Detailed examination of the Global Egg Replacers market that is expected to grow at 6% of CAGR to by 2022

Pune, India, 2017-Jun-22 — /EPR Network/ — Global egg replacers market Segmentation- by raw material (dairy protein, starch, soy based products, algal flour & yeast extracts, and others), by application (bakery & confectionery, savories & snacks, sauces & spreads and others) by form (powder, liquid, others) and Region – Forecast till 2023

Many of the powdered egg replacers are egg-free and are produced from ingredients such as starch, yeast extract, soy flour, wheat gluten, and others that simulates the consistency and flavors of eggs. An egg replacers are used as a substitutes for fresh eggs in order to reduce or eliminate the cholesterol content found in whole eggs. For liquid Egg Substitutes, some of the additional or replacement ingredients may include soy based products, dairy proteins, starch, and others.

Egg shortage crisis due to avian influenza coupled with a complex egg handling and storage is further estimated to drive the demand during the forecast period. Easy availability of resource, rising economic opportunity 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. Globally the market for egg replacers is estimated to grow at the rate of about 6 % from 2017 to 2023.

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Competitive analysis-

This report includes a study of strategies used in the market, mergers and acquisitions in egg replacers, multiple product launch by egg replacers market players. It further includes product portfolios and developments of leading major players which includes

• Archer Daniels Midland Company (U.S.)
• Ingredion Incorporated (U.S.)
• Arla Foods (Denmark)
• Tate & Lyle PLC (U.K.)
• Puratos (Belgium)
• I. Dupont De Nemours and Company (U.S.)
• Corbion (Netherlands)

These factors will play a key role in the growth of egg replacers market at the CAGR of 6 % during 2017-2023.

Egg replacers market has been segmented on the basis of source of by raw material dairy protein, starch, soy based products, algal flour & yeast extracts, and others. Dairy proteins dominates the market, however soy based products will highest growing segment during the forecast period due rising demand for gluten free and vegan food products, On the basis of form, market is segmented into powder, liquid and others. Liquid based egg replacers will dominate the market as it is convenient to use in various food processes. On basis of application, market is segmented by application bakery & confectionery, savories & snacks, sauces & spreads and others. Bakery & confectionery will dominate the market, as there is rise in demand for vegan products.

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