North America Egg Replacement Market - 2024-2031

North America Egg Replacement Market - 2024-2031

North America Egg Replacement Market reached US$ 471.21 million in 2023 and is expected to reach US$ 1289.01 billion by 2031, growing with a CAGR of 13.29% during the forecast period 2024-2031.

Egg replacement ingredients allow for the substitution or reduction of egg content in meals without compromising the final product's taste or appearance. These components are found in a variety of goods, including cakes, muffins, mayonnaise, chocolates, custard, ice cream, and biscuits. The egg replacement market is growing with the increase in health & wellness, sustainability and animal welfare concerns.

Consumers are turning to plant-based alternatives as they have a lower environmental impact compared to traditional egg production methods. Additionally, these alternatives address ethical concerns by offering cruelty-free options that align with consumer values. This dual focus on sustainability and animal welfare is driving the market as more people seek out healthier and more ethical food choices.

U.S. dominates the market in the North America. This is due to its large consumer base driving demand for alternatives like plant-based options with the rising adoption of veganism. According to Animal Health Foundation 4% of U.S. population is vegan. Almost one-third of Americans want to eat more vegan food.

Dynamics

Health and Wellness Trends

Concerns about cholesterol levels have prompted individuals to seek alternatives to traditional eggs, which are known for their cholesterol content. According to NutritionFacts.org, a single egg typically contains about 207 milligrams of cholesterol. Some experts caution that consuming just one egg daily may surpass recommended limits for cholesterol intake, potentially increasing the risk of cardiovascular disease. CDC reported that about 695,000 people died from heart disease in 2021.

According to National Center for Health Statistics, percent of adults who have ever been diagnosed with coronary heart disease in 2022 accounted for 4.9%. About 695,000 people die of heart disease in U.S. every year, that's 1 in every 5 deaths, according to New yoork government. Egg replacements, derived from sources like legumes, seeds, and grains, offer a cholesterol-free option that appeals to health-conscious consumers.

New and Innovative Product Launches

The innovative products that cater to diverse dietary preferences and health trends favoring cholesterol-free and plant-based options, drive the market growth. These products mimic egg functionalities while offering healthier, sustainable alternatives, driving market expansion through increased consumer base for such products.

The introduction of Nabati Plant Eggz by Nabati Foods in July offered a locally made, plant-based alternative that is gluten-free, soy-free, and cholesterol-free to the consumers. This innovative product meets the increasing demand for healthy, sustainable food options providing various nutritional benefits, including protein, fiber and vitamin B12.

Similarly, Ardent Mills' introduced of Egg Replace in June 2023. The product offers a cost-effective, allergen-free solution amid challenges like avian flu outbreaks and inflation. This innovative product, made from four ingredients including chickpea flour, provides a 1:1 replacement for dried and liquid whole eggs, ensuring optimal taste and functionality in bakery applications. It is gluten-free and vegan.

Taste and Texture Variations

Meeting quality expectations is crucial as consumers expect substitutes to closely match the sensory experience of eggs. Consumer preference for the taste and texture of traditional eggs, especially in baking, omelets, and desserts, can lead to dissatisfaction with egg replacements as they can noticeably differ. Moreover, replicating eggs unique functional properties like emulsification and leavening in alternatives presents technical challenges, impacting product performance and versatility in various recipes.

Segment Analysis

The North America egg replacement market is segmented based on type, ingredient, distribution channel, application, end-user and country.

High Demand for Bakery and Confectionery Products

The North America egg replacement market is segmented based on application into bakery & confectionery, mayonaise, noodles & pasta and others. The bakery and confectionery sectors in North America play an important role in driving the egg replacement market with the adoption of egg replacement technologies to meet consumer demand for healthier products. By incorporating plant-based ingredients and innovative formulations, bakeries and confectioneries can expand their product offerings.

The significant launch of over 10,000 bakery products in the U.S. from 2018 to 2022, as reported by Mintel, defines the bakery industry's commitment to innovation and meeting evolving consumer preferences. This surge in product offerings reflects a broader trend towards diversification and adaptation within the market to cater to varying dietary needs and preferences, including the increasing demand for egg-free or vegan options.

Geographical Penetration

High Demand for Bakery Ingredients in U.S.

U.S. dominate the North America egg replacement market. U.S. has a large and diverse consumer base with significant demand for alternative food products. Health-conscious eating habits and dietary preferences are prevalent in U.S., driving demand for plant-based and cholesterol-free alternatives like egg replacements in various food products.

The significant retail sales of baked goods reaching US$82.9 billion in the U.S. in 2022, as reported by Agriculture and Agri-Food Canada, highlight the robust size and influence of the American bakery market. U.S. bakery sector, offering a diverse array of products like breads, cakes, pastries, and cookies, drives significant demand for egg replacement ingredients. As consumers increasingly prioritize sustainable and health-conscious food options, this demand is expected to grow.

Competitive Landscape

The major North America players in the market include Ener-G Foods, Inc., Bob’s Red Mill Natural Foods, Eat Just, Inc, All American Foods, Inc., Namaste Foods, The EVERY Company, Ingredion Incorporated, Arla Foods Ingredients, AAK Foods and ADM.

COVID-19 Impact Analysis

The COVID-19 pandemic had both positive and negative impact on the egg replacements market in North America. Initially, the disruption in supply chains and logistical challenges affected the availability of raw materials and production capabilities for egg replacement products. Pandemic highlighted health and sustainability concerns linked to traditional egg production, prompting a shift towards other alternatives.

By Type
• Plant-Based
• Animal-Based

By Ingredient
• Starch
• Milk Protein Formulation
• Soy Products
• Algal Flour
• Proteins
• Others

By Distribution Channel
• Convenience Stores
• Specialty Stores
• Online Stores
• Others

By Application
• Bakery & Confectionery
• Mayonaise
• Noodles & Pasta
• Others

By End-User
• Household
• Industrial

By Country
• U.S.
• Canada
• Mexico

Key Developments
• In June 2024, Revyve declared its plan to launch a new egg replacer ingredient tailored for plant-based burgers. This clean, minimally processed alternative promises to preserve the texture and mouthfeel of eggs while catering to commercial-scale production.
• In June 2023, Ardent Mills' introduced of Egg Replace, the product that offers a cost-effective, allergen-free solution amid challenges like avian flu outbreaks and inflation.
• In July 2021, Nabati Foods introduced Nabati Plant Eggz. The product is locally made, plant-based alternative that is gluten-free, soy-free, and cholesterol-free.

Why Purchase the Report?
• To visualize the North America egg replacement market segmentation based on type, ingredient, distribution channel, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of egg replacement market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The North America egg replacement market report would provide approximately 42 tables, 33 figures and 235 pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies