Egg Substitute Market (2024-2031): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | Corbion Puratos Eat Just, Inc. Ener-G Foods

Egg substitute market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). An egg substitute refers to any ingredient or product used as a replacement for eggs in recipes due to dietary restrictions, allergies, or ethical reasons. These substitutes mimic the binding, leavening, or moisture-retaining properties of eggs.

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A major driver of the global egg substitute market's growth is the surging popularity of vegan and vegetarian diets. Consumers are increasingly embracing plant-based lifestyles, motivated by a desire for ethical treatment of animals, environmental sustainability, and potential health benefits. For instance, India's plant-based meat market is projected to experience significant growth, soaring from an estimated $30-40 million to $500 million. The broader vegan food sector is anticipated to achieve a compound annual growth rate of 11.32% between 2022 and 2027. Egg substitutes perfectly address this shift by offering a reliable plant-based alternative that allows vegans and vegetarians to enjoy baked goods and other dishes traditionally reliant on eggs. This growing segment of the population creates a significant demand for innovative and effective egg substitutes, further propelling the global market forward.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Egg Substitutes Marketby Form
o Dry
o Liquid

GlobalEgg Substitutes Market by Application
o Bakery and Confectionery
o Savories
o Sauces
o Dressings and Spreads

Global Egg Substitutes Market by Distribution Channel
o Online Stores
o Supermarkets and Hypermarkets
o Convenience Stores Services
o Specialty Stores Services

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o The Middle East & Africa

Company Profiles
o All American Foods
o Bob's Red Mill
o Corbion Puratos
o Eat Just, Inc.
o Ener-G Foods
o FIberstar Inc.
o Flordia Food Products LLC
o Glambia Plc.
o Ingredion Incorporated
o Kerry Group plc.
o Mevalia (Vitaflo International Ltd )
o MGP
o Ward McKenzie Pty Ltd

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global egg substitute market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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