Global Egg Replacement Ingredients Market to reach USD 1,152.0 million by 2022

Global egg replacement ingredients market is expected to grow at a CAGR of 5.7% from 2017 to 2022 to reach USD 1,152.0 million by 2022. This growth is majorly accounted to the growing preference for plant based natural ingredients among the general population, growing vegan, vegetarian, and flexitarian population; frequent outbreaks of Avian Influenza; and safety benefits over natural eggs. However, there is reluctance to use the egg replacement ingredients from both the industrial users as well as the end consumer mainly due to its inability to replicate the exact flavor, taste, and texture like the real eggs.

Global egg replacement ingredients market is segmented by type (dairy protein, starch, algae flour, soy based products others), by application (bakery & confectionary, mayonnaise & sauces, others), by form (solid, and liquid), and by source (plant, and animal). Geographically, the global egg replacement ingredients market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. These regions are further analyzed at a country level with the detailed qualitative and quantitative analysis. North America accounted for the major share in the global egg replacement ingredients market in 2016, followed by Europe, and Asia-Pacific region.

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The key players in the global egg replacement ingredients market are Archer Daniels Midland Company (U.S.), Cargill Inc., (U.S.), MGP Ingredients (U.S.), Nestlé S.A. (Switzerland’s), Corbion Group (Netherlands), E.I. Dupont (U.S.), Ener-G Foods, Inc. (U.S.), Fiberstar, Inc. (U.S.), Florida Food Products LLC (U.S.), Glanbia PLC (Irelands), Ingredion Incorporated (U.S.), Eden Foods, Inc. (U.S.), Organic Valley (OV)(U.S.), and American Soy Products, Inc. (U.S.).

Key questions answered in the report –

Which are the high growth market segments in terms of ingredients, application, form, source, and regions/countries?

What is the historical market for egg replacement ingredients across the globe?

What are the market forecasts and estimates from the period 2015-2022?

What are the major drivers, restraints, opportunities, and trends in the global egg replacement ingredients market?

What are the recent developments in the global egg replacement ingredients market?

What are the different strategies adopted by the major players in the global egg replacement ingredients market?

What are the geographical trends and high growth regions/ countries?

Who are the local emerging players in the global egg replacement ingredients market and how do they compete with the global players?

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