Food Binders Market Size, Rising Impact of COVID-19, Key Trends, Business Opportunities, Insights, Sales Growth, Production & Demand Analysis 2026
The Food Binders market is anticipated to observe a growth rate of 6% over the forecast timeframe. The plants, and animals are the prime source for food binders.
Dallas, United States – April 27, 2021 /MarketersMedia/ —
The global Food Binders market size is anticipated to reach around USD 2 billion by 2025. Food binder is a substance which is added with food to attain thickness and texture in the edible items. These binders enhance the quantity and mass of food without hindering its nutritional value. The rising trend for fast food across the globe along with growing fast-food chains is stimulating the industry upsurge. Growing adoption toward instantly processed food coupled with changing lifestyles and increasing inclination toward palatable food across restaurant is augmenting the product demand.
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Increasing growth witnessed by the food and beverage industry, packaging and consumer goods industry is observed to have a considerable impact on the Food binders market. There is a surge in demand for convenient products, packaged and ready to eat or instant food products mainly due to the rising disposable income coupled with purchasing power and a fast-paced lifestyle globally is boosting the demand for utilization of binding agents in food and beverage industries. Food binders are popularly used for their ability to improve texture and viscosity and is therefore used in processing of various products such as candies, jams, jellies and cheese which is a positive influence on the market growth.
The market for food binders is segmented based on a variety of factors including source which comprises of a sub-segmented bifurcating the sources into plant derived and animal derived food binders. The plant derived food binders vary in nature for instance they are either starch or hydrocolloids. Starch form of plant source used to derive food binders segment include tapioca, potato and corn whereas hydrocolloid form of plant sources used to derive food binders include guar gum, xanthan gum, pectin, agar agar, cellulose and carrageenan. Animal sources of food binders include gelatin, egg white and whey.
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The food binders possess various applications starting from sports nutrition, bakery and confectionary, beverages, sauces and dressings, dairy and frozen desserts, processed food and meat products. Food binders are popularly added to sports supplements and other formulations due to their cohesive nature. Their main objective is to hold together constituents in a tablet and liquid formulations. Application of food binders in the meat industry as a market is expected to grow substantially over the next few years with added benefits of prevention of fat clumping as it provides water retention due to its affinity to water.
Asia Pacific is expected to witness massive growth in terms of food binders market globally specifically within countries like India, South Korea and Japan owing to the increasing growth and developments in the fields of consumer goods and retail. Along with this, these regions are currently undergoing rapid urbanization, improvisation of distribution channels such as convenience stores and hypermarkets is positively affecting the confectionary industry thereby boosting the growth of the global food binders market. Besides, the food binders market in North America is observed to play a dominant role typically involving countries such as Mexico, Canada and U.S.
North America is expected to hold a significant share over the forecast timeframe. Rising health awareness leading to shifting focus toward sports and physical exercise is driving the industry size. Increasing 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, rising consumption of meat substitutes along with dairy products is expected to significantly contribute to the business landscape.
The leading players operating across the global Food Binders market include DSM, Bavaria Corp, ADM, Ingredion, Advanced Food Systems, Cargill, and Nexira, including others. The industry for Food Binders constitutes established global players along with growing rising presence of emerging companies. In addition, the companies are focusing toward expanding their market penetration through adoption of inorganic growth strategies.
Segment overview of Food Binders market
Source Overview, 2018-2025, (USD Million and kilotons)
Animal
Whey
Gelatin
Egg White
Others
Plant
Hydrocolloids
Guar Gum
Pectin
Cellulose Gum
Xanthan Gum
Agar Agar
Carrageen
Starch
Potato
Corn
Tapioca
Application Overview, 2018-2025, (USD Million and kilotons)
Beverages
Bakery & Confectionery
Dairy & Frozen Desserts
Sports Nutrition
Sauces & Dressings
Processed Food
Meat Products
Others
Regional Overview, 2018-2025, (USD Million and kilotons)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
Italy
France
Rest of Europe
Asia Pacific
China
India
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America
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