Published by Coherent Market Insights
Posted on September 20, 2021
Egg replacement ingredients are the ideal substitute for egg and are widely used to replace the egg content in the food. These ingredients reduce the egg content without affecting the taste and nutritional value of the food products. They are produced from various ingredients such as milk, modified food starch, etc. These ingredients are widely used across biscuits & cookies, cakes, chocolate, pastries, bread, noodles & pastas, and mayonnaise. Moreover, they are also used in savories, spreads, and dressings. The egg replacement ingredients are a low-fat or low-cholesterol alternative to whole eggs and are ideal for the consumer who does not want to eat meat and preferred plant-based products.
The global egg replacement ingredients market is projected to reach around US$ 1622.1 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2019-2027).
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Drivers
The shortage of egg crisis due to avian influenza is projected to propel the market growth of egg replacement ingredients. For instance, in 2015, 48.1 million of hens, turkeys and other birds were killed due to H5N2 virus (avian flu) in the U.S. The cost of dead poultry was estimated to be approximately US$ 191 Million. The total economic damage of the outbreak in Midwestern U.S. state alone was estimated at US$ 957 Million. This is expected to fuel market growth.
Market Restraints
Egg replacement ingredients do not deliver the same taste as an egg does is projected to hamper the market growth of egg replacement ingredients. Moreover, these ingredients do not provide the color, same lift, and mouth feel. Hence, the issue associated with the taste and the flavor is expected to hinder the market growth of egg replacement ingredients.
Market Opportunities
Growth in a number of vegan populations around the globe is projected to propel the market growth of egg replacement ingredients. In 2018, the UK launched more vegan products than any nation. According to the Vegan Society, the demand for meat-free food in the UK increased by 987% in 2017 and going vegan was predicted to be the biggest food trend in 2018. Moreover, the UK plant-based market was worth £443m in 2018.
Market Trends
Contentious product innovation by manufacturers is a major trend that has been observed in the market and this is expected to fuel the market growth of egg replacement ingredients. For instance, in October 2019, Zero Egg has developed a nutritious plant-based liquid the egg that tastes, looks, and functions like a real egg and can be used as an egg substitute in any recipe, including omelets, baked goods, mayonnaise, sauces, and more. Zero egg has a high nutritional value and no cholesterol.
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3667
Competitive Section
Key players operating in global egg replacement ingredients market are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company
Few Recent Developments
Key Developments
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Global Egg Replacement Ingredients Market Is Estimated To Reach Around Us$ 1,622.1 Million By The End Of 2027, In Terms Of Revenue. appeared first on Gatorledger.
Egg replacement ingredients are the ideal substitute for egg and are widely used to replace the egg content in the food. These ingredients reduce the egg content without affecting the taste and nutritional value of the food products. They are produced from various ingredients such as milk, modified food starch, etc. These ingredients are widely used across biscuits & cookies, cakes, chocolate, pastries, bread, noodles & pastas, and mayonnaise. Moreover, they are also used in savories, spreads, and dressings. The egg replacement ingredients are a low-fat or low-cholesterol alternative to whole eggs and are ideal for the consumer who does not want to eat meat and preferred plant-based products.
The global egg replacement ingredients market is projected to reach around US$ 1622.1 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2019-2027).
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3667
Drivers
The shortage of egg crisis due to avian influenza is projected to propel the market growth of egg replacement ingredients. For instance, in 2015, 48.1 million of hens, turkeys and other birds were killed due to H5N2 virus (avian flu) in the U.S. The cost of dead poultry was estimated to be approximately US$ 191 Million. The total economic damage of the outbreak in Midwestern U.S. state alone was estimated at US$ 957 Million. This is expected to fuel market growth.
Market Restraints
Egg replacement ingredients do not deliver the same taste as an egg does is projected to hamper the market growth of egg replacement ingredients. Moreover, these ingredients do not provide the color, same lift, and mouth feel. Hence, the issue associated with the taste and the flavor is expected to hinder the market growth of egg replacement ingredients.
Market Opportunities
Growth in a number of vegan populations around the globe is projected to propel the market growth of egg replacement ingredients. In 2018, the UK launched more vegan products than any nation. According to the Vegan Society, the demand for meat-free food in the UK increased by 987% in 2017 and going vegan was predicted to be the biggest food trend in 2018. Moreover, the UK plant-based market was worth £443m in 2018.
Market Trends
Contentious product innovation by manufacturers is a major trend that has been observed in the market and this is expected to fuel the market growth of egg replacement ingredients. For instance, in October 2019, Zero Egg has developed a nutritious plant-based liquid the egg that tastes, looks, and functions like a real egg and can be used as an egg substitute in any recipe, including omelets, baked goods, mayonnaise, sauces, and more. Zero egg has a high nutritional value and no cholesterol.
Great savings for you 2000$ Discount On Report: https://www.coherentmarketinsights.com/insight/request-discount/3667
Competitive Section
Key players operating in global egg replacement ingredients market are Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods, Puratos Group, Solazyme, Inc., and Archer Daniels Midland Company
Few Recent Developments
Key Developments
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post Global Egg Replacement Ingredients Market Is Estimated To Reach Around Us$ 1,622.1 Million By The End Of 2027, In Terms Of Revenue. appeared first on Gatorledger.
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