About Egg Substitutes
Egg substitutes contain the high-quality protein of egg white along with the white’s vitamins and minerals. Due to varying formulas, each type of egg substitute performs differently in cooking. For instance, those type without fat will cook more quickly than those containing fat. Common to all types is that the yolk’s cooking properties, containing emulsification, are lost. The global egg substitutes market is anticipated to witness a high growth over the forecast period due to increasing preference for lowering cholesterol levels and increasing demand from end use applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Egg Substitutes market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Egg Substitutes Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Egg Substitutes 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.
Glanbia Plc (Ireland), Cargill Inc. (United States), Tate and Lyle (United Kingdom), Archer Daniels Midland Company (United States), Kerry Group (Ireland), Corbion N.V. (Netherlands), Ingredion Incorporated (United States), Orchard Valley Foods Limited (United Kingdom), Ener-G Foods, Inc. (United States) and Puratos Group NV (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Arla Foods Ingredients (Denmark) and TerraVia Holdings, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Egg Substitutes market by Type (Plant Based, Animal Based and Others), Application (Savories, Dips, Sauces, Dressings, and Spreads, Bakery & Confectionery and Others) and Region.
On the basis of geography, the market of Egg Substitutes 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, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Egg Substitutes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Solid will boost the Egg Substitutes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. PET Jars and Bottles will boost the Egg Substitutes market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in Vegan Population
Market Growth Drivers:
Increasing Preference for Lowering Cholesterol Levels and Increasing Demand from End Use Applications
Challenges:
Changing Consumer Preferences
Restraints:
Factors of Taste Along With High Price
Opportunities:
The Growing Demand for Plant-Based Ingredients
Market Leaders and their expansionary development strategies
In March 2019 - Ingredion Incorporated, a leading global provider of ingredient solutions to diversified industries, announced today that it has acquired the Western Polymer, a privately held, U.S. based company headquartered in Moses Lake, Washington which produces native and modified potato starches for food and industrial applications and also sells modified tapioca starch for industrial applications.
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.
Products containing eggs in a relatively small proportion or that historically have not been considered by consumers as products of the egg food industry are not represented as egg products and are regulated by the Food and Drug Administration (FDA). Agricultural Marketing Service will certify for FDA a wide range of products, including cooked omelets, frozen egg patties, crepes, hard boiled eggs, egg substitutes, imitation egg products, mayonnaise, and foods containing egg extracts.
Key Target Audience
Manufacturers of Egg Substitutes, Suppliers of Egg Substitutes Sub components, Wholesalers, Distributors and Retailers of Egg Substitutes, Food Industry, Governmental Bodies and Research Firms
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.