(Food-Beverage-News.Com, April 04, 2018 ) Europe Egg Replacers Market is worth USD 285 million in 2016 and estimated to grow at a CAGR of 6.4%, to reach USD 388.64 million by 2021. The Europe Egg Replacers market is developing at an exceptionally quick pace.
Egg replacers help in the replacing or reducing egg content in foods without changing the taste and look of the final item. These ingredients have extensive use in variety products like cakes, muffins, mayonnaise, chocolates, custard, ice-cream, and cookies etc. Most of these products are without any animal products, and hence are vegan and contain no cholesterol. There are also homemade substitutes like tofu, a variety of fruits, potato starch, mashed potato, baking powder, ground seeds, agar powder, chickpea flour etc.
The significant driver is rising consumer awareness towards preventative healthcare and an inclination towards products with low cholesterol levels. Also change in lifestyles and rise in awareness of consumers regarding healthy eating habits, increase in adoption of a vegan diet, and avian flu outbreak developed and developing nations is boosting the industry. Also growing food and beverage industries are further expected to boost this industry.
The Europe Egg Replacers market is segmented on the basis of Application, Ingredients, source, form and region. Based on application the market is segmented into Bakery & confectionery, Savories, Sauces, dressings & spreads and others. The bakery & confectionery segment is estimated to dominate the egg replacers market in 2017. Based on Ingredients the market is segmented into Dairy proteins, Starch, Algal flour, Soy-based products, and others. Dairy protein is estimated to be the largest segment in egg replacers market in 2017. Based on Source the market is segmented into Plant and Animal. Based on Form the market is segmented into Dry and Liquid. Dry egg replacers accounted for the largest market share in 2016.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. It is the second largest market and is anticipated to witness significant growth in the forecast period.
Egg Replacers Market Segmentation: Source Introduction Plant Animal Y-o-Y Growth Analysis, By Source Market Attractiveness Analysis, By Source Market Share Analysis, By Source
Form Introduction Dry Liquid Y-o-Y Growth Analysis, By Form Market Attractiveness Analysis, By Form Market Share Analysis, By Form
Application Introduction Bakery & Confectionery Savories Sauces, Dressings, and Spreads Others Y-o-Y Growth Analysis, By Application Market Attractiveness Analysis, By Application Market Share Analysis, By Application
Ingredients Introduction Dairy Protein Starch Algal Flour Soy-Based Products Others Y-o-Y Growth Analysis, By Ingredients Market Attractiveness Analysis, By Ingredients Market Share Analysis, By Ingredients
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