Global Food Binders Market, By Livestock (Poultry, Ruminants, Swine and Other Animals), Source (Plant, Hydrocolloids Animal), Application (Meat Products and Meat Analogues, Bakery, Confectionary, Dairy, Processed Foods, Sports Nutrition Products, Beverages and Horeca), Product (Closed System and Open Source) – Industry Trends and Forecast to 2030.
Food Binders Market Analysis and Size
The food binders market is anticipated to witness substantial growth during the forecast period. Food binders play a significant role in fast foods for improving the viscosity and texture of the food products. Moreover, shift in focus of consumers toward instantly processed and convenient food, due to busy lifestyles, and the increasing westernization of food dishes has led to increasing demand of binders. Also, increasing usage of food binders in sports supplements and liquid formulations owing to their cohesive nature enhances the market growth of food binders during the forecast period.
Data Bridge Market Research analyses that the food binders market is expected to reach USD 13.12 billion by 2030, which is USD 7.41 billion in 2022, registering a CAGR of 7.40% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Food Binders Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Livestock (Poultry, Ruminants, Swine and Other Animals), Source (Plant, Hydrocolloids Animal), Application (Meat Products and Meat Analogues, Bakery, Confectionary, Dairy, Processed Foods, Sports Nutrition Products, Beverages and Horeca), Product (Closed System and Open Source)
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Countries Covered
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U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)
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Market Players Covered
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Tate & Lyle (U.K.), Visco Starch (U.S.), Alltech (U.S.), Dupont (U.S.), BASF SE (Germany), ADM (U.S.), Cargill Incorporated (U.S.), FMC Corporation (U.S.), Darling Ingredients (U.S), Gelita AG (Germany), CP Kelco (U.S.), Avebe (Netherlands), Emsland Group (Germany), Borregaard AS (Norway), DSM (Netherlands), Kemin Indistries, Inc. (U.S.), Bluestar Adisseo Co., Ltd. (China), Advanced Food Systems, Inc. (U.S.), Vinayak Corporation (India), Roquette Frères (France)
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Market Opportunities
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Market Definition
Food binders are also well known as food additives because they are added to any food product to improve the texture by thickening or binding the ingredients together. The food and beverage industry highly uses food binders because these binders have extended the shelf-life of the food products. Eggs are among household kitchens' most normally used food binders.
Food Binders Market Dynamics
Drivers
- Growing usage of food binders in meat analogs and meat products
Meat analogs and meat products and sector is anticipated to witness significant growth during the forecast period. Increasing demand for meat substitutes due to the rising consumer inclination toward environmental sustainability and animal welfare has increased demand for food binders. Since food binders are an essential constituent of meat substitute products, the growth in the demand for food binders is directly related to the demand for meat substitutes in the market.
- Increasing demand of ready to eat and packaged food products among consumers
Increasing demand for packaged and ready to eat food products owing to the improving lifestyle and increasing disposable income of consumers are driving the growth of the market. Food binders are being progressively used in ready to eat and packaged food products due to its viscosity and texture improvement properties without impeding the nutritional content of the end product. Therefore, increasing trend of fast food culture among consumers will bolster the growth of the food binders market.
Opportunities
- Growing new product innovation in food binders industry
Food binders being used on a large-scale in food industry, it has been witnessed that few major market players are initiating on innovation of new product such as non-sweet food binders that prove to be a feasible substitute as comparison to normal binder options including corn syrups, eggs, vital wheat gluten, and starches. For instance, Archer Daniels Midland which is a U.S. based food processing company has filed a global patent for its edible bean blends product named Vegefull in 2018. This product can be used as a non-sweet food binder in granola, snack pieces, protein, nutrition bars, and cereal clusters. Therefore, increasing new product innovation in the food binders industry will create numerous opportunities for market growth.
Restraints/ Challenges
- Changing consumers preferences and Increasing focus on quit animal-based products
Increasing consumer inclination towards the vegan ingredients based food products can hamper the demand for the collagen and gelatin that are mainly derived from animal-based sources. Moreover, social events led by non-governmental organizations are also focusing on to quit animal-based products. These factors are some of the major factors hamper the market's growth during the forecast period.
This food binders market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the food binders market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2020, Ingredion, Inc, which provides solutions required to produce improved and delicious products for food and beverage producers has, launched organic native starch such as Purity Bio 85 organic native waxy rice starch at ShIFT20 and Purity Bio 301 organic native tapioca starch. These starches may help manufacturers to replace unwanted ingredients in existing products and manufacture new products with less ingredient lists.
- In 2021, AAK, Givaudan, Ingredion and Chr. Hansen use MISTA’s Curated Collaboration to co-create a new Plant-Based yogurt Base. This plant-based yogurt base helps to accelerate the market. MISTA was created to grow the food system for the upcoming period.
Global Food Binders Market Scope
The food binders market is segmented on the basis of livestock, source, application and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Livestock
- Poultry
- Ruminants
- Swine
- Other Animals
Source
- Plant
- Starch
- Corn starch
- Tapioca starch
- Potato starch
- Hydrocolloids
- Xantham Gum
- Gaur Gum
- Agar Agar
- Pectin
- Carrageenan
- Cellulose Gum
- Animal
- Egg White
- Gelatin
- Whey
Application
- Meat Products and Meat Analogues
- Bakery
- Confectionary
- Dairy
- Processed Foods
- Sports Nutrition Products
- Beverages
- Horeca
Product
- Closed System
- Open Source
Food Binders Market Regional Analysis/Insights
The food binders market is analyzed and market size insights and trends are provided by country livestock, source, application and product as referenced above.
The countries covered in the food binders market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the food binders market in terms of revenue and market share due to increasing urbanization and growing demand for high protein content products among consumers in this region. Moreover, the increasing awareness regarding usage of food binders in various applications will have a helpful impact on growth of the market in this region.
North America is expected to be the fastest developing region during the forecast period of 2023-2030 due to increasing emphasis toward physical exercise and sports. Furthermore, increasing demand for energy drinks and sports nutrition to boost the stamina is augmenting the product demand.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Food Binders Market Share Analysis
The food binders market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to food binders market.
Some of the major players operating in the food binders market are:
- Tate & Lyle (U.K.)
- Visco Starch (U.S.)
- Alltech (U.S.)
- Dupont (U.S.)
- BASF SE (Germany)
- ADM (U.S.)
- Cargill Incorporated (U.S.)
- FMC Corporation (U.S.)
- Darling Ingredients (U.S.)
- Gelita AG (Germany)
- CP Kelco (U.S.)
- Avebe (Netherlands)
- Emsland Group (Germany)
- Borregaard AS (Norway)
- DSM (Netherlands)
- Kemin Indistries, Inc. (U.S.)
- Bluestar Adisseo Co., Ltd. (China)
- Advanced Food Systems, Inc. (U.S.)
- Vinayak Corporation (India)
- Roquette Frères (France)
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