Egg Replacement Ingredients Market Share, Size: Industry Key Player, Regions, Manufacturers Analysis, Application and Specification

Egg Replacement Ingredients Market

The global egg replacement ingredients market will grow at a CAGR of 5.7% from 2017 to 2022 to reach USD 1,152.0 million by 2022, according to this latest publication from Meticulous Research®. The global egg replacement ingredients market is driven by increasing vegan, vegetarian, and flexitarian population; growing preference for the plant based natural food ingredients among general population; frequent outbreaks of Avian Influenza, and safety benefits over the natural eggs. However, there is a reluctance to use the egg replacement ingredient from both the industrial users as well as the end consumer primarily due to its inability to replicate the exact flavor, taste, and texture like the real eggs.

Egg replacement ingredients market has shown strong growth pattern in recent years majorly due to rising concern over the consumption of animal-based products as many studies have found that it may lead to several undesirable health conditions. This has resulted in the increased demand for the plant-based food ingredients among the general population.

Global egg replacement ingredients market is segmented by type (dairy protein, starch, algae flour, soy based products others), by application (bakery & confectionary, mayonnaise & sauces, others), by form (solid, liquid), and by source (plant, animal). Dairy protein dominates the egg replacement ingredients market followed by soy based products. The large share of this segment is mainly attributed to its ease of incorporation in numerous recipes/products and ability to impart the egg like texture to the products.

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Geographic Overview

Geographically, the global egg replacement ingredients market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. North America accounted for the major share in the global egg replacement ingredients market in 2016, followed by Europe, and Asia-Pacific region. The major share of the North American region is mainly attributed to the higher acceptance of egg replacement ingredients in the U.S., rapidly increasing vegan population, and incidences of Avian Influenza outbreaks. However, Asian countries are slated to register the fastest growth during the forecast period, owing to the large population that abstains from animal origin foods, increasing spending capacity, and growing awareness about ill effect of eating non-vegetarian foods.

Research Methodology

This market research study is meticulously compiled with the rigorous period of information collected from both secondary and primary sources through several interviews with key opinion leaders from demand and supply side, channel players, regulators, and standardization bodies. In compiling the secondary research data for this study, Meticulous Research® has conducted a comprehensive search of relevant published information, including annual reports, SEC filings, investor presentations, magazines, associations, paid databases, and other available secondary sources.A key element in Meticulous Research’s research methodology is the primary data collection phase that includes direct discussions and interviews with a broad base of key opinion leaders (KOLs) throughout the value chain across the globe. Data collected from both these methods are further analyzed to understand demand and supply patterns and estimate market sizes, shares, competitive landscape, and forecasts.

Major Players Operating in this Market:Major players operating in this market includes Archer Daniels Midland Company (U.S.), Cargill Inc., (U.S.), MGP Ingredients (U.S.), Nestlé S.A. (Switzerland’s), Corbion Group (Netherlands), E.I. Dupont (U.S.), Ener-G Foods, Inc. (U.S.), Fiberstar, Inc. (U.S.), Florida Food Products LLC (U.S.), Glanbia PLC (Irelands), Ingredion Incorporated (U.S.), Eden Foods, Inc. (U.S.), Organic Valley (OV)(U.S.), and American Soy Products, Inc. (U.S.).

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Scope of Egg Replacement Ingredients Market Report:

Market by Type:

• Dairy Protein
• Starch
• Algae Flour
• Soy Based Products
• Others

Market by Application:

• Bakery & Confectionary
• Mayonnaise & Sauces
• Others (RTE, RTC)

Market by Form:

• Solid
• Liquid

Market by Source:

• Plant
• Animal

Market by Geography:

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
• Rest of World
• Latin America
• Middle-East & Africa

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About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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