Food Binders Market

Food Binders Market Outlook (2022-2032)

The global food binders market has reached a valuation of US$ 7.4 billion and is predicted to expand at a CAGR of 4.6% to climb to US$ 11.6 billion by the end of 2032.

Sales of food binders account for more than 4% share of the global food additives market at present.

Report Attributes	Details
Food Binders Market Size (2021A)	US$ 7.1 Billion
Estimated Market Value (2022E)	US$ 7.4 Billion
Forecasted Market Value (2032F)	US$ 11.6 Billion
Global Market Growth Rate (2022-2032)	4.6% CAGR
North America Market Share (2021)	~18.2%
East Asia Market Growth Rate (2022-2032)	~4.9% CAGR
United States Market Growth Rate (2022-2032)	~4.2% CAGR
Market Share of Top 5 Companies	~17.8%
Key Companies Profiled	Cargill Meron Ettlinger Corporation Ingredion Archer Daniels Midland Company (ADM) Tate & Lyle Nature's Harvest Roquette frères DUPont Nutrition & Health Avebe Foodchem International

Sales Analysis of Food Binders (2017-2021) Vs. Market Outlook (2022-2032)

Across all markets and regions, customers and regulations are driving the need for biodegradable ingredients that are better for people and the environment alike, and food binders are no exception.

Food binders are food additives that are known to improve food texture by thickening and binding the ingredients together. They play an important role in the fast food industry, which is in high demand among the youth. Today, there are 1.2 billion young people, making up 16% of the global population, and, as such, there is increasing demand for fast food. This has guided a compound annual growth of 1.6% for the sales of food binders over the 2017-2021 period.

Moreover, increased government funding for sustainable products and the gradual shift from non-vegetarian diets to a more sustainable vegetarian diet are creating a great opportunity for food binder suppliers. Also, the characteristics of food binders such as improving the texture, volume, and juiciness of food are a major reason for their popularity among consumers and in the food industry.

The advantage of taste with increased volume is expected to guide the growth of the food binders market over the forecast period. Fact.MR suggests that the global food binders market will be valued at US$ 11.6 billion by 2032-end, expanding at a CAGR of 4.6%.

• Short Term (2022 Q2 to 2025): Increased implementation and integration of food binders in bakery & confectionery, processed food, beverages, sauces, and dressings, etc., to positively impact market growth. Over the short term (2022 to 2025), global food binder sales are expected to provide an incremental dollar opportunity of US$ 1.3 billion.
• Medium Term (2025-2028): Due to rising reliance on fast food and delivery systems, as well as supportive government programs, Asia Pacific and North America are expected to see high demand for food binders. In the medium-term forecast period (2025–2028), Fact.MR forecasts an increased opportunity of US$ 1.7 billion.
• Long Term (2028-2032): Demand for food binders will ultimately be driven by the rise in their use to increase food volume without compromising its nutritional value. During 2028-2032, Fact.MR projects an incremental opportunity of US$ 2.4 billion for the global food binders market.

Over the 2017-2021 historical period, the global food binders market registered a CAGR of 1.6%, and according to the in-depth analysis by Fact.MR, a market research and competitive intelligence provider, the industry is projected to expand at 4.6% CAGR between 2022 and 2032.

Market share analysis of food binders based on source and region is provided in the above image. Under source, plant-based food binders lead with 57.1% market share in 2022.

Why is Usage of Food Binders Steadily Increasing?

“Changing Consumer Eating Behaviors and Ever-rising Spending on Food”

Rising per capita income in developed as well as developing economies is encouraging higher spending on ready-to-eat foods, which has led to an increase in the usage of food binders.

When it comes to food, not only does it cost money to buy but it also takes time to prepare, which has caused customers to choose simple solutions. This trend has driven the fast food, processed food, and other food markets, which has had a beneficial impact on the market for food binders since these industries widely utilize them.

• The National Household Food Acquisition and Purchase Survey suggest that families with all adults working spend 70% more on food from restaurants and 10% less on ready-to-eat food from grocery stores than families with all adults unemployed.

As such, rising family income creates time constraints and drives the demand for grocery store foods and restaurant meals.

Additionally, the beneficial qualities of food binders such as an increase in food volume and juiciness elevate their popularity in food industries, including fast food, processed food, convenience foods, restaurant meals, and ready-to-eat food from grocery stores.

“Online Food Delivery - A Growing Trend Stimulating Market Expansion”

The benefits of online food delivery have been seen by foodservice industries such as HoReCa due to the busy lifestyle and time constraints of the global population. Online food delivery has become widely accepted due to factors such as industrial growth, rising living standards, increased food consumption, etc.

In recent years, the market for food binders has seen a profound shift due to an increase in HoReCa and food service companies. Food delivery services by such industries are hailed as the lifeline for the food binders market as the food prepared at such chains accounts for the high utilization of food binders.

