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

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MarketsandMarkets Presents

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

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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 _at_ https//www.marketsandmarkets.c
  om/speaktoanalystNew.asp?id206833920

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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.)

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• 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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