Global Plant-Based Egg Replacers Market Surge to Witness Huge Demand at a CAGR of 6.0% during the forecast period 2029
Global plant- based egg replacers market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 6.0% in the forecast period of 2022 to 2029 and is expected to reach USD 2,386.45 million by 2029.
Key Pointers Covered in Global
Plant-Based Egg Replacers Market Industry Trends and Forecast to 2029
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Market Size
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Market Standards and Changes
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Market Trials in Different Regions
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Market Requirements in Different Regions
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Market Shares in Different Regions
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Recent Developments for Market Competitors
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Recent Market Value for Different regions
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Sales Data for Market Competitors
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Market Key Vendors and Disruptors Study
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Global Plant-Based
Egg Replacers Market Scope and Market Size
The global plant-based egg
replacers market is segmented into eight notable segments based on the type,
source, gum used, form, function, nature, category, and application.
·
On the basis of source, the global plant-based
egg replacers market is segmented into soy protein, pea protein, flaxseed, chia
seeds, wheat protein, algal flour, tapioca starch, potato starch, arrowroot
starch, fava bean, mung bean, and others. In 2022, the soy protein segment is
expected to dominate the plant-based egg market due to the increasing demand
for soy protein to give the plant-based egg a great texture and to imitate the
texture of conventional eggs among manufacturers.
·
On the basis of gum used, the global plant-based
egg replacers market is segmented into xanthan gum, cellulose gum, tara gum,
carrageenan, and others. In 2022, the xanthan gum segment is expected to
dominate the market owing to its properties such as thickening and
stabilization. Thus, increasing demand for thickening agents in bakery and
confectionary industries drives the market growth.
·
On the basis of form, the global plant-based egg
replacers market is segmented into powder, liquid and others. In 2022, powder
have dominated the market owing to the factors such as their easy to use
nature. In addition, the prices of powder are affordable, which is driving the
growth of the market in the forecast period.
·
On the basis of function, the global plant-based
egg replacers market is segmented into thickening, glazing, aeration and batter
viscocity, elasticity, stability, structure retention, and others. In 2022,
stability segment is expected to dominate the market owing to its ability to
keep food fresh and to maintain the quality. In addition, increasing consumer’s
preference of plant-based egg replacers which maintains the stability of the
food.
·
On the basis of nature, the global plant-based
egg replacers market is segmented into GMO and Non- GMO. In 2022, the non-GMO
segment is expected to dominate the market as the majority of consumers demand
non-GMO plant-based products owing to its affordability and easy availability.
·
On the basis of category, the global plant-based
egg replacers market is segmented into organic and conventional. In 2022, the
conventional segment is expected to dominate the market owing to its easy
availability and consistent increasing demand. In addition, it provides better
taste and more flavors which drives the market growth.
·
On the basis of application, the global
plant-based egg replacers market is segmented into bakery, and savory food. In
2022, the bakery segment is expected to dominate the market owing to increasing
demand of bakery products. In addition, consumers are demanding plant-based and
vegan bakery products that helps the market to grow in coming years.
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Some of the key questions answered in this
report:
·
How has the Global Plant-Based Egg Replacers
Market performed so far and how will it perform in the coming years?
·
What has been the impact of COVID-19 on the Global
Plant-Based Egg Replacers Market?
·
What are the key regional markets?
·
What is the breakup of the market based on the
procedure?
·
What is the breakup of the market based on the
injury location?
·
What is the breakup of the market based on the
end user?
·
What are the various stages in the value chain
of the industry?
·
What are the key driving factors and challenges
in the industry?
·
What is the structure of the Global Plant-Based
Egg Replacers Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and Insights: Global
Plant-Based Egg Replacers Market
·
The plant-based egg
replacers only include commercial plant-based egg replacers and only those
products that are labelled by the manufacturers as
plant-based egg replacers or products for which the egg replacement
is listed one of the application in their product descriptions. They are
produced by plant-based raw materials such as protein isolates and
concentrates, starches, legumes, cereals, and others.
·
The plant-based
eggs replacers replicate almost all of the functionality of conventional eggs.
Plant-based egg replacers are simply intended to provide the binding properties
needed for foods like cakes, muffins, and pancakes. They serve the purpose of
stabilization, gelation, emulsification, and others. Plant-based eggs offer
various health benefits such as are cholesterol-free, allergen-free, and
hence, are opted by the consumers suffering from health issues related to
cholesterol or who suffer from egg allergy. Additionally, plant-based eggs
offer high food safety as they are made from plant-based raw material and thus
reduces the risk of food-borne illness. Moreover, they are environmentally
sustainable.
