About Egg Replacement Ingredient
Eggs-based allergies are the second most common type of food allergy in infants and young children. Allergies and dietary preferences are the two most common reasons due to which there is a requirement for egg replacement ingredients. Egg replacement ingredients replace the egg content in the food without impacting the taste and appearance of the food. Increasing egg prices lead to rising demand for affordable egg substitutes from the global industry. The factors such as Growing Preference for Plant-Based Natural Ingredients, Egg Shortage Due To Various Environmental Impacts on Poultry and Increasing Awareness about Preventive Healthcare are the key drivers for the global egg replacement ingredient market. Also, Demand for Vegan or Vegetarian Edible Products fueling the market growth. However, Change In the Taste of Product Due To Egg Replacement Ingredients may hamper the market growth.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Egg Replacement Ingredient market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Corbion N.V. (Netherlands), Cargill Incorporated (United States), Puratos Group (Belgium), MGP Ingredients Inc. (United States), Glanbia, Plc. (Ireland), Ingredion Incorporated (United States), Nestlé S.A (Switzerland), Tate & Lyle PLC (United Kingdom), Dupont (United States) and Ener-G Foods Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Kerry Group (Ireland), Archer Daniels Midland Company (United States) and Fiberstar, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Egg Replacement Ingredient market by Type (Starch, Milk Protein Formulations, Soy Products, Algal Flour, Proteins and Other), Application (Bakery and Confectionary, Mayonnaise and Sausages and Others) and Region.
On the basis of geography, the market of Egg Replacement Ingredient has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Solid will boost the Egg Replacement Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Plant will boost the Egg Replacement Ingredient market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Vegan or Vegetarian Edible Products
Market Growth Drivers:
Growing Preference for Plant-Based Natural Ingredients, Egg Shortage Due To Various Environmental Impacts on Poultry and Increasing Awareness about Preventive Healthcare
Challenges:
Increased Cost of the Final Product Due Expensive Egg Replacement Ingredients
Restraints:
Change In the Taste of Product Due To Egg Replacement Ingredients
Opportunities:
Increasing Vegetarian Population Worldwide, Growth in the E-commerce Industry and Robust Increase in the Distribution Channels
Market Leaders and their expansionary development strategies
In October 2022, AcreMade launched Plant-based Egg Substitute, an egg substitute made from PURIS’ ingredient, yellow field peas. This shelf-stable powder is designed for baking or scrambling. The debut product is made from upcycled peas.
On 25th April 2019, Ingredion Inc. invested in Clara Foods, a San Francisco-based biotech start-up that creates egg whites without the chickens and focuses on animal-free animal proteins. Ingredion also has entered into a global partnership agreement with Clara Foods to develop, market and distribute multiple proteins derived from yeast that are traditionally found in eggs.
Key Target Audience
Egg Replacement Ingredient Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.