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Food Binders Market Trends

  • Report ID: GMI3246
  • Published Date: Sep 2024
  • Report Format: PDF

Food Binders Market Trends

The food binders industry is witnessing several key trends that are shaping its growth and evolution. One of the most significant trends is the increasing consumer demand for clean-label products, which has led to a surge in the use of natural and plant-based binders. Ingredients like psyllium husk, flaxseeds, chia seeds, and guar gum are gaining popularity as manufacturers seek to replace synthetic binders with more natural alternatives. This shift is driven by growing consumer awareness of the health impacts of artificial additives and a preference for products with simple, recognizable ingredients. Additionally, the trend towards gluten-free and allergen-free products is further driving the demand for specific types of binders that cater to these dietary needs.
 

Another important trend in the food binders market is the rise of functional foods that offer additional health benefits beyond basic nutrition. As consumers increasingly seek out products that support wellness, food binders are being formulated to enhance the nutritional profile of food items, such as adding fiber or protein content. This trend is particularly evident in the growing market for fortified and functional beverages, where binders are used to maintain consistency and improve the texture of drinks that contain added vitamins, minerals, or other health-boosting ingredients. Moreover, the ongoing innovation in food technology is enabling the development of binders that not only improve product quality but also align with sustainable and ethical production practices, further influencing market trends.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of global food binders was reached USD 1.7 billion in 2023 and is projected to grow at a 4.6% CAGR from 2024 to 2032, driven by increasing demand for convenience foods and the expansion of the food processing industry.

The bakery and confectionery segment is expected to reach USD 400 million by 2024 and is set to grow at a CAGR of 4.7% from 2024 to 2032. This growth is fueled by consumer demand for baked goods with superior texture, moisture retention, and extended shelf life. The increasing popularity of gluten-free, low-calorie, and health-oriented products also drives demand for specialized binders in this segment.

The Asia Pacific food binders market is projected to reach USD 600 million by 2032, driven by the rising demand for processed and convenience foods in rapidly urbanizing populations across China, India, and Southeast Asia. Factors like rising disposable incomes, growing middle-class populations, and expanding retail chains are propelling this growth.

Leading companies in the food binders market include Tate & Lyle, Visco Starch, Alltech, Dupont, BASF SE, ADM, Cargill Incorporated, FMC Corporation, Darling Ingredients, Gelita AG, CP Kelco, Avebe, Emsland Group, and Borregaard AS. These companies offer a wide range of starch-based and other food binders, with some specializing in sustainable and clean-label solutions.

Food Binders Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 172
  • Countries covered: 28
  • Pages: 200
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