Global Food Binders Market Report and Forecast 2024-2032

Global Food Binders Market Outlook

The global food binders market is expected to grow at a CAGR of 4.8% between 2024 and 2032 to reach a value of about USD 11.77 billion by 2032, driven by increasing demands for packaged and ready-to-eat foods.

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Key Trends in the Market

Food binders are known as food additives that are added to any food product with the intent of enhancing the texture by binding or thickening the ingredients together. The food and beverage industry uses food binders that have an extended shelf-life whereas households prefer binders that are easily accessible. Eggs are considered among the most commonly used food binders in household kitchens.

The increasing demand for ready-to-eat and packaged food products is expected to drive the food binders market across the globe owing to changing lifestyles and increasing disposable incomes. This is further expected to increase the utilisation of binding agents in the food and beverage industry.

With the increasing usage of food binders in liquid formulations and sports supplements due to their cohesive nature, the market growth of food binders is expected to escalate.

An upsurge in the number of fitness centres along with various health clubs is likely to boost the market growth of food binders due to surging health awareness among consumers. This is further expected to positively impact the nutraceutical industry across the globe over the coming years.

Market Analysis

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Based on source, the food binders market can be segmented into animal based, plant based, and hydrocolloids. On the basis of type, the market is categorised into sugar type, starch type, and protein type. Based on application, the market is categorised into bakery and confectionary, beverages, dairy and frozen desserts, sports nutrition, sauces and dressing, and meat products, among others. The regional markets can be divided into the North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global food binders market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Tate & Lyle PLC

• Archer Daniels Midland Company

• Ingredion, Inc.

• DuPont de Nemours, Inc.

• CP Kelco (Huber)

• Roquette Frères

• Gelita AG

• Nexira

• Others

Market Share by Source

The plant based segment is expected to gain momentum in the food binders market at a global level on account of the growing trend for vegetarian diets and veganism. As more consumers focus on the detailed ingredients used in foods they purchase and consume, there is growing demand for entirely vegetarian or vegan foods, fuelling the plant based segment growth the market of food binders across the globe. The nutritional advantages of plant based food binders are further expected to positively influence consumers and enhance the demand for the plant based segment in the market. 

Market Share by Region

Geographically, the Asia Pacific region is expected to augment the food binders market on account of the rapid urbanisation and surging demand for convenience foods. With globalisation of various food and beverage brands, there is increasing demand in countries such as India and China for items that are popularised on social media in other countries. Food binders help in enhancing the taste of new products for regional markets, as well as extending the shelf life for long distance transportation.  

Meanwhile, the North American region is projected to propel over the forecast period on account of the strong foundation of the food and beverage manufacturing industry in the region and large volume of packaged food production.

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Competitive Landscape

Tate & Lyle PLC is a global leading company in ingredient solutions for healthier food as well as beverages. The company aims to transform lives with help of food science along with technical capabilities and deep knowledge about the food and beverage industry.

Archer Daniels Midland Company is a leading nutrition company across the globe for both animals and humans. The company unlocks the strength of nature, transforming crops into ingredients and solutions for beverages, foods, and supplements for consumers across the globe. It offers a full variety of services and solutions for aquaculture, pets, and livestock. 

Ingredion, Inc. provides solutions required to produce delicious and improved products for food and beverage producers. Its taste, insights, sensory science, and texture experts aid in removing formulation barriers and rapidly meet evolving consumer demands. 

Other market players include DuPont de Nemours, Inc., CP Kelco (Huber), Roquette Frères, Gelita AG, and Nexira, among others.

Key Highlights of the Report