Global Egg Replacement Ingredients Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Ingredients Coverage, By Application Coverage, By End User Coverage, By Form Coverage, By Geographic Coverage and By Company)
Published Date: Oct 2023 |
Format:
| No. of Pages: 230
The global egg replacement ingredients market size is approximately US$2.3 Bn as of 2022-end. Toward the end of 2030, the market revenue is expected for an impressive hike at a CAGR of 6.5%.
The primary factor projected to drive the egg replacement ingredients market expansion is the rising demand for health and dietary concerns, increasing demand for vegan and plant-based diets, and the unprecedentedly expanding food industry.
The starch egg replacement category leads in terms of the type of ingredient. Based on the application, the mayonnaise segment constitutes a major market value share of the global Egg replacement ingredients market. By region, North America spearheads.
Increasing emphasis on natural, clean label ingredients, and the rising demand and availability of allergen-free products indicate some of the most prominent areas reflecting high revenue generation opportunity for participants in the egg replacement ingredients market, in the years to come.
Some of the biggest names in the industry include companies like Tate & Lyle Plc, Corbion NV, Glanbia Plc, Natural Products, Inc., Archer Daniels Midland Company, Cargill, Kerry Group, and Sodexo Group.
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