Global Egg Extenders Market size was valued at US$ XX Bn. in 2019 and the total revenue is expected to grow at 5.8 % through 2020 to 2026, reaching nearly US$ XX Bn.
To know about the Research Methodology :- Request Free Sample Report The above pie chart shows the application of Egg Extenders consumed by different food products. It is observed that Bakery Products are the biggest consumers of Egg Extenders. The increasing population and rising demand by people for low-cost bakery products have resulted in the growth in demand for Egg Extenders. It is observed that the Asia-Pacific region consumes more than 25% of the total production of Egg Extenders. Low capital cost and requirement of limited equipment have increased the number of people entering the Bakery Products Manufacturing market increased consumption of Egg Extenders. Bread comes in the second position. Bread is consumed by a large number of people daily across the world. Regular demand and consumption by a large number of people have resulted in using Egg Extenders in the baking of Bread. It is observed that 40% of total Bread consumption in the region of Asia-Pacific and South America consists of Egg Extenders. Biscuits Cookies comes in the third position. Biscuits and Cookies are preferred snack items and are consumed by people from all age groups. This wide level of consumption by a large population has resulted in the use of Egg Extenders in its baking. Data from the unorganized Biscuits and Cookies Market suggests that 48% of manufacturers have started using 100% Egg Extenders in baking cookies and biscuits. Waffles come in the fourth position. Increased preference for waffles as a morning snack by the majority of people in North America and Europe has resulted in using Egg Extenders in its manufacturing process. Vita-Ex a famous European brand has decided to replace 100% of its egg contents in Waffles by Egg Extenders. Muffins come at fifth position. Rising preference for Flour based confectionery products and rising capital cost has resulted in the replacement of Eggs with nature-based Egg Extenders. Preference as a breakfast item has resulted in making Pancakes the sixth biggest consumer of Egg Extenders. Different other Bakery and flour-based products use Egg Extenders as per need.
The above pictorial information depicts the consumption of Egg Extenders in various regions. It is observed that the Asia-Pacific is the biggest consumer of Egg Extenders. Increasing populations, rising consumption, and the presence of the Food Processing Industry on a large scale have resulted in the increased consumption of Egg Extenders in this region. According to a report by Organized Bakery Products Industry, Bakery Products consumed in this region were worth the US $ 13 Billion in the year 2017. This has resulted in manufacturing food products with partial or complete replacement of Egg Extenders instead of Eggs increasing demand for Egg Extenders. South America is the second biggest market for Egg Extenders. Here Egg Extenders is used primarily in Nutrient-rich food products. Egg Extenders is added to food products and health supplements instead of Eggs on a large scale. The presence of the Food Processing Industry on large scale has resulted in an 11% increase in the revenue in Egg Extenders Market in this region North America is the third biggest market for Egg Extenders. Here, the presence of Egg Extenders Market is limited to Bread and Bakery Products. Increasing preference for Bakery food products and low-cost health supplements has resulted in a 7% increase in the consumption of Egg Extenders in the year 2017. Europe is the fourth biggest market for Egg Extenders. The presence of strict regulation boards in the economically superior region of Europe has resulted in the limited growth for the Egg Extenders Market. The Middle East and Africa’s market is showing very little growth, the reason for which is the presence of various social and economic restrain. The objective of the report is to present a comprehensive analysis of the global Egg Extenders market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Egg Extenders market dynamics, structure by analyzing the market segments and Project the global Egg Extenders market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Egg Extenders market make the report investor’s guide.
