Food Binders Market

Global Food Binders Market Size (2024 to 2029)

Food binders' market value is expected to grow at a CAGR of 7.4% during the forecast period 2024-2029 to reach USD 11.43 billion by 2029 from 8.0 billion in 2024.

Food binders encompass a wide range of ingredients, from dairy products to fruits and vegetables. Some lesser-known examples include guar gum from legumes and xanthan gum from fermented sugar, both recognized as safe by the FDA. These binders are used in various products, improving viscosity and texture, especially in fast foods. The demand for binders has risen due to consumer preference for convenient and instantly processed foods, driven by busy lifestyles and the westernization of food choices. When cooking, binding agents like egg, gluten, agar-agar, gelatine, and starch jellies can be used, but caution should be exercised to avoid overusing them and ending up with tough and heavy results. The rise in ready-to-cook in the food industry is responsible for the food binders market during the forecast period.

The rising new product innovation in the food binders industry presents untapped opportunities in the market. Some key market players are driving product innovation by introducing non-sweet food binders as alternatives to conventional options like eggs, vital wheat gluten, corn syrups, and starches. For instance, in August 2018, Archer Daniels Midland, a food processing company headquartered in the United States, applied for an international patent for its product named Vegefull, which is a blend of edible beans. Vegefull serves as a non-sweet food binder and can be utilized in protein bars, nutrition bars, granola, snack pieces, and cereal clusters.

Global Food Binders Market Drivers:

The major factors impacting the growth of the food binder market are the growing demand for food binders in meat analogs and meat products and also the rising demand for ready-to-eat and packaged food products. The fast-paced modern lifestyle has led to a growing demand for convenient and easy-to-prepare food options. Ready-to-eat (RTE) foods, such as cup noodles, chapati, nuggets, and instant idly and dosa mixes, are particularly favored by consumers, especially youngsters. These RTE foods often contain food binders in the meat-based product. Their popularity is rising globally due to the convenience and time-saving benefits they provide. The RTE foods market is projected to reach a value of $233 billion by 2028, indicating rapid expansion and strong consumer acceptance. Additionally, meat analogs are gaining popularity among consumers seeking indulgent, healthy, environmentally-friendly, ethical, cost-effective, and innovative food options. Compared to meat, meat analogs offer advantages in terms of shelf life and food safety. Methyl Cellulose is used as a binder in their formulation, providing the product with a firm texture and helping it maintain its shape. China holds the title of the world's largest meat producer, with an annual production of nearly 90 million tons. The United States follows as the second-largest meat producer, producing approximately 47 million tons per year.

Global Food Binders Market Restraints:

The food binders market is possibly hampered by the cost of products, convenience, rising focus on plant-based products, and many other factors that influence consumer behavior. The convenience of RTE foods has sparked worries regarding their impact on consumer health. The nutritional quality of these products is being scrutinized, as some are found to be high in salt, sugar, and unhealthy fats despite their ease of access. Moreover, rising consumer preference for plant-based products over meat-based products is another factor to have a negative impact on the food binders market. For instance, in the study, U.S. participants showed stronger intentions to reduce meat consumption for animal welfare reasons compared to concerns about the environment and health and the control group. In a separate study, French participants displayed a lower willingness to eat beef when presented with an emphasis on the slaughter of a cow versus a diagram of cow meat. From the point of view of market players, these factors could be a challenge to overcome during the forecast period.

REPORT COVERAGE: 

This research report on the Food Binders Market has been segmented and sub-segmented based on source, application, and region. 

Global Food Binders Market - By Source:

• Plant-based
• Hydrocolloids
• Animal-based

Based on the source, the plant-based food binders are expected to surpass 130 kilotons by 2028. These binding agents, such as starch and soy protein, are derived from various plant parts like stems, leaves, seeds, and roots. They are utilized in processed edible products, particularly in bread and pastries, to enhance binding and increase volume, which will further drive the demand for these plant-based food binders.

Hydrocolloid-based food binders anticipate a CAGR of over 4.5% in the forecast period, attributed to their water-binding properties. Xanthan gum, guar gum, agar, pectin, carrageenan & cellulose gum are used in jellies, jams, candies, cakes, and creams, boosting the jelly and jam industry's share, which in turn will drive the food binders market.

The pectin-based food binders market is projected to record a moderate CAGR throughout the projection period. Pectin's stabilizing and gelating properties make it suitable for cheese, jams, cakes, and fruit juice powder. The rising demand for cheese in various dishes like pizza, pasta, sandwich, and noodles will drive the food binders market.

Global Food Binders Market - By Application:

• Meat Products
• Meat Analogs
• Bakery
• Confectionery
• Dairy
• Processed Foods
• Sports Nutrition Products
• Beverages
• Horeca

Based on application, the food binders market for meat products is anticipated to dominate the market during the forecast period. These binders aid in retaining water, preventing fat clumping due to their affinity for liquids. The increasing demand for meat products, driven by their high protein content, will contribute to the positive industry outlook.

The processed food application is projected to experience significant market growth in the forecast period. Potato starch, with its neutral taste, volume enhancement, and strong binding properties, is extensively used in packaged desserts, grated cheese, hot dogs, chips, and instant soups. The rising demand for packaged food products will drive the demand for potato starch, thus contributing to the industry's expansion.

Global Food Binders Market - By Region:

• North America
• APAC
• MEA
• Latin America
• Europe

Based on region, the food binders market in the Asia Pacific is expected to dominate with a 5.5% CAGR in 2022 during the forecast period. The product finds applications in chewing gums, potato chips, and candies due to its bonding properties. The region's growing urbanization and the presence of distribution channels like hypermarkets and convenience stores will positively impact the confectionery industry, stimulating demand for food binders in the region.

The North America-driven food binders market is set to record substantial market growth. In America, cohesive binding agents are incorporated into sports supplements and drinks due to their functional properties. The growing interest in sports activities in the region, driven by heightened awareness of physical fitness, will boost the demand for supplements and positively impact the food binder industry.

On the other hand, the Europe region is also expected to witness market growth same as North America for the food binders market.

The rest of the world is also expected to experience considerable growth, with a noteworthy CAGR in the forecasted period.

KEY MARKET PLAYERS:

Key Market Players of 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).

RECENT HAPPENINGS IN THE MARKET:

In 2021, AAK, Givaudan, Ingredion, and Chr. Hansen companies had utilized MISTA's Curated Collaboration platform to co-create a new plant-based yogurt base, which is expected to accelerate market growth. MISTA was established with the aim of advancing the food system in the coming period.