The market for Egg Replacement Ingredient Market is expected to reach US$ XX Bn By 2023
Egg replacement ingredients facilitate the reduction of egg content in the food without impacting the appearance or taste of the food. Egg replacers are generally produced by utilizing a variety of ingredients, ranging from modified food starch to milk.
The global egg replacement ingredient market is growing at a fast pace and is anticipated to achieve significant growth over the forecast period through 2023. A crisis in the availability of eggs due to avian influenza, an escalation in demand for plant-based ingredients, and the inclined cost of eggs are some of the factors fostering the growth of the egg replacement ingredients market.
At present, the North American region captured the maximum share in revenue from the egg replacement ingredient market and is anticipated to dominate over the forecast period. Increasing demand for egg replacement ingredients from China, India, and the European region is anticipated to foster the growth of egg replacement ingredients in the region over the forecast period. This is generally due to rising consumer awareness and consciousness towards preventive healthcare, which is anticipated to stimulate market growth over the forecast period.
The global egg replacement ingredient market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
By Form
By Application
By Ingredient
By End Use
By Geography
Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Natural Products Inc., TerraVia Holdings Inc., Ener-G Foods, Orchard Valley Foods Ltd., Archer Daniels Midland Company, Corbion NV, and others
The market for Egg Replacement Ingredient Market is expected to reach US$ XX Bn By 2023
The Egg Replacement Ingredient Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 To 2023.
The base year of this report is 2015.
Glanbia Plc, Tate & Lyle Plc, Ingredion Incorporated, Natural Products Inc., TerraVia Holdings Inc., Ener-G Foods, Orchard Valley Foods Ltd., Archer Daniels Midland Company, Corbion NV are some of the major players in the global market.