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Global Egg Replacement Ingredient Market: Assessment & Opportunity Analysis Recorded for 2019 – 2026

Jan 28th 2019 at 5:35 AM

Market Research Reports Search Engine (MRRSE) has recently updated its massive report catalogue by adding a fresh study titled “Global Egg Replacement Ingredient Market: Assessment & Opportunity Analysis Recorded for 2019 – 2026”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2026.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for (Egg Replacement Ingredient Market). Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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Global 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. The global egg replacement ingredient market is anticipated to register a CAGR of 5.8% during the forecast period (2019 – 2026) and is estimated to be valued at US$ 1,533.3 Mn by 2026 end.

Egg shortage crisis due to avian influenza, increasing demand for plant based ingredients and increased cost of eggs are factors expected to support the growth of the global egg replacement ingredient market over the forecast period. Rising consumer awareness towards preventative healthcare and an inclination towards products with low cholesterol levels is further likely to fuel the growth of the global egg replacement ingredient market during the forecast period. Manufacturers are focusing on production catering to rising consumer demands for vegan or vegetarian edible products and allergen-free products.

Browse Complete Report with TOC @ https://www.mrrse.com/egg-replacement ingredient-market

However, increased cost of the final product and the fact that egg replacement ingredients do not offer the same taste effect as eggs is likely to restrict the growth of the global egg replacement ingredient market over the forecast period.

Market segmentation

By Ingredient

  • Milk Protein Formulation
  • Algal Flour
  • Proteins
  • Starch
  • Soy Products (Lecithin, Tofu & Tahini)
  • Others (Fruit Purees & Vinegar)

By Application

  • Chocolates
  • Biscuits & Cookies
  • Cakes/Pastries/Muffins/Breads
  • Mayonnaise
  • Noodles & Pasta

By End Use

  • Commercial
    • Large Scale Food Manufacturers
    • Small Scale Food Manufacturers
  • Household

By Form

  • Liquid
  • Powder

By Region

  • North America
  • Latin America
  • Europe, Middle East & Africa (EMEA)
  • Asia Pacific (APAC)

The Milk Protein Formulation segment is estimated to account for a revenue share of 31.1% in the global egg replacement ingredient market by the end of 2019 while the Starch segment is anticipated to register a CAGR of 5.7% in terms of value over the forecast period.

The Mayonnaise segment is estimated to account for a value share of 38.2% in the global egg replacement ingredient market by 2019 end. The Cakes/Pastries/Muffins/Breads segment is estimated to account for 25.9% value share of the global egg replacement ingredient market by the end of 2019.

The Commercial segment is anticipated to remain dominant and account for 79.7% value share of the global egg replacement ingredient market over the forecast period.

The Powder segment is estimated to reach a market valuation of US$ 670.5 Mn by the end of 2019 and is expected to show significant growth during the forecast period.

The North America egg replacement ingredient market is estimated to account for 48.0% share of the global egg replacement ingredient market by the end of 2019. The EMEA egg replacement ingredient market is expected to witness the highest CAGR of 6.5% in terms of value during the forecast period.

Key players in the global egg replacement ingredient market include Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods Limited, Puratos Group, TerraVia Holdings, Inc., and Archer Daniels Midland Company. Top companies dominating the global egg replacement ingredient market are focussed on introducing new products to cater to the rising demand from specific industries such as the bakery industry. Companies are also offering natural and healthy ingredients that are Kosher certified, GMO free, and gluten free

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