Even before the pandemic, ordering meals online and having them delivered was standard practice in developed nations. However, after COVID-19, this trend accelerated in emerging nations as well. The HoReCa industry has benefited from this development, which has also benefited the market for food binders.

What Do Food Binders Producers Need to Watch Out For?

“Increasing Awareness about Health Effects of Processed & Fast Foods”

Increasing awareness of the health effects of processed and fast food can hinder the growth of the food binders market. Although ready-to-eat snacks and fast food are a common category of food consumed by people away from home, these foods have higher calorie content and less water, fiber, and other nutrients than natural foods.

Rising popularity of fast food among young people has raised concerns since it increases high fat consumption, which can lead to obesity and associated problems. The market for food binders is projected to experience a slowdown to some extent due to the several health issues associated with eating fast food.

Country-wise Insights

Will the Huge Demand for Fast Food in the U.S. Drive Demand for Food Binders?

The United States food binders market is currently worth US$ 1.1 billion and is expected to reach US$ 1.7 billion by 2032.

Rise of household income levels and the expansion of fast food chains have primarily driven market expansion in the country. The U.S. is recognized as the largest market for snacks, which need food binders as a binding agent. It is a well-known market for food binders owing to rising fast food consumption and changing lifestyles among the high number of younger individuals in the country.

Why is the Europe Food Binders Market Expected to Be Highly Lucrative?

Europe is one of the biggest and most significant markets in the world for food binders due to the rise in tourism and the high demand for natural food additives, as food companies and consumers shift away from synthetic ingredients towards more natural and sustainable ingredients.

Additionally, demand for food items that resemble meat and animal products but are not made from meat has increased as a large part of the European population has shifted from non-vegetarian to vegetarian diets. This is where food binders enter into the picture.

As a result, Fact.MR reveals that the European market for food binders is worth US$ 2.2 billion.

Category-wise Insights

Why are Plant-based Food Binders So Popular?

Much of the world is trending towards vegetarian diets and veganism, and this global shift from non-vegetation diets has boosted the demand for plant-based food products as well as plant-derived food binders.

Additionally, the rise of both, plant-based foods and plant-based food binders have also been attributed to the increased awareness of animal abuse in conventional dairy farming methods and the nutritional advantages of plant-based dairy products.

Thus, increasing demand for plant-based food products has spurred the plant-based food binders market, surpassing a market valuation of US$ 4.1 billion in 2021.

Furthermore, with the global economy on the way up, the plant-based food binders segment is predicted to expand at a CAGR of 4.5% through 2032.

How is Increasing Sales of Online Food Driving Food Binder Consumption?

The emergence of COVID-19 shifted consumer buying preferences from offline to online. Moreover, in the new normal or post-COVID, consumers are not willing to change their buying preferences from online to offline, and this factor is a major supporter of the rising online consumption of food binders.

Additionally, suppliers in the HoReCa sector are also favouring selling their products through online sales channels, which eventually boosts the sales of food binders through online sales channels.

The online sales channel segment is anticipated to create an absolute $ opportunity of US$ 600 million by the end of the assessment period.

Competitive Landscape

Prominent food binder manufacturers are Meron, Ettlinger Corporation, Ingredion, Cargill, Archer Daniels Midland Company, Tate & Lyle, Nature's Harvest, Roquette frères, DUPont Nutrition & Health, Avebe, Foodchem International, CP Kelco, Gelita, Fufeng Group, and Dornish.

Key manufacturers of food binders are trying to cater to changing trends by enhancing their product portfolios with a range of nature-based ingredients and additives that are specially designed to withstand modern food processing techniques.

Market players are not only focusing on increasing their product portfolios but also on delivering nutritional products, better taste, and texture ingredients, with great cost efficiency, to meet the needs of global food and beverage manufacturers.

• In March 2022, AAK, Chr. Hansen, Givaudan, and Ingredion used MISTA’s curated collaboration effort to co-create a novel plant-based yogurt base.
• In July 2020, Ingredion, a leading provider of ingredient solutions, launched three novel organic native starches - organic native corn starch (PURITY Bio 201), organic native tapioca starch (PURITY Bio 301), organic native waxy rice starch (PURITY 805).

Fact.MR has provided detailed information about the price points of key manufacturers of food binders positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Food Binders Industry Research

• By Source :

  • Plant-based Food Binders
    • Starch
    • Flax Seeds
    • Chia Seeds
    • Aquafaba
    • Carrageenan
    • Guar Gum
    • Xanthan Gum
    • Agar
    • Natural Resins
    • Waxes
    • Others
  • Animal-based Food Binders
    • Eggs
    • Gelatin
    • Whey

• By End User :

  • Commercial
    • Processed Food Industry
    • HoReCa/QSR
    • Bakery and Confectionary
    • Dairy Industry
    • Meat and Poultry Industry
    • Sports and Nutrition Industry
  • Retail Buyers

• By Sales Channel :

  • B2B
  • B2C
    • Offline
    • Online

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania
  • MEA