The global Egg Substitutes market was valued at US$ 803 million in 2020 and is expected to reach US$ 1307.5 million by the end of 2027, growing at a CAGR of 6.5% during 2021-2027.
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.
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%.
Global Egg Substitutes Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Egg Substitutes Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are 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 and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-egg-substitutes-market-outlook
Segment by Type
- Non Powdery Solid
Segment by Application
- Direct Selling
- Supermarkets and Hypermarkets
- Independent Retailers
Table of Content:
1 Egg Substitutes Market Overview
2 Egg Substitutes Market Competition by Manufacturers
3 Egg Substitutes Retrospective Market Scenario by Region
4 Global Egg Substitutes Historic Market Analysis by Type
5 Global Egg Substitutes Historic Market Analysis by Application
6 Key Companies Profiled
7 Egg Substitutes Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Egg Substitutes Market Dynamics
10 Global Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta