The global egg substitutes market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for vegan and vegetarian products, which are free from animal-based ingredients such as eggs. The rising awareness about health benefits of plant-based proteins and the growing number of vegan consumers are also driving the growth of this market.
The dairy protein segment accounted for over 50% share in 2018 and is expected to maintain its dominance throughout the forecast period owing to its high nutritional value, which makes it suitable for use in bakery & confectionery applications such as cakes, muffins, cookies etc, where eggs are used as an emulsifier or binder. Dairy proteins have a higher protein content than other substitutes such as starch or algal flour; hence they can be used in savory applications like sauces and dressings where eggs are used as a thickener or emulsifier. Dairy proteins also offer better taste profile than other substitutes due to their natural flavor profile that does not need any additional flavoring agents unlike other substitutes like algal flour that require additional flavoring agents for taste enhancement purposes.
Asia Pacific accounted for over 40% share in 2018 owing to increasing demand from countries such as China and India with large populations who prefer plant-based food products over animal-based ones due to religious beliefs or dietary preferences; these countries have been witnessing rapid economic growth leading to increased disposable income levels among consumers which has led them towards adopting Western lifestyles with increased consumption of meatless diets including veganism & vegetarianism.
-The egg substitutes market is expected to grow at a CAGR of 4.5% from 2017 to 2025.
-The demand for egg substitutes is driven by the increasing health awareness among consumers, which has led them to opt for healthier food options such as eggs substitutes.
-Egg substitutes are also used in vegan and vegetarian diets, which are becoming more popular due to their health benefits and ethical reasons.
Industry Growth Insights published a new data on “Egg Substitutes Market”. The research report is titled “Egg Substitutes Market research by Types (Dairy Proteins, Starch, Algal Flour, Soy-based Products, Other), By Applications (Bakery & Confectionery, Savories, Dressings & Spreads, Other), By Players/Companies Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Glanbia Plc, Kerry Group, Corbion”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Egg Substitutes Market Research Report
By Type
Dairy Proteins, Starch, Algal Flour, Soy-based Products, Other
By Application
Bakery & Confectionery, Savories, Dressings & Spreads, Other
By Companies
Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Glanbia Plc, Kerry Group, Corbion
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Egg Substitutes Market Report Segments:
The global Egg Substitutes market is segmented on the basis of:
Types
Dairy Proteins, Starch, Algal Flour, Soy-based Products, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bakery & Confectionery, Savories, Dressings & Spreads, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cargill
- Ingredion Incorporated
- Archer Daniels Midland Company
- Glanbia Plc
- Kerry Group
- Corbion
Highlights of The Egg Substitutes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Dairy Proteins
- Starch
- Algal Flour
- Soy-based Products
- Other
- By Application:
- Bakery & Confectionery
- Savories
- Dressings & Spreads
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Egg Substitutes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Egg substitutes are products that can be used in place of eggs in baking or cooking. They may be made from plant-based ingredients, such as tofu, soya milk, and wheat gluten.
Some of the major companies in the egg substitutes market are Cargill, Ingredion Incorporated, Archer Daniels Midland Company, Glanbia Plc, Kerry Group, Corbion.
The egg substitutes market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Egg Substitutes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Egg Substitutes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Egg Substitutes Market - Supply Chain
4.5. Global Egg Substitutes Market Forecast
4.5.1. Egg Substitutes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Egg Substitutes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Egg Substitutes Market Absolute $ Opportunity
5. Global Egg Substitutes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Egg Substitutes Market Size and Volume Forecast by Type
5.3.1. Dairy Proteins
5.3.2. Starch
5.3.3. Algal Flour
5.3.4. Soy-based Products
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Egg Substitutes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Egg Substitutes Market Size and Volume Forecast by Application
6.3.1. Bakery & Confectionery
6.3.2. Savories
6.3.3. Dressings & Spreads
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Egg Substitutes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Egg Substitutes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Egg Substitutes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Egg Substitutes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Egg Substitutes Demand Share Forecast, 2019-2026
9. North America Egg Substitutes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Egg Substitutes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Egg Substitutes Market Size and Volume Forecast by Application
9.4.1. Bakery & Confectionery
9.4.2. Savories
9.4.3. Dressings & Spreads
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Egg Substitutes Market Size and Volume Forecast by Type
9.7.1. Dairy Proteins
9.7.2. Starch
9.7.3. Algal Flour
9.7.4. Soy-based Products
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Egg Substitutes Demand Share Forecast, 2019-2026
10. Latin America Egg Substitutes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Egg Substitutes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Egg Substitutes Market Size and Volume Forecast by Application
10.4.1. Bakery & Confectionery
10.4.2. Savories
10.4.3. Dressings & Spreads
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Egg Substitutes Market Size and Volume Forecast by Type
10.7.1. Dairy Proteins
10.7.2. Starch
10.7.3. Algal Flour
10.7.4. Soy-based Products
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Egg Substitutes Demand Share Forecast, 2019-2026
11. Europe Egg Substitutes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Egg Substitutes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Egg Substitutes Market Size and Volume Forecast by Application
11.4.1. Bakery & Confectionery
11.4.2. Savories
11.4.3. Dressings & Spreads
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Egg Substitutes Market Size and Volume Forecast by Type
11.7.1. Dairy Proteins
11.7.2. Starch
11.7.3. Algal Flour
11.7.4. Soy-based Products
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Egg Substitutes Demand Share, 2019-2026
12. Asia Pacific Egg Substitutes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Egg Substitutes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Egg Substitutes Market Size and Volume Forecast by Application
12.4.1. Bakery & Confectionery
12.4.2. Savories
12.4.3. Dressings & Spreads
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Egg Substitutes Market Size and Volume Forecast by Type
12.7.1. Dairy Proteins
12.7.2. Starch
12.7.3. Algal Flour
12.7.4. Soy-based Products
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Egg Substitutes Demand Share, 2019-2026
13. Middle East & Africa Egg Substitutes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Egg Substitutes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Egg Substitutes Market Size and Volume Forecast by Application
13.4.1. Bakery & Confectionery
13.4.2. Savories
13.4.3. Dressings & Spreads
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Egg Substitutes Market Size and Volume Forecast by Type
13.7.1. Dairy Proteins
13.7.2. Starch
13.7.3. Algal Flour
13.7.4. Soy-based Products
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Egg Substitutes Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Egg Substitutes Market: Market Share Analysis
14.2. Egg Substitutes Distributors and Customers
14.3. Egg Substitutes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cargill
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ingredion Incorporated
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Archer Daniels Midland Company
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Glanbia Plc
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Kerry Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Corbion
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
