About Egg Replacers
An egg replacers are great alternatives for vegans and used as a substitute for fresh eggs in order to reduce or eliminate the cholesterol content found in whole eggs. It is cheap and convenient and nicely provides the binding properties required to make most baked goods. Moreover, some of the additional or replacement ingredients may include soy-based products, starch, dairy proteins and others as well.
Attributes | Details |
---|
Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.9% |
Egg Replacers is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States, Ireland Vendors will contribute the maximum growth to Global Egg Replacers market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), DuPont (United States), Arla Foods (Denmark), Kerry Group PLC (Republic of Ireland), Ingredion Incorporated (United States), Glanbia PLC (Republic of Ireland), Tate & Lyle PLC (United Kingdom), MGP Ingredients (United States), Danone Nutricia (Ireland) and Fiberstar Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Puratos Group (Belgium), Corbion (Netherlands) and Florida Food Products, LLC (United States).
Segmentation Overview
AMA Research has segmented the market of Global Egg Replacers market by Type (Dairy proteins, Starch, Algal flour, Soy-based products and Others), Application (Bakery & confectionery, Savories, Sauces, dressings & spreads and Others) and Region.
On the basis of geography, the market of Egg Replacers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Ireland, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by On the Basis of Form, the sub-segment i.e. Dry will boost the Egg Replacers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing consumer awareness about various healthy diets and Rise in demand for vegan products in both developed and developing countries
Market Growth Drivers:
The rising prices of fresh eggs and Surging usage of dairy products as an emulsifier, binding, and foaming agents in the various bakery, sauces and dressing applications
Challenges:
Lack of proper supply chain
Restraints:
Lack of awareness about egg replacers among people in various emerging economies and Lack of original egg taste and incidences of contamination
Opportunities:
Cheap raw materials & low production costs as well as stringent regulations in Asia-Pacific and Increasing inclination toward lowering cholesterol levels
Market Leaders and their expansionary development strategies
In November 2022, Nestlé launched a powdered plant-based protein under its Mahler brand that consumers can add to egg dishes such as omelettes, allowing them to make dishes that are cheaper but still nutritious.
In June 2023, Ardent Mills, the premier flour-milling and ingredient company, launched two new products, Ardent Mills Egg Replace™ and Ancient Grains Plus™ Baking Flour Blend. The company designed these innovative, cost-effective solutions to enable its customers to capitalize on new market growth, meet evolving consumer preferences for quality ingredients and great taste, and help alleviate supply chain challenges.
Key Target Audience
Egg replacer manufacturers, Raw material suppliers, E-commerce companies, End users (food industry), Retailers and wholesalers and Traders, importers and exporters
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.