Egg Replacement Ingredients Market: Market Outlook
Egg replacement ingredients are used as a substitute of egg and reduce the egg contain without compromising the taste and nutritional benefits of the food. Egg replacements ingredients are basically manufactured by the various food ingredients such as food starch, milk, soya-based milk etc. Egg replacement ingredients provide similar nutritional and health benefits as like as egg. An egg is a very rich source of protein, vitamin, and other minerals which can be found on other food products like applesauce, mashed banana, ground flaxseeds, silken tofu, etc.
Consumers are moving towards the egg replacement ingredients due to the various reasons like as egg consumption is linked to the heart disease. Egg is the source of saturated fat and high consumption of saturated fat can increase the level of cholesterol and LDL (bad) cholesterol level which is a risk factor for cardiovascular disease. Several other reasons for using egg alternatives are consumer demand, improved food safety, allergen reduction, easier handling and storage, lower price and environmental sustainability.
Growing consumption of plant-based ingredients across the world is driving the egg replacement ingredients market
Consumption of plant-based ingredients is growing due to its more nutrition benefits than dairy, gluten, and non-veg based foods which is one of the major driving factors of global egg replacement ingredients market. Global food taste has been changing so drastically from the past decade. Consumers from worldwide are shifting their demand from non-veg foods to vegan diets. Rising health concerns for non-veg food is encouraging the consumers towards plant-based foods. Egg replacement ingredients are easily available in the plant-based food chain with similar nutrition benefits. Apart from that overpricing and supply-chain concerns have made the egg market more vulnerable which is influencing more consumers to consume egg replacement ingredients. Plant-based alternatives of egg resolve both overpricing and supply-chain issue so the consumer can easily consume these products.
Although egg replacement ingredients are providing similar benefits as an egg but somewhere it wouldn’t able to replace the taste of egg. Consumer preference to the true taste of the egg is the major restraining factor of global egg replacement ingredients. Several egg dishes such as an omelet, scrambled eggs, fried egg, are so difficult to replace with other dished due to its unique taste and some consumers won’t be able to compromise that taste. Egg replacement ingredients can provide similar properties as an egg but it would be difficult to provide these properties to every egg product or dishes. Since the egg provides the different functional properties to the different egg product or dishes, the egg replacement ingredients would face the difficulties to provide similar properties due to a large amount of egg-related products.
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Global Egg Replacement Ingredients Market Segmentation
On the basis of type, global egg replacement ingredients market is segmented as:
- Dairy Protein
- Algal flour
- Soya-based milk
On the basis of form, global egg replacement ingredients market is segmented as:
On the basis of application, global egg replacement ingredients market is segmented as:
- Bakery & Confessionary
- Mayonnaise and Sausage
Global Emulsion Stabilizer Market: Key Players
Some of the major players of the global egg replacement ingredients market are Arla Foods amba, Archer Daniels Midland Company, corbion group, Glanbia plc, Fiberstar, Ingredion group of companies, Florida Food Products, Cargill, Tate & Lyle, Ener-G foods, PURATOS, etc.
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Opportunities for market participants in the global egg replacement ingredients market
As consumers are changing their preference to the egg replacement ingredients, manufacturers are also started to produce the egg replacement ingredients. Global egg manufacturers are facing several issues related the egg production such as handling and storage, allergen segregation and cleaning, price, sustainability, and others. Egg replacement ingredients are providing better functionality than the egg with no related issues which can be the better opportunity for egg replacer manufacturers in the future.
Global Egg Replacement Ingredients Market: Regional Outlook
Europe egg replacement ingredients market is expected to show the highest growth for the forecast period due to the growing consumption of vegan diet followed by the North America egg replacement ingredients market which is also showing the better growth rate due to rising concern for nutrition diet. Asia egg replacement ingredients market is showing the moderate growth for the forecast period due to a lack of awareness about egg replacement ingredients.