代替卵市場 – 2029年までの世界予測

Egg Replacers Market - Global Forecast to 2029

代替卵市場 - 原材料(代替タンパク質、デンプン、藻類粉、大豆製品)、供給源(植物、動物)、用途(ベーカリーおよび製菓、セイボリー、ソース、ドレッシングおよびスプレッド)、形態および地域別 - 2029年までの世界予測
Egg Replacers Market by Ingredient (Alternative Proteins, Starch, Algal Flour, Soy-Based Products), Source (Plant, Animal), Application (Bakery & Confectionery, Savories, Sauces, Dressings & Spreads), Form and Region - Global Forecast to 2029
出版社MarketsandMarkets
出版年月2024年7月
ページ数261
図表数311
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The global market for egg replacers is estimated at USD 2.3 billion in 2024 and is projected to reach USD 3.3 billion by 2029, at a CAGR of 8.0% during the forecast period.

代替卵市場は2024年に23億米ドルと推定され、予測期間中のCAGRは8.0%で、2029年までに33億米ドルに達すると予測されています。

Concerns about egg allergies, animal welfare, and sustainability are making the food and beverage industries seek egg replacements. This impetus is further extended by the EU legislative decision to phase out, by the end of 2023, and totally ban, by 2027, the use of caged eggs. It’s an ethically and climatically driven initiative, as manufacturers move to more expensive organic or free-range eggs and find higher costs in the process. It is due to these pressures, in effect, that many bakery producers wish to cut these costs by simply reducing the content of eggs within products and find egg replacers to be quite a suitable solution. On account of this trend, the egg replacers market is gaining substantial impetus, as these support product affordability and making companies compromise on quality or ethical standards.

代替卵市場 - 2029年までの世界予測
Egg Replacers Market

“Increasing awareness of consumers regrading healthy eating habits”

Increasing consumer awareness about healthy eating habits is a significant driver for the egg replacers market. According to the 2023 Food and Health Survey by the International Food Information Council, environmental sustainability influences the food and beverage purchasing decisions of 34% of Americans. Additionally, 35% consider the climate friendliness of a product when making these decisions. Millennials are particularly concerned, with 46% prioritizing sustainability, compared to 39% of Gen Z, 38% of Gen X, and 22% of Boomers. This growing consciousness about health and environmental impact is leading more consumers to seek egg replacers, which are often seen as more sustainable and healthier alternatives to traditional eggs.

代替卵市場 - 2029年までの世界予測 ecosystem
Egg Replacers Market Ecosystem

“In 2023, plant source dominated the egg replacers market within the source segment. “

It is people’s preference for vegan/vegetarian egg replacers, correspondingly meeting dietary orientation, that keeps away from animal products. They have an origin from sources such as soy, pea protein, flaxseed, among many others; hence, they are able to offer a wide variety in nutritional value, from high protein to essential fatty acids. Additionally, plant-based options are considered more sustainable due to their minute ecological footprint when compared with animal products, thus being attractive to consumers concerned about the ecological impact of food choices. In addition, manufacturers find plant-based egg replacers versatile in several food applications in bakery, confectionery, and sauces, whereby they can alias the functionality of eggs without compromising texture or taste. Such a blend of nutritional benefits, sustainability appeal, and functional versatility has easily captured the market for plant-based egg replacers in 2023.

“Within the ingredient segment of egg replacers market, algal flour is expected to grow at highest CAGR during the forecast period.”

The nutritional value and practical uses of algal flour, which is made from a variety of algae including microalgae and seaweed, are making it more and more popular. Because it has important vitamins, minerals, and omega-3 fatty acids, it’s a healthy substitute for elements found in regular eggs. Algal flour is also valued for its environmentally friendly manufacturing practices and low impact on the environment, which corresponds with customer demands for eco-friendly goods. Algal flour has the same binding, emulsifying, and texturizing qualities as eggs in food applications, which makes it appropriate for a variety of items such as drinks, baked goods, and sauces. These elements support the predicted explosive expansion of algae flour in the market for egg substitutes, establishing it as a viable option for producers seeking to satisfy both sustainability and nutritional requirements.

The North America region is expected to dominate the egg replacers market during the forecast period.

Several factors are driving North America to take the lead in the egg replacers market. Consumers  are increasingly shifting towards plant-based diets and alternatives to traditional animal-based products for their daily consumption, influenced by health concerns and ethical considerations expressed over animal welfare. This trend is therefore much stronger in North America, a region where awareness and demand for sustainable food remain very high. A well-established food and beverage industry that allows scope for innovation easily makes it convenient to develop and adopt egg replacers across various food applications. More importantly, stringent regulatory standards and emphasis on using clean label ingredients strengthen the market for egg replacers to best meet consumer preferences with regard to health, allergen-free, and environment-friendly products. These factors together make North America a leader in the markets of egg replacers, with ample growth opportunities from growing popularity of plant-based eating. For instance, GFI and PBFA indicate that insights show the US retail plant-based food market had hit USD 8.1 billion in 2023, thus portraying the huge potential waiting to be exploited within this market.

The Break-up of Primaries:

  • By Value Chain Side: Demand Side – 40% and Supply Side – 60%
  • By Designation: CXOs – 30%, Managers – 25%, Executives – 45%
  • By Region: North America – 25%, Europe – 25%, APAC – 25%, South America – 15%, and RoW – 10%
代替卵市場 - 2029年までの世界予測 region
Europe: Egg Replacers Market Snapshot

Key players in this market include Cargill, Incorporated (US), ADM (US), Kerry Group plc (Ireland), Ingredion (US), Tate & Lyle (UK), Puratos (Belgium), Corbion (Netherlands), Arla Foods Ingredients Group (Denmark), Glanbia plc (Ireland), Dupont (US), MGP Ingredients (US), Danone (France), Fiberstar, Inc (US), J&K Ingredients (US), and AAK Foods (Sweden).

Research Coverage:

The report segments the egg replacers market based on ingredient, application, source, form, and region. In terms of insights, this report has focused on various levels of analyses—the competitive landscape, end-use analysis, and company profiles, which together comprise and discuss views on the emerging & high-growth segments of the egg replacers market, high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, services, key strategies, contracts, partnerships, and agreements. New product launches, mergers and acquisitions, and recent developments associated with the egg replacers market. Competitive analysis of upcoming startups in the egg replacers market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall egg replacers market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities. The report provides insights on the following pointers:

  • Analysis of key drivers (Increasing awareness of consumers regrading healthy eating habits, Cost reduction, and Increasing adoption of vegan diet), restraints (Perception of taste and Egg-based foods and egg consumption) opportunities (The Asia-Pacific market provides immense potential for egg replacers and Awareness regarding veganism in the emerging economies of Asia-Pacific), and challenges (Functional limitations on replacing eggs completely).
  • Product Development/Innovation: Detailed insights on research & development activities and new product launches in the egg replacers market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the egg replacers market across varied regions.
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the egg replacers market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Cargill, Incorporated (US), ADM (US), Kerry Group plc (Ireland), Ingredion (US), Tate & Lyle (UK), Puratos (Belgium), Corbion (Netherlands), Arla Foods Ingredients Group (Denmark), Glanbia plc (Ireland), Dupont (US), MGP Ingredients (US), Danone (France), Fiberstar, Inc (US), J&K Ingredients (US), AAK Foods (Sweden) Palsgaard (Denmark), Revyve (Netherlands), PlantMade (India), Egg’n’up LTD (US), Eat Just, Inc (US).

