Food Binders Market size exceeded USD 1.2 billion in 2018 and the annual demand is projected to surpass 200 kilo tons by 2025. Growing demand of packaged and ready to eat edible products due to increasing disposable incomes and changing lifestyle will fortify binding agents’ utilization in food & beverage industry.
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The food binders industry is impacted by the pandemic as its demand decreased significantly in the first two quarters of 2020. This is owing to closing of bakeries, fast food restaurants, and hotels, which has restricted the food binders demand. Lockdown had temporarily halted the retail stores business where mostly these products are bought, in turn, declining the industry demand. Moreover, disruption in raw materials supply has also impacted the sales of food products. Trade restrictions in countries have further impacted the import and export of food binders. Rising health concerns, changing lifestyle and decreasing per capita income is expected to decrease the demand for processed and packaged food post COVID. This factor will have a considerate impact on food binders market growth over the next few years.
|Market Size in 2018:||1.2 Billion (USD)|
|Forecast Period:||2019 to 2025|
|Forecast Period 2019 to 2025 CAGR:||5%|
|2025 Value Projection:||1.9 Billion (USD)|
|Historical Data for:||2014 to 2018|
|No. of Pages:||350|
|Tables, Charts & Figures:||500|
|Segments covered:||Source, Application and Region|
|Pitfalls & Challenges:|
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Food binders will grow significantly owing to their cohesive nature are added to sports supplements and liquid formulations. Binding agents help to hold together tablet constituents and liquid formulations. Athletes are the major consumers of sports supplements. Global sports supplements market is expected to witness substantial CAGR of over 8% through 2025. Increase in number of fitness centres and health clubs owing to growing health awareness will positively impact nutraceutical industry which will further boost the global market outlook.
Gums including xanthan gum and agar are added to sauces & dressing owing to their adhesive properties. The product also helps to achieve required consistency in sauces & dressings. Global mayonnaise business is expected to witness over 4% CAGR through 2023. Growing consumption of fast food will foster mayonnaise utilization which will boost the industry landscape.
Xanthan gums are utilized as a baking ingredient in gluten free products to provide gluten properties in them. The product provides slippery environment in human’s gut which kills healthy bacteria present in the gut. These factors lead to irritable bowel syndrome and other autoimmune diseases. Negative health effects of these gums may hamper industry profitability and food binders market price trends.
Plant based food binders market demand is set to exceed 130 kilo tons by 2025. Plant based binding agents including starch and hydrocolloids are extracted from stems, leaves, seeds, & roots of plants and are added to processed edible products. These are mixed to breads and pastries due to their binding and volume enhancing properties. Increasing bread consumption due to changing consumer preferences and busy lifestyles will foster product demand.
Hydrocolloids-based food binders is expected to register over 4.5% CAGR in the forecast timeline. Hydrocolloids are added to edible products owing to their water binding properties. The product includes xanthan gum, guar gum, agar, pectin, carrageenan & cellulose gum which have applications in jellies, jams, candies, cakes, and creams. Rising demand for new jelly flavours will fortify jelly and jam industry which will escalate the industry share.
Pectin based food binders market revenue is expected to surpass USD 170 million by 2025. The product owing to its stabilizing and gelating properties is added to cheese, jams, cakes, and fruit juice powder. The product prevents cake hardening and helps to improve cheese quality. Rising cheese demand due to its diverse applications for pizza, pasta, sandwich, and noodles will foster food binders industry outlook.
Food binders market from meat products application is expected to exceed USD 665 million by 2025. The product helps to retain water due to its affinity for liquid content hence preventing fat clumping. Growing demand of meat products owing to their high protein content will foster industry outlook.
Food binders industry from processed food application is expected to register over 5% CAGR in the forecast timeframe. Potato starch owing to its neutral taste, volume enhancing, and strong binding properties is widely added to several processed food including packaged desserts, grated cheese, hot dogs, chips, and instant soups. Increasing demand of packaged edible products due to hectic work schedules and changing lifestyle will boost potato starch demand, thus escalating industry landscape.
Asia Pacific led by South Korea, India, and Japan food binders market is predicted to witness more than 5.5% CAGR in the forecast timeline. The product has its applications in chewing gums, potato chips, and candies owing to its bonding properties. Growing urbanization and distribution channels including hypermarkets and convenience stores in the region will have a positive impact on confectionary industry, hence stimulating the regional market demand.
North America driven food binders market is set to surpass USD 620 million by 2025. Binding agents are added to sports supplements and drinks owing to their cohesive properties. Rising inclination for sports activities in the region owing to increasing awareness for physical fitness will foster supplements demand. This will enhance food binders industry statistics.
Competitive Market Share
Global food binders market share is moderately fragmented with major players including Ingredion, Cargill, Archer Daniels Midland Company, Dupont, Tate & Lyle, and Roquette Ferres SA. Companies are involved in strategic alliances including mergers & acquisitions, joint ventures, partnership, and capacity expansion to implement innovative technologies with growth in production capacity to cater rising industry growth.
Food Binders Industry Background
Food binders are added to edible products in order to maintain their shape and binds its constituents. Binding agents can also prevent oil separation in several confectionary products including chocolate spread and confectionary fillings. Plant based binders include gums which are manufactured by boiling plants. Animal-based binders are manufactured by boiling bones, hooves, and animal skin.
Food Binders Market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD Million from 2014 to 2025, for the following segments:
- Plant Based
- Xanthan Gum
- Guar Gum
- Agar Agar
- Cellulose Gum
- Animal Based
- Egg White
- Bakery & Confectionery
- Sports Nutrition
- Dairy & Frozen Desserts
- Sauces & Dressings
- Meat Products
- Processed Food
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Saudi Arabia
- South Africa