Egg Replacement Ingredients Market Status, Size, Share, forecast & Trend Analysis 2019 - 2027
Egg substitutes are food items that can be substituted for eggs in recipes and baked goods. They are primarily favoured by vegans, however they are occasionally preferred by non-vegans for taste variation. The primary reason for their popularity is that the majority of these alternatives are free of animal products and cholesterol. Using egg substitutes has no effect on the finished product's taste or appearance. The increased use of egg substitutes in various end products such as chocolates, cakes, mayonnaise, muffins, ice cream, biscuits, custard, and other baked goods is propelling the market forward at a quick pace. Egg substitutes help to minimise the amount of eggs in a recipe while maintaining the flavour.
People's eating habits are changing, which is propelling the Egg Replacement Ingredient Market forward. Consumers are switching from eggs to plant-based egg substitutes for a variety of reasons, including allergies and dietary choices, health reasons, ethical issues, and environmental concerns. Bakers are looking for a solution to handle fluctuating supply chain costs and meet the growing demand for cleaner, natural goods in modern industrial baking. The market for egg replacement components is predicted to develop faster as demand for plant-based ingredients grows. Consumer preferences for natural components, such as agar, starch, and soy, are expected to help the market expansion of these ingredients, which are naturally derived from plants. As a result, increased demand for plant-based ingredients is likely to propel egg replacement ingredient sales forward.
Market Segmentation:
By Source
- Plants
- Animals
- Starch
- Soy-based Products
- Dairy Proteins
- Algal Flour
- Others
By Application
- Sauces
- Bakery and Confectioneries
- Dressings and Spreads
- Dairy Products
- Others
The key players operating in global egg replacement ingredients market are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company.
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