Food Binders Market Trends, Demand & Growth Opportunities by Fact MR

The global food binders market (Mercato dei leganti alimentari) is currently valued at $7.4 billion and is expected to grow at a CAGR of 4.6% to $11.6 billion by the end of 2032. Because of their hectic schedules, people prefer to consume quick food that contains food binders. This is a major element expected to drive the growth of the food binders market in the future years.

meals binders increase the heft and volume of meals without adding additional nutrition. Due to government standards and safety requirements in end-user applications, leading manufacturers are working on producing high-quality and standardised food binders to ensure customer safety. Product quality assurance and reduced hazards will increase market acceptance of food binders.

Use of food binders have increased significantly due to the rising emergence of speciality diets such as vegan and keto, as well as problems associated due to diets rich in cholesterol and protein. Food binders add firmness, volume, texture, and flavour to various products. The application of these binders in the food industry is increasing at a rapid pace across geographies.

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.

List of Key Companies Profiled in The Report

• Cargill
• Meron
• Ettlinger Corporation
• Ingredion
• Archer Daniels Midland Company (ADM)
• Tate & Lyle
• Nature's Harvest
• Roquette frères
• DUPont Nutrition & Health
• Avebe
• Foodchem International
• Others

Key Takeaways from Food Binders Market Study

• By the end of 2022, the market is projected to achieve a global market size of US$ 10.01 Bn.
• Globally, North America accounted for over 33.5% of revenue in 2022.
• Hardware based digital transaction management systems to dominate the market in 2022, with a revenue share of over 40.5%
• More than 38.4% of market revenue was generated by the electronic signatures segment in 2021
• Over 55.5% of the market revenue in 2022 will be accounted for by large enterprises.

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.

Market Development

Despite a challenging state of the economy, the competitive landscape in the market for food binders still exhibits expansion. Key market players are Meron, Kellogg NA Co. and New Wave Foods.

Food binder manufacturers are making efforts to increase their customer base by focusing on the production of market-specific requirements. Food binders' rising popularity has encouraged firms to make significant R&D investments to develop new products.

Companies are also forming strategic partnerships through mergers and acquisitions, joint ventures, capacity expansion, and other means to incorporate technology and increase their production capacity to meet the needs of a steadily expanding industry.