NEW YORK, May 23, 2017 /PRNewswire/ -- Highlights
· Egg
replacement ingredients enable the replacement or reduce egg
content in foods without affecting the taste and appearance of the
final product.
· These
ingredients find extensive application in products such as cakes,
muffins, mayonnaise, chocolates, custard, ice-cream, and cookies
among others.
· The global egg
replacement ingredient market is anticipated to register a CAGR of
5.8% during the forecast period (2016 – 2026) and is estimated to
be valued at US$ 1,533.3 Mn by 2026
end.
· Egg shortage
crisis due to avian influenza, increasing demand for plant based
ingredients and increased cost of eggs are factors expected to
support the growth of the global egg replacement ingredient market
over the forecast period.
· Egg shortage
crisis due to avian influenza, increasing demand for plant based
ingredients and increased cost of eggs are factors expected to
support the growth of the global egg.
Egg replacement ingredients enable the replacement or reduce egg
content in foods without affecting the taste and appearance of the
final product. These ingredients find extensive application in
products such as cakes, muffins, mayonnaise, chocolates, custard,
ice-cream, and cookies among others. The global egg replacement
ingredient market is anticipated to register a CAGR of 5.8% during
the forecast period (2016 – 2026) and is estimated to be valued at
US$ 1,533.3 Mn by 2026 end.
Rising prices of eggs and increasing consumer awareness towards
preventative healthcare is expected to boost market growth
Egg shortage crisis due to avian influenza, increasing demand for
plant based ingredients and increased cost of eggs are factors
expected to support the growth of the global egg replacement
ingredient market over the forecast period. Rising consumer
awareness towards preventative healthcare and an inclination
towards products with low cholesterol levels is further likely to
fuel the growth of the global egg replacement ingredient market
during the forecast period. Manufacturers are focussing on
production catering to rising consumer demands for vegan or
vegetarian edible products and allergen-free products.
However, increased cost of the final product and the fact that egg
replacement ingredients do not offer the same taste effect as eggs
is likely to restrict the growth of the global egg replacement
ingredient market over the forecast period.
Market segmentation
By Ingredient
By Application
By End Use
By Form
By Region
Milk Protein Formulation
Algal Flour
Proteins
Starch
Soy Products (Lecithin, Tofu & Tahini)
Others (Fruit Purees & Vinegar)
Chocolates
Biscuits & Cookies
Cakes/Pastries/Muffins/Breads
Mayonnaise
Noodles & Pasta
Commercial
Large Scale Food Manufacturers
Small Scale Food Manufacturers
Household
Liquid
Powder
North America
Latin America
Europe, Middle East & Africa (EMEA)
Asia Pacific (APAC)
Milk Protein Formulation ingredient segment likely to remain
dominant throughout the forecast period
The Milk Protein Formulation segment is estimated to account for a
revenue share of 31.1% in the global egg replacement ingredient
market by the end of 2016 while the Starch segment is anticipated
to register a CAGR of 5.7% in terms of value over the forecast
period.
Mayonnaise application segment expected to gain relatively high
market share over the forecast period
The Mayonnaise segment is estimated to account for a value share of
38.2% in the global egg replacement ingredient market by 2016 end.
The Cakes/Pastries/Muffins/Breads segment is estimated to account
for 25.9% value share of the global egg replacement ingredient
market by the end of 2016.
Commercial end use segment expected to account for highest value
share by 2026
The Commercial segment is anticipated to remain dominant and
account for 79.7% value share of the global egg replacement
ingredient market over the forecast period.
Powder form segment anticipated to grow 1.8X during the forecast
period
The Powder segment is estimated to reach a market valuation of
US$ 670.5 Mn by the end of 2016 and
is expected to show significant growth during the forecast
period.
North America to represent highest
value share of the global market by 2016 end
The North America egg replacement
ingredient market is estimated to account for 48.0% share of the
global egg replacement ingredient market by the end of 2016. The
EMEA egg replacement ingredient market is expected to witness the
highest CAGR of 6.5% in terms of value during the forecast
period.
egg replacement ingredient market
Leading market players are focussing on new product launches and
strategic acquisitions and mergers to strengthen market share
Read the full report:
http://www.reportlinker.com/p04394417/Egg-Replacement-Ingredient-Market-Global-Industry-Analysis-and-Opportunity-Assessment.html
About Reportlinker
ReportLinker is an award-winning market research solution.
Reportlinker finds and organizes the latest industry data so you
get all the market research you need - instantly, in one place.
http://www.reportlinker.com
__________________________
Contact Clare: clare@reportlinker.com
US: (339)-368-6001
Intl: +1 339-368-6001
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/egg-replacement-ingredient-market-is-estimated-to-be-valued-at-us-15333-million-by-2026-300462062.html
SOURCE Reportlinker