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Egg Replacers Market worth $3.3 billion by 2029 - Exclusive Report by MarketsandMarkets™
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This is because dry egg substitutes have a number of benefits that attract both manufacturers and customers. They are useful and also affordable because they have a longer lifespan, simple to store and transport, and moreover there is no need to be refrigerated. Dry egg replacements are very easy to work with and incorporate into a variety of recipes by simply adding water, so they may still be used in baking and cooking applications. The previously mentioned benefits create dry egg substitutes a favored option in the food processing sector, driving their significant expansion and dominance.
One of the key drivers is the rising health and sustainability awareness on the part of consumers, with millions of people turning to plant-based diets daily in order to make a lesser impact on the environment and for all-around healthier lives. Second, plant-based egg replacers target many different dietary needs, from vegan to vegetarian and even those with an allergy to eggs, further broadening their market appeal. This demand is also being driven by the trend of clean labeling, through which consumers move toward products with simple and recognizable ingredients, and plant-based options are viewed as healthier with more of a natural feel. Advancements in food technology have significantly improved the taste, texture, and functionality of plant-based egg replacers, hence making the option considerably more attractive both for the consumer and the manufacturer. Of late, the trends—flexitarian diets, in particular—are gaining huge popularity among people who try as much as possible to reduce their consumption of meat and animal products without going into complete avoidance. And this forebodes an upsurge in the demand for plant-based alternatives.
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Starches, derived from corn, potato , and tapioca, among others, are excellent at replicating binding, thickening, and gelling properties of the egg in a broad spectrum of food applications, thus potentially replacing them in such a wide array of foods as bakery, sauce, and dressings. Not only that, but starches are also considerably inexpensive as compared to other egg replacer ingredients; hence, they become quite appealing to any manufacturer who wants to curtail the cost of production without jeopardizing quality. Having a neutral taste by themselves ensures that they do not alter the flavor profile of the final product, and this forms a huge advantage to maintain the desired taste of various foodstuffs. The starch-based egg replacers have also benefited from this battleground of growing demand for clean-label products, as most customers viewed these ingredients as natural and wholesome. Along with the continuous development of food processing technology, functionality, and performance of starches as egg replacers definitely increase, thus helping to strengthen their market position.
The increasing urbanization in the Asia Pacific region and the rising middle-class population with higher disposable incomes boosts the consumption of convenience foods and bakery products where egg replacers are majorly consumed. The food industry push for sustainable and ethical sourcing is a major driver because like manufacturers, consumers also look to reduce the environmental impact associated with traditional egg production. Innovations in food technology have helped to develop egg replacers with the closest functional properties of eggs, such as binding, emulsification , and leavening, without any detrimental effect on taste or texture. A favorable regulatory regime that encourages government initiatives for betterment in food safety and quality standards indeed is encouraging for the adoption of egg replacers across the region. With multinational companies expanding further and increasing their presence, as well as domestic players entering the market, the competitive landscape also becomes dynamic enough to further give a boost to the growth in the market.
Key players in the egg replacers market are Cargill, Incorporated (US), ADM (US) , Kerry Group plc ( Ireland ), Ingredion (US), Tate & Lyle (UK), Puratos ( Belgium ), Corbion ( Netherlands ), Arla Foods Ingredients Group ( Denmark ), Glanbia plc ( Ireland ), Dupont (US), MGP Ingredients (US), Danone ( France ), Fiberstar, Inc (US), J&K Ingredients (US), and AAK Foods ( Sweden ).
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