Egg Replacers Market
Global Egg Replacers Market is worth USD 950 million in 2016 and estimated to grow at a CAGR of 6.1%, to reach USD 1277 million by 2021.
Global Egg Replacers Market is worth USD 950 million in 2016 and estimated to grow at a CAGR of 6.1%, to reach USD 1277 million by 2021.
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<strong>Egg</strong> <strong>Replacers</strong> <strong>Market</strong> By Form(dry And Liquid), By Source (Plant, Animal),<br />
Forecasts (2016–2021)<br />
Global <strong>Egg</strong> <strong>Replacers</strong> <strong>Market</strong> is worth USD 950 million in 2016 and estimated to grow at a<br />
CAGR of 6.1%, to reach USD 1277 million by 2021. The global <strong>Egg</strong> <strong>Replacers</strong> market is<br />
developing at an exceptionally quick pace.<br />
View full Report: http://marketdataforecast.com/market-reports/egg-replacers-market-4390/<br />
<strong>Egg</strong> replacers help in the replacing or reducing egg content in foods without changing the<br />
taste and look of the final item. These ingredients have extensive use in variety products like<br />
cakes, muffins, mayonnaise, chocolates, custard, ice-cream, and cookies etc. Most of these<br />
products are without any animal products, and hence are vegan and contain no cholesterol.<br />
There are also homemade substitutes like tofu, a variety of fruits, potato starch, mashed<br />
potato, baking powder, ground seeds, agar powder, chickpea flour etc.<br />
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The significant driver is rising consumer awareness towards preventative healthcare and an<br />
inclination towards products with low cholesterol levels. Also change in lifestyles and rise in<br />
awareness of consumers regarding healthy eating habits, increase in adoption of a vegan<br />
diet, and avian flu outbreak developed and developing nations is boosting the industry. Also<br />
growing food and beverage industries are further expected to boost this industry.<br />
The global <strong>Egg</strong> <strong>Replacers</strong> market is segmented on the basis of Application, Ingredients,<br />
source, form and region. Based on application the market is segmented into Bakery &<br />
confectionery, Savories, Sauces, dressings & spreads and others. The bakery &<br />
confectionery segment is estimated to dominate the egg replacers market in 2017. Based on<br />
Ingredients the market is segmented into Dairy proteins, Starch, Algal flour, Soy-based<br />
products, and others. Dairy protein is estimated to be the largest segment in egg replacers<br />
market in 2017. Based on Source the market is segmented into Plant and Animal. Based on<br />
Form the market is segmented into Dry and Liquid. Dry egg replacers accounted for the<br />
largest market share in 2016.<br />
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Geographically, the <strong>Egg</strong> <strong>Replacers</strong> market is segmented into North America, Europe, Asia-<br />
Pacific, Latin America and Middle East Asia. North America is estimated to constitute the<br />
largest share in this market, while the Asia Pacific region is expected to witness the fastest<br />
growth and beat North America, being the second largest shareholder for the market during<br />
the forecast period.<br />
Archer Daniels Midland Company (U.S.), Glanbia Plc (Ireland), Kerry Group (Ireland), Cargill<br />
(U.S.), Ingredion Incorporated (U.S.), and Corbion (Netherlands) Company are the leaders in<br />
the global <strong>Egg</strong> <strong>Replacers</strong> market.
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