Table of Contents

1            INTRODUCTION            25

1.1         STUDY OBJECTIVES      25

1.2         MARKET DEFINITION   25

1.3         MARKET SCOPE             26

1.3.1      MARKET SEGMENTATION         26

1.3.2      INCLUSIONS & EXCLUSIONS     27

1.4         YEARS CONSIDERED     27

1.5         UNIT CONSIDERED       28

1.5.1      CURRENCY/VALUE UNIT           28

1.6         STAKEHOLDERS            28

1.7         SUMMARY OF CHANGES            29

2            RESEARCH METHODOLOGY     30

2.1         RESEARCH DATA           30

2.1.1      SECONDARY DATA       31

2.1.1.1   Key data from secondary sources     31

2.1.2      PRIMARY DATA 32

2.1.2.1   Key data from primary sources         32

2.1.2.2   Key industry insights          33

2.1.2.3   Breakdown of primaries     34

2.2         MARKET SIZE ESTIMATION       34

2.2.1      BOTTOM-UP APPROACH           35

2.2.2      TOP-DOWN APPROACH             36

2.2.2.1   Approach to estimate market size using top-down analysis         36

2.3         DATA TRIANGULATION             38

2.4         RESEARCH ASSUMPTIONS         39

2.5         RESEARCH LIMITATIONS           39

3            EXECUTIVE SUMMARY 40

4            PREMIUM INSIGHTS      44

4.1         ATTRACTIVE MARKET OPPORTUNITIES FOR PLAYERS IN EGG REPLACERS MARKET    44

4.2         NORTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT & COUNTRY         45

4.3         EGG REPLACERS MARKET: SHARE OF MAJOR REGIONAL SUBMARKETS              46

4.4         EGG REPLACERS MARKET, BY INGREDIENT AND REGION          47

4.5         EGG REPLACERS MARKET, BY APPLICATION AND REGION        48

4.6         EGG REPLACERS MARKET, BY SOURCE AND REGION     49

4.7         EGG REPLACERS MARKET, BY FORM AND REGION         50

5            MARKET OVERVIEW     51

5.1         INTRODUCTION            51

5.2         MACROECONOMIC INDICATORS           51

5.2.1      INCREASE IN CONSUMPTION OF PLANT-BASED EGGS  51

5.2.2      RISE IN ACCEPTANCE OF VEGAN DIETS             52

5.3         MARKET DYNAMICS     52

5.3.1      DRIVERS            52

5.3.1.1   Adoption of cost-effective egg replacers         52

5.3.1.2   Increasing consumer awareness regarding healthy eating habits 53

5.3.1.3   Extended shelf life, lack of refrigeration needs, and decreased inventory needs              54

5.3.2      RESTRAINTS     54

5.3.2.1   Taste and texture consistency influence consumer acceptance   54

5.3.2.2   Inability to fully replicate nutritional benefits of real eggs           54

5.3.3      OPPORTUNITIES           55

5.3.3.1   Changes in consumers’ lifestyles      55

5.3.3.2   Incorporation of egg replacers into various food products           55

5.3.4      CHALLENGES   56

5.3.4.1   Regulatory and labeling issues          56

5.3.4.2   Unique formulation challenges due to dietary restrictions          56

5.4         IMPACT OF GEN AI ON EGG REPLACERS MARKET          57

5.4.1      INTRODUCTION            57

5.4.2      USE OF GEN AI IN EGG REPLACERS MARKET     58

5.4.3      CASE STUDY ANALYSIS 59

5.4.3.1   Shiru and Puratos’ AI-driven innovation allowed for targeted selection and optimization of proteins to meet specific food product requirements        59

5.4.3.2   Predictive algorithm helped Protera revolutionize protein-based ingredients              59

5.4.3.3   Kerry Trendspotter helped detect emerging flavors, ingredient combinations, and potential breakout products             60

