Increasing Adoption of Vegan Diet to Drive the Egg Replacers Market Growth

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. Also, the growth in inclination of consumers toward low fat and low cholesterol food products is fueling the demand for egg replacers, as increase in the prevalence of diseases such as cardiovascular diseases and diabetes has been seen in major Asia-Pacific countries.

The application segment of the egg replacers market is estimated to be dominated by bakery & confectionery followed by the sauces, dressings & spreads subsegment in 2017. The sauces, dressings & spreads segment is projected to have the highest growth rate as egg replacers are widely being used in these applications owing to their better emulsification and binding properties.

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The dairy protein segment is estimated to be the largest market in 2017 among all other ingredients. Dairy proteins are enriched with nutrients and offer properties similar to that of eggs. Increase in usage of dairy proteins as an emulsifier, binding, and foaming agents in various bakery, sauces and dressing applications has been driving its demand over the last few years.

Dry egg replacer is the most preferred choice of food manufacturers as compared to that of liquid ones due to the advantages such as its easy-to-handle nature, long shelf life and easy storability. Therefore, the dry segment is projected to be the fastest-growing segment during the forecast period.

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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. Nevertheless, some of the consumers are disappointed by the taste and variety of egg replacers offered in the market and have dismissive perception of taste towards their products, which may hamper the growth of this market in future.

Cargill (U.S.) is one of the key players in the egg replacers market and has a wide geographic reach along with a strong distribution network. Other prominent companies in egg replacer products are Kerry Group (Ireland), Archer Daniels Midland Company (ADM) (U.S.), Glanbia Plc (Ireland), and Corbion (Netherlands) those have a robust product portfolio in terms of egg replacer products.

Nematicides Market is Gaining Momentum Due to Better Maintenance of Soil Health to Achieve the Required Crop Yield

The nematicides market is projected to reach USD 1.43 Billion at a CAGR of 3.30% from 2016 to 2022. The nematicides market is gaining momentum due to better maintenance of soil health to achieve the required crop yield and emergence of South American countries as major contributors toward the growth of the overall nematicides market.

Browse 68 market data tables and 47 figures spread through 144 pages and in-depth TOC on “Nematicides Market - Global Forecast to 2022"

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The fumigant segment, by type, accounted for the largest market share in the nematicides market in 2015

The market for fumigant, among other types of nematicides, accounted for the largest market share in 2015. This is attributed to its larger use on high-value fresh produce crop varieties such as fruits & vegetables. Several general purpose fumigants allow better control of nematodes in soil. The efficacy is related to their high volatility at ambient temperatures. All fumigants have low molecular weights and occur as gases or liquids. As they volatilize, the gas diffuses through the spaces between soil particles; killing the nematodes effectively.

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The liquid segment, by form, is projected to grow at the highest CAGR by 2022

The nematicides market, by form, is dominated by the solid (granular or powder) form; and the liquid segment, by form, is projected to grow at the highest CAGR from 2016 to 2022. Liquid-based nematicides are cost-effective in terms of material and handling. Nematicides in the liquid form have the flexibility for more accurate and direct placement of the nematicides to the target crop.

The seed treatment segment, by method of application, is projected to grow at the highest CAGR by 2022

The seed treatment segment, by method of application, is projected to grow at the highest CAGR from 2016 to 2022. The method is less harmful as compared to chemical-based nematicides, especially on the human health and rise in the price of pesticides and fertilizers compels the farm growers to opt for newer crop protection techniques.

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Asia-Pacific is projected to be the fastest-growing region in the nematicides market from 2016 to 2022

Asia-Pacific is projected to be the fastest-growing region in the nematicides market from 2016 to 2022. This is due to the growing agricultural segment in the developing countries of the Asia-Pacific region and better crop protection techniques being adapted by the farm growers.

The key players in this market are BASF SE (Germany), Bayer CropScience AG (Germany), The Dow Chemical Company (U.S.), E.I. Du Pont De Nemours and Company (U.S.), and Monsanto Company (U.S). These players adopted mergers & acquisitions and new product launches as their key strategies. The other companies which are profiled are Syngenta AG (Switzerland), FMC Corporation (U.S.), Adama Agricultural Solutions Ltd. (Israel), Ishihara Sangyo Kaisha Ltd. (Japan), and Valent Corporation (U.S.).