Gmi Research's blog : Food Binders Market Size, Share, Trends, Analysis, Forecast by 2027
Food Binders Market
The Food Binders Market is expected to expand at a robust CAGR during the forecast period (2020-2027).
The major factors driving the growth of Food Binders Market includes growing demand for packaged food products, rise in the number of fast-food chains, restaurants and hotels and increasing popularity of sports nutrition products around the world. According to the report published by Bloomberg, the Global Packaged Food Products Market is expected to generate USD 34,434.6 million and projected to grow at a CAGR of 6.03% CAGR over the forecast period (2022-2030), which will boost the Food Binders Market size in the approaching years. Moreover, rising influence of western culture across the globe, shift in consumers preference towards adopting vegetarian diets, easy availability of meat substitute products and growing emphasis on providing adequate nutrition to the livestock, are some of the additional factors supplementing the market growth. In addition, hectic lifestyles, rise in the sales of plant base food binders, increasing investments by the leading players on research and development and growing awareness amongst consumers about the health benefits of dietary supplements such as tablets and liquid tonics which uses food binders, are further contributing to the market growth.
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However, the growth of Food Binders Market is hindered due to disruptions in the global supply chain and regulatory bans imposed by the government.
The major players operating in the market are Nexira, Deosen Biochemical Ltd, Fufeng Group, Cargill, Archer Daniels Midland Company, Dupont, Ingredion, Tate & Lyle, Bavaria Corp, and Roquette Ferres SA., among others.
Source: Segment Analysis
Based on Source, the Hydrocolloids segment is projected to grow at a remarkable CAGR over the forecast period. The hydrocolloids control the crystal growth of ice and sugar along with its gelling, thickening and stabilization properties, are some of the key factors responsible for the segment’s growth.
Application: Segment Analysis
Based on Application, the Meat Products and Meat Analogs segment is anticipated to expand at a significant CAGR during the forecast period attributed to increasing demand for meat substitute products and growing focus towards animal welfare.
Regional: Segment Analysis
As per the Food Binders Market Analysis, the Asia-Pacific region is estimated to capture a sizeable market share over the forecast period. Growing demand for plant-based food binders, rising influence of western culture in Asia, easy availability of food binders at the supermarkets, rapid urbanization, increasing disposable incomes and high population growth rates, are some of the important factors propelling the market growth in Asia-Pacific.
Market Segmentation
Global Food Binders Market by Source
- Plant-based
- Hydrocolloids
- Guar Gum
- Pectin
- Cellulose Gum
- Xanthan Gum
- Agar Agar
- Carrageena
- Starch
- Potato
- Corn
- Tapioca
- Animal-based
- Whey
- Gelatin
- Hydrocolloids
Global Food Binders Market by Application
- Meat Products and Meat Analogs
- Bakery
- Confectionery
- Dairy
- Processed Foods
- Sports Nutrition Products
- Beverages
- HoReCa
Global Food Binders Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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