The global egg substitute market is anticipated to grow at a significant CAGR of 13.3% during the forecast period (2024-2031). The increasing health consciousness among consumers, coupled with rising concerns about cholesterol levels and allergies, has led to a growing demand for plant-based and allergy-free alternatives to eggs. The expanding vegan and vegetarian population worldwide is further driving the demand for egg substitutes as they seek animal-free protein sources. Additionally, changing dietary preferences, environmental sustainability concerns, and the influence of social media and food trends are further fueling the growth of the egg substitutes market globally.
In September 2023, Formo, a German precision fermentation startup, is set to introduce a lab-brewed egg alternative to the foodservice sector in Europe later this year. Formo's protein, derived from Aspergillus oryzae, offers functional properties akin to egg proteins without being classified as a novel food under EU regulations. Despite initial price premiums, Formo anticipates decreasing costs and has garnered positive consumer interest, especially in Germany, according to a peer-reviewed study commissioned by the company.
Moreover, in june 2023, Plantible Foods, a startup, has established a 140-acre lemna farm in Texas and unveiled Rubi Whisk, its inaugural product—a plant-based egg alternative. Founded in 2016 by Dutch entrepreneurs Tony Martens Fekini and Maurits van de Ven, the company has secured over $30 million in funding from investors including CJ CheilJedang and Kellogg’s venture arm eighteen94 capital. Rubi Whisk, derived from lemna-extracted RuBisCO protein, offers functional properties comparable to animal proteins and has attracted interest across diverse food sectors.
To Request a Sample of our Report on Egg Substitute Market:https://www.omrglobal.com/request-sample/egg-substitute-market
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
• By Form
• By Application
• By Distribution Channel
Regions Covered-
• North America
• Europe
• Asia-Pacific
• Rest of the World
Competitive Landscape- includes Archer Daniels Midland Company, Arla Foods Ingredients Group P/S, Cargill Inc., Danone Nutricia, International Flavors & Fragrances Inc. (DuPont de Nemours, Inc.) among others.
Egg Substitute Market Report Segment
By Form
· Dry
· Liquid
By Application
• Bakery and Confectionery
• Savouries
• Sauces
• Dressings and Spreads
By Distribution Channel
• Online Stores
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
A full Report of Egg Substitute Market is Available @ https://www.omrglobal.com/industry-reports/egg-substitute-market
Egg Substitute Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• All American Foods
• Bob's Red Mill
• Corbion Puratos
• Eat Just, Inc.
• Ener-G Foods
• FIberstar Inc.
• Flordia Food Products LLC
• Glambia Plc.
• Ingredion Incorporated
• Kerry Group plc.
• Mevalia (Vitaflo International Ltd )
• MGP
• Ward McKenzie Pty Ltd
Reasons to buy from us –
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/egg-substitute-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404