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 population across the globe leading to surge in demand for different types of food has fueled the product adoption owing to its suitability with multiple food products. It is primarily obtained from two sources, which include animals and plants.
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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.
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.
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Food Binders market, the market is categorized into beverages, bakery & confectionery, dairy & frozen desserts, sports nutrition, sauces & dressings, processed food, meat products, and others on the basis of application. The processed food segment is analyzed to grow at a CAGR of around 5% over the forecast timeline. The growth of this segment is primarily contributed to rising demand for packaged food and sustained nutrients is poised to catapult the segment growth.
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.
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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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