5.4.4      ADJACENT ECOSYSTEM WORKING ON GEN AI  61

6            INDUSTRY TRENDS       62

6.1         INTRODUCTION            62

6.2         VALUE CHAIN ANALYSIS            62

6.2.1      RESEARCH & PRODUCT DEVELOPMENT            63

6.2.2      SOURCING        63

6.2.3      PROCESSING & PRODUCTION  63

6.2.4      LOGISTICS & DISTRIBUTION     63

6.2.5      MARKETING & SALES    63

6.2.6      POST-SALES SERVICES 64

6.3         TRADE ANALYSIS          64

6.3.1      EXPORT SCENARIO OF HS CODE 210610             64

6.3.2      IMPORT SCENARIO OF HS CODE 210610             65

6.4         TECHNOLOGY ANALYSIS           66

6.4.1      KEY TECHNOLOGIES    66

6.4.1.1   Protein engineering and fermentation           66

6.4.2      COMPLEMENTARY TECHNOLOGIES     66

6.4.2.1   High-moisture extrusion    66

6.4.3      ADJACENT TECHNOLOGIES      67

6.4.3.1   Food processing and packaging innovations   67

6.5         PRICING ANALYSIS        67

6.5.1      AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY INGREDIENT              68

6.5.2      DAIRY PROTEIN: AVERAGE SELLING PRICE TREND OF EGG REPLACERS,

BY REGION        70

6.5.3      STARCH: AVERAGE SELLING PRICE TREND OF EGG REPLACERS, BY REGION             71

6.5.4      ALGAL FLOUR: AVERAGE SELLING PRICE TREND OF EGG REPLACERS,

BY REGION        72

6.5.5      SOY-BASED PRODUCTS: AVERAGE SELLING PRICE TREND OF EGG REPLACERS, BY REGION             73

6.5.6      OTHER INGREDIENTS: AVERAGE SELLING PRICE TREND OF EGG REPLACERS, BY REGION             74

6.6         ECOSYSTEM ANALYSIS 75

6.6.1      DEMAND SIDE  75

6.6.2      SUPPLY SIDE    75

6.7         TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77

6.8         PATENT ANALYSIS        78

6.9         KEY CONFERENCES & EVENTS, 2024–2025           82

6.10       REGULATORY LANDSCAPE       83

6.10.1    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          83

6.10.2    NORTH AMERICA          86

6.10.2.1 US         86

6.10.2.2 Canada  86

6.10.3    EUROPE             87

6.10.3.1 UK         87

6.10.3.2 Germany             87

6.10.4    ASIA PACIFIC    88

6.10.4.1 China     88

6.10.4.2 Japan     88

6.10.4.3 India      88

6.10.5    SOUTH AMERICA           89

6.10.5.1 Brazil     89

6.10.5.2 Argentina            89

6.10.6    REST OF THE WORLD   90

6.10.6.1 South Africa        90

6.11       PORTER’S FIVE FORCES ANALYSIS         90

6.11.1    INTENSITY OF COMPETITIVE RIVALRY 91

6.11.2    BARGAINING POWER OF SUPPLIERS     92

6.11.3    BARGAINING POWER OF BUYERS           92

6.11.4    THREAT OF SUBSTITUTES         92

6.11.5    THREAT OF NEW ENTRANTS    92

6.12       KEY STAKEHOLDERS AND BUYING CRITERIA    93

6.12.1    KEY STAKEHOLDERS IN BUYING PROCESS         93

6.12.2    BUYING CRITERIA         94

6.13       CASE STUDY ANALYSIS 95

6.13.1    EGG’N’UP’S REVOLUTIONARY PLANT-BASED EGG REPLACEMENT SOLUTIONS      95

6.13.2    REDUCING EGG COSTS AND EMISSIONS THROUGH KERRY’S BIOBAKE EGR      95

6.13.3    INGREDION’S EVANESSE CB6194 – CLEAN LABEL SOLUTION FOR MODERN EMULSIFICATION      96

6.14       INVESTMENT AND FUNDING SCENARIO            97

7            EGG REPLACERS MARKET, BY APPLICATION     98

7.1         INTRODUCTION            99

7.2         BAKERY & CONFECTIONERY     100

7.2.1      GROWING DEMAND FOR PLANT-BASED, ALLERGEN-FREE, AND HEALTH-CONSCIOUS PRODUCTS TO DRIVE MARKET   100

7.3         SAVORIES          101

7.3.1      EGG REPLACERS TO MEET EVOLVING CUSTOMER PREFERENCES WHILE MAINTAINING HIGH STANDARDS OF TASTE AND FUNCTIONALITY              101

7.4         SAUCES, DRESSINGS, AND SPREADS      102

7.4.1      REDUCTION OF CARBON FOOTPRINT AND PROMOTION OF ENVIRONMENT FRIENDLY PRACTICES TO BOOST MARKET      102

7.5         OTHER APPLICATIONS 103

8            EGG REPLACERS MARKET, BY INGREDIENT       105

8.1         INTRODUCTION            106

8.2         DAIRY PROTEIN             108

8.2.1      FUNCTIONAL SIMILARITIES TO EGGS IN FOOD PROCESSING AND BAKING HELP BOOST MARKET 108

8.3         STARCH             110

8.3.1      MOISTURE RETENTION AND BINDING PROPERTIES OF STARCH TO ACCELERATE MARKET GROWTH           110

8.4         ALGAL FLOUR  111

8.4.1      UNIQUE NUTRITIONAL PROFILE AND FUNCTIONAL PROPERTIES OF ALGAL FLOUR TO DRIVE MARKET         111

8.5         SOY-BASED PRODUCTS 113

8.5.1      INCREASING DEMAND FOR PLANT-BASED AND ALLERGEN-FREE ALTERNATIVES TO ACCELERATE MARKET GROWTH    113

8.6         OTHER INGREDIENTS  115

9            EGG REPLACERS MARKET, BY SOURCE 117

9.1         INTRODUCTION            118

9.2         PLANT 119

9.2.1      IMPROVED NUTRITIONAL PROFILES OF PLANT-BASED EGG ALTERNATIVES AND INCREASING AWARENESS OF ENVIRONMENTAL SUSTAINABILITY TO DRIVE MARKET    119

9.3         ANIMAL             120

9.3.1      RISING CONSUMER AWARENESS ABOUT ENVIRONMENTAL IMPACT AND HEALTH CONSIDERATIONS ASSOCIATED WITH ANIMAL PRODUCTS TO RESTRAIN MARKET GROWTH   120

10          EGG REPLACERS MARKET, BY FORM     122

10.1       INTRODUCTION            123

10.2       DRY      124

10.2.1    LONGER SHELF LIFE AND CONVENIENCE OF EASY STORAGE TO DRIVE POPULARITY OF POWDERED FORMULATIONS 124

10.3       LIQUID 125

10.3.1    EASE OF USE IN LIQUID-BASED RECIPES AND QUICK-SERVICE FOOD PRODUCTION TO FOSTER MARKET GROWTH  125

11          EGG REPLACERS MARKET, BY REGION  127

11.1       INTRODUCTION            128

11.2       NORTH AMERICA          131

11.2.1    US         135

11.2.1.1 Surging demand for sustainable and affordable alternatives to drive market              135

11.2.2    CANADA            137

11.2.2.1 Government initiatives and rising demand for plant-based products to boost market   137

11.2.3    MEXICO             138

11.2.3.1 Increasing preferences for more sustainable and environmentally friendly food options to boost market     138

11.3       EUROPE             139

11.3.1    FRANCE             143

11.3.1.1 Increasing focus on health and sustainability to accelerate market growth 143

11.3.2    GERMANY         144

11.3.2.1 Robust agricultural imports and demand for diverse food products to drive market              144

11.3.3    SPAIN   145

11.3.3.1 Surge in plant-based eating and rising food prices to drive egg replacer opportunities       145

11.3.4    ITALY   146

11.3.4.1 Rising health consciousness and expanding demand for plant-based alternatives to boost market        146

11.3.5    UK         147

11.3.5.1 Growing demand for plant-based alternatives and presence of key players to fuel market growth     147

11.3.6    REST OF EUROPE           148

11.4       ASIA PACIFIC    149

11.4.1    CHINA  153

11.4.1.1 Growing health concerns and inclination toward plant-based foods among consumers to drive demand for plant-based egg substitutes        153

11.4.2    JAPAN  154

11.4.2.1 Growing health and environmental awareness to drive increasing demand for plant-based protein sources             154

11.4.3    INDIA   155

11.4.3.1 Strategic investments, policy changes, and government’s strategic support for plant-based food startups to bolster market growth      155

11.4.4    AUSTRALIA & NEW ZEALAND   157

11.4.4.1 Growing consumer preference for vegan and alternative diet products to boost demand for egg replacers   157

11.4.5    REST OF ASIA PACIFIC  158

11.5       SOUTH AMERICA           159

11.5.1    BRAZIL 163

11.5.1.1 Integration of advanced technologies and significant investments to create favorable environment for egg replacers         163

