Food Binders Market

Food Binders Market is predicted to witness a promising growth over the upcoming years, driven by the increasing demand for ready to eat and packaged food products.

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Major Food Binders Market Drivers

Growing demand for ready to eat and packaged food products due to the increasing disposable income, along with the improving lifestyle of consumers are driving the growth of the global food binders market. The other factors supporting the growth of the food binders market include rapid urbanization, changing consumption patterns of the consumers, the rising influence of western culture, and the growing demand for instant processed food across the globe. The rising trend of fast food culture due to the hectic and busy lifestyle of consumers will bolster the growth of the global food binders market. The major factors propelling the Food Binders Market includes growing demand for packaged food products, increasing number of fast-food chains, restaurants and hotels and increasing popularity of sports nutrition products around the world. As per the report published by Bloomberg, the Global Packaged Food Products Market is projected to generate USD 34,434.6 million and projected to grow at a CAGR of 6.03% CAGR over the forecast period (2022-2030), which will boost the Food Binders Market size in the approaching years. The growing use of food-binder in a large-scale, has encouraged leading players to introduce new product such as non-sweet food binders, which will offer enormous opportunities for the market. For instance, in Aug 2018, Archer Daniels Midland, a U.S. based food processing company, filed a global patent for its product Vegefull, the edible bean blends which will be used as a non-sweet food binder in protein, nutrition bars, granola, snack pieces, and cereal clusters.

The increasing demand for food products that are not derived from meat but resemble meat and meat products, in which food binders is an important ingredient in meat substitutes, will further boost the market growth of the global food binders market. Furthermore, food binders are being increasingly applied in various application due to its texture and viscosity improvement properties without hampering its nutritional content of the end product. This factor will further propel the market growth in the coming years. In addition to this, the hectic lifestyle of the working population has increased the consumption of fast food and packaged foods as it requires less preparation time. However, the growing vegan population may hamper the demand of the products which are derived from animal sources such as Gelatin.

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Source Segment Analysis

Based on the Source, Hydrocolloids segment is predicted to witness a higher CAGR over the forecast period. The hydrocolloids segment is driven by water-binding properties, which are added to edible products. The segment is further segmented into xanthan gum, agar agar, guar gum, carrageenan, pectin, and cellulose gum, which are used in various food applications to enhance the shelf life of products, thereby driving the growth of the hydrocolloids segment. The exceptional water-binding properties added to the edible products will strengthen the segment growth. Furthermore, increasing application of hydrocolloids in many food application through thickening and gelling agents to improve their shelf life has augmented the segment’s growth.

Application Segment Analysis

Based on the Application, Meat Products & Meat Analogs segment is projected to grow at a higher CAGR over the forecast period due to the growing demand for meat substitutes/analogs driven by the inclination of consumers towards environmental sustainability and animal welfare. In addition to this, food binders are an essential ingredient in meat substitute products, which is supporting the market growth.

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Regional Analysis

Based on the region, Asia-Pacific region is expected to grow at a higher CAGR in the global food binders owing to the increasing urbanization, rising per capita income, and the growing demand for high protein content products among consumers. Furthermore, the rising awareness regarding the usage of food binders in the various applications will have a positive impact on market growth. Growing demand for food binders in various countries such as Japan, India and South Korea, will also bolster the market growth in the Asia-Pacific region.

North America is predicted to hold a larger share over the forecast timeframe, owing to the growing emphasis toward sports and physical exercise. Growing demand for sports nutrition and energy drinks to boost the stamina in which food binders is utilized, in turn is augmenting the product demand. Furthermore, increasing consumption of meat alternatives along with dairy products is expected to significantly contribute to the business landscape.

Various notable players operating in the market, include, Cargill, Archer Daniels Midland Company, Dupont, Tate & Lyle, Bavaria Corp, Nexira, Deosen Biochemical Ltd, Fufeng Group, Ingredion, and Roquette Ferres SA., among others.

 Key Developments: 

• • In 2020, Ingredion launched three organic native starches i.e., Purity Bio 301 organic native tapioca starch, Purity Bio 201 organic native corn starch, and Purity Bio 85 organic native waxy rice starch for US and Canada. These organic native starches can be used in various food applications.

The global Food Binders market has been segmented on the basis of Source, Application, and regions. Based on Source, the market is segmented into Plant-based and Animal-based. Based on Application, the market is segmented into Meat Products and Meat Analogs, Bakery, Confectionery, Dairy, Processed Foods, Sports Nutrition Products, Beverages, and HoReCa.

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Market Segmentation

Global Food Binders Market by Source

• • Plant-based
    • Hydrocolloids
      • Guar Gum
      • Pectin
      • Cellulose Gum
      • Xanthan Gum
      • Agar Agar
      • Carrageena
    • Starch
      • Potato
      • Corn
      • Tapioca
  • Animal-based
    • Whey
    • Gelatin

Global Food Binders Market by Application

• • Meat Products and Meat Analogs
  • Bakery
  • Confectionery
  • Dairy
  • Processed Foods
  • Sports Nutrition Products
  • Beverages
  • HoReCa

Global Food Binders Market by Region

• • North America Food Binders Market (Option 1: As a part of the free 25% customization)

    • By Source
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Food Binders Market (Option 2: As a part of the free 25% customization)

    • By Source
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Food Binders Market (Option 3: As a part of the free 25% customization)

    • By Source
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Food Binders Market (Option 4: As a part of the free 25% customization)

    • By Source
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Food Binders (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cargill
  • Archer Daniels Midland Company
  • Dupont
  • Tate & Lyle
  • Bavaria Corp
  • Nexira
  • Deosen Biochemical Ltd
  • Fufeng Group
  • Ingredion
  • Roquette Ferres SA