Middle East And Africa Egg Replacers Market
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<strong>Middle</strong> <strong>East</strong> <strong>And</strong> <strong>Africa</strong> <strong>Egg</strong> <strong>Replacers</strong> <strong>Market</strong> to Reach $91.6 Million<br />
by 2021<br />
<strong>Middle</strong> <strong>East</strong> and <strong>Africa</strong> <strong>Egg</strong> <strong>Replacers</strong> <strong>Market</strong> is worth USD 76 million in 2016 and<br />
estimated to grow at a CAGR of 3.816%, to reach USD 91.6 million by 2021. The <strong>Middle</strong><br />
<strong>East</strong> and <strong>Africa</strong> <strong>Egg</strong> <strong>Replacers</strong> market is developing at an exceptionally quick pace.<br />
<strong>Egg</strong> replacers help in the replacing or reducing egg content in foods without changing the<br />
taste and look of the final item. These ingredients have extensive use in variety products<br />
like cakes, muffins, mayonnaise, chocolates, custard, ice-cream, and cookies etc. Most of<br />
these products are without any animal products, and hence are vegan and contain no<br />
cholesterol. There are also homemade substitutes like tofu, a variety of fruits, potato starch,<br />
mashed potato, baking powder, ground seeds, agar powder, chickpea flour etc.<br />
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The significant driver is rising consumer awareness towards preventative healthcare and an<br />
inclination towards products with low cholesterol levels. Also change in lifestyles and rise in<br />
awareness of consumers regarding healthy eating habits, increase in adoption of a vegan<br />
diet, and avian flu outbreak developed and developing nations is boosting the industry. Also<br />
growing food and beverage industries are further expected to boost this industry.<br />
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<strong>Market</strong> Segmentation<br />
Source<br />
Introduction<br />
Plant<br />
Animal<br />
Form<br />
Introduction<br />
Dry<br />
Liquid<br />
Application<br />
Introduction<br />
Bakery & Confectionery<br />
Savories<br />
Sauces, Dressings, and Spreads<br />
Others
Ingredients<br />
Introduction<br />
Dairy Protein<br />
Starch<br />
Algal Flour<br />
Soy-Based Products<br />
Others<br />
The <strong>Middle</strong> <strong>East</strong> and <strong>Africa</strong> <strong>Egg</strong> <strong>Replacers</strong> market is segmented on the basis of Application,<br />
Ingredients, source, form and region. Based on application the market is segmented into<br />
Bakery & confectionery, Savories, Sauces, dressings & spreads and others. The bakery &<br />
confectionery segment is estimated to dominate the egg replacers market in 2017. Based<br />
on Ingredients the market is segmented into Dairy proteins, Starch, Algal flour, Soy-based<br />
products, and others. Dairy protein is estimated to be the largest segment in egg replacers<br />
market in 2017. Based on Source the market is segmented into Plant and Animal. Based on<br />
Form the market is segmented into Dry and Liquid. Dry egg replacers accounted for the<br />
largest market share in 2016.<br />
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Geographically, market is further segmented into <strong>Middle</strong> <strong>East</strong> and <strong>Africa</strong>. <strong>Middle</strong> <strong>East</strong> and<br />
<strong>Africa</strong> has an untapped market and key players are slowly expanding to this region which is<br />
the main reason for the growth of market in this region.<br />
Archer Daniels Midland Company (U.S.), Glanbia Plc (Ireland), Kerry Group (Ireland),<br />
Cargill (U.S.), Ingredion Incorporated (U.S.), and Corbion (Netherlands) Company are the<br />
leaders in the <strong>Middle</strong> <strong>East</strong> and <strong>Africa</strong> <strong>Egg</strong> <strong>Replacers</strong> market.<br />
Scope of The Report:<br />
• Regional and country-level analysis and forecasts of the study market; providing<br />
Insights on the major countries/regions in which this industry is blooming and to<br />
also identify the regions that are still untapped<br />
• Segment-level analysis in terms by type, packaging and meat type along with<br />
market size forecasts and estimations to detect key areas of industry growth in detail<br />
• Identification of key drivers, restraints, opportunities and challenges (DROC) in the<br />
market and their impact on shifting market dynamics<br />
• Study of the effect of exogenous and endogenous factors that affect the Regional<br />
market; which includes broadly demographic, economic and political, among other<br />
macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an<br />
Industry, using Porter’s five forces analysis for analyzing the level of competition<br />
and business strategy development<br />
• A comprehensive list of key market players along with their product portfolio,<br />
current strategic interests, key financial information, legal issues, SWOT analysis and<br />
analyst overview to study and sustain the market environment<br />
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations<br />
in the field along with new product launches, comparative financial studies and<br />
recent developments in the market by the major companies<br />
• An executive summary, abridging the entire report in such a way that decisionmaking<br />
personnel can rapidly become acquainted with background information,<br />
concise analysis and main conclusions<br />
• Expertly devised analyst overview along with Investment opportunities to provide<br />
both individuals and organizations a strong financial foothold in the market<br />
About Us:<br />
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corporate clients. Our analyst team comprises expert professionals in market research, who with their collective<br />
knowledge and sksillset dedicatedly serve clients from various industries and regions.<br />
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