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Egg Substitutes Market, Global Outlook and Forecast 2023-2029

Egg Substitutes Market, Global Outlook and Forecast 2023-2029

  • Published on : 31 March 2023
  • Pages :128
  • Report Code:SMR-7622930

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Report overview

Egg substitutes are the nourishments which can be utilized for replacing eggs in cooking and bakeries. These products are mostly preferred by vegans. Most of these substitutes are free from animal products and contain no cholesterol. These substitutes do not influence the taste and appearance of the end product. Owing to the extensive application of egg substitutes in the end products such as cakes, muffins, mayonnaise, chocolates, custard, ice cream, cookies and others, market is experiencing a noteworthy growth rate. In terms of nutritional values, egg substitutes are no less than eggs and moreover, egg substitutes are cholesterol free, gluten free with high amount of Vitamin A and B12 and others. Increasing awareness among consumers regarding nutritional values of egg substitutes is a key factor driving the market. The market is facing challenges owing to soaring prices of products in some regions, thus hindering the market growth.
This report aims to provide a comprehensive presentation of the global market for Egg Substitutes, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Egg Substitutes. This report contains market size and forecasts of Egg Substitutes in global, including the following market information:

  • Global Egg Substitutes Market Revenue, 2018-2023, 2024-2029, ($ millions)
  • Global Egg Substitutes Market Sales, 2018-2023, 2024-2029, (Tons)
  • Global top five Egg Substitutes companies in 2022 (%)

The global Egg Substitutes market was valued at US$ 920.5 million in 2022 and is projected to reach US$ 1404.4 million by 2029, at a CAGR of 6.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Egg Substitutes include Ener-G, Bob's Red Mill, etc. Global top 3 companies hold a share about 10%. North America is the largest market, with a share about 50%, followed by Asia Pacific and Europe with the share about 25% and 20%. In terms of product, Powder type is the largest segment, with a share over 70%. And in terms of application, the largest application is Direct Selling, with a share about 60%.
We surveyed the Egg Substitutes manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Egg Substitutes Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Egg Substitutes Market Segment Percentages, by Type, 2022 (%)

  • Powder
  • Non Powdery Solid
  • Liquid

Global Egg Substitutes Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Egg Substitutes Market Segment Percentages, by Application, 2022 (%)

  • Direct Selling
  • Supermarkets and Hypermarkets
  • Independent Retailers

Global Egg Substitutes Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Tons)
Global Egg Substitutes Market Segment Percentages, By Region and Country, 2022 (%)

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic Countries
  • Benelux
  • Rest of Europe
  • Asia
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Rest of Asia
  • South America
  • Brazil
  • Argentina
  • Rest of South America
  • Middle East & Africa
  • Turkey
  • Israel
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa

Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Egg Substitutes revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Egg Substitutes revenues share in global market, 2022 (%)
Key companies Egg Substitutes sales in global market, 2018-2023 (Estimated), (Tons)
Key companies Egg Substitutes sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

  • Ener-G
  • Bob's Red Mill
  • Eat Just
  • All American Foods
  • Morinaga Nutritional Foods
  • Arla Foods Ingredients
  • Clabber Girl
  • The Every Company
  • ADM
  • McKenzie's Foods
  • Namaste Foods
  • Follow Your Heart
  • The Vegg
  • ORGRAN
  • The Skinny Food
  • Mevalia
  • YesYouCan
  • Cargill
  • Ingredion Incorporated
  • Glanbia Plc
  • Kerry Group
  • Corbion

Outline of Major Chapters:

  • Chapter 1: Introduces the definition of Egg Substitutes, market overview.
  • Chapter 2: Global Egg Substitutes market size in revenue and volume.
  • Chapter 3: Detailed analysis of Egg Substitutes manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6: Sales of Egg Substitutes in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 8: Global Egg Substitutes capacity by region & country.
  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
  • Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 11: The main points and conclusions of the report.