Global Egg Replacers Market to Reach $2 Billion by 2030
The global market for Egg Replacers estimated at US$1.4 Billion in the year 2023, is expected to reach US$2 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2023-2030. Dairy Proteins-based Replacers, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$868 Million by the end of the analysis period. Growth in the Starch-based Replacers segment is estimated at 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $382.4 Million, While China is Forecast to Grow at 8.1% CAGR
The Egg Replacers market in the U.S. is estimated at US$382.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$465 Million by the year 2030 trailing a CAGR of 8.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$282.7 Million by the year 2030.
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