The global Egg Replacers Market was valued at USD 793.55 million in 2016 and is projected to reach USD 1,332.75 million by 2025, growing at a CAGR of 5.9% from 2017 to 2025.
Egg replacers are ingredients that replace or reduce the egg content in foodstuffs without affecting the taste of the final product. These ingredients have found increased applications in cakes, mayonnaise, chocolates, and ice creams, among others. Growing demand for vegan foods has been the major factor driving this market.
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Market Dynamics:
1. Market Drivers
1.1 Growing vegan culture
1.2 Growing awareness regarding the importance of consumption of plant-based foods
2. Market Restraints
2.1 Limitations on completely replacing eggs
Market Segmentation:
The global Egg Replacers Market is segmented on the basis of form, source, ingredient, application and region.
1. Global Egg Replacers Market, by Form:
1.1 Dry
1.2 Liquid
2. Global Egg Replacers Market, by Source:
2.1 Plant
2.2 Animal
3. Global Egg Replacers Market, by Ingredient:
3.1 Dairy Protein
3.2 Starch
3.3 Algal Flour
3.4 Soy-Based Products
3.5 Others
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4. Global Egg Replacers Market, by Application:
4.1 Bakery & Confectionery
4.2 Savories
4.3 Sauces, Dressings, and Spreads
4.4 Others
5. Global Egg Replacers Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. Corbion NV
2. Glanbia Plc.
3. Tate & Lyle Plc.
4. Ingredion Incorporated
5. Ener-G Foods, Inc.
6. Natural Products, Inc.
7. Orchard Valley Foods
8. Puratos Group
9. Solazyme, Inc.
10. Archer Daniels Midland Company
11. Florida Food Products, LLC
12. Fiberstar, Inc.
13. Danone Nutricia
14. MGP Ingredients
15. Arla Foods
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These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.