The global Food Binders market size is expected to reach close to USD 5.67 billion by 2029 with an annualized growth rate of 3.67% through the projected period.
Food binders are additives that are added to edible items to enhance texture through binding together or thickening of the food ingredients. These food fillers possess characteristics owing to which, mass and quantity of a food product could be enhanced without impacting the food nutritional value. These food binders further maintain their shape and avoid oil separation in various confectionary products such as confectionary fillings and chocolate spread.
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. The plant-based food binders comprise of gums that are obtained through the boiling process of plants. Further, animal-based binders are produced by deploying boiling process for hooves, animal skin, and bones. The products find application in bakery items, dairy products, processed food, beverages, and other food products.
Increasing demand for ready to eat and packaged food products owing to improving lifestyle and rising middle class incomes is anticipated to boost the demand for binding agents across food & beverage industry. Its viscosity & texture improving characteristics find its applications across multiple processed edible products such as candies, jams, cheese, and jellies, which in turn is driving the industry size.
Key Segment Of The Food Binders Market
By Type, 2022-2030 (USD Million)
• Wheat Gluten
By Livestock, 2022-2030 (USD Million)
Regional Overview, 2022-2030 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
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. Its adhesive properties which bind ingredients together and enhances volume and mass without deterring its nutritional value is proliferating the product adoption. Although, rising health concerns pertaining to excess use of food binder is expected to hamper the industry growth. However, ongoing research & development activities across the product to improve its characteristics as well as minimum impact on health is expected to catapult the business outlook over the forecast timeframe.
On the basis of the type segment, the market is categorized into animal and plants. The animal segment is bifurcated into whey, gelatin, egg white, and others and plant segment is divided into hydrocolloids, which is fragmented into guar gum, pectin, cellulose gum, xanthan gum, agar agar, and carrageenan, and starch is segmented into potato, corn, and tapioca. The plant segment is anticipated to gain a significant growth for the forecast period 2019-2025.
Based on application, the segment is divided into beverages, bakery & confectionery, dairy & frozen desserts, sports nutrition, sauces & dressings, processed food, meat products, and others. The meat products segment is analyzed to hold a significant share over the forecast timeline owing to rising product demand across developing countries.
In 2018, Asia Pacific is analyzed to hold a significant share on the basis of regional share and similar trend is anticipated to follow over the forecast timeframe. Growing urban population along with increasing distribution channels such as hypermarkets and convenience stores is augmenting the product demand. Rising middle class income along with surging adoption of processed food and escalating penetration of fast food chain store is stimulating the industry growth.
The leading players operating across the global Food Binders market include Bavaria Corp, ADM, DSM, Advanced Food Systems, Nexira, Ingredion, and Cargill including others. The market for Food Binders is consolidated with established global players and is further witnessing the emergence of new companies. Moreover, the industry players are targeting toward enhancing their market share through implementation of merger & acquisition, collaborations growth strategies.