Europe Egg Replacers Market

Europe Egg Replacers Market Growth and Forecast (2023 - 2028):

Europe Egg Replacers Market was worth US$ xx million in 2022, and it is foreseen to reach a valuation of US$ xx million, developing with an annual growth rate (CAGR) of xx% between 2023 and 2028.

Market Overview:

Egg Replacers are ingredients or groups of ingredients that work together to provide similar properties to replicate the effect of eggs in a recipe. Egg Replacers are foods that can be used to replace eggs in baking and cooking. There are a variety of egg alternatives, including applesauce, flaxseed powder or chia seeds, mashed bananas, yogurt, silk tofu, vinegar, buttermilk, arrowroot powder, baking soda, nut butter, and aquapava. There are many reasons why you should avoid eggs. Allergies and dietary preferences are the most common reasons related to health purposes, ethical reasons, and environmental problems. Egg Replacers are designed to help manufacturers overcome rising egg costs and increase profitability by reducing egg white baked goods with a better appearance and texture. Therefore, these benefits are likely to drive the European egg replacement market in the future. Egg Replacers are foods that are used as substitutes for eggs during cooking and baking. It is widely used in a variety of products, including muffins, cakes, chocolate, mayonnaise, ice cream, etc. without changing the taste and shape of the final product.

Europe Egg Replacers Market Growth:

The trend of following the vegan diet is supposed to increase the demand in the European market for egg replacers.

Recent Developments in Europe Egg Replacers Industry:

• In 2019, DuPont developed a new egg replacement system for plant-based meat substitutes. Grindsted Plant-Tex Solution has properties similar to egg whites and can be added directly to the mix during the production of vegan meats such as hamburgers, sausages and cold hams.
• In May 2019, Ingredion Incorporated launched NOVATION® Lumina. With the launch of these starches, Ingredion is helping customers achieve their preferred label claims by achieving higher, bolder goals with a clean label portfolio.

Drivers:

Rising fresh egg prices and increased consumer awareness of various healthy diet trends are estimated to drive the growth of Europe Egg Replacers market during the outlook period. Changing people's food preferences is also driving market growth. Consumers' switch from eggs to plant-based products is motivated by a number of factors, allergies and dietary preferences, health goals, ethical reasons, and environmental issues. Egg replacers are emerging as a viable way to address these problems by reducing the cost of healthier nutritional ingredients. The evaluation shows that the 50% egg replacement recipe produces a greater quantity of cake with a better appearance in terms of softness and elasticity of the crumb, and less perception of the color of the crumb. Consumers who follow vegan diets prefer products made with natural, plant-based ingredients due to a variety of health and ethical concerns. This factor is supposed to increase egg replacement sales in the Europe market. A greater trend to lower cholesterol could be a good sign for the Europe egg replacers market. This may be due to the high cholesterol risk associated with consuming egg yolk. Players can primarily target vegetarians to improve sales in the European market. Vegans generally prefer Egg Replacers to avoid eating them, but they get the same health benefits. Because there are no egg yolks, Egg Replacers are low in cholesterol and fat, but high in protein. The egg shortage crisis due to avian influenza, increasing demand for plant raw materials and rising egg costs are the factors foreseen to support the growth of the Europe Egg Replacers market during the forecast period. Growing consumer awareness of preventive care and a propensity for low cholesterol products is likely to drive growth in the Europe Egg Replacers market during the forecast period.

Factors such as rising egg prices, egg shortages, and various egg-related diseases are driving the growth of the market for Egg Replacers in Europe over the outlook period. The growing vegan population and the rising number of people with egg allergies are the main factors driving the growth of the Europe Egg Replacers business. Egg Replacers provide the same nutritional properties as eggs. The growing awareness of people around the region about healthy eating habits is leading the Europe Egg Replacers industry. Additionally, the growing vegan adoption in developed countries is driving the market for Europe Egg Replacers. As the price of the egg food industry increases, it is moving towards the use of egg replacement products, which is having a positive impact on the Europe Egg Replacers market. The use of new Egg Replacers in bakery products is expected to present unexplored opportunities for Europe Egg Replacers market participants. Factors such as increased demand for products with improved shelf life, increased concern for health and diet, and the adoption of vegan bakery foods are driving the Europe Egg Replacers market growth. The increasing call for vegetarian and vegan products as the adoption of healthy eating habits among consumers increases is also a key factor driving the growth of the Europe Egg Replacers market. Additionally, incidence rates, such as the bird flu outbreak, are increasing the preference for vegan diets among people. Changing eating habits and supplying a wide range of vegan foods at affordable prices are expected to drive the growth of the market for Egg Replacers in the near future. The growing economic opportunities in developing countries and the growing demand for vegan and vegetarian foods are key factors driving the Europe Egg Replacers market.

Restraints:

The rising cost of the final product and the fact that egg substitute ingredients do not provide the same flavor effect as eggs will limit the growth of the Europe Egg Replacers market during the forecast period. The volatility of egg replacement is expected to hamper Europe Egg Replacers market growth. Also, the few functions of egg replacement ingredients compared to eggs may hamper the growth of the regional market.

Europea Egg Replacers Market Segmentation Analysis:

Depending on the application, the Europe Egg Replacers market is segmented into sauces, dressings, bakery and confectionery, savories, spreads, etc. The spreads segment occupied the significant proportion in the regional market.

Based on the ingredients, the Europe Egg Replacers market is segmented into starch, dairy protein, soy-based products, algal flour, etc. The dairy protein segment is supposed to account for a 31.6% revenue share of the local market, while the starch segment supposed to post a 5.7% CAGR in value during the projection period.

By form, the Europe Egg Replacers market is segmented into liquid and dry. The dry form is estimated to grow at the highest CAGR over the outlook period because it has a long shelf life and can be easily mixed with bakery doughs and other products.

Based on the source, the regional market is bifurcated into plants and animals.

Regional Analysis:

The European Egg Replacers market is expected to show the highest growth during the foreseen period due to increased vegan consumption. High disposable income can be a powerful factor supporting demand in the Europe Egg Replacers market. A heightened awareness of the adverse effects of high cholesterol on the human body is likely to drive increased demand in the European market for Egg Replacers.

Key Players in the Market:

Major Key Players in the Europe Egg Replacers Market are

Glanbia Plc, Corbion NV, Ingredion Incorporated, Tate & Lyle Plc, Natural Products, Inc., TerraVia Holdings, Inc., Ener-G Foods, Inc., Puratos Group, Orchard Valley Foods Limited and Archer Daniels Midland Company.