Global Egg Replacement Ingredient Market: Overview
Egg replacement ingredients are primarily used for reducing or replacing the content of egg in food products, without altering the appearance and taste of the resultant products. Egg replacement ingredients are extensively used in edible products, such as muffins, custard, cakes, chocolates, mayonnaise, cookies, ice-cream, etc. The popularity of the global egg replacement ingredient market is on a rise due to increasing egg prices.
Global Egg Replacement Ingredient Market: Growth Factors
The major growth driver in the global egg replacement ingredient market is the increase in the prices of eggs. Consumers’ awareness for preventative healthcare is on a rise, which is also fuelling the development of the global egg replacement ingredient market. Other factors contributing to the expansion of the egg replacement ingredient market include shortage in availability of eggs caused by bird flu and influenza and growing demand for plant-based ingredients. In addition, people are also adopting products with low cholesterol levels along with manufacturers focusing on catering to the growing consumer demands for vegetarian or vegan food products, which are also contributing to the growth in the market for egg replacement ingredient.
Increased cost related to the final product, among other factors, might hamper the growth of the egg replacement ingredient market on a global scale.
Global Egg Replacement Ingredient Market: Segmentation
The global egg replacement ingredient market can be divided based on ingredient, application, form, and end-use. On the basis of the ingredient, the market for egg replacement ingredient can be segmented into soy products (tofu, tahini, and lecithin), starch, proteins, algal flour, and milk protein formulation, among others (vinegar, fruit purees, etc.) Based on application, the egg replacement ingredient market can be classified into biscuits and cookies, mayonnaise, cakes/pastries/bread/muffins, noodles and pasta, and chocolates. On the basis of form, the egg replacement ingredient market can be fragmented into powder and liquid. Based on end-use, the egg replacement ingredient market can be bifurcated into household and commercial (small- and large-scale food manufacturers).
Global Egg Replacement Ingredient Market: Regional Analysis
Based on regions, the global market for egg replacement ingredient can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North American region is anticipated to dominate the global egg replacement ingredient market in the upcoming years. This is due to increasing consumer awareness regarding preventative healthcare and the growing demand for plant-based ingredients. The European region is expected to show good growth potential in future in the market for egg replacement ingredients owing to increasing demand for food products with low cholesterol levels. The Asia Pacific region is projected to show a good growth rate in the market for egg replacement ingredients in the future. This is due to the increase in the demand for vegan products.
Global Egg Replacement Ingredient Market: Competitive Players
The key market players of the global market for egg replacement ingredient include Archer Daniels Midland Company, TerraVia Holdings, Tate & Lyle, Glanbia, Corbion Group, Puratos Group, Orchard Valley Foods, Natural Products, Ener-G Foods, Ingredion Holdings, Cargill, MGP Ingredients, Kerry Group, Florida Food Products, Fiberstar, American Soy Products, and Arla Foods, among several others.
Global Egg Replacement Ingredient Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
