal flour, and soy-based products), application (biscuits, chocolates, cakes, dressings & spreads, mayonnaise, pasta, noodles, and breads), across seven major regions.

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