Global Egg Substitutes Market Growth 2023-2029

Global Egg Substitutes Market Growth 2023-2029

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.
LPI (LP Information)' newest research report, the “Egg Substitutes Industry Forecast” looks at past sales and reviews total world Egg Substitutes sales in 2022, providing a comprehensive analysis by region and market sector of projected Egg Substitutes sales for 2023 through 2029. With Egg Substitutes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Egg Substitutes industry.
This Insight Report provides a comprehensive analysis of the global Egg Substitutes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Egg Substitutes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Egg Substitutes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Egg Substitutes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Egg Substitutes.
The global Egg Substitutes market size is projected to grow from US$ 875.1 million in 2022 to US$ 1381.8 million in 2029; it is expected to grow at a CAGR of 1381.8 from 2023 to 2029.
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%.
This report presents a comprehensive overview, market shares, and growth opportunities of Egg Substitutes market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Powder
Non Powdery Solid
Liquid
Segmentation by application
Direct Selling
Supermarkets and Hypermarkets
Independent Retailers
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Egg Substitutes market?
What factors are driving Egg Substitutes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Egg Substitutes market opportunities vary by end market size?
How does Egg Substitutes break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.