Global Egg Extenders Market Overview:
Egg Extenders is a type of food additive mixed in food products during the baking process to increase the egg constituent. Egg Extenders are manufactured by rapidly cooling aqueous gel products containing Xanthum Gum and Potassium Salt, through a temperature range at which solidification will take place in the aqueous form of the mixture of the above constituents. Egg Extenders provide a large quantity and all-natural ingredients to replace the maximum amount of eggs in the formation of food products. Low cost and high nutrient content has resulted in the increased demand for Egg Extenders in the Food Industry. Increasing population, rising consumption, and a medium for cost reduction in the process of manufacturing food products have resulted in the growth in the Egg Extenders Industry.Global Egg Extenders Market Dynamics:
Food Products require a high amount of protein matrix to maintain the nutritional content. Eggs with their high presence of protein, fat, and lipid content, have helped in maintaining the nutritional content of food products. Eggs provide the function of coagulation, emulsification, and foaming to food products. Increasing prices and limitations on demand have resulted in the use of Egg Extenders instead of Eggs. Egg Extenders possess components that help in holding moisture and assist with the aeration process. They also make food products more appealing by improving the taste and flavor of food products they are mixed with along with providing structural stabilization. Egg Extenders does similar work as that of Eggs in the process of food manufacturing. Corbion N.V. launched a new range of egg white extenders products like Function Plus 150W and New Function Plus 200 as a cost-effective solution for replacing Egg Whites in the production of Bakery Food Products. Egg Extenders hold similar nutritional properties as Eggs. With a shelf life of 1 year and a reduction in cost as compared with Eggs, the demand for Egg Extender products is growing. Increasing population, rising consumption, and growing production costs for the food manufacturing industry are the main driving factors for the growth of the Egg Extenders Market.Restraints:
Lack of awareness regarding the nutritional contents of Egg Extenders is the major restraining factor here. The high cost of the equipment used in the process of extracting Egg Extenders is limiting the entry for new players.Global Egg Extenders Market Segment Analysis:
The Global Egg Extenders Market is segmented on the basis of By Product Type, it is observed that the product range offered by Egg Extenders Industry can be bifurcated as Dried Egg White Extender and Dried Whole Egg Extender. With a wide range of applications in the Food Industry, Dried Egg White Extender dominates the consumption by the Food Industry. Dried Egg White Powder covers 60% of the total Egg Extenders manufactured by the Egg Extenders Market. By Applications Egg Extenders are used on a large scale in manufacturing Bakery Food Products. It is observed that 12% of the top bakery products manufacturing firms use Egg Extenders as an Egg replacer in their products. Different products like Bread, Biscuits and Cookies are produced on a large scale by using Egg Extenders. Depending upon contents, Baker Perkins Limited, a leading food products manufacturing firm has started manufacturing food products like Muffins, Pancakes, and Waffles with 20% to 100% replacement of egg with Egg Extenders. To know about the Research Methodology :- Request Free Sample Report The above pie chart shows the application of Egg Extenders consumed by different food products. It is observed that Bakery Products are the biggest consumers of Egg Extenders. The increasing population and rising demand by people for low-cost bakery products have resulted in the growth in demand for Egg Extenders. It is observed that the Asia-Pacific region consumes more than 25% of the total production of Egg Extenders. Low capital cost and requirement of limited equipment have increased the number of people entering the Bakery Products Manufacturing market increased consumption of Egg Extenders. Bread comes in the second position. Bread is consumed by a large number of people daily across the world. Regular demand and consumption by a large number of people have resulted in using Egg Extenders in the baking of Bread. It is observed that 40% of total Bread consumption in the region of Asia-Pacific and South America consists of Egg Extenders. Biscuits Cookies comes in the third position. Biscuits and Cookies are preferred snack items and are consumed by people from all age groups. This wide level of consumption by a large population has resulted in the use of Egg Extenders in its baking. Data from the unorganized Biscuits and Cookies Market suggests that 48% of manufacturers have started using 100% Egg Extenders in baking cookies and biscuits. Waffles come in the fourth position. Increased preference for waffles as a morning snack by the majority of people in North America and Europe has resulted in using Egg Extenders in its manufacturing process. Vita-Ex a famous European brand has decided to replace 100% of its egg contents in Waffles by Egg Extenders. Muffins come at fifth position. Rising preference for Flour based confectionery products and rising capital cost has resulted in the replacement of Eggs with nature-based Egg Extenders. Preference as a breakfast item has resulted in making Pancakes the sixth biggest consumer of Egg Extenders. Different other Bakery and flour-based products use Egg Extenders as per need.Global Egg Extenders Market Regional Insights
The above pictorial information depicts the consumption of Egg Extenders in various regions. It is observed that the Asia-Pacific is the biggest consumer of Egg Extenders. Increasing populations, rising consumption, and the presence of the Food Processing Industry on a large scale have resulted in the increased consumption of Egg Extenders in this region. According to a report by Organized Bakery Products Industry, Bakery Products consumed in this region were worth the US $ 13 Billion in the year 2017. This has resulted in manufacturing food products with partial or complete replacement of Egg Extenders instead of Eggs increasing demand for Egg Extenders. South America is the second biggest market for Egg Extenders. Here Egg Extenders is used primarily in Nutrient-rich food products. Egg Extenders is added to food products and health supplements instead of Eggs on a large scale. The presence of the Food Processing Industry on large scale has resulted in an 11% increase in the revenue in Egg Extenders Market in this region North America is the third biggest market for Egg Extenders. Here, the presence of Egg Extenders Market is limited to Bread and Bakery Products. Increasing preference for Bakery food products and low-cost health supplements has resulted in a 7% increase in the consumption of Egg Extenders in the year 2017. Europe is the fourth biggest market for Egg Extenders. The presence of strict regulation boards in the economically superior region of Europe has resulted in the limited growth for the Egg Extenders Market. The Middle East and Africa’s market is showing very little growth, the reason for which is the presence of various social and economic restrain. The objective of the report is to present a comprehensive analysis of the global Egg Extenders market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Egg Extenders market dynamics, structure by analyzing the market segments and Project the global Egg Extenders market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Egg Extenders market make the report investor’s guide.Global Egg Extenders Market Scope: Inquire before buying
