EGG REPLACEMENT INGREDIENTS MARKET ANALYSIS

Egg Replacement Ingredients MarketSize and Trends

Global Egg Replacement Ingredients Market was valued at US$ 1,228.7 Mn in 2022, and is expected to exhibit a CAGR of 7.1 %, in terms of revenue, over the forecast period (2023-2030) to reach US$ 2,135.6 Mn by 2030.

Global Egg Replacement Ingredients Market: Market Trends

• Contentious product innovation by manufacturers

Contentious product innovation by manufacturers is a major trend that has been observed in the market and this is expected to fuel the market growth of egg replacement ingredients. For instance, in October 2019, Zero Egg has developed a nutritious plant-based liquid the egg that tastes, looks, and functions like a real egg and can be used as an egg substitute in any recipe, including omelets, baked goods, mayonnaise, sauces, and more. Zero egg has a high nutritional value and no cholesterol.

• Rising demand for gluten-free, non-GMO egg replacement ingredient

Rising demand for gluten-free, non-GMO egg replacement ingredients is expected to fuel the market growth of egg replacement ingredients. According to Coherent Market Insights, U.S-based Fiberstar offers a non-GMO clean-label egg replacement ingredient to consumers. The ingredient is derived from natural citrus fiber and enables partial or full replacement of eggs for food applications such as baked goods, gluten-free bakery products, mayonnaise, dairy-based desserts, meat products, and others.