USA, Dec. 22, 2022 (GLOBE NEWSWIRE) -- Egg replacement ingredients are the ingredients that can act as a substitute for eggs in fine bakery and other food products. Several health concerns are associated with egg consumption: the cholesterol content with its negative influence on heart health, the 2017 Fipronil scandal and the recurring outbreaks of avian influenza. These egg concerns have created a whole new egg ingredients category dedicated to finding functional and cost-effective egg replacers. These eggs replacement ingredients offer numerous benefits such quality of the finished food product as well as cost-saving benefits. The egg replacement ingredients can provide consumers with better health opportunities. It can also be a nutritional alternative for people on special diet restrictions or ethical concerns, such as vegans.
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Expanding at a CAGR of 6.1%, the global egg replacement ingredients market is expected to increase from a valuation of US$ 1.26 billion in 2023 to US$ 2.13 billion by 2033-year end.
At present, commercial end-use industries account for 60% share of the global market. Globally, the public is changing in favor of functional foods made with natural components. To increase sales, many department stores and outlets have started offering products online.
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Due to rising egg prices and consumers' growing interest in preventative healthcare, the market for egg substitute ingredients has experienced a boom in recent years. Because the food's egg replacement ingredients do not affect the taste or final look of items made using egg substitutes, it is projected to acquire popularity quickly over the coming years.
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Rising popularity of vegan processed food products among consumers is also driving the demand for egg replacement ingredients. This is a significant driver of the need for ingredients such as vegan egg replacements. Rising consumers' adoption of low-fat items, including tofu, bananas, yoghurt, and others is boosting market value.
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Key Companies Profiled:-
Corbion N.V.
Cargill Incorporated
Puratos Group
MGP Ingredients Inc.
Glanbia Plc.
Ingredion Incorporated
Nestle S.A
Tate & Lyle PLC
Dupont
Ener-G Foods Inc.
Kerry Group
Archer Daniels Midland Company
Fiberstar Inc.
Egg Replacement Ingredients Industry Research Segmentation
- By Form :
- Liquid
- Powder
- By Type :
- Milk Protein Formulations
- Algal Flour
- Protein
- Starch
- Soy Products
- Others
- By Application :
- Chocolates
- Biscuits & Cookies
- Cakes
- Noodles & Pasta
- Mayonnaise
- By End Use :
- Commercial
- Household
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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