Egg replacers are ingredients that replace or reduce the egg content in foodstuffs without affecting the taste of the final product. These ingredients have found increased applications in cakes, mayonnaise, chocolates, and ice creams, among others. Growing demand for vegan foods has been the major factor driving this market.
The global Egg Replacers Market was valued at USD 793.55 million in 2016 and is projected to reach USD 1,332.75 million by 2025, growing at a CAGR of 5.9% from 2017 to 2025.
1. Market Drivers
1.1 Growing vegan culture
1.2 Growing awareness regarding the importance of consumption of plant-based foods
2. Market Restraints
2.1 Limitations on completely replacing eggs
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The global Egg Replacers Market is segmented on the basis of form, source, ingredient, application and region.
1. Global Egg Replacers Market, by Form:
2. Global Egg Replacers Market, by Source:
3. Global Egg Replacers Market, by Ingredient:
3.1 Dairy Protein
3.3 Algal Flour
3.4 Soy-Based Products
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4. Global Egg Replacers Market, by Application:
4.1 Bakery & Confectionery
4.3 Sauces, Dressings, and Spreads
5. Global Egg Replacers Market, by Region:
5.1 North America U.S., Canada, Mexico
5.2 Europe Germany, UK, France, Rest of Europe
5.3 Asia Pacific China, India, Japan, Rest of Asia Pacific
5.4 Latin America Brazil, Argentina, Rest of Latin America
5.5 Middle East & Africa
The major players in the market are as follows:
1. Corbion NV
2. Glanbia Plc.
3. Tate & Lyle Plc.
4. Ingredion Incorporated
5. Ener-G Foods, Inc.
6. Natural Products, Inc.
7. Orchard Valley Foods
8. Puratos Group
9. Solazyme, Inc.
10. Archer Daniels Midland Company
11. Florida Food Products, LLC
12. Fiberstar, Inc.
13. Danone Nutricia
14. MGP Ingredients
15. Arla Foods
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Research Methodology of Planet Market Reports
Research study on the Egg Replacers Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Name: Jennifer Daniel
Organization: Planet Market Reports