11.5.2    ARGENTINA      165

11.5.2.1 Robust growth in plant-based sector to significantly impact egg replacers market              165

11.5.3    REST OF SOUTH AMERICA         166

11.6       ROW     167

11.6.1    AFRICA 170

11.6.1.1 Growing vegan eating habits to drive market 170

11.6.2    MIDDLE EAST  171

11.6.2.1 Rapid economic growth and escalating health concerns to propel market growth              171

12          COMPETITIVE LANDSCAPE       173

12.1       OVERVIEW        173

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN          173

12.3       REVENUE ANALYSIS      176

12.4       MARKET SHARE ANALYSIS, 2023             177

12.5       MARKET RANKING ANALYSIS   178

12.6       COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023   179

12.6.1    STARS  179

12.6.2    EMERGING LEADERS    179

12.6.3    PERVASIVE PLAYERS     180

12.6.4    PARTICIPANTS 180

12.6.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      181

12.6.5.1 Region footprint  182

12.6.5.2 Ingredient footprint           183

12.6.5.3 Application footprint         184

12.6.5.4 Source footprint   185

12.7       COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023          186

12.7.1    PROGRESSIVE COMPANIES       186

12.7.2    RESPONSIVE COMPANIES          186

12.7.3    DYNAMIC COMPANIES 186

12.7.4    STARTING BLOCKS       186

12.7.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             188

12.7.5.1 Detailed list of key startups/SMEs   188

12.7.5.2 Competitive benchmarking of key startups/SMEs        189

12.8       COMPANY VALUATION AND FINANCIAL METRICS        190

12.9       BRAND/PRODUCT COMPARATIVE ANALYSIS    191

12.10     COMPETITIVE SCENARIO AND TRENDS             192

12.10.1  PRODUCT LAUNCHES  192

12.10.2  DEALS  193

12.10.3  EXPANSIONS    196

13          COMPANY PROFILES    198

13.1       KEY PLAYERS   198

13.1.1    CARGILL, INCORPORATED        198

13.1.1.1 Business overview 198

13.1.1.2 Products/Solutions/Services offered 199

13.1.1.3 Recent developments         200

13.1.1.4 MnM view           201

13.1.1.4.1            Key strengths       201

13.1.1.4.2            Strategic choices  201

13.1.1.4.3            Weaknesses and competitive threats 201

13.1.2    ARLA FOODS INGREDIENTS GROUP      202

13.1.2.1 Business overview 202

13.1.2.2 Products/Solutions/Services offered 203

13.1.2.3 Recent developments         204

13.1.2.4 MnM view           204

13.1.3    ADM     205

13.1.3.1 Business overview 205

13.1.3.2 Products/Solutions/Services offered 206

13.1.3.3 Recent developments         207

13.1.3.4 MnM view           208

13.1.3.4.1            Key strengths       208

13.1.3.4.2            Strategic choices  209

13.1.3.4.3            Weaknesses and competitive threats 209

13.1.4    KERRY GROUP PLC        210

13.1.4.1 Business overview 210

13.1.4.2 Products/Solutions/Services offered 211

13.1.4.3 Recent developments         212

13.1.4.4 MnM view           212

13.1.4.4.1            Key strengths       212

13.1.4.4.2            Strategic choices  213

13.1.4.4.3            Weaknesses and competitive threats 213

13.1.5    INGREDION      214

13.1.5.1 Business overview 214

13.1.5.2 Products/Solutions/Services offered 215

13.1.5.3 Recent developments         216

13.1.5.4 MnM view           217

13.1.5.4.1            Key strengths       217

13.1.5.4.2            Strategic choices  217

13.1.5.4.3            Weaknesses and competitive threats 218

13.1.6    TATE & LYLE    219

13.1.6.1 Business overview 219

13.1.6.2 Products/Solutions/Services offered 220

13.1.6.3 MnM view           221

13.1.6.3.1            Key strengths       221

13.1.6.3.2            Strategic choices  221

13.1.6.3.3            Weaknesses and competitive threats 221

13.1.7    PURATOS          222

13.1.7.1 Business overview 222

13.1.7.2 Products/Solutions/Services offered 223

13.1.7.3 Recent developments         223

13.1.7.4 MnM view           223

13.1.8    CORBION           224

13.1.8.1 Business overview 224

13.1.8.2 Products/Solutions/Services offered 225

13.1.8.3 MnM view           226

13.1.9    GLANBIA PLC   227

13.1.9.1 Business overview 227

13.1.9.2 Products/Solutions/Services offered 228

13.1.9.3 Recent developments         229

13.1.9.4 MnM view           229

13.1.10  DUPONT           230

13.1.10.1             Business overview 230

13.1.10.2             Products/Solutions/Services offered 231

13.1.10.3             MnM view           231

13.1.11  MGP     232

13.1.11.1             Business overview 232

13.1.11.2             Products/Solutions/Services offered 233

13.1.11.3             MnM view           233

13.1.12  DANONE           234

13.1.12.1             Business overview 234

13.1.12.2             Products/Solutions/Services offered 235

13.1.12.3             MnM view           235

13.1.13  FIBERSTAR, INC              236

13.1.13.1             Business overview 236

13.1.13.2             Products/Solutions/Services offered 236

13.1.13.3             MnM view           236

13.1.14  J&K INGREDIENTS         237

13.1.14.1             Business overview 237

13.1.14.2             Products/Solutions/Services offered 237

13.1.14.3             Recent developments         238

13.1.14.4             MnM view           238

13.1.15  AAK FOODS      239

13.1.15.1             Business overview 239

13.1.15.2             Products/Solutions/Services offered 239

13.1.15.3             MnM view           240

13.2       OTHER PLAYERS/STARTUPS/SMES        241

13.2.1    EAT JUST, INC.  241

13.2.2    EGG’N’UP LTD 242

13.2.3    PLANTMADE    242

13.2.4    REVYVE             243

13.2.5    PALSGAARD     244

13.2.6    FLORIDA FOOD PRODUCTS      245

13.2.7    ZERO EGG         246

13.2.8    CRESPEL & DEITERS GROUP     247

13.2.9    PLANT B            247

13.2.10  YO EGGS           248

14          ADJACENT AND RELATED MARKETS     249

14.1       INTRODUCTION            249

14.2       LIMITATIONS   249

14.3       MEAT SUBSTITUTES MARKET  249

14.3.1    MARKET DEFINITION   249

14.3.2    MARKET OVERVIEW     249

14.4       PEA PROTEIN MARKET 250

14.4.1    MARKET DEFINITION   250

14.4.2    MARKET OVERVIEW     251

15          APPENDIX         253

15.1       DISCUSSION GUIDE      253

15.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             257

15.3       CUSTOMIZATION OPTIONS      259

15.4       RELATED REPORTS       259

15.5       AUTHOR DETAILS         260

LIST OF TABLES

TABLE 1             EGG REPLACERS MARKET: INCLUSIONS & EXCLUSIONS              27

TABLE 2             USD EXCHANGE RATES CONSIDERED, 2019–2023            28

TABLE 3             EGG REPLACERS MARKET SNAPSHOT, 2024 VS. 2029      40

TABLE 4             EXPORT VALUE OF HS CODE 210610, BY KEY COUNTRY,

2019–2023 (USD THOUSAND)     65

TABLE 5             IMPORT VALUE OF HS CODE 210610, BY KEY COUNTRY,

2019–2023 (USD THOUSAND)     66

TABLE 6             AVERAGE SELLING PRICE (ASP) TREND OF KEY PLAYERS, BY INGREDIENT,

2023 (USD/KG) 68

TABLE 7             AVERAGE SELLING PRICE (ASP) TREND OF EGG REPLACERS, BY INGREDIENT, 2019–2023 (USD/KG)   69

