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Egg Replacers Market Analysis Strategy 2020 | Size, Share, Emerging Trend, Global Demand, Key Players and Forecast to 2023
Egg Replacers Market
Globally, egg replacers market will witness significant growth due to increasing application in food industry. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on ‘Global Egg Replacers Market Research Report- Forecast to 2023’ that the market will demonstrate an exceptional CAGR % during the forecast period.
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Egg shortage crisis due to avian influenza coupled with a complex egg handling and storage is driving the demand of egg replacers during the forecast period. Easy availability of resource, rising economic conditions in developing nations and rising demand for clean label products are factors encouraging new players to venture into the global egg replacement market. Established players in the global egg replacement market are concentrating on new product development and product launches.
With changing dietary patterns, growing consumer health awareness and increasing demand of plant-based ingredients, has encouraged the use of egg replacers in preparation of healthy and nutritional food & beverage products. In the food industry, flaxseeds are used in formulations of various functional products and are considered as one of the most promising markets and it has motivated research & development of new products.
Latest Industry Updates
Jan 2018 British company Ulrick & Short's vegan egg alternative is attractive to food manufacturers looking for price-stable ingredients.
Jan 2018 EU egg prices have risen by an average of 55.8 percent according to the official European Commission figures, between November 2016-2017, and the worst affected areas have seen prices more than double.
Nov 2017 San Francisco-based food start-up Hampton Creek launched new vegan egg substitute called “Just Scramble.” The company already avoids eggs use in its best known product, Just Mayo, a vegan mayonnaise product, and in other Just food items, such as cookie dough.
Egg Replacers Market - Competitive Analysis
The global egg replacers market is mainly occupied by some key manufacturers. The competitive environment in this market is estimated to increase, with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality. The key players profiled in the global egg replacer market are Puratos (U.S.), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Arla Foods (Denmark), E.I. Dupont De Nemours and Company (U.S.), and Corbion (Netherlands) among many others.
Egg Replacers Market – Segments
The global egg replacer market has been divided into type, form, application, and region.
On The Basis Of Type: Applesauce, Baking soda & Vinegar, Fruit Purees, Chia Seeds & Flaxseeds, and others.
On The Basis Of Form: Powder, Liquid, and Others.
On The Basis Of Application: Bakery & Confectionery, sweet & savory snacks, Sauces, spreads & dressing, and others.
On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.
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Egg Replacers Market - Regional Analysis
The global egg replacers market is spread out in throughout region of North America, Europe, China and Asia Pacific. The Asia Pacific holds the major market share followed by North America. Europe region is projected to grow at the fastest rate in the coming years owing to increasing demand for natural and plant-based food additive. Due to the cheap raw materials & low production costs as well as less stringent regulations Asia-Pacific region is in a better position to produce egg replacers at more competitive prices than developed countries in European and North American region.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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