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.