The global Egg Replacers market is anticipated to grow at a significant CAGR of 6.5% during the forecast period. Cost is a major driving factor for many food manufacturers to consider egg replacement options. In industrial baking, challenges are approaching bakers to look for solution to deal with volatile supply chain costs and serve the growing demand for products. Companies are always searching for options to reduce raw material costs and to cop raw material availability due to the fluctuations in egg prices. The fluctuations in prices of Liquid whole eggs, whites, yolks and powdered eggs significantly affect the cost of use in bakery products. For instance the Ukrainian Agribusiness Club (UCAB) business association forecasts that a record-breaking drop in egg production in Ukraine since the beginning of 2021 is likely to drive egg prices on the domestic market to new heights. From January to May of 2021, egg production in Ukraine dropped by as much as 25%, which caused temporary shortage in the domestic market. These sudden cost increases can have an enormous effect on businesses, causing bakers to seek out for reliable solutions to fulfill the functions eggs provide. Moreover in 2018, when egg prices were going through an extended period of volatility, Arla Foods Ingredients launched a online egg calculator to help out bakery companies in calculating how much they could save by using egg replacers in their cake recipes.
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COVID-19 pandemic impacted mental and physical well-being of people globally which made consumers more concerned and aware about their health and well-being. Surge in consumer spending on food products is been seen during the pandemic. Moreover, egg replacers’ products witnessed an increase in demand as a result of shortage of eggs in retail stores due to movement restrictions.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Egg Replacers Market Report Segment
By Source
- Plant
- Animal
By Application
- Bakery and Confectionery
- Dressings and Spreads
- Savories and Sauces
- Others
By Ingredient
- Dairy Proteins
- Starch
- Algal Flour
- Soy-based Products
Global EGG Replacers Market Report Segment By Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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