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Global Egg Replacers Market Size, Share, Opportunities And Trends By Form (Dry And Liquid), By Application (Bakery And Desserts, Food And Beverage, Others), By Distribution Channel (Online, Offline) And By Geography - Forecasts From 2020 To 2025

Published: May 2020 | Report Code:  KSI061613630 | Pages:  121

The egg replacers Market is projected to grow at a CAGR of 6.33% to reach US$1,433.310 million by 2025, from US$991.808 million in 2019.

Prevalence of individuals and children with egg allergies

According to the statistics provided by FARE (Food Allergy Research & Education), about 200,000 people require emergency medical care for allergic reaction to food in the US.  According to research, it is estimated that approximately 30 million Americans have food allergies including children and 18.  Studies suggest that approximately 2.6 million individuals in the US are allergic to egg. Food allergies are prevalent in other parts of the globe and according to the information provided by Allergy and Anaphylaxis, food allergies is common in Australia, specifically among the younger population, affecting above 80% of the infants aged 12 months.  So in order to mitigate the risk the consumption of eggs poses to the individuals, the authorities have released regulations in order to check before consumption of a particular food item whether it contains eggs or not and must not be consumed by the allergic individuals. Therefore, these factors are leading to increased demand for egg replacers or egg substitutes and boosting the market growth.

Rising Trend of veganism and the awareness among the individuals to lead a healthier lifestyle is leading a surge in the demand of egg replacer.

The awareness among the individuals is rising to cut down the fat and cholesterol content in their diet to lead a comparatively healthier lifestyle. There are fats and cholesterol present in the egg yolk which can lead to ill effects on the health. In addition, the rapidly rising trend of veganism in different countries over the globe is gaining popularity and encouraging them to shift to plant-based egg alternatives and also providing an option to the vegetarian communities to consume eggs and reap the health benefits and proteins eggs provide. These factors are therefore leading to an increased demand for egg replacer sand are bolstering the market growth over the forecast period.

Product Launches by Major Market Players in the Egg Replacers Market Space

The launch of better and advanced varieties of egg replacers with enhanced as excellent product quality and nutritional contents among other properties by existing and new players in different markets are estimated to lead to increased adoption and propel the market growth further over the forecast period.

Some of the examples of product launches are as follows:

  • In October 2019, Zero Egg which is a Startup, based in Israel, and in involved in the provision of plant-based foods for catering to the vegan population has announced that they have launched and all-purpose plant-based egg replacement for different food manufacturers this product can be used to replace eggs in omelets, sauces and bakery and confectionery products.
  • In June 2019, DuPont Nutrition & Biosciences, which is among the most well-known and leading companies dealing in the provision of different products to different industries, announced the launch of their new product called the “Grinsted Plant-Tex”.This product is an egg white replacement system and can be used by the vegan population or the individuals that consume meat in burger patties, cooked sausages, and cold cuts. It can use in burger patties cook sausages and cold cuts. Additionally, this product is cholesterol-free and allergen-free and has been sourced through organic means, and is available in currently, in The Middle East and African region and European region, and is expected to release globally in the latter half of 2020.The product, Plant-Tex is currently available in three different forms. For burger patties,  Plant-Tex MA1201 is available that increases the protein content and improve the juiciness of the patty. For cooked sausages, Plant-Tex MA1301 is available and aids in maintaining their shape and enhancing their taste, and the third product is available for cold cuts is called the Plant-Tex MA1110.
  • In February 2019, OGGS, which is a company known as Alternative Foods earlier, and is based in the UK and is involved in the provision of different variety of vegan bakery items and products, announced that they launched a vegan replacement product of eggs that are used in baking. The product is called the “OGGS Yummy Egg Substitute”
  • Noblegen Inc., which is one of the companies that is dealing in the provision of different types of advanced nutritional products, announced the launch of their new product called “The Egg”. It is a plant-based egg powder that is available only through the Eunite website as of now. The product can be used in different applications such as replacing eggs in vegan pancakes, breakfast sandwiches, quiches, and bakery products such as cake among other items. In addition, it is vegan-friendly, cholesterol-free and soy-free and is able to provide 6g of protein per serving

The North American region to hold a considerable market share and the Asia Pacific region to witness a significant growth

The North American region is expected to hold a considerable share over the forecast period owing to the increasing number of vegan individuals in the countries such as the US and Canada and the simultaneous surge in efforts to increase the awareness of alternative proteins.

The Asia Pacific region is anticipated to witness stable market growth over the forecast owing to the slow-moving trend of veganism. Moreover, there are initiatives being taken by college students in order to support the ongoing trend of veganism and cater to the increasing demand and vegan population in countries such as India. For example, In September 2019, Students from IIT-Delhi, which is one of the most prestigious engineering colleges in India, announced that they have developed a plant-based egg in order to replace the poultry eggs. The egg has been made using moong daal (which are split green gram pulses), is free from cholesterol and gluten. This product was showcased at the Industry Day event being held at IIT-Delhi, which is graced by the presence of over 100 industry players.

Segmentation:

  • By Form
    • Dry
    • Liquid
  • By Application
    • Bakery and Desserts
    • Food and Beverage
    • Others
  • By Distribution Channel
    • Online
    • Offline
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the egg replacers market size by 2025?
A1. The egg replacers market is projected to reach a market size of US$1,433.310 million by 2025.
 
Q2. What is the size of global egg replacers market?
A2. Egg Replacers market was valued at US$991.808 million in 2019.
 
Q3. What are the growth prospects for egg replacers market?
A3. The global egg replacers market is projected to grow at a CAGR of 6.33% over the forecast period.
 
Q4. Which region holds the maximum market share of the egg replacers market?
A4. The North American region to hold a considerable market share and the Asia Pacific region to witness significant growth.
 
Q5. What factors are anticipated to drive the egg replacers market growth?
A5. Rising Trend of veganism and the awareness among the individuals to lead a healthier lifestyle is leading a surge in the demand of egg replacer.

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