The new report by Expert Market Research titled, ‘Germany Solid Egg Substitutes Market Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the Germany solid egg substitutes market, assessing the market based on its segments like type, end use, and distribution channels.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 5.10%
In Germany, the solid egg substitutes market is predicted to be spurred by changing consumer dietary patterns, which will increase demand for egg alternatives in the food service industry. In this context, the allergenicity of eggs is likely to increase demand for egg substitutes in baked goods, desserts, and other processed meals, particularly among newborns and young children.
Furthermore, the increased threat of an avian flu outbreak is pressuring customers to switch to plant-based egg alternatives. Egg substitutes’ popularity is growing due to a variety of advantages, including ease of handling and storage, greater functioning, improved food safety, and environmental sustainability, among others.
Furthermore, the top food businesses’ increasing focus on improving their egg substitute solutions in order to replace eggs in a variety of recipes is expected to complement industry growth in the forecast year.
Industry Definition and Major Segments
Solid egg substitutes are items or materials that can be used in place of solid eggs. These substitutes have similar functional features to eggs and can be used in place of eggs in cooking or for direct ingestion. They can be soy-based or produced from a starch such as potato or tapioca starch.
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Based on type, the market is segmented into:
- Algae Flour
Based on end use, the market can be divided into:
On the basis of distribution channels, the industry can be bifurcated into:
- Supermarkets and Hypermarkets
- Convenience Stores
On the basis of type, the starch section of the solid egg replacements business in Germany is expected to have a considerable market share. Consumer desire for starch-based egg alternatives to be used in baking, where egg is a crucial binding, leavening, and moisture source, can contribute to this growth. In this context, starch-based solid egg alternatives offer a nutritious and pleasant plant-based alternative that is both sustainable and animal-friendly. In the forecast period, these factors are expected to promote market expansion.
Veganism, vegetarianism, and flexitarianism are all on the rise in Germany, because of growing consumer focus on animal welfare. This is predicted to increase demand for plant-based foods like vegan eggs manufactured from soy or algae. Start-ups in the region are increasingly investing in the development of solid and liquid egg substitutes in this regard. For example, Perfeggt, a German start-up, announced the debut of their animal-free egg substitute in December 2021, with availability expected in 2022 in Switzerland, Germany, Austria, and other parts of Europe. In the coming years, such innovations are projected to boost market growth.
Key Market Players
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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