·
To thrive in this
competitive market place, businesses consider taking up innovative solutions
and market research report is one of them. An outstanding Global Plant-Based
Egg Replacers Market research report proves to be a backbone for the success of
business in any niche. The market drivers and restraints have been explained
here using SWOT analysis. The market analysis and insights included in the
world class Global Plant-Based Egg Replacers Market report offers key statistics
on the market status of global and regional manufacturers and is an imperative
source of guidance which provides right direction to the companies and
individuals interested in the industry.
·
The market
research data involved in the world class Global Plant-Based Egg Replacers
Market report is evaluated using market statistical and coherent models. It is
a completely informative and proficient report that highlights primary and
secondary market drivers, market share, leading segments and geographical analysis.
The key research methodology used throughout this report by DBMR research team
is data triangulation which takes into account data mining, analysis of the
impact of data variables on the market, and primary validation. This market
report also provides insights about market share analysis and key trend
analysis. Utilization of integrated approaches combined with most up-to-date
technology for building the most admirable Global Plant-Based Egg Replacers
Market document makes it unsurpassed.
·
Plant-based egg
replacers are rich in calcium and vitamin B12 and contain low fat and zero
cholesterol. Therefore, are preferred by many consumers for the health
benefits. Various manufacturers offer plant-based eggs in different packaging
and prepared from different plant sources such as cereals, legumes, algae, and
others. Moreover, the growing demand for plant-based eggs replacers among
consumers owing to its health benefits coupled with the increasing trend of
plant-based food and vegan food are the key factors driving the global
plant-based egg replacers market. However, lack of awareness about plant-based
food may hamper the growth of the plant-based egg replacers market.
Global Plant-Based Egg Replacers Market Country
Level Analysis
On the basis of geography, the
global plant-based egg replacers market is segmented into North America,
Europe, South America, Asia-Pacific and Middle East and Africa. These regions
are further segmented into major countries such as the U.S., Mexico, Canada,
Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia,
Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore,
Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, Brazil,
Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Kuwait, and
Rest of Middle East and Africa.
Global Plant-Based Egg Replacers Market Share
Analysis
Global plant- based egg
replacers market competitive landscape provides details by competitor. Details
included are company overview, company financials, revenue generated, market
potential, investment in research and development, new market initiatives,
global presence, production sites and facilities, company strengths and
weaknesses, product launch, product trials pipelines, product approvals,
patents, product width and breadth, application dominance, and technology
lifeline curve. The above data points provided are only related to the
companies’ focus related to the global plant-based egg replacers market.
Key player Global Plant-Based Egg
Replacers Market
·
DuPont
·
Alternative
Foods
·
Ingredion
·
MGP
·
Kerry
·
Tate
& Lyle
·
corbion
·
Namaste
Foods.
·
J&K
Ingredients, Inc.
·
Fiberstar
·
Sunbloom
Proteins GmbH
·
Fismer
Lecithin
·
All
American Foods
·
Ener-G
Foods, Inc.
·
Bob’s
Red Mill Natural Foods
Trends Impacting the Global Plant- Based Egg
Replacers Market
Now the question is which other regions Kerry, Tate &
Lyle, and Ingredion are targeting? Data Bridge Market Research has estimated a
large growth in Asia-Pacific plant- based egg replacers market and the market
leaders targeting China, India, and Japan to be their next revenue pockets for
2022.
The global plant-based egg replacers market is becoming more
competitive every year due to consistently increasing demand with companies
such as, DuPont, Alternative Foods, and Ingredion are the market leaders for
global plant- based egg replacers market. Data Bridge Market Research new
reports highlight the major growth factors and opportunities in the global
plant- based egg replacers market.
For
more analysis on the global plant- based egg replacers market request for a
briefing with our analysts
MAJOR TOC OF THE REPORT
·
Chapter
One: Introduction
·
Chapter
Two: Market Segmentation
·
Chapter
Three: Market Overview
·
Chapter
Four: Executive Summary
·
Chapter
Five: Premium Insights
·
Chapter
Six: Global Plant-Based Egg Replacers Market Share by Product & Procedure
type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=global-plant-based-egg-replacers-market
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