Egg Replacement Ingredients Market
Egg replacement ingredients facilitate the reduction of egg content in food without affecting its appearance and taste. The substitute for eggs is a low-fat or low-cholesterol alternative to whole eggs. These egg replacers are manufactured by utilizing a variety of ingredients, such as modified food starch, milk, etc.
The food industry has experienced a sudden shift in the past few years as more and more consumers are switching to vegan diets, owing to the outbreak of several diseases from birds that have negatively affected the global egg market. According to the green planet, around 6% of the total U.S. population is vegetarian. This is due to adverse effects of the non-vegetarian diet over individual health. The global egg replacement ingredients market is likely to grow swiftly in the years ahead, owing to the low availability of eggs. The growing demand for plant-based ingredients and high egg prices are other factors anticipated to fuel the egg replacement ingredients market globally over the estimated timeframe. However, the preference for original egg taste and incidences of contamination might restrain the global egg replacement ingredients market in the future. On the other hand, growing health concerns and the outbreak of diseases related to birds are projected to provide new growth opportunities for the players operating in the global egg replacement ingredients market.
The global egg replacement ingredients market by segmenting the market based on type, application, form, and source. By type, the global egg replacement ingredients market is sectored into dairy protein, starch, algae flour, soy-based products, and others. On the basis of application, this global market is classified into bakery and confectionery, mayonnaise and sauces, and others. By form, this market includes solid and liquid. By source, this global market includes plant and animal.
The regional segmentation of the global egg replacement ingredients market includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Asia Pacific egg replacement ingredients market is expected to grow moderately over the forecast time period, particularly expected in China and India. The North American egg replacement ingredients market is expected to witness the highest growth over the forecast time period, owing to the increasing demand for products with an enhanced shelf life and rising concerns related to health and diet.
Some major participants of the global egg replacement ingredients market include Corbion N.V., Puratos Group, Glanbia PLC, Natural Products, Inc., Ingredion Incorporated, Tate & Lyle PLC, Ener-G Foods, Inc., Orchard Valley Foods Limited, TerraVia Holdings, Inc., and Archer Daniels Midland Company, among others.
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