Egg Replacement Ingredients Market volume forecast and value chain analysis 2020 – 2025


Posted December 16, 2020 by rohit890

Egg replacement ingredients are the ideal substitute for egg and are widely used to replace the egg content in the food.
 
Market Overview

Egg replacement ingredients are the ideal substitute for egg and are widely used to replace the egg content in the food. These ingredients reduce the egg content without affecting the taste and nutritional value of the food products. They are produced from various ingredients such as milk, modified food starch, etc. These ingredients are widely used across biscuits & cookies, cakes, chocolate, pastries, bread, noodles & pastas, and mayonnaise. Moreover, they are also used in savories, spreads, and dressings. The egg replacement ingredients are a low-fat or low-cholesterol alternative to whole eggs and are ideal for the consumer who does not want to eat meat and preferred plant-based products.

The global egg replacement ingredients market is projected to reach around US$ 1622.1 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2019-2027).

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Market Dynamics

The global egg replacement ingredients market has witnessed significant growth in recent past years, owing to the shortage of egg crisis due to avian influenza. Based on ingredients, the global egg replacement ingredients market is bifurcated into the starch, milk protein formulation, soy products, algal flour, proteins, and others. Among these segments, the milk protein formulation segment dominated the global egg replacement ingredients market in 2018, owing to the demand for organic and natural food ingredients among consumers. This factor is estimated to drive growth of the global egg replacement ingredients market during the forecast period.

Moreover, based on applications, the global egg replacement ingredients market is bifurcated into chocolates, biscuits & cookies, cakes/pastries/muffins/breads, mayonnaise, and noodles & pasta. Among these segments, the mayonnaise segment dominated the global egg replacement ingredients market in 2018, owing to the shortage of eggs due to avian influenza across the globe. Moreover, egg replacement ingredients are used in mayonnaise. This is in turn is fueling the demand for egg replacement ingredients across the globe.

Market Taxonomy

Global Egg Replacement Ingredients Market, By Ingredient:

Starch

Milk Protein Formulation

Soy Products

Algal Flour

Proteins

Others

Global Egg Replacement Ingredients Market, By Application:

Chocolates

Biscuits & Cookies

Cakes/Pastries/Muffins/Breads

Mayonnaise

Noodles & Pasta

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Key players operating in global egg replacement ingredients market are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company

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Last Updated December 16, 2020