(Food-Beverage-News.Com, August 17, 2018 ) Egg Replacers Market is worth USD 1069.43 million in 2018 and estimated to grow at a CAGR of 6.1%, to reach USD 1437.9 million by 2023. The global 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 global 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.
Geographically, the Egg Replacers market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and beat North America, being the second largest shareholder for the market during the forecast period.
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
The Scope of the report: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms product type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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