TABLE 8             DAIRY PROTEIN: AVERAGE SELLING PRICE (ASP) TREND OF EGG REPLACERS,

BY REGION, 2019–2023 (USD/KG)            70

TABLE 9             STARCH: AVERAGE SELLING PRICE (ASP) TREND OF EGG REPLACERS BY REGION, 2019–2023 (USD/KG)    71

TABLE 10           ALGAL FLOUR: AVERAGE SELLING PRICE (ASP) TREND OF EGG REPLACERS,

BY REGION, 2019–2023 (USD/KG)            72

TABLE 11           SOY-BASED PRODUCTS: AVERAGE SELLING PRICE (ASP) TREND OF

EGG REPLACERS, BY REGION, 2019–2023 (USD/KG)        73

TABLE 12           OTHER INGREDIENTS: AVERAGE SELLING PRICE (ASP) TREND OF EGG REPLACERS, BY REGION, 2019–2023 (USD/KG)  74

TABLE 13           EGG REPLACERS MARKET: ECOSYSTEM             76

TABLE 14           EGG REPLACERS MARKET: KEY PATENTS, 2014–2024      79

TABLE 15           EGG REPLACERS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS,

2024–2025          82

TABLE 16           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 83

TABLE 17           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 83

TABLE 18           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 84

TABLE 19           SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 85

TABLE 20           REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS 85

TABLE 21           PORTER’S FIVE FORCES IMPACT ON EGG REPLACERS MARKET              90

TABLE 22           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO SOURCES      93

TABLE 23           KEY BUYING CRITERIA FOR TOP TWO SOURCES            94

TABLE 24           GLOBAL EGG REPLACERS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     99

TABLE 25           GLOBAL EGG REPLACERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     100

TABLE 26           BAKERY & CONFECTIONERY: GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (USD MILLION)            100

TABLE 27           BAKERY & CONFECTIONERY: GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (USD MILLION)            101

TABLE 28           SAVORIES: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          101

TABLE 29           SAVORIES: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          102

TABLE 30           SAUCES, DRESSINGS, AND SPREADS: GLOBAL EGG REPLACERS MARKET,

BY REGION, 2019–2023 (USD MILLION)  103

TABLE 31           SAUCES, DRESSINGS, AND SPREADS: GLOBAL EGG REPLACERS MARKET,

BY REGION, 2024–2029 (USD MILLION)  103

TABLE 32           OTHER APPLICATIONS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          104

TABLE 33           OTHER APPLICATIONS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          104

TABLE 34           GLOBAL EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 106

TABLE 35           GLOBAL EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 107

TABLE 36           GLOBAL EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT)      107

TABLE 37           GLOBAL EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT)      107

TABLE 38           DAIRY PROTEIN: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          108

TABLE 39           DAIRY PROTEIN: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          109

TABLE 40           DAIRY PROTEIN: GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (KT)             109

TABLE 41           DAIRY PROTEIN: GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (KT)             109

TABLE 42           STARCH: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          110

TABLE 43           STARCH: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          110

TABLE 44           STARCH: GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (KT)           111

TABLE 45           STARCH: GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (KT)           111

TABLE 46          ALGAL FLOUR: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          112

TABLE 47          ALGAL FLOUR: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          112

TABLE 48          ALGAL FLOUR: GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (KT) 112

TABLE 49          ALGAL FLOUR: GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (KT) 113

TABLE 50           SOY-BASED PRODUCTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          113

TABLE 51           SOY-BASED PRODUCTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          114

TABLE 52           SOY-BASED PRODUCTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (KT) 114

TABLE 53           SOY-BASED PRODUCTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (KT) 114

TABLE 54           OTHER INGREDIENTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          115

TABLE 55           OTHER INGREDIENTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          115

TABLE 56           OTHER INGREDIENTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (KT) 116

TABLE 57           OTHER INGREDIENTS: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (KT) 116

TABLE 58           GLOBAL EGG REPLACERS MARKET, BY SOURCE, 2019–2023 (USD MILLION) 118

TABLE 59           GLOBAL EGG REPLACERS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 118

TABLE 60           PLANT: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          119

TABLE 61           PLANT: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          120

TABLE 62           ANIMAL: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          121

TABLE 63           ANIMAL: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          121

TABLE 64           GLOBAL EGG REPLACERS MARKET, BY FORM, 2019–2023 (USD MILLION)          123

TABLE 65           GLOBAL EGG REPLACERS MARKET, BY FORM, 2024–2029 (USD MILLION)          123

TABLE 66           DRY: GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (USD MILLION)     124

TABLE 67           DRY: GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (USD MILLION)     125

TABLE 68           LIQUID: GLOBAL EGG REPLACERS MARKET, BY REGION,

2019–2023 (USD MILLION)          125

TABLE 69           LIQUID: GLOBAL EGG REPLACERS MARKET, BY REGION,

2024–2029 (USD MILLION)          126

TABLE 70           GLOBAL EGG REPLACERS MARKET, BY REGION, 2019–2023 (USD MILLION) 129

TABLE 71           GLOBAL EGG REPLACERS MARKET, BY REGION, 2024–2029 (USD MILLION) 130

TABLE 72           NORTH AMERICA: EGG REPLACERS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          132

TABLE 73           NORTH AMERICA: EGG REPLACERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          132

TABLE 74           NORTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          132

TABLE 75           NORTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          133

TABLE 76           NORTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT) 133

TABLE 77           NORTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT) 133

TABLE 78           NORTH AMERICA: EGG REPLACERS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          134

TABLE 79           NORTH AMERICA: EGG REPLACERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          134

