Reliable Data You Can Trust
Reliable Data You Can Trust
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 CAGR of about 6.0% over the forecast period of
2022-2028.
The egg
replacement ingredients market was valued at over 1700 USD million in 2022 and
is expected to reach nearly USD 2400 million in 2028, with a CAGR of about 6.0%
during the forecast period. 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 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.
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.
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.
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.
Please Choose One of them.