Plant-Based Egg Replacers Market is expected to grow by USD 2,386.45 million during 2022-2029, accelerating at a CAGR of 6.0% during the forecast period
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 Plant-Based Egg Replacers Market Industry Trends and Forecast to 2029
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Market
Size
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Market
New Sales Volumes
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Market
Replacement Sales Volumes
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Market
Installed Base
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Market
By Brands
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Market
Procedure Volumes
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Market
Product Price Analysis
·
Market
Regulatory Framework and Changes
·
Market
Shares in Different Regions
·
Recent
Developments for Market Competitors
·
Market
Upcoming Applications
·
Market
Innovators Study
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Considering this Report:
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This
report is compiled using a vigorous and thorough research methodology. Data
Bridge Market Research is also known for its data accuracy and granular market
reports.
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A
complete picture of the competitive scenario of Plant-Based Egg Replacers
Market is depicted by this report.
·
The
report consists of a vast amount of data about the recent product and
technological developments in the markets.
·
The
insights in the report are easy to understand and include a graphical
representation of the numbers in the form of histograms, bar graphs, pie
charts, etc.
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.
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On the
basis of type, the global plant-based egg replacers market is segmented into
white egg replacement, egg yolk replacement and complete egg replacement. In
2022, the white egg replacement segment is expected to dominate the market owing
to the health benefits of white egg replacements. In addition, increasing vegan
population drives the market growth.
·
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 Plant-Based Egg Replacers Market
performed so far and how will it perform in the coming years?
·
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 Plant-Based Egg
Replacers Market and who are the key players?
·
What is the degree of competition in the
industry?
Market Analysis and
Insights: 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.
·
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.
·
The demand for the plant-based egg replacers is
increasing, for which key players or companies are now more focused and are
involved in expansion, innovation, and launches of products in the plant-based
egg replacers market. These decisions are ultimately enhancing the growth of
the global plant-based egg replacers market. Various companies are making
strategic decisions, such as forming agreements with research facilities to
launch new products, to improve their market share.
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.
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 Plant-Based
Egg Replacers Market
Some of the major players
operating in the global plant-based egg replacers market are 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. and Bob’s Red Mill Natural
Foods.
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: 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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