TABLE 80           NORTH AMERICA: EGG REPLACERS MARKET, BY SOURCE,

2019–2023 (USD MILLION)          134

TABLE 81           NORTH AMERICA: EGG REPLACERS MARKET, BY SOURCE,

2024–2029 (USD MILLION)          134

TABLE 82           NORTH AMERICA: EGG REPLACERS MARKET, BY FORM,

2019–2023 (USD MILLION)          135

TABLE 83           NORTH AMERICA: EGG REPLACERS MARKET, BY FORM,

2024–2029 (USD MILLION)          135

TABLE 84           US: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 136

TABLE 85           US: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 136

TABLE 86           CANADA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION)     137

TABLE 87           CANADA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION)     137

TABLE 88           MEXICO: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION)     138

TABLE 89           MEXICO: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION)     138

TABLE 90           EUROPE: EGG REPLACERS MARKET, BY COUNTRY, 2019–2023 (USD MILLION) 140

TABLE 91           EUROPE: EGG REPLACERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION) 140

TABLE 92           EUROPE: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION)     140

TABLE 93           EUROPE: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION)     141

TABLE 94           EUROPE: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT)           141

TABLE 95           EUROPE: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT)           141

TABLE 96           EUROPE: EGG REPLACERS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)     142

TABLE 97           EUROPE: EGG REPLACERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)     142

TABLE 98           EUROPE: EGG REPLACERS MARKET, BY SOURCE, 2019–2023 (USD MILLION) 142

TABLE 99           EUROPE: EGG REPLACERS MARKET, BY SOURCE, 2024–2029 (USD MILLION) 142

TABLE 100         EUROPE: EGG REPLACERS MARKET, BY FORM, 2019–2023 (USD MILLION)          143

TABLE 101         EUROPE: EGG REPLACERS MARKET, BY FORM, 2024–2029 (USD MILLION)          143

TABLE 102         FRANCE: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION)     144

TABLE 103         FRANCE: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION)     144

TABLE 104         GERMANY: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          145

TABLE 105         GERMANY: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          145

TABLE 106         SPAIN: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 146

TABLE 107         SPAIN: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 146

TABLE 108         ITALY: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 147

TABLE 109         ITALY: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 147

TABLE 110         UK: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 148

TABLE 111         UK: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 148

TABLE 112         REST OF EUROPE: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          148

TABLE 113         REST OF EUROPE: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          149

TABLE 114         ASIA PACIFIC: EGG REPLACERS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          150

TABLE 115         ASIA PACIFIC: EGG REPLACERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          150

TABLE 116         ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          150

TABLE 117         ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          151

TABLE 118         ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT) 151

TABLE 119         ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT) 151

TABLE 120         ASIA PACIFIC: EGG REPLACERS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          152

TABLE 121         ASIA PACIFIC: EGG REPLACERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          152

TABLE 122         ASIA PACIFIC: EGG REPLACERS MARKET, BY SOURCE, 2019–2023 (USD MILLION)     152

TABLE 123         ASIA PACIFIC: EGG REPLACERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)     152

TABLE 124         ASIA PACIFIC: EGG REPLACERS MARKET, BY FORM, 2019–2023 (USD MILLION) 153

TABLE 125         ASIA PACIFIC: EGG REPLACERS MARKET, BY FORM, 2024–2029 (USD MILLION) 153

TABLE 126         CHINA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 154

TABLE 127         CHINA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 154

TABLE 128         JAPAN: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 155

TABLE 129         JAPAN: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 155

TABLE 130         INDIA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 156

TABLE 131         INDIA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 156

TABLE 132         AUSTRALIA & NEW ZEALAND: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          157

TABLE 133         AUSTRALIA & NEW ZEALAND: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          158

TABLE 134         REST OF ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          158

TABLE 135         REST OF ASIA PACIFIC: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          159

TABLE 136         SOUTH AMERICA: EGG REPLACERS MARKET, BY COUNTRY,

2019–2023 (USD MILLION)          160

TABLE 137         SOUTH AMERICA: EGG REPLACERS MARKET, BY COUNTRY,

2024–2029 (USD MILLION)          160

TABLE 138         SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          160

TABLE 139         SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          161

TABLE 140         SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT) 161

TABLE 141         SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT) 161

TABLE 142        SOUTH AMERICA: EGG REPLACERS MARKET, BY APPLICATION,

2019–2023 (USD MILLION)          162

TABLE 143        SOUTH AMERICA: EGG REPLACERS MARKET, BY APPLICATION,

2024–2029 (USD MILLION)          162

TABLE 144         SOUTH AMERICA: EGG REPLACERS MARKET, BY SOURCE,

2019–2023 (USD MILLION)          162

TABLE 145         SOUTH AMERICA: EGG REPLACERS MARKET, BY SOURCE,

2024–2029 (USD MILLION)          162

TABLE 146         SOUTH AMERICA: EGG REPLACERS MARKET, BY FORM,

2019–2023 (USD MILLION)          163

TABLE 147         SOUTH AMERICA: EGG REPLACERS MARKET, BY FORM,

2024–2029 (USD MILLION)          163

TABLE 148         BRAZIL: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 164

TABLE 149         BRAZIL: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 165

TABLE 150         ARGENTINA: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          165

TABLE 151         ARGENTINA: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          166

TABLE 152         REST OF SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          166

TABLE 153         REST OF SOUTH AMERICA: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          167

TABLE 154         ROW: EGG REPLACERS MARKET, BY COUNTRY, 2019–2023 (USD MILLION)          167

TABLE 155         ROW: EGG REPLACERS MARKET, BY COUNTRY, 2024–2029 (USD MILLION)          167

TABLE 156         ROW: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 168

TABLE 157         ROW: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 168

TABLE 158         ROW: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (KT)      168

TABLE 159         ROW: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (KT)      169

TABLE 160         ROW: EGG REPLACERS MARKET, BY APPLICATION, 2019–2023 (USD MILLION) 169

TABLE 161         ROW: EGG REPLACERS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 169

TABLE 162         ROW: EGG REPLACERS MARKET, BY SOURCE, 2019–2023 (USD MILLION)          169

TABLE 163         ROW: EGG REPLACERS MARKET, BY SOURCE, 2024–2029 (USD MILLION)          170

TABLE 164         ROW: EGG REPLACERS MARKET, BY FORM, 2019–2023 (USD MILLION)          170

TABLE 165         ROW: EGG REPLACERS MARKET, BY FORM, 2024–2029 (USD MILLION)          170

TABLE 166         AFRICA: EGG REPLACERS MARKET, BY INGREDIENT, 2019–2023 (USD MILLION) 171

TABLE 167         AFRICA: EGG REPLACERS MARKET, BY INGREDIENT, 2024–2029 (USD MILLION) 171

TABLE 168         MIDDLE EAST: EGG REPLACERS MARKET, BY INGREDIENT,

2019–2023 (USD MILLION)          172

TABLE 169         MIDDLE EAST: EGG REPLACERS MARKET, BY INGREDIENT,

2024–2029 (USD MILLION)          172

TABLE 170         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN EGG REPLACERS MARKET, 2020–2024    174

