Egg replacement ingredients enable the replacement or reduce egg content in foods without affecting the taste and appearance of the final product. These ingredients find extensive application in products such as cakes, muffins, mayonnaise, chocolates, custard, ice-cream, and cookies among others. The global egg replacement ingredient market is anticipated to register a CAGR of 5.8% during the forecast period (2019 – 2026) and is estimated to be valued at US$ 1,533.3 Mn by 2026 end.
Rising Egg Prices and Increasing Focus on Preventive Healthcare Boosts Growth Opportunities
Egg shortage crisis due to avian influenza, increasing demand for plant based ingredients and increased cost of eggs are factors expected to support the growth of the global egg replacement ingredient market over the forecast period. Rising consumer awareness towards preventative healthcare and an inclination towards products with low cholesterol levels is further likely to fuel the growth of the global egg replacement ingredient market during the forecast period.
Manufacturers are focussing on production catering to rising consumer demands for vegan or vegetarian edible products and allergen-free products.
However, increased cost of the final product and the fact that egg replacement ingredients do not offer the same taste effect as eggs is likely to restrict the growth of the global egg replacement ingredient market over the forecast period.
Milk Protein Formulation Ingredients to Cover Leading Market Share
The milk protein formulation segment is estimated to account for a revenue share of 31.6% in the global egg replacement ingredient market by the end of 2019 while the Starch segment is anticipated to register a CAGR of 5.7% in terms of value over the forecast period.
Mayonnaise Segment to Hold Dominant Share
The mayonnaise segment is estimated to account for a value share of 38.2% in the global egg replacement ingredient market by 2019 end. The Cakes/Pastries/Muffins/Breads segment is estimated to account for over 26% of value share of the global egg replacement ingredient market by the end of 2019.
Commercial Segment Will Remain Leading End-use Segment
The commercial segment is anticipated to remain dominant and account for 79.7% value share of the global egg replacement ingredient market over the forecast period.
Powder Form Segment to Exhibit Robust Growth
The powder segment is estimated to reach a market valuation of US$ 815.4 Mn by the end of 2019 and is expected to show significant growth during the forecast period.
North America to Represent Majority Market Share
The North America egg replacement ingredient market is estimated to account for 47.8% of the global egg replacement ingredient market by the end of 2019. The EMEA egg replacement ingredient market is expected to witness the highest CAGR of 6.5% in terms of value during the forecast period.
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Market Players Focus on Product Launches and Collaboration to Gain Competitive Edge
Key players in the global egg replacement ingredient market include Corbion NV, Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Ener-G Foods, Inc., Natural Products, Inc., Orchard Valley Foods Limited, Puratos Group, TerraVia Holdings, Inc., and Archer Daniels Midland Company. Top companies dominating the global egg replacement ingredient market are focussed on introducing new products to cater to the rising demand from specific industries such as the bakery industry. Companies are also offering natural and healthy ingredients that are Kosher certified, GMO free, and gluten free.
FREQUENTLY ASKED QUESTIONS ABOUT EGG REPLACEMENT INGREDIENT MARKET
Which region will emerge dominant in the global egg replacement ingredient market?
North America is expected to remain the dominant market for egg replacement ingredient between 2019 and 2026.
Which application segment is expected to show highest rate of growth?
In terms of application, the mayonnaise segment accounts for the highest volume of share. However, over the forecast period, the cakes/pastries/muffins/breads segment is expected to record the highest rate of growth in terms of value.
What drives egg replacement ingredient market?
Rising economic opportunities in developing nations and the increasing demand for vegan and vegetarian food products are key factors driving the egg replacement ingredient market.
Which segment among ingredients will witness highest demand?
Among egg replacement ingredients the market offers, the demand for milk protein formulation is considerably high. The segment held leading market share, however, in the coming years, whey protein is expected to become the most preferred ingredients in the market.
Which segment among end users will exhibit the highest demand?
The commercial segment is forecast to hold the dominant share in the egg replacement ingredients market through the course of the forecast period.
- Milk Protein Formulation
- Algal Flour
- Soy Products (Lecithin, Tofu & Tahini)
- Others (Fruit Purees & Vinegar)
- Biscuits & Cookies
- Noodles & Pasta
By End Use
- Large Scale Food Manufacturers
- Small Scale Food Manufacturers
- North America
- Latin America
- Europe, Middle East & Africa (EMEA)
- Asia Pacific (APAC)