Egg Replacement Ingredients Market Is About To Lay A Lucrative Opportunity As Zx Ventures And Clara Foods Team-Up To Develop A Substitute Egg Protein

Egg Replacement Ingredients Market

 It is a common practice to use egg substitutes for the same purpose - dietary purposes. There are several reasons why one might want to replace one's daily egg intake with something else, one of them being a diet plan. However, there is more to egg replacement ingredients than just a few choices for taste. A brief look at some of their more interesting characteristics gives insight into the reasons why they are popular among dieters. They are also among the most widely used food products in the country. The egg replacement ingredients market is likely to experience a hike in the light of rising preferences of plant-based ingredients, which is leading the market players to develop such products. In April 2021, ZX Ventures set-up a R&D facility in collaboration with a protein producing company, Clara Foods, to develop a reliable, plant-based egg protein “brewed” through fermentation.

The European region is showing fruitful signs for the egg replacement ingredients market with the growing vegan population. Similarly, the rising concerns over the nutritional diet are accommodating the egg replacement ingredients market in the North American region.

Due to the many health benefits that come with eating eggs, egg replacement ingredients' sales have grown steadily over the years. The growth is significant considering that the sales volume for other high-calorie food products have been flat or even decreased during certain times in the past. Market penetration is very high considering the relatively limited number of health-conscious people who eat eggs on a regular basis. As such, competition in the egg market has naturally been very tight and very profitable. This means that producers tend to keep prices as competitive as possible given the limited number of competitors in the market. The egg replacement ingredients market is majorly driven by the increasing consumption of animal-free ingredients due to their nutritional advantages over dairy products.

Considering the change in preference of the consumers towards egg replacement ingredients, market players are focused on developing egg products. In May 2021, the meat alternative provider, SavorEat had established a new subsidiary EGG’N’UP, to replace eggs without affecting their nutritive value and taste.

While egg replacement ingredients have certain benefits to eggs, they will never be able to completely replicate the flavor of an egg. The big stumbling block for the egg replacement ingredients market is consumer demand for the true flavor of an egg.

Location: India

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