TABLE 171         EGG REPLACERS MARKET: DEGREE OF COMPETITION, 2020–2024      178

TABLE 172         EGG REPLACERS MARKET: REGION FOOTPRINT            182

TABLE 173         EGG REPLACERS MARKET: INGREDIENT FOOTPRINT   183

TABLE 174         EGG REPLACERS MARKET: APPLICATION FOOTPRINT 184

TABLE 175         EGG REPLACERS MARKET: SOURCE FOOTPRINT            185

TABLE 176         EGG REPLACERS MARKET: KEY STARTUPS/SMES           188

TABLE 177         EGG REPLACERS MARKET: COMPETITIVE BENCHMARKING OF

KEY STARTUPS/SMES, 2023        189

TABLE 178         EGG REPLACERS MARKET: PRODUCT LAUNCHES, JANUARY 2020–JULY 2024 192

TABLE 179         EGG REPLACERS MARKET: DEALS, JANUARY 2020–JULY 2024              193

TABLE 180         EGG REPLACERS MARKET: EXPANSIONS, JANUARY 2020–JULY 2024      196

TABLE 181         CARGILL, INCORPORATED: COMPANY OVERVIEW        198

TABLE 182         CARGILL, INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   199

TABLE 183         CARGILL, INCORPORATED: DEALS        200

TABLE 184         CARGILL, INCORPORATED: EXPANSIONS           200

TABLE 185         ARLA FOODS INGREDIENTS GROUP: COMPANY OVERVIEW              202

TABLE 186         ARLA FOODS INGREDIENTS GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED   203

TABLE 187         ARLA FOODS INGREDIENTS GROUP: DEALS      204

TABLE 188         ADM: COMPANY OVERVIEW     205

TABLE 189         ADM: PRODUCTS/SOLUTIONS/SERVICES OFFERED      206

TABLE 190         ADM: PRODUCT LAUNCHES     207

TABLE 191         ADM: DEALS     207

TABLE 192         ADM: EXPANSIONS        208

TABLE 193         KERRY GROUP PLC: COMPANY OVERVIEW        210

TABLE 194         KERRY GROUP PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED          211

TABLE 195         KERRY GROUP PLC: DEALS        212

TABLE 196         KERRY GROUP PLC: PRODUCT LAUNCHES        212

TABLE 197         INGREDION: COMPANY OVERVIEW       214

TABLE 198         INGREDION: PRODUCTS/SOLUTIONS/SERVICES OFFERED              215

TABLE 199         INGREDION: PRODUCT LAUNCHES       216

TABLE 200         INGREDION: DEALS      216

TABLE 201         INGREDION: EXPANSIONS         217

TABLE 202         TATE & LYLE: COMPANY OVERVIEW     219

TABLE 203         TATE & LYLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              220

TABLE 204         PURATOS: COMPANY OVERVIEW           222

TABLE 205         PURATOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              223

TABLE 206         PURATOS: DEALS          223

TABLE 207         CORBION: COMPANY OVERVIEW           224

TABLE 208         CORBION: PRODUCTS/SOLUTIONS/SERVICES OFFERED              225

TABLE 209         GLANBIA PLC: COMPANY OVERVIEW    227

TABLE 210         GLANBIA PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED              228

TABLE 211         GLANBIA PLC: DEALS   229

TABLE 212         DUPONT: COMPANY OVERVIEW            230

TABLE 213         DUPONT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              231

TABLE 214         MGP: COMPANY OVERVIEW      232

TABLE 215         MGP: PRODUCTS/SOLUTIONS/SERVICES OFFERED       233

TABLE 216         DANONE: COMPANY OVERVIEW            234

TABLE 217         DANONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              235

TABLE 218         FIBERSTAR, INC: COMPANY OVERVIEW 236

TABLE 219         FIBERSTAR, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED              236

TABLE 220         J&K INGREDIENTS: COMPANY OVERVIEW          237

TABLE 221         J&K INGREDIENTS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          237

TABLE 222         J&K INGREDIENTS: DEALS         238

TABLE 223         AAK FOODS: COMPANY OVERVIEW       239

TABLE 224         AAK FOODS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              239

TABLE 225         EAT JUST, INC.: COMPANY OVERVIEW  241

TABLE 226         EGG’N’UP LTD: COMPANY OVERVIEW  242

TABLE 227         PLANTMADE: COMPANY OVERVIEW     242

TABLE 228         REVYVE: COMPANY OVERVIEW 243

TABLE 229         PALSGAARD: COMPANY OVERVIEW      244

TABLE 230         FLORIDA FOOD PRODUCTS: COMPANY OVERVIEW       245

TABLE 231         ZERO EGG: COMPANY OVERVIEW         246

TABLE 232         CRESPEL & DEITERS GROUP: COMPANY OVERVIEW      247

TABLE 233         PLANT B: COMPANY OVERVIEW            247

TABLE 234         YO EGGS: COMPANY OVERVIEW            248

TABLE 235         ADJACENT MARKETS TO EGG REPLACERS MARKET      249

TABLE 236         SOY PROTEIN: MEAT SUBSTITUTES MARKET, BY REGION,

2017–2020 (USD MILLION)          250

TABLE 237         SOY PROTEIN: MEAT SUBSTITUTES MARKET, BY REGION,

2021–2027 (USD MILLION)          250

TABLE 238         CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2020–2023 (USD MILLION)     251

TABLE 239         CONCENTRATES: PEA PROTEIN MARKET, BY REGION, 2024–2029 (USD MILLION)     252

LIST OF FIGURES

FIGURE 1           EGG REPLACERS MARKET SEGMENTATION      26

FIGURE 2           EGG REPLACERS MARKET: RESEARCH DESIGN 30

FIGURE 3           EGG REPLACERS MARKET: DEMAND-SIDE CALCULATION              35

FIGURE 4           EGG REPLACERS MARKET SIZE ESTIMATION STEPS AND

RESPECTIVE SOURCES: SUPPLY SIDE    36

FIGURE 5           EGG REPLACERS MARKET: SUPPLY-SIDE ANALYSIS       37

FIGURE 6           DATA TRIANGULATION METHODOLOGY         38

FIGURE 7           EGG REPLACERS MARKET, BY INGREDIENT, 2024 VS. 2029 (USD MILLION)          41

FIGURE 8           EGG REPLACERS MARKET, BY APPLICATION, 2024 VS. 2029 (USD MILLION) 41

FIGURE 9           EGG REPLACERS MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)          42

FIGURE 10         EGG REPLACERS MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)          42

