The outbreak of several epidemics from birds is having a profound influence on global consumption of eggs. This is how to do it. So, the global food industry has witnessed a paradigm shift over the past few years, with increasing numbers of consumers preferring a non-vegetarian diet. This, in turn, is poised to bode well for egg replacement ingredients market. The egg replacement ingredients marketis envisaged to be driven by several factors such as rising number of vegans, outbreak of fatal diseases associated with birds, and rising preferences for a healthy diet. Mn in 2018. The market is further projected to value around US $ 1, 630 mn by 2028 end.
With rampant shortage in egg supply, consumers are on the lookout for egg alternative, which are believed to serve as a source of their daily nutritional props. Furthermore, use of dairy based, soy based, and starch based products have witnessed a dramatic upturn over the past few years. These conditions are poised to accentuate the demand for egg replacement ingredients, thereby reviving the market growth. One Green Planet, in one of its prominent publications, said that over 6% of the US population is in the light of the adverse effects of having a non-vegetarian diet on one’s health in the long run. Over and above that, multiple NGOs across the globe are promoting the benefits of vegan diets over a non-vegetarian diet.
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Manufacturers in the egg replacement ingredients are encouraging advent of diverse varieties in a bid to cater to mushrooming needs of manufacturers raising requirements for low cost ingredients and demand for healthy food products. In terms of innovation, companies are emphasizing on streamlining their production capacity for offering products which are cost-effective and having a longer life with flawless texture. Confectionery and bakery products such as cakes / pastries / muffins / breads are one of the lucrative targets for the market players with regard to surging demand for egg supplements from these products. Manufacturers in the egg replacement ingredients market are all present in the light of rising popularity of bakery as well as confectionery products. Further More, mayonnaise stands out as a remunerative segment in the egg replacement ingredients market. Eggless mayonnaise is gaining significant traction amid the health-conscious consumer demographics owing to low fat and cholesterol levels.
One of the differentiating strategies. Streamlining the value chain might evolve as the biggest catalyzer for price reduction of the final product. In case of bakery industry, the demand for plant-based ingredients is considered as a striking opportunity by the market players of egg replacement ingredients.
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Moreover, product innovations and developments have been considered to be the key for manufacturers to achieve a spike in sales. Prominent companies like TIC Gums and several other companies offering texture and stabilization solutions in the food industry are vying to offer several stabilizer systems to replace the necessary texture and emulsification properties of eggs. After receiving several requests to introduce stabilizers in place of eggs in their products, they have proactively formulated stabilizers for growing eggs and enhancing their product portfolio.
The challenge of receiving optimal benefits out of egg alternative is poised to limit the market growth to a certain extent. Since eggs cater to various functions in foods, it is difficult to obtain a one-to-one replacement for the multiple benefits they offer. This difficulty in the production process is minimized.
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