Global Egg Replacement Ingredient Market Ongoing Trends, Growth Factors, Negative Factors, Opportunities, Untapped Markets, Strategies and Developments, Product Segments, and Forecast 2019 – 2028
“Global Egg Replacement Ingredient Market Key Trends, Wide-range of Applications, Industry Analysis, Global Growth, and Forecast to 2028” is a recently created report by research team at MarketResearch.biz. The report offers in-depth analysis of the market at global, regional, and country levels, revenue and growth rate details, along with other vital insights on the global egg replacement ingredient market. It also provides drivers and restraints, various trends & opportunities, and external threats and their impact on the target market from 2019 to 2028. The report also offers insightful information regarding the key players existing in the global market, their financial information, key operating segments, value chain trends, Recent and important technological innovations & key developments, future strategies, joint ventures, investments, acquisitions and mergers, geographical presence. The global market has been divided on the basis of form, ingredient, application, end-use, and region.
Egg Replacement Ingredient: Product Introduction
Egg replacement ingredients are mainly used for replacing the content of egg in food products, without altering the appearance and taste of the end products. Egg ingredients offer over twenty functional features to the foods they are added in such as aeration, coagulation, binding, foaming, whipping, and emulsification. Egg replacers can be generally categorized into three main categories plant-based replacers obtained from wheat, soy, pea; whey protein-derived; and gum or carbohydrate-based. Egg replacement ingredients are broadly used in edible products, such as muffins, custard, cakes, chocolates, mayonnaise, cookies, ice-cream, etc. Eggs play an important role as a binder or a leavening agent. Egg substitutes are commonly used in dairy section of grocery stores and are mainly designed and made for cholesterol-conscious individuals, rather than for individuals who are egg-allergic.
Dynamics: Egg Replacement Ingredient Market
Shortage in availability of eggs, due to outbreaks of various animal diseases mainly bird flu and influenza and growing inclination towards plant-based ingredients are major factors driving market growth. In addition, manufacturers are increasingly focusing on catering to the growing consumer demand for vegetarian or vegan food products with various flavors and growing adoption of low-cholesterol content products among consumers are some other factors supporting global market growth to some extent. Moreover, increasing prices of eggs and rising health concerns among non-vegetarian individuals are other factors propelling market growth.
However, high cost of product is among major factors that could hamper market growth to a certain extent. In addition, unfavorable government regulations related to product approvals is another factor that could limit global egg replacement ingredient market growth.
Increasing focus on technological advancements along with investments in R&D activities by prominent companies is anticipated to present opportunities in terms of revenue to players existing in the market over the 10-year period. Additionally, growing merger and acquisition activities among international and local players are projected to support target market growth.
The powder segment is anticipated to record significant revenue contribution in the target market.
The milk protein formulation segment is estimated to contribute a considerable share in terms of value.
The mayonnaise segment is expected to account for moderate revenue share in the global market.
By End Use:
The commercial segment is expected to contribute significant revenue share in the global market.
Revenue growth of the global egg replacement ingredient market is anticipated to be majorly driven by high revenue contribution by North America market
North America (NA) market is anticipated to hold a dominant share in terms of value and is projected to continue its dominance in the global market over the 10-year period. This is attributable to changing lifestyles pattern, growing health concerns and strong presence of international players in the countries in NA market. The Asia Pacific market is anticipated to witness faster growth, due to increasing consumption of food products with low cholesterol content across the globe. In addition, increasing investments in R&D activities and development and launch of innovative and enhanced products by regional players are supporting growth of the market in this region. The Europe market is estimated to contribute substantial revenue share in the target market.
Global Egg Replacement Ingredient Market Segmentation:
Segmentation by Form:
Segmentation by Ingredient:
- Milk Protein Formulation
- Algal Flour
- Soy Products (Lecithin, Tofu & Tahini)
- Others (Fruit Purees & Vinegar)
Segmentation by Application:
- Biscuits & Cookies
- Noodles & Pasta
Segmentation by End-use:
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Corbion NV
- Glanbia Plc
- Tate & Lyle Plc
- Ingredion Incorporated
- Ener-G Foods, Inc.
- Natural Products, Inc.
- Orchard Valley Foods Limited
- Puratos Group
- TerraVia Holdings, Inc.
- Archer Daniels Midland Company
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