Market Research Report
Egg Replacers Market - Growth, Trends and Forecast (2020 - 2025)
|Egg Replacers Market - Growth, Trends and Forecast (2020 - 2025)|
Published: April 1, 2020
Mordor Intelligence Pvt Ltd
Content info: 90 Pages
Delivery time: 2-3 business days
The global egg replacers market is projected to grow at a CAGR of 5.67% during the forecast period.
The Global Egg Replacers market has been segmented by form into dry and liquid egg replacements. By source, the market of egg replacers is segmented as plant-based and animal-based. Based on the application, the global egg replacers can be broadly classified according to the use in bakery & confectionery, dressings & spreads, savories, sauces, and others. Also, referring to the basic ingredient presence, the egg replacers are segregated into dairy proteins, soy-based products, starch, algal flour, and others. At last, the global egg replacers market is differentiated on the basis of Geography.
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.
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.