Press release
Egg Replacers Global Market By Source, By Manufacturers, Technology, Application, Product Type, By Region And Segment Forecast 2023-2032 | Cargill Incorporated, ADM, Kerry Group plc., Ingredion Inc., Glanbia Plc.
Egg Replacers Market Size, Growth Rate, And Forecast
The global egg replacers market size is expected to grow from $1.29 billion in 2022 to $1.37 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The egg replacers market size is expected to grow to $1.77 billion in 2027 at a CAGR of 6.5%.
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Egg Replacers Market Drivers
Increasing adoption of a vegan diet in developed economies is expected to propel the growth of the egg replacers market going forward. A vegan diet consists of plants (such as vegetables, grains, nuts, and fruits) and plant-based foods.
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Egg Replacers Market Segments
• By Ingredients: Dairy Proteins, Starch, Algal Flour, Soy-Based Products, Other Ingredients
• By Form: Dry, Liquid
• By Source: Plant-Based, Animal-Based
• By Distribution Channel: Supermarkets, Convenience Stores, Online Platforms, Retail Stores
• By Application: Bakery And Confectionery, Savories, Sauces, Dressings And Spreads, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the egg replacers market.
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Egg Replacers Market Key Players
Major competitors in the egg replacers market include Cargill Incorporated, ADM, Arla Foods Ingredients Group P/S, DuPont de Nemours Inc., Kerry Group plc., Ingredion Inc., Glanbia Plc., Tate & Lyle Plc., Puratos, MGP Ingredients, Fiberstar Inc., Florida Food Products LLC, All American Foods Inc., Orgran, and Ener-G Foods.
The Business Research Company's "Global Egg Replacers Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table of Content for The Egg Replacers Market Include:
1. Executive Summary
2. Egg Replacers Market Characteristics
3. Egg Replacers Market Trends And Strategies
4. Egg Replacers Market - Macro Economic Scenario
5. Egg Replacers Market Size And Growth
.....
26. Africa Egg Replacers Market
27. Egg Replacers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Egg Replacers Market
29. Egg Replacers Market Future Outlook and Potential Analysis
30. Appendix
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