Changing food consumption patterns and increasing inclination for packaged and processed food has evoked the demand for special food additives such as food binding ingredients to enhance the shape and texture of food. This is expected to provide major impetus to food binders market over the coming years. Owing to their superior adhesive properties, the food binding agents enable binding of the ingredients of various edible products such as desserts, processed foods and meat products.
Besides, major business players operating in food binders market such as Archer Daniels Midland Company, Cargill, Ingredion, Tate & Lyle, Roquette Ferres SA, Dupont, etc. are engaged in developing new products to offer a wider product portfolio and effectively meet the increasing consumer demand. To illustrate, in 2018, Leading food processing company, Archer Daniels Midland, filed a global patent for its edible bean based food binder named VegeFull. According to the company, this new product is appropriate for usage in protein and nutrition bars and cereals. Such instances are expected to provide a positive glimpse of the impending scenario of global food binders market.
According to Global Market Insights, Inc., food binders market size is projected to exceed USD 1.9 billion by 2025, given the prominence of following trends:
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Heightened popularity of potato-based food binders
Potato based food binders are majorly used as a substitute for egg whites in vegetarian meals attributing to its efficient binding properties. With growing trend of plant-based food products for reducing animal slaughtering, the demand for these binders is expected to soar to new heights in the years to come allowing the segment to grow at a rate of 4.5% through 2025.
Rising application in sports nutrition
Owing to the cohesive nature of food binders, they are widely used in liquid formulations and sports supplements to help bind ingredients of the supplement. Growing health awareness and inclination for sports activities among people due to increasing prevalence of chronic disorders is instigating the demand for sports supplements. This in turn is fueling the adoption of food binders. Given the elevating product demand, sports nutrition segment across food binders industry is expected to foresee a robust growth rate of more than 3.5% through 2025.
Growing consumption of dairy & frozen desserts in India
Food binders have superior cohesive and stabilizing properties which makes them suitable for producing low fat cheese and various other dairy products. Growing demand for cheese for its application in snacks and fast foods in India is fostering the product demand in the country. Reportedly, food binders industry in India from dairy and frozen desserts application is projected to record valuation of more than USD 12.5 million by 2025.
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Increasing adoption in bakery & confectionary products in the UK
Ingredients like agar agar and egg whites are predominantly used in bakery and confectionary products owing to their excellent binding properties. For instance, egg whites are added to cakes for binding its ingredients and making the cake fluffy. Increasing demand for designer cakes and various other confectionary products in the UK will positively influence the regional food binders industry. According to the report, UK food binders market share is estimated to surpass USD 13.5 million by 2025.
Mounting demand for meat products in the U.S.
Rising consumption of meat products in the U.S. owing to increasing disposable income and preference for protein rich food are the most prominent factors driving the adoption of food binders in the country. This is due to the important usage of food binders in meat products for preventing fat clustering by water retention. Considering the increasing product demand in the country, food binders market in the U.S. is expected to record a significant growth rate of 5% through 2025.
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