Glanbia Plc (Ireland) and Corbion (Netherlands) are the Key Players in the Egg Replacers Market

MARKETSANDMARKETS PRESENTS Glanbia Plc (Ireland) and Corbion (Netherlands) are the Key Players in the Egg Replacers Market

Introduction The egg replacers market is projected to grow at a CAGR of 6.2% from 2017 to 2022, to reach a projected value of USD 1283.0 Million by 2022. Egg replacer products have become prominent in the recent years, due to the outbreak of avian flu in major regions such as North America and Europe.

Asia-Pacific is projected to be the fastest-growing market for the period considered for this study, due to an increase in demand for egg replacers in bakery and savory industries in this region and low cholesterol characteristic offered by egg replacers. China is expected to lead the market for egg replacers in the Asia-Pacific region for the next five years, as a result of growth in cardiovascular diseases and growth in concerns towards adverse effects of eggs. Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=206833920

Key Players • Cargill (U.S.) • E. I. du Pont de Nemours and Company (U.S.) • Kerry Group (Ireland), MGP Ingredients (U.S.) • Glanbia Plc (Ireland) • Corbion (Netherlands) • Ingredion Incorporated (U.S.) • Florida Food Product (U.S.)

Archer Daniels Midland Company (ADM) (U.S.) is one of the kay market participants in the egg replacers market.

The company has an excellent end user coverage as egg replacers provided by this company are utilized in various food industries such as savory, bakery, and confectionery. Acquisition is the key strategy adopted by this company, which aided ADM to maintain its position in the egg replacers market. For instance, in February 2016, ADM purchased a controlling stake in Harvest Innovations (U.S.), which helped ADM to strengthen its existing product portfolio and offer customers better service and fulfil their needs.

Another leading and important player in the egg replacers market is Kerry Groups (Ireland). It has strengthened its product portfolio by offering cost-effective and multifunctional egg replacers. The company has a robust distribution network and supplies its products across several countries in the world. New product development has been witnessed to be a major strategy adopted by this company. For instance, in January 2017, Kerry Group introduced an egg substitute called Hyfoama in response to the increase in the prices of eggs and to provide bakery manufacturers with cost-effective egg substitutes.

Other prominent companies in the egg replacers market are Glanbia Plc (Ireland) and Corbion (Netherlands), which have various and multifunctional egg replacer products in their portfolio. These companies successfully adopted new product launches as a key strategy to meet the rapidly growing demand for egg replacers. In 2015, Corbion developed and launched four different egg replacer products to offer food producers with cost effective and multifunctional solution for egg substitutes.

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