New York, NY, Feb. 05, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Egg Replacement Ingredients Market by Type (Dairy Protein, Starch, Algae Flour, Soy-Based Products, and Others), by Application (Bakery & Confectionery, Mayonnaise & Sauces, and Others), by Form (Solid and Liquid), and by Source (Plant and Animal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025”. According to the report, the global egg replacement ingredients market was valued at approximately USD 1,443 million in 2018 and is expected to generate around USD 1,623 million by 2025, at a CAGR of around 5.8% between 2019 and 2025.
Egg replacement ingredients facilitate the reduction of egg content in food without affecting its appearance and taste. The substitute for eggs is a low-fat or low-cholesterol alternative to whole eggs. These egg replacers are manufactured by utilizing a variety of ingredients, such as modified food starch, milk, etc.
Browse through 148 Tables & 32 Figures spread over 110 Pages and in-depth TOC on “Global Egg Replacement Ingredient Market: Industry Size, Share, Demand, Applications Analysis, and Forecast, 2018–2025”.
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The food industry has experienced a sudden shift in the past few years as more and more consumers are switching to vegan diets, owing to the outbreak of several diseases from birds that have negatively affected the global egg market. According to the green planet, around 6% of the total U.S. population is vegetarian. This is due to adverse effects of the non-vegetarian diet over individual health. The global egg replacement ingredients market is likely to grow swiftly in the years ahead, owing to the low availability of eggs. The growing demand for plant-based ingredients and high egg prices are other factors anticipated to fuel the egg replacement ingredients market globally over the estimated timeframe.
The global egg replacement ingredients market by segmenting the market based on type, application, form, and source. By type, the global egg replacement ingredients market is sectored into dairy protein, starch, algae flour, soy-based products, and others. Starch dominated the egg replacement ingredients market global in 2018, due to product large application in various end-user industries. On the basis of application, this global market is classified into bakery and confectionery, mayonnaise and sauces, and others. The bakery and confectionery segment is expected to hold the largest market share over the estimated timeframe, owing to the rising demand for egg replacement ingredients by the bakery industry. By form, this market includes solid and liquid. By source, this global market includes plant and animal.
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The regional segmentation of the global egg replacement ingredients market includes North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The North American egg replacement ingredients market is expected to witness the highest growth over the forecast time period, owing to the increasing demand for products with an enhanced shelf life and rising concerns related to health and diet. Growing awareness about the adverse effects of high cholesterol on is anticipated to further boost the North American egg replacement ingredients market in the future.
Europe held a significant share of the global egg replacement ingredients market in the year 2018, owing to huge demand for egg replacement ingredients for by the region’s bread and bakery market. Moreover, the high sauces and mayonnaise demand in the region is also projected to support the region’s egg replacement ingredients market in the years ahead.
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Asia Pacific egg replacement ingredients market is expected to grow moderately over the forecast time period, particularly expected in China and India. This regional growth can be attributed to the rapid urbanization and rising population in the region, which has generated a high demand for various healthy food products. The key factor that is likely to further support the Asia Pacific egg replacement ingredients market in the years ahead is the region’s flourishing food and beverage industry.
Latin American and the Middle Eastern and African regions are expected to witness moderate growth in the egg replacement ingredients market over the forecast timeline. This growth can be attributed to the increased investments made in the food and beverage sector.
Browse the full “Egg Replacement Ingredients Market by Type (Dairy Protein, Starch, Algae Flour, Soy-Based Products, and Others), by Application (Bakery & Confectionery, Mayonnaise & Sauces, and Others), by Form (Solid and Liquid), and by Source (Plant and Animal): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2025” Report at https://www.zionmarketresearch.com/report/egg-replacement-ingredient-market
Some major participants of the global egg replacement ingredients market include Corbion N.V., Puratos Group, Glanbia PLC, Natural Products, Inc., Ingredion Incorporated, Tate & Lyle PLC, Ener-G Foods, Inc., Orchard Valley Foods Limited, TerraVia Holdings, Inc., and Archer Daniels Midland Company, among others.
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This report segments the global egg replacement ingredients market into:
Global Egg Replacement Ingredients Market: Type Analysis
- Dairy Protein
- Starch
- Algae Flour
- Soy-Based Products
- Others
Global Egg Replacement Ingredients Market: Application Analysis
- Bakery and Confectionery
- Mayonnaise and Sauces
- Others
Global Egg Replacement Ingredients Market: Form Analysis
- Solid
- Liquid
Global Egg Replacement Ingredients Market: Source Analysis
- Plant
- Animal
Global Egg Replacement Ingredients Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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