Egg Replacement Ingredients Market
Egg replacement ingredients are the ideal substitute for eggs and are widely used to replace the egg content in food. They are produced from various ingredients such as milk, modified food starch, etc. These ingredients are widely used across muffins, custard, mayonnaise, chocolates, cakes, ice cream, and cookies among others.
Market Dynamics
The global egg replacement ingredients market has witnessed significant growth in recent past years, owing to the shortage of egg crisis due to avian influenza. Based on ingredients, the global egg replacement ingredients market is bifurcated into starch, milk protein formulation, soy products, algal flour, proteins, and others. Among these segments, the milk protein formulation segment dominated the global egg replacement ingredients market in 2018, owing to the demand for organic and natural food ingredients among consumers. This factor is estimated to drive the growth of the global egg replacement ingredients market during the forecast period.
Moreover, based on applications, the global egg replacement ingredients market is bifurcated into chocolates, biscuits & cookies, cakes/pastries/muffins/bread, mayonnaise, and noodles & pasta. Among these segments, the mayonnaise segment dominated the global egg replacement ingredients market in 2022, owing to the shortage of eggs due to avian influenza across the globe. Moreover, egg replacement ingredients are used in mayonnaise. This is in turn is fueling the demand for egg replacement ingredients across the globe.
Furthermore, the North America region dominated the global egg replacement ingredients market in 2022, owing to the increasing demand for egg replacement ingredients in the food & beverages industry coupled with consumer preference for vegan food products in this region. As a result, this scenario is estimated to foster the growth of the global egg replacement ingredients market during the forecast timeframe.
Key features of the study:
Detailed Segmentation:
Detailed Segmentation:
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