Insights Into The Egg Replacers Market’s Growth Opportunities Through 2023-2032 – Includes Egg Replacers Market Size
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Increasing adoption of a vegan diet in developed economies are expected to drive innovation in egg replacers manufacturing, thus driving the market during the forecast period.
The global egg replacers market is expected to grow from $1.29 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The egg replacers market size is expected to grow to $1.77 billion in 2027 at a CAGR of 6.5%.
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Global Egg Replacers Market Segments Include:
- By Ingredients: Dairy Proteins, Starch, Algal Flour, Soy-Based Products, Other Ingredients
- By Form: Dry, Liquid
- By Source: Plant-Based, Animal-Based
- By Distribution Channel: Supermarkets, Convenience Stores, Online Platforms, Retail Stores
- By Application: Bakery And Confectionery, Savories, Sauces, Dressings And Spreads, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global egg replacers market in 2021.
Major Market Players in the egg replacers market include Cargill Incorporated, ADM, Arla Foods Ingredients Group P/S, DuPont de Nemours Inc., Kerry Group plc., Ingredion Inc., Glanbia Plc., Tate & Lyle Plc., Puratos.
Product innovations are the most popular trend in the egg replacers market. To maintain their market position, major players are developing innovative egg replacers with new ingredients and broad applications, such as clean-label egg substitutes, organic products, and unique ingredients. Plant B, a Germany-based producer of healthy plant-based frozen meals, announced the launch of the world’s first lupin-based liquid egg product in February 2022. The novel vegan egg substitute is made from sweet lupins, which are high in nutrients. The company mimicked the functionality and structure of traditional chicken-laid eggs in order to make them look like regular eggs while saving 50% of the calories. The product will be sold as a fresh, ready-to-cook product.
The Egg Replacers Global Market Report 2023 provides a egg replacers market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The egg replacers market forecast analyzes egg replacers market size, egg replacers market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The egg replacer is a commercial product that is specifically designed to replace eggs in baking. It can also be defined as an ingredient or combination of ingredients that works to mimic the action of eggs in a recipe. Customers who are allergic to egg products are frequently catered to by egg replacers.
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