Global Food Binders Market to cross $ 1.9 Bn by 2025

February 26, 2020


According to the research report titled ‘Food Binders Market Size By Source (Plant [Starch { Corn, Tapioca, Potato}, Hydrocolloids {Xanthan Gum, Guar Gum, Agar Agar, Pectin, Carrageenan, Cellulose Gum}] Animal [Egg White, Gelatin, Whey]), By Application (Bakery & Confectionery, Sports Nutrition, Beverages, Dairy & Frozen Desserts, Sauces & Dressings, Meat Products, Processed Food), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Netherland, Poland, Russia, China, India, Japan, South Korea, Australia, Malaysia, Thailand, Indonesia, Brazil, Argentina, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2019 – 2025’ available at MarketStudyReport.com, the global food binders market is presumed to exceed USD 1.9 billion by the year 2025.
 

According to the report, increasing consumption of packaged food products has enhanced the adoption of food binders due to their adhesive properties, which in turn is driving the food binders market growth. Evolving lifestyles and hectic schedules have shifted consumer preference towards convenience food products, thereby further aiding the market expansion. Growing confectionary industry due to rapid urbanization and expansion of retail chain network is also facilitating the business scenario. However, food binders such as xanthan gum have harmful effects on human health causing irritable bowel syndrome and other autoimmune disorders, which may hinder the market growth.
 

As per source, potato based food binders market segment is expected to grow with a CAGR of 4.5% during 2019-2025. Food binders made using potato are extensively used as a substitute to egg whites in vegetarian meals due to their binding properties. Increasing inclination towards plant-based products to reduce animal slaughter is fostering the demand for potato based food binders across the globe.
 

The report states that diary & frozen desserts application segment of India food binders market is presumed to surpass USD 12.5 million by the year 2025. The product offers stabilizing and cohesive properties and thus is utilized for producing low fat cheese. Growing demand for cheese owing to its application in junk food will stimulate the industry outlook.
 

Based on the application spectrum, the sports nutrition application of food binders is predicted to grow with a CAGR of 3.5% during the period of 2019-2025. The product is used in sports supplements and liquid formulations owing to its cohesive properties. Increasing awareness pertaining to healthy lifestyle due to rising prevalence of obesity has enhanced the number of sports activities, which in turn is fueling the segmental growth.
 

As per the report, bakery & confectionary applications of UK food binders market are estimated to cross USD 13.5 million by 2025. Food binders such as egg whites and agar agar possess binding properties and hence are used in bakery & confectionary applications. Growing demand for designer cakes has enhanced the adoption of food binders across bakery & confectionary industry across UK and hence, favoring the market outlook.
 

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Considering the geographical landscape, U.S. food binders industry is presumed to expand with a CAGR of 5% through 2025. The growth is attributed to growing demand for meat products due to high protein content and rising capita per income.
 

The prominent companies operating in food binders market are Vikram Starch, Newly Weds Food, Food Chem International, Roquette Ferres SA, Tate & Lyle, CP Kelko, DowDuPont, Inc., Deosen Biochemical Ltd., Cargill, Nexira, Ingredion, DSM, Advanced Food Systems, Bavaria Corp., and ADM.


Frequently Asked Questions (FAQ) :

According to the report, increasing consumption of packaged food products has enhanced the adoption of food binders due to their adhesive properties, which in turn is driving the food binders market growth. Evolving lifestyles and hectic schedules have shifted consumer preference towards convenience food products, thereby further aiding the market expansion. Growing confectionary industry due to rapid urbanization and expansion of retail chain network is also facilitating the business scenario.
The sports nutrition application of food binders is predicted to grow with a CAGR of 3.5% during the period of 2019-2025. The product is used in sports supplements and liquid formulations owing to its cohesive properties. Increasing awareness pertaining to healthy lifestyle due to rising prevalence of obesity has enhanced the number of sports activities, which in turn is fueling the segmental growth.
U.S. food binders industry is presumed to expand with a CAGR of 5% through 2025. The growth is attributed to growing demand for meat products due to high protein content and rising capita per income.
The prominent companies operating in food binders market are Vikram Starch, Newly Weds Food, Food Chem International, Roquette Ferres SA, Tate & Lyle, CP Kelko, DowDuPont, Inc., Deosen Biochemical Ltd., Cargill, Nexira, Ingredion, DSM, Advanced Food Systems, Bavaria Corp., and ADM.