Global Egg Replacers Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Egg replacers market in its upcoming report titled, “Global Egg Replacers Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global egg replacers market is estimated to register a CAGR of approximately 6% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global egg replacers market report has been segmented on the basis of source, ingredients, form, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Ingredients used as a substitute for eggs in cooking or baking are known as egg replacers. Various types of food products are used as substitute for eggs in commercial and homemade applications such as banana, tofu, china seeds, chickpea powder, etc. Egg substitutes are also used to replace nutritional and functional properties of eggs.
Growing vegan population and increasing number of individuals with egg allergies are major factors driving growth of the global egg replacers market. Egg replacers provide same nutritional content as eggs. Increasing demand for vegetarian and vegan products, due to growing adoption of healthy food habits among consumers are also key factors fueling growth of the global market. In addition, incidences like outbreaks of avian flu is increasing preference for vegan diet among individuals. Changing food habits and availability of variety of vegan food products in affordable price are factors expected to boost growth of the global egg replacers market in the near future.
However, demand of eggs and egg-based food products may hamper growth of the global egg replacers market. Additionally, egg replacers do not provide the exact same taste as egg in food products which is another factor that may affect growth of the global market. Nevertheless, introduction of variety of egg replacement products, vegan ad vegetarian products, especially in emerging economies can create high revenue opportunities for players in the target market.
Currently, market in North America accounts for major share in terms of revenue and is expected to witness high growth over the forecast period. Presence of technologically advanced food processing industry and growing adoption of vegan diet among individuals are factor driving growth of the global market in this region. Market in Europe is expected to account for second-highest share in terms of revenue in the near. In terms of revenue, Asia Pacific market expected to witness fastest growth over the forecast period followed by Latin America, and Middle East and Africa.
Global Egg Replacers Market Segmentation:
Segmentation by source:
Segmentation by ingredients:
- Soy-based Products
- Dairy Proteins
- Algal Flour
Segmentation by form:
Segmentation by application:
- Bakery and Confectioneries
- Dressings and Spreads
- Dairy Products
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer-Daniels-Midland Company
- I. du Pont de Nemours and Company
- Arla Foods amba
- Kerry Group plc
- Ingredion Incorporated
- Glanbia plc
- Tate & Lyle PLC
- Puratos Corporation
- Corbion N.V.
- MGP Ingredients, Inc.
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