Egg replacement ingredient enables to replace egg in products ranging from bakery products, noodles, sauces dairy products and others. Egg replacement ingredient is a mixture of starches and/or binding ingredients, which may include potato starch, flaxseed, cornstarch, soy powder, and seed among others. Sometimes it may also include a small amount of leavening agent or xanthan gum, as a binder. Egg contains high cholesterol and fat, due to which consumer are avoiding egg and egg products. Thus increasing awareness and health consciousness among the people across the globe is expected to drive the market of egg replacement ingredient across the globe.
Egg Replacement Ingredient Market Segmentation
Egg replacement ingredient market is segmented on the basis of type which includes powder egg replacement ingredient and liquid egg replacement ingredient. Among both of these segment powder egg replacement ingredient is expected to occupy the dominant position on the pie. High usage of powder egg replacement ingredient in bakery products such as cakes, muffins pie and others is expected to support the growth of powder egg replacement ingredient market in the near future.
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Egg replacement ingredient market is also segmented on the basis of usage which includes commercial and household purpose. Among both of these segment commercial purpose is expected to account for major share during the forecast period. Commercial purpose is further sub-segment as large scale and small scale food industries. Among both of these sub-segment large scale food industries is expected to generate high revenue during the forecast period.
Further, egg replacement ingredient market is segmented on the basis of ingredient type which includes lecithin, soya milk/tofu and tahini. Among all these segment soya milk/tofu is expected to account for major contributor in terms of revenue. Easy availability and high nutritional content in soya milk/ tofu is expected to support its growth in egg replacement ingredient market. Moreover, tahini is predicted to show a healthy growth in the near future in egg replacement ingredient market.
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Egg replacement ingredient market is further segmented on the basis of application which includes chocolates, mayonnaise, cakes/pastries/muffins, cookies and noodles. Among all these segments cakes/pastries/muffins is expected to be the major contributor in egg replacement ingredient market. However, mayonnaise is further predicted to show a substantial growth in the near future. Increased use of eggless mayonnaise by fast food sector is expected to drive its growth.
Globally North America is expected to account for major contributor in terms of revenue in egg replacement ingredient market followed by Europe. In North America, US is expected to be dominant country in terms revenue contribution in egg replacement ingredient market. Spread of avian flu among hens in US has simultaneously increased the consumption of eggless product across the country, which in turn is expected to drive the growth of egg replacement ingredient market in the country. In Europe, UK is expected to account for major market share in the near future. In developing region such as Asia Pacific, Middle East and Africa, people are getting more conscious towards their health, which in turn is predicted to fuel the growth of egg replacement ingredient market during the forecast period.
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Egg Replacement Ingredient Market Drivers
Increased spread of avian flu among the hens, has prompted food manufacturers to reformulate their products with egg replacement ingredients, which is expected to drive the growth of egg replacement ingredient market. Moreover, egg replacement ingredient results in less processing cost in final food products as compared to eggs, since egg price is constantly increasing. This is also expected be the major factor to fuel the growth of egg replacement ingredient market during the forecast period.
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Mr. Sudip Saha