Plant-Based Egg Replacers Market to Reach USD 2,386.45 million with an 6.0% CAGR

April 21, 2023

Market Analysis and Insights: Global Plant- Based Egg Replacers Market

Global plant- based egg replacers market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,386.45 million by 2029.

The plant-based egg replacers only include commercial plant-based egg replacers and only those products that are labelled by the manufacturers as plant-based egg replacers or products for which the egg replacement is listed one of the application in their product descriptions. They are produced by plant-based raw materials such as protein isolates and concentrates, starches, legumes, cereals, and others.

The plant-based eggs replacers replicate almost all of the functionality of conventional eggs. Plant-based egg replacers are simply intended to provide the binding properties needed for foods like cakes, muffins, and pancakes. They serve the purpose of stabilization, gelation, emulsification, and others.

Plant-based eggs offer various health benefits such as are cholesterol-free, allergen-free, and hence, are opted by the consumers suffering from health issues related to cholesterol or who suffer from egg allergy. Additionally, plant-based eggs offer high food safety as they are made from plant-based raw material and thus reduces the risk of food-borne illness. Moreover, they are environmentally sustainable.

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Global Plant- Based Egg Replacers Market Scope and Market Size

The global plant-based egg replacers market is segmented into eight notable segments based on the type, source, gum used, form, function, nature, category, and application.

On the basis of type, the global plant-based egg replacers market is segmented into white egg replacement, egg yolk replacement and complete egg replacement. In 2022, the white egg replacement segment is expected to dominate the market owing to the health benefits of white egg replacements. In addition, increasing vegan population drives the market growth.
On the basis of source, the global plant-based egg replacers market is segmented into soy protein, pea protein, flaxseed, chia seeds, wheat protein, algal flour, tapioca starch, potato starch, arrowroot starch, fava bean, mung bean, and others. In 2022, the soy protein segment is expected to dominate the plant-based egg market due to the increasing demand for soy protein to give the plant-based egg a great texture and to imitate the texture of conventional eggs among manufacturers.

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Competitive Landscape and Plant-Based Egg Replacers Market Share Analysis

Global plant- based egg replacers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to the global plant-based egg replacers market.

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