Market Overview
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 2030’ that the market will demonstrate an exceptional CAGR % during the forecast period.
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.
Key Players
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.
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.
Regional Analysis
The global egg processing business 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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