According to the recent research report titled ‘Global Egg Replacers Market by Ingredient (Dairy Proteins, Starch, Algal Flour, Soy-based Products), Form (Dry, Liquid), Application (Bakery & Confectionery, Savories, Sauces, Dressings & Spreads), Regional Forecasts 2021-2027’, available with Market Study Report, global egg replacers market was worth USD 1.13 billion in 2020 and is projected to record a CAGR of 6.2% over 2021-2027, subsequently amassing USD 1.7 billion by the end of the forecast period.
 

As per the report findings, global egg replacers market growth is primarily driven by rising cognizance about healthy eating habits and growing acceptance of vegan diet.
 

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According to a study conducted by Kitchen Stories in 2019, 2.73% of the United States (US) population never ate a balanced meal throughout the period considered. Whereas, more than 36% of Americans ate healthy meals on a regular basis.
 

For the unversed, egg replacers are food ingredients that can be used to as a substitute for eggs in baking and cooking. Various egg alternatives are available in the market, including ground flaxseed, mashed banana, silken tofu, applesauce or chia seed, yoghurt, vinegar, nut butter, baking soda, buttermilk, arrowroot powder, aquafaba, and others.
 

Eggs are avoided for several reasons, the most common being allergies and dietary preferences. Other reasons include ethical concerns, health, and environmental concerns.
 

Speaking of factors restraining the expansion of worldwide egg replacers industry, perception of taste, along with consumption of egg-based foods and eggs are likely to hamper the remuneration scope of the industry over the forecast timespan.
 

Coming to regional landscape, Latin America, Asia Pacific, Europe, North America are the top contributors to the overall market remuneration. The report states that Asia Pacific currently dominates the market owing to surging demand for egg replacers in bakery and savory sectors in the region. China acts a major contributor to the regional market growth on account of rising cardiovascular diseases and concerns regarding negative effects of eggs.
 

Elaborating on competitive terrain, Glanbia plc, Fiberstar Inc., Danone Nutricia, MGP Ingredients Inc., Florida Food Products, E.I. Dupont de Nemours and Company, Kerry Group plc, Ingredion Incorporated, Archer Daniels Midland Company, and Tate & Lyle plc are the top companies in global egg replacers market sphere.