Polaris Market Research conducted a comprehensive research study spanning over [+110] pages, revealing that the global flaxseed based egg market size/share was valued at USD 7,084.13 Million in 2022. The study further indicates that the market will grow at a compound annual growth rate (CAGR) of 6.4% and is projected to touch USD 13,198.25 Million By 2032. The pet food segment is anticipated to grow at a significant CAGR over the forecast period. Manufacturers of pet food are adding flaxseed meals to their products since research has shown that it is good for the health of horses, cats, and dogs. Some of the top market leaders are All Organic Treasures, Cargill, Clearspring, Fiberstar, Glanbia PLC, Leader Foods, and MGP Ingredients.
New York, NY, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Polaris Market Research has published a new research report titled “Flaxseed Based Egg Market Share, Size, Trends, Industry Analysis Report, By Type (Golden Flaxseeds and Brown Flaxseeds); By Application; By End-Use; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” in its research database.
“As per the latest research analysis, the global flaxseed based egg market size/share will be valued at roughly USD 7,084.13 Million in 2022, and its revenue is projected to reach about USD 13,198.25 Million By 2032. The market is forecasted to expand at a compound annual growth rate of approximately 6.4% between 2023 and 2032.”
Flaxseed Based Egg Market: Report Overview
Flax seeds, called linseeds or common flax, are tiny oil seeds invented in the Middle East thousands of years ago. These seeds add a nutty taste to dishes and contain nutrients like fiber, heart-healthy fats, key vitamins, plant protein, and minerals. Also, flaxseed eggs make an excellent egg substitute and are ideal for vegan baking and cooking.
A flax egg is a widespread alternative for people with egg allergies and vegans. It's completely plant-based, gluten-free, dairy-free, and nut-free, making it a fantastic choice for people following egg-free diets. Also, numerous health advantages of flaxseed-based eggs propel the flaxseed based egg market expansion in the upcoming years. Omega-3 fatty acids, fiber, and alpha-linolenic acid (ALA) are a few of the health advantages of eggs made from flaxseed. It is a fat substitute in recipes, increasing the demand for flaxseed-based eggs.
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Some of the Top Market Leaders Are:
- All Organic Treasures
- Cargill Inc.
- Danone Nutricia
- Florida Food Products
- Fiberstar, Inc.
- Glanbia PLC
- Leader Foods
- MGP Ingredients
- Omega Protein
- Sunnyville Farms
- TA Foods
- Tate & Lyle
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Flaxseed Based Egg Market: Report Scope
|Revenue Forecast in 2032||USD 13,198.25 Million|
|Market size value in 2023||USD 7,526.17 Million|
|Expected CAGR Growth||6.4% from 2023 - 2032|
|Forecast Year||2023 – 2032|
|Top Market Players||All Organic Treasures, Cargill, Clearspring, Fiberstar, Glanbia PLC, Leader Foods, and MGP Ingredients|
|Segments Covered||By Type, By Application, By End-Use, By Distribution Channel, By Region|
|Customization Options||Customized purchase options are available to meet any research needs. Explore customized purchase options|
Prominent Growth Driving Factors
Rising concern about environment and animals: Because farm animals contribute to the greenhouse effect and people's concerns about the environment and animals are growing due to socialization and upbringing, veganism is becoming increasingly fashionable. Also, the excessive usage of animal farming is required because of the increased demand for meat from animals. Increasing vegan food consumption lowers greenhouse gas emissions by removing the need for excessive animal production.
Egg alternative: Flaxseed based egg components promote egg content decrease without affecting the product's appearance or flavor. These egg substitutes contain several ingredients, such as milk and modified food starch. As consumer preferences for egg alternatives changed, manufacturers began to produce them. As a result, the demand for flaxseed-based eggs and the desire for vegan diets are developing quickly, fueling the flaxseed based egg market growth.
Negative effects of eggs: Children with egg allergies may experience symptoms such as anaphylaxis, which can disrupt breathing and cause the body to go into shock. These are the main drawbacks of eggs, which have caused people to switch to vegan eggs made from flaxseeds instead. Adoption of flaxseed based eggs can both give protein and help kids with their challenges. The market for flaxseed based eggs is projected to rise due to these significant factors.
Top Finding of the Report
- The market is growing due to veganism's growing appeal as public awareness of the environment grows. A plant-based egg is also one of the technological advancements for plant-based alternatives.
- The flaxseed based egg market segmentation is primarily based on application, type, distribution channel, end-use, and region.
- Asia Pacific is expected to witness the fastest growth during the forecast period.
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Top Trends Influencing the Market
Egg substitute: Water and the soluble fiber in flaxseeds combine to form a sticky gel that imitates egg whites. This makes it easier for ingredients to bind together, producing a smooth batter for vegan bread and cookie recipes that need flour. The market for flaxseed based egg substitutes is expanding rapidly as a result. The introduction of several avian diseases like bird flu, which have cut egg demand and encouraged many people to use flaxseed based egg alternatives, has also made this easier.
Increased vegan population: For various reasons, including dietary choices, allergies, environmental concerns, and ethical considerations, consumers may choose an alternative to eggs, expanding the flaxseed based egg market demand. Up to 2% of children have an egg allergy, according to research from the American College of Allergy, Asthma, & Immunology. Fortunately, data shows that over 70% of children under 16 have egg allergies.
The Ground Flaxseed Sector Witnesses Fastest Growth
The market for ground flaxseed is estimated to increase at the quickest rate throughout the anticipated period. Over the forecast period, the increased use of flaxseed as a nutritional supplement is one of the key factors driving the flaxseed based egg market. Ground flaxseed lowers the risk of stroke, diabetes, heart disease, and cancer. Omega-6 and omega-3 fatty acids and other nutrients enhance physiological functionality.
Moreover, seeds promote hair development and have anti-allergic qualities. Consuming ground flaxseeds also helps to improve neurological processes and reduce depression. All of these components might help the flaxseed business have a growth surge in the future.
Bakery Accounts for the Significant Market Share
Due to the availability of some essential lipids, amino acids, and proteins in flaxseed, its demand is increasing in industrialized countries. The United States is one of the top consumers globally because of the expanding public knowledge of the health advantages of flaxseed. Also, flaxseed is growing in popularity among people concerned about weight because of its high fiber content.
Furthermore, flaxseed's growing use in breakfast cereals, bakery goods, and energy bars is predicted to propel segment growth. Bakery product makers use flaxseed flour more frequently in their baked goods to enhance their nutritional content and sensory qualities. This should provide flaxseed based egg market size growth potential for the anticipated period.
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Asia Pacific: Because egg-based substitutes have low cholesterol levels and a growing demand for them in bakeries and other areas of the economy, the flaxseed based egg market in the Asia Pacific region is expected to develop at the quickest CAGR during the forecast period. Also, China is now receptive to using egg-based alternatives in recipes due to CVDs and growing worries about the negative effects of eggs.
Browse the Detail Report “Flaxseed Based Egg Market Share, Size, Trends, Industry Analysis Report, By Type (Golden Flaxseeds and Brown Flaxseeds); By Application; By End-Use; By Distribution Channel; By Region; Segment Forecast, 2023 - 2032” with in-depth TOC: https://polarismarketresearch.com/industry-analysis/flaxseed-based-egg-market
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- A cooperation between Evo Foods and Ginkgo Bioworks was made public in May 2022 to develop a method for producing egg proteins for use in Evo's products without the involvement of animals. Through its collaboration with Ginkgo, Evo aspires to produce much superior egg alternatives.
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