Egg replacement ingredients are used as a substitute of egg and reduce the egg contain without compromising the taste and nutritional benefits of the food. Egg replacements ingredients are basically manufactured by the various food ingredients such as food starch, milk, soya-based milk etc.
The global egg replacement ingredients market is projected to reach around US$ 1622.1 million by the end of 2027, in terms of revenue, growing at CAGR of 5.6% during the forecast period (2019-2027).
The nutritional and physiological benefits of egg substitute ingredients are similar to those of eggs. An egg is a high-protein, vitamin, and mineral source that can also be found in applesauce, mashed banana, ground flaxseeds, silken tofu, and other foods.Consumers are gravitating toward egg substitute components for a variety of reasons, including the fact that egg intake has been related to heart disease.
Eggs contain saturated fat, and a high intake of saturated fat can raise cholesterol and LDL (bad) cholesterol levels, both of which are risk factors for cardiovascular disease. Consumer demand, increased food safety, allergy reduction, easier handling and storage, reduced price, and environmental sustainability are some of the additional reasons for utilising egg substitutes.
The outbreak of avian influenza and its subsequent prevalence among birds, primarily in the North America region, has led to an intense egg supply crisis. Poultry producers across several countries, primarily in North America, are witnessing huge losses in the wake of a highly pathogenic strain of avian influenza. This epidemic has, in turn, persuaded producers to cull millions of chickens and turkeys. Consequently, food manufacturers are on the lookout for egg substitutes to include in various products, which is foreseen to bode well for egg replacement ingredients market. Moreover, this shortage could lead to increase in prices of eggs, encouraging producers and consumers to opt for egg substitutes at an affordable deal. Due to supply constraints, the prices of eggs in regions like North America could witness a drastic surge. Thus, multiple producers are vying for cutting down recipe costs by using egg substitutes, thereby propelling the growth of egg replacement ingredients market.
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