EGG REPLACEMENT INGREDIENTS MARKET ANALYSIS

Egg Replacement Ingredients Market, By Ingredient (Starch, Milk Protein Formulation, Soy Products, Algal Flour, Proteins, Others), By Application(Chocolates, Biscuits & Cookies, Cakes/Pastries/Muffins/Bread, Mayonnaise, Noodles & Pasta), By End user (Commercial (Large Scale Food Manufacturers, Small Scale Food Manufacturers), Household), By Form (Liquid, powder), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Global Egg Replacement Ingredients Market: Recent Developments

In January 2020, Noblegen INC launched the Whole Egg Powder Vegetable under the Unite brand

In December 2021, the U.K.-based food and beverage company Tate & Kyle, which is headquartered in London acquired the leading stevia ingredients corporation "Sweet Green Fields" which is based in Bellingham, Washington. Tate & Kyle commenced its partnership with a Washington-based leaf extract firm back in 2017 and with the acquisition of 15% shares in 2018.
In July 2021, Canada-based plant food company Nabati Foods made pure vegan eggs by making use of lupin beans the yellow-colored legume seeds consumed as snack food in Latin America. The eggs are named Nabati Plant Eggz. The company is also filing patents for its newly fabricated product in three different countries US, Canada, and Australia. The product also includes high levels of protein, fiber, vitamin B12, vitamin E, and Vitamin A. Additionally, the said product would be free from soy gluten, which allows itself to position differently than the counter products.

April, 2021, During the next five years to grow its company and establish a global footprint. Evo Foods, a manufacturer of egg substitutes with headquarters in Mumbai, raised Rs 6.2 crores in its initial round of pre-seed financing. Major investors are the founder of “Beach House Group” Shaun Neff, Anil Advani (founder of Inventus Law), Sweden’s Kale United, etc.