Egg Replacers Market Projected to Reach $1283.0 Million by 2022 | Top Key Players are Cargill, E. I. du Pont de Nemours and Company, Kerry Group, Florida Food Product, Tate & Lyle plc, Arla Foods, Ingredion Incorporated

The egg replacers market is projected to grow at a CAGR of 6.2% from 2017 to 2022, to reach USD 1,283.0 Million by 2022. The base year considered for the study is 2016 and the forecast years include 2017 to 2022. The main objectives of the report are to define, segment, and project the global market size for egg replacers on the basis of application, ingredient, source, form, and region. It also helps to understand the structure of the egg replacers market by identifying its various subsegments. Other objectives are analyzing the opportunities in the market for stakeholders, providing a competitive landscape of market trends, and analyzing the macro and micro indicators of this market to provide factor analysis and to project the size of the market and its submarkets, in terms of value and volume.

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The bakery & confectionery segment is estimated to dominate the egg replacers market in 2017

The bakery & confectionery segment, by application, is estimated to be the largest market for egg replacers. Various functional properties such as better binding, emulsifications, foaming, and flavor enhancing offered by egg replacer products are expected to drive their demand by bakery and confectionery segment. Furthermore, the outbreak of avian flu in major geographical regions such as North America and Europe enabled bakery manufacturer to utilize egg replacer products due to rise in threat of avian flu-affected eggs among consumers.

Dairy protein is estimated to be the largest segment in egg replacers market in 2017

The dairy protein segment is estimated to be the largest market in 2017. Dairy proteins are enriched with nutrients and offer properties similar to that of eggs. Increased usage of dairy proteins as an emulsifier, binding and foaming agents in various bakery, sauces and dressing applications have been driving the demand over the last few years.

The dry segment, by form, is projected to be the fastest-growing segment during the review period.

Owing to advantages such as its easy-to-handle nature, long shelf life, and easy storability, dry egg replacers are the most preferred choice of food manufacturers as compared to that of liquid ones. Therefore, the dry segment is projected to be the fastest-growing segment during the forecast period.

Dry egg replacers accounted for the largest market share in 2016. They have high demand in bakery & confectionery for manufacturing products such as bread, cake, cheesecake, and muffins as they are easier to use and provide an appealing appearance to the end product.

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The Asia-Pacific region is estimated to dominate the egg replacers market in 2017

The Asia-Pacific region, which includes India, China, Japan, and Australia, is projected to be the fastest-growing, between the years 2017 and 2022. The driving factors for the market in this region are increase in instances of diabetes and cardiovascular diseases in major countries such as India and China coupled with the rise in demand for low fat and low cholesterol food products.

This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It includes the profiles of leading companies such as Companies such as Cargill (U.S.), E. I. du Pont de Nemours and Company (U.S.), Kerry Group (Ireland), Florida Food Product (U.S.), Puratos (Belgium), MGP Ingredients (U.S.), Tate & Lyle plc (U.K.), Arla Foods (Denmark), and Ingredion Incorporated (U.S.) are some of the major egg replacers market participants.

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