The global egg replacers market is projected to grow at a CAGR of 5.67% during the forecast period.
Egg replacers are ingredients or a group of ingredients that work together to replicate the effect of egg in a recipe, by providing similar properties.
Egg replacers are designed to help manufacturers overcome rising egg white costs and increase profitability by encouraging reduced egg white baked goods with better appearance and texture. Therefore, this advantage is likely to drive the market of egg replacers in the forthcoming time.
More specifically, the liquid-based egg replacers market is expected to see a hike due to their convenient use in most applications, especially bakery.
In spite of the benefits, many consumers are misled by the taste and reject the good side of the egg replacers. This may hinder the growth of the market to an extent.
Key Market Trends
The use of Plant-based ingredients in Egg Replacers is Increasing
Around the world, more and more flexitarian consumers are looking for alternatives to dairy products. Plant-based proteins are the first choice of the vegan population. The growing demand for egg replacers led to the use of Potato isolate protein that has nearly similar gel strength to an egg. Manufacturers have also come up with soy-based egg replacement systems, which tend to be hydrophilic, even more so than eggs. Thus, the required quantity of these replacers over eggs is lesser for yielding the same properties.
Asia-Pacific is the Most Rapidly Growing Market of Egg Replacers
The Asia-Pacific region is anticipated to be the most rapidly growing market over the study period, owing to the growing demand for egg replacers in Bakery and other industries, and the low cholesterol level provided by egg replacers. Due to the risk of cardiovascular diseases and growth in concerns regarding the adverse impacts of eggs, China is gladly accepting the concept of egg replacers in the recipes.
The availability of cheap raw materials and low production costs in combination with liberal regulations make the Asia-Pacific region a better place to set up manufacturing units. The producers of these egg replacers can thus provide the products at affordable prices.
Competitive Landscape
The primary motive of replacing eggs from any recipe is to remove a common allergen. Another reason why the manufacturers came up with the idea of commercializing eggs replacers extensively is that egg and egg products have had numerous supply and demand challenges over the years, and it’s always good to have a substitute than scrambling. The leading players like E.I. Dupont De Nemours and Company, Arla Foods Ingredients Group P/S, Ingredion Incorporated, Glanbia PLC, Cargill, Incorporated, Archer Daniels Midland Company, and others are coming up with their related speciality products for diverse applications.
Reasons to Purchase this report:
This product will be delivered within 2 business days.
Egg replacers are ingredients or a group of ingredients that work together to replicate the effect of egg in a recipe, by providing similar properties.
Egg replacers are designed to help manufacturers overcome rising egg white costs and increase profitability by encouraging reduced egg white baked goods with better appearance and texture. Therefore, this advantage is likely to drive the market of egg replacers in the forthcoming time.
More specifically, the liquid-based egg replacers market is expected to see a hike due to their convenient use in most applications, especially bakery.
In spite of the benefits, many consumers are misled by the taste and reject the good side of the egg replacers. This may hinder the growth of the market to an extent.
Key Market Trends
The use of Plant-based ingredients in Egg Replacers is Increasing
Around the world, more and more flexitarian consumers are looking for alternatives to dairy products. Plant-based proteins are the first choice of the vegan population. The growing demand for egg replacers led to the use of Potato isolate protein that has nearly similar gel strength to an egg. Manufacturers have also come up with soy-based egg replacement systems, which tend to be hydrophilic, even more so than eggs. Thus, the required quantity of these replacers over eggs is lesser for yielding the same properties.
Asia-Pacific is the Most Rapidly Growing Market of Egg Replacers
The Asia-Pacific region is anticipated to be the most rapidly growing market over the study period, owing to the growing demand for egg replacers in Bakery and other industries, and the low cholesterol level provided by egg replacers. Due to the risk of cardiovascular diseases and growth in concerns regarding the adverse impacts of eggs, China is gladly accepting the concept of egg replacers in the recipes.
The availability of cheap raw materials and low production costs in combination with liberal regulations make the Asia-Pacific region a better place to set up manufacturing units. The producers of these egg replacers can thus provide the products at affordable prices.
Competitive Landscape
The primary motive of replacing eggs from any recipe is to remove a common allergen. Another reason why the manufacturers came up with the idea of commercializing eggs replacers extensively is that egg and egg products have had numerous supply and demand challenges over the years, and it’s always good to have a substitute than scrambling. The leading players like E.I. Dupont De Nemours and Company, Arla Foods Ingredients Group P/S, Ingredion Incorporated, Glanbia PLC, Cargill, Incorporated, Archer Daniels Midland Company, and others are coming up with their related speciality products for diverse applications.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cargill, Incorporated
- E.I. Dupont De Nemours and Company
- Arla Foods
- Ingredion Incorporated
- Glanbia PLC
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Puratos NV/SA
- MGP Ingredients
- Corbion NV
Methodology
LOADING...