The global egg replacer market is set for remarkable expansion, with estimates predicting a value of USD 1.4 billion by 2024 and a projected increase to USD 2.5 billion by 2034. This growth reflects a robust compound annual growth rate (CAGR) of 6.0% over the assessment period from 2024 to 2034.
Egg replacers, culinary products specifically designed to substitute eggs in various recipes, are gaining traction for their ability to mimic the binding properties of eggs in food preparations. Widely utilized in baking and cooking, these products are becoming essential ingredients in cakes, cookies, and other baked goods. The rising popularity of egg replacers can be attributed to several key factors, including their extended shelf life and suitability for individuals with dietary restrictions, such as food allergies.
Changing Consumer Preferences Post-Pandemic
The COVID-19 pandemic has transformed consumer behaviors and preferences, leading to a significant shift towards healthier eating habits and lifestyles. As more consumers seek out nutritious and balanced diets, the demand for plant-based and organic food products has surged. Egg replacers, known for being rich in protein and vital nutrients, cater to health-conscious consumers looking for dairy-free and animal-derived alternatives. This growing inclination towards healthier eating is expected to be a primary driver of substantial growth within the egg replacer market.
Market Insights and Trends
Recent research highlights several key insights into the egg replacer market:
- Estimated Global Egg Replacer Market Size (2024E): USD 1.4 billion
- Projected Egg Replacer Market Value (2034F): USD 2.5 billion
- Value-based CAGR (2024 to 2034): 6.0%
- Top 3 Countries’ Value Share: 23.8%
The bakery industry is witnessing an increased integration of egg replacers, particularly in the preparation of cakes and cookies. With the expansion of the confectionery sector and the growing demand for vegan baked goods, the need for egg replacers is projected to surge significantly. The market opportunities for egg replacers are further amplified by the rising consumer interest in dairy-free products, which provide the essential nutrients typically derived from eggs, while being entirely plant-based and vegan.
Health Concerns and Economic Factors Driving Demand
A significant factor behind the increasing consumer preference for egg replacers is heightened awareness regarding health concerns associated with traditional egg consumption. The cholesterol content in eggs, linked to cardiovascular diseases, has prompted many consumers to explore alternative options. Furthermore, economic factors, including the rising cost of eggs, challenges related to the transportation and storage of fresh eggs, limited cold-chain distribution, and the short shelf life of eggs, have driven producers to seek reliable egg alternatives.
As consumers become more aware of their dietary choices, they are gravitating towards products that offer health benefits without compromising taste or texture. Egg replacers not only fulfill this requirement but also align with the growing trend of ethical eating, which prioritizes sustainability and animal welfare.
Country-wise Insights
The following table shows the estimated growth rates of the top five countries. Japan and India are set to exhibit high freeze-dried food consumption, recording CAGRs of 7.1% and 8.9%, respectively, through 2034.
| Countries | CAGR 2024 to 2034 |
| United States | 4.0% |
| Germany | 5.3% |
| Japan | 7.1% |
| China | 4.8% |
| India | 8.9% |
Leading Egg Replacer Brands
- Corbion NV
- Tate & Lyle Plc.
- Glanbia plc.
- Ingredion Incorporated
- MGP Ingredients
- Enter-G Foods, Inc.
- Dupont De Nemours and Company
- Fiberstar
- Puratos
- Danone Nutricia
- Others
Key Segments of Market Report
By Form:
As per form the industry has been categorized into Dry, Liquid
By Ingredient:
This segment is further categorized into Dairy Proteins, Starch, Algal Flour and Soy-based Products
By Application:
Application further Includes Biscuits, Chocolates, Cakes, Mayonnaise, Pasta, Noodles and Breads Swine
By Region:
Industry analysis has been carried out in key countries of North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
