Egg Replacers Market Trend and Growth Forecast-2032

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Egg Replacers Market Size to Cross USD 2.4 Bn by
2032
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Overview of Egg Replacers Market

• The egg replacers market size is expected to
  record 6.5 CAGR from 2023 to 2032 due to
  evolving consumer preferences and heightened
  health consciousness. The burgeoning trend of
  veganism and vegetarianism, coupled with the
  escalating prevalence of egg allergies and
  cholesterol-related health concerns, has fueled
  the demand for egg substitutes across various
  food beverage applications. According to a
  recent study, the global vegan market will reach
  over USD 22 billion by 2025.
• The growing emphasis on sustainable and
  cruelty-free food production practices has
  significantly contributed to the market growth,
  fostering the development of innovative and
  environmentally friendly egg replacement
  solutions. In May 2023, Float Foods, a
  Singapore-based company, launched OnlyEg poached
  eggs and OnlyEg Egg Yolk, as the first
  commercially available plant-based egg
  alternative in Asia.

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• The animal-based segment is expected to witness
  substantial growth through 2032 as key players
  are investing in RD activities to create
  sustainable and ethical alternatives, promoting
  the use of ethically sourced eggs in the
  production of egg replacers. This approach aims
  to cater to the consumers' preference for
  products that mimic the taste and texture of
  conventional eggs while aligning with their
  ethical considerations.
• The dairy products segment is predicted to
  generate significant revenues from 2023 to 2032
  owing to the rising adoption of egg substitutes
  in various dairy-based products. As consumers
  increasingly seek healthier alternatives,
  manufacturers are integrating egg replacers into
  a wide range of dairy products, including ice
  creams, yogurts, and cheese, to enhance
  nutritional value and cater to the growing demand
  for plant-based dairy alternatives. This trend is
  expected to continue fostering the usage of egg
  replacers in the dairy products application
  throughout the forecast period.

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• Asia Pacific egg replacers market size is
  anticipated to record significant growth through
  2032 due to the growing awareness regarding the
  health benefits associated with plant-based
  diets, coupled with the rising disposable incomes
  of consumers. Moreover, the increasing prevalence
  of lifestyle-related health issues has prompted a
  shift toward healthier and sustainable dietary
  choices, further stimulating the adoption of egg
  replacers in the Asia Pacific region.
• Notable participants in the egg replacers market
  include Cargill Inc., DuPont Nutrition Health,
  Kerry Group, Glambia Plc., Tate and Lyle and
  Ingredion Inc., Corbion Puratos, Danone Nutricia,
  Flordia Food Products LLC, FIberstar Inc., MGP
  Ingredients, Vitapro S.A, Future Food Ingredients

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