Frequently Asked Questions
The global egg replacement ingredients market was valued at USD 1.5 Billion in 2022.
The egg replacement ingredients market is expected to grow at a CAGR of 9.10% between 2023 and 2030, reaching USD 2.8 Billion in 2030.
Dry is the leading segment by Form, holding over 43% share in terms of value in 2022.
Soy-based products are the leading segment by ingredient, holding over 43% share in terms of value in 2022.
The bakery & confectionery segment governs the demand for egg replacement ingredients in the world, holding a massive share of over 80% in 2022.
The departmental stores segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the egg replacement ingredients industry, with over one-third share in 2022.
The top players include Ingredion Inc., Cargill, Inc., Archer Daniels Midland Company, Ener-G Foods Inc., Glanbia plc, Corbion NV, Tate & Lyle PLC, DuPont de Nemours, Inc., Puratos Group NV, Kerry Group plc, Koninklijke DSM N.V., Fiberstar, Inc., MGP Ingredients, Inc., DowDuPont Inc., TerraVia Holdings, Inc., The Scoular Company, Arla Foods amba, Euroduna Food Ingredients GmbH, and Suedzucker AG.
The major market drivers are rising veganism among consumers and increased awareness of healthy living choices.
Egg alternatives are less functional and come at a hefty expense are the major market restraints.
Start-ups Dedicated to Investing in R&D to Provide Unique Products are the major opportunities in the egg replacement ingredients industry.