A recent report ongoing by
Infinium Global Research on the egg replacement ingredients market provides an in-depth analysis of segments and sub-segments in the global as well as
regional egg replacement ingredients market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
egg replacement ingredients market over the short term as well as long term.
The report is a comprehensive presentation of trends, forecasts, and dollar values
of the global egg replacement ingredients market. According to the report, the
global egg replacement ingredients market is projected to grow at a significant
CAGR over the forecast period of 2022-2028.
Market
Insight
Egg replacement ingredients enable
the replacement or reduce egg content in foods without affecting the taste and
appearance of the final product. These ingredients find extensive application
in products such as cakes, muffins, mayonnaise, chocolates, custard, ice cream,
and cookies among others. Egg replacement ingredients are used as a substitute
for eggs and reduce the egg content without compromising the taste and
nutritional benefits of the food. Egg replacement ingredients are basically
manufactured by various food ingredients such as food starch, milk, soy-based
milk, etc. Egg replacement ingredients provide similar nutritional and health
benefits as eggs. An egg is a very rich source of protein, vitamins, and other
minerals which can be found in other food products like applesauce, mashed
banana, ground flaxseeds, silken tofu, etc.
The growth in this market is
primarily driven by factors such as the increasing number of vegans, growing
health concerns, and outbreaks of birds associated diseases such as bird flu,
and avian influenza. Furthermore, the rise in initiatives by non-profit/
non-government organizations to promote a vegetarian diet are likely to support
the growth in the world egg replacement ingredients market worldwide. The
rising egg prices and shortage of eggs have augmented the demand for egg
replacement ingredients in industrial applications such as bakery and
confectionery, sauces & dressings manufacturing among others. The global
egg replacement ingredients market is projected to be driven by factors such as an increase
in the number of vegans, outbreaks of diseases associated with birds,
increasing awareness about the healthy vegetarian diet, and growing health
concerns worldwide. On the other hand, preference for original egg taste and
incidences of contamination are among the restraining factors affecting the
growth of the egg replacement ingredients market worldwide over the forecast
period.
COVID-19 is an incomparable global
public health emergency that has affected almost every industry, and the
long-term effects are projected to impact the industry growth during the
forecast period. The global economic condition COVID19 has affected the egg
replacement ingredients market significantly. This can be because of the actual
fact that there have been the closures of several manufacturing units of the egg
replacement ingredients manufacturer within the forecast period. The govt.
regulations regarding transport bans have resulted in short-term disruptions
within the transport of ultimate products to the market. This affected the
expansion of the market during the covid-19 pandemic within the forecast
period.
Based on the region, the worldwide
egg replacement ingredients market is segmented into the Asia Pacific, North
America, Europe, and the Middle East & Africa. North America is anticipated
to witness the biggest market share over the forecast period. Favorable
regulations within the US have driven the demand for egg replacement ingredients
market during the forecast period. Asia Pacific region is expected to dominate
the growth of the market during the forecast period. The rising presence of
major market players is expected to propel the growth of the region. The
growing demand for packaged food and the remarkable increase in the number of
vegans in China and India will propel the growth of the region.

Segment
Covered
The report on the global egg
replacement ingredients market covers segments such as ingredients,
application, form, and source. On the basis of ingredients, the sub-markets
include dairy protein, starch, algal flour, soy based products, and others. On
the basis of application, the sub-markets include mayonnaise & sausages,
bakery & confectionery, and others. On the basis of form, the sub-markets
include dry/solid and liquid. On the basis of source, the sub-markets include
animals and plants.
Companies
Profiled:
The report provides profiles of
the companies in the market such as Cargill Incorporated, Arla Foods, E.I.
Dupont De Nemours And Company, Archer Daniels Midland Company, Ener-G Foods
Inc., Corbion Group, Glanbia Plc, Fiberstar Inc., Ingredion Incorporated, and
Florida Food Products LLC.
Report
Highlights:
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the egg replacement ingredients market. Moreover, the study highlights
current market trends and provides forecasts for 2022-2028. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.