FIGURE 11         EGG REPLACERS MARKET: MARKET SHARE (2023) AND CAGR (2024–2029),

BY REGION        43

FIGURE 12         RISING AWARENESS AMONG CONSUMERS REGARDING VEGAN DIETS AND INCREASING EGG COSTS TO DRIVE MARKET           44

FIGURE 13         DAIRY PROTEIN SEGMENT & US TO ACCOUNT FOR LARGEST SHARES IN 2024 45

FIGURE 14         US ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2024 46

FIGURE 15         DAIRY PROTEIN SEGMENT TO OCCUPY LARGEST MARKET SHARE DURING FORECAST PERIOD      47

FIGURE 16         BAKERY & CONFECTIONERY SEGMENT TO DOMINATE MARKET

DURING FORECAST PERIOD     48

FIGURE 17         PLANT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE

DURING FORECAST PERIOD     49

FIGURE 18         DRY SEGMENT TO OCCUPY LARGEST MARKET SHARE DURING FORECAST PERIOD     50

FIGURE 19         US: PLANT-BASED EGG SALES, USD MILLION (2019–2022)              51

FIGURE 20         MARKET DYNAMICS: EGG REPLACERS MARKET             52

FIGURE 21         MOTIVATIONS FOR FOLLOWING EATING PATTERN/DIET (%)              53

FIGURE 22         ADOPTION OF GEN AI IN EGG REPLACERS PRODUCTION PROCESS           58

FIGURE 23         EGG REPLACERS MARKET: VALUE CHAIN ANALYSIS      62

FIGURE 24         EXPORT VALUE OF HS CODE 210610: KEY COUNTRIES,

2019–2023 (USD THOUSAND)     64

FIGURE 25         IMPORT VALUE OF HS CODE 210610: KEY COUNTRIES,

2019–2023 (USD THOUSAND)     65

FIGURE 26         AVERAGE SELLING PRICE TREND OF EGG REPLACERS AMONG KEY PLAYERS,

BY INGREDIENT, 2023   68

FIGURE 27         AVERAGE SELLING PRICE TREND, BY INGREDIENT, 2019–2023              69

FIGURE 28         AVERAGE SELLING PRICE TREND OF DAIRY PROTEIN INGREDIENT, BY REGION, 2019–2023 (USD/KG) 70

FIGURE 29         AVERAGE SELLING PRICE TREND OF STARCH, BY REGION, 2019–2023 (USD/KG)      71

FIGURE 30         AVERAGE SELLING PRICE TREND OF ALGAL FLOUR, BY REGION,

2019–2023 (USD/KG)      72

FIGURE 31         AVERAGE SELLING PRICE TREND OF SOY-BASED PRODUCTS, BY REGION,

2019–2023 (USD/KG)      73

FIGURE 32         AVERAGE SELLING PRICE TREND OF OTHER INGREDIENTS, BY REGION,

2019–2023 (USD/KG)      74

FIGURE 33         KEY STAKEHOLDERS IN EGG REPLACERS MARKET ECOSYSTEM     75

FIGURE 34         EGG REPLACERS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 77

FIGURE 35         PATENTS GRANTED FOR EGG REPLACERS MARKET, 2014–2024              78

FIGURE 36         EGG REPLACERS MARKET: REGIONAL ANALYSIS OF PATENTS GRANTED,

2014–2024          79

FIGURE 37         EGG REPLACERS MARKET: PORTER’S FIVE FORCES ANALYSIS              91

FIGURE 38         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP TWO SOURCES      93

FIGURE 39         KEY BUYING CRITERIA FOR TOP TWO SOURCES            94

FIGURE 40         INVESTMENT & FUNDING SCENARIO OF MAJOR PLAYERS              97

FIGURE 41         BAKERY & CONFECTIONERY APPLICATION TO DOMINATE MARKET

DURING FORECAST PERIOD     99

FIGURE 42         DAIRY PROTEIN EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD       106

FIGURE 43         PLANT SOURCE PROJECTED TO DOMINATE MARKET DURING FORECAST PERIOD       118

FIGURE 44         DRY FORM EXPECTED TO DOMINATE MARKET DURING FORECAST PERIOD       123

FIGURE 45         GLOBAL INVESTMENT IN PLANT-BASED COMPANIES, 2017–2021      128

FIGURE 46         ITALY EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD       129

FIGURE 47         NORTH AMERICA: EGG REPLACERS MARKET SNAPSHOT              131

FIGURE 48         EUROPE: EGG REPLACERS MARKET SNAPSHOT 139

FIGURE 49         KEY MOTIVATIONS FOR CHANGING CONSUMER DIETARY PREFERENCES, 2020      149

FIGURE 50         SOUTH AMERICA: CONSUMER MOTIVATIONS FOR INCLINATION

TOWARD PLANT-BASED FOODS, 2020   159

FIGURE 51         BRAZIL: REVENUES OF FOOD RETAIL INDUSTRY, 2018–2022              164

FIGURE 52         ANNUAL REVENUE ANALYSIS OF KEY PLAYERS, 2019–2023 (USD BILLION)           176

FIGURE 53         SHARE OF LEADING COMPANIES IN EGG REPLACERS MARKET, 2023      177

FIGURE 54         RANKING OF TOP FIVE PLAYERS IN EGG REPLACERS MARKET, 2023      178

FIGURE 55         EGG REPLACERS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023     180

FIGURE 56         EGG REPLACERS MARKET: COMPANY FOOTPRINT        181

FIGURE 57         EGG REPLACERS MARKET: COMPANY EVALUATION MATRIX

(STARTUPS/SMES), 2023             187

FIGURE 58         COMPANY VALUATION OF FEW MAJOR PLAYERS (USD BILLION)           190

FIGURE 59         EV/EBITDA OF KEY COMPANIES            190

FIGURE 60         EGG REPLACERS MARKET: BRAND/PRODUCT COMPARATIVE ANALYSIS,

BY KEY BRAND 191

FIGURE 61         CARGILL, INCORPORATED: COMPANY SNAPSHOT        199

FIGURE 62         ARLA FOODS INGREDIENTS GROUP: COMPANY SNAPSHOT              203

FIGURE 63         ADM: COMPANY SNAPSHOT     206

FIGURE 64         KERRY GROUP PLC: COMPANY SNAPSHOT        211

FIGURE 65         INGREDION: COMPANY SNAPSHOT      215

FIGURE 66         TATE & LYLE: COMPANY SNAPSHOT     220

FIGURE 67         PURATOS: COMPANY SNAPSHOT          222

FIGURE 68         CORBION: COMPANY SNAPSHOT          225

FIGURE 69         GLANBIA PLC: COMPANY SNAPSHOT   228

FIGURE 70         DUPONT: COMPANY SNAPSHOT           231

FIGURE 71         MGP: COMPANY SNAPSHOT     232

FIGURE 72         DANONE: COMPANY SNAPSHOT            235