What is the story about?
What's Happening?
Maple Leaf Foods is actively exploring egg replacers as part of its initiative to develop alternatives for baked goods. The company has achieved full egg replacement in chemically leavened products like cookies and pancakes. This move is driven by fluctuating egg prices and increasing consumer demand for plant-based and allergen-free options. The global egg replacers market is projected to grow significantly, with a forecasted value of $3.3 billion by 2029. Companies like Beneo and Corbion are offering innovative solutions using plant-based proteins such as fava beans and chickpeas to mimic the functional properties of eggs in various applications.
Why It's Important?
The shift towards egg replacers is significant for the food industry as it addresses both economic and consumer trends. Rising egg prices and the demand for plant-based diets are pushing companies to innovate and offer alternatives that maintain the taste and texture of traditional products. This trend not only supports sustainability but also caters to dietary restrictions, potentially expanding market reach. Companies that successfully develop effective egg replacers can gain a competitive edge in the growing market for plant-based foods.
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