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The global egg replacement ingredients market is expected to grow from USD 1.4 billion in 2018 to USD 2.1 billion by 2026, at a CAGR of 6.01% during the forecast period from 2019-2026. Growing demand for plant-based ingredients, high egg prices, and low availability of eggs are some of the factors driving the growth of the egg replacement ingredients market. In addition to this, sustainability and consumer shift towards a vegan diet is also boosting the growth of the market.
Market Overview:
Egg replacement ingredients are the commercial products specifically developed as a substitute for eggs in baking that works to replicate the action of eggs in fine bakery and other food products. They do not work as a substitute for eggs in omelets and other cooked egg dishes. These ingredients replace whole eggs used as a leavening ingredient in batters, such as for cakes, muffins, pancakes, and doughs, such as with cookies or brownies. Restaurants and eateries across the world have started offering food products with egg replacement ingredients. These factors are expected to bolster the demand for egg replacement ingredients.
Volatility in the egg market is driving the growth of egg replacement ingredients market
The fluctuation in pricing and low availability of eggs subject to fluctuation in seasonal availability can influence the end products’ profitability. Therefore manufacturers who use eggs on a large scale are seeking economical alternatives. In addition to this, the poultry industry has not been able to completely recover from widespread avian influenza outbreaks of the recent past. Additionally, the constant recurrence of the epidemic has led to a price surge, prompting manufacturers to seek alternatives that could effectively replace the binding and leavening agent in bakery products.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Egg replacement ingredients Market Key Findings:
All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment.
Segmentation Analysis:
The global egg replacement ingredients market has been segmented on the basis of type, application and end-user industry.
Regional Segmentation Analysis:
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America holds the largest market share in the global egg replacement ingredient market. In the year 2018, North America held 44% of the market share in terms of revenue generation in the global egg replacement ingredient market. This is mainly due to increasing demand for products with an enhanced shelf life and rising concerns related to health and diet. In addition to this, Europe is expected to grow at a significant growth rate in the global egg replacement ingredient market during the forecast period 2019-2026.
Global Egg replacement ingredients Market Competitive Analysis:
Key players in the global egg replacement ingredients market are Corbion N.V., Puratos Group, Glanbia PLC, Natural Products, Inc., DuPont, Ingredion Incorporated, Tate & Lyle PLC, Ener-G Foods, Inc., Orchard Valley Foods Limited, TerraVia Holdings, Inc., and Archer Daniels Midland Company among others. The companies are mainly focusing on product innovation, merger and acquisition, and geographical expansion to gain a major share in the market.
In June2019, DuPont Nutrition & Biosciences has launched the Grindsted Plant-Tex Product, a naturally sourced egg white replacement ingredient for plant-based burger patties, cooked sausages and cold cuts.
In April 2019, Ingredion, Inc. has announced the investment in Series B funding round in Clara Foods, a San Francisco-based biotech start-up that creates egg whites without the chickens and focuses on animal-free animal proteins.
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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Markets has segmented the global egg replacement ingredients market on the basis of below mentioned segments:
Global Egg replacement ingredients Market by Product:
Global Egg Replacement Ingredients Market by Form:
Global Egg Replacement Ingredients Market by Application
Global Egg replacement ingredients Market by Region:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Form
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Economics: considerable fluctuations in global egg supply and pricing
5.2.2. Health concerns: cholesterol content, avian influenza outbreaks, etc.
5.2.3. Lifestyle: vegan/vegetarian diets
5.3. Restrains
5.3.1. Not enough functionality
5.4. Opportunities
5.4.1. Increasing inclination towards lowering cholesterol levels
5.4.2. Increasing investment in the research and development activities
5.5. Challenges
5.5.1. Potential allergenicity
6. Global Egg Replacement Ingredients Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Dairy Protein
6.3. Starch
6.4. Algae Flour
6.5. Soy Based Products
6.6. Others
7. Global Egg Replacement Ingredients Market Analysis and Forecast, By Form
7.1. Segment Overview
7.2. Liquid
7.3. Powder
8. Global Egg Replacement Ingredients Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Bakery & Confectionery
8.3. Mayonnaise & Sauces
8.4. Others
9. Global Egg Replacement Ingredients Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Egg Replacement Ingredients Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Egg Replacement Ingredients Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Corbion N.V.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Puratos Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Glanbia PLC
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Natural Products, Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. DuPont
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Ingredion Incorporated
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Tate & Lyle PLC
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Ener-G Foods, Inc.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Orchard Valley Foods Limited
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Component Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. TerraVia Holdings, Inc.
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Component Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
11.11. Archer Daniels Midland Company
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Component Portfolio
11.11.5. Recent Developments
11.11.6. SWOT Analysis
List of Table
List of Figures
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