Press release -
Food Binders Market Reach Demand Around 210 Kilo Tons by 2026
According to Acumen Research and Consulting, the global Food Binders Market size is estimated to grow at noteworthy CAGR over the forecast time frame and reach the market demand around 210 Kilo Tons.
Growing demand for edible packaged products, which is ready to eat, will strengthen their use in the food and beverage industry as a result of increasing disposable income and changing lifestyles. The product is applied in several processed foods, including cheese, candies, jellies and jams, because of its texture & viscosity improvement properties. The impact on market growth is a positive one.
The increase of population and disposable incomes combined with the health benefit will increase the demand for plant and animal protein and put pressure on livestock and aquaculture farmers. Farmers are unable to keep up with increasing demand and thus provide profitable opportunities for food binders manufacturers. Business growth across regions and increased production capacity by setting up new plants will continue to be a key factor for industrial players. Fusions and acquisitions are also expected to enter untapped markets during the forecast period.
The increase in the population and disposable income combined with health benefits is expected to increase the demand for plant and animal protein, thereby exerting pressure on farmers in cattle and aquaculture. Farmers cannot keep pace with rising demand, thereby creating profitable opportunities for manufacturers of feed binders. Expansion of business across regions and increased production capacity through the establishment of new facilities is expected to remain key to industrial players. In order to enter untapped markets during the forecast period, fusions and acquisition are also expected.
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The increase of meat replacement / meat analogs is an important driver for food binders
Overall, developing regions have seen the shift to a more sustainable vegetarian diet from non-vegetarian diets. This shift in food preferences still reflects the demands of foodstuffs like meat and meat products, but not meat. This is where the new meat replacement and food binding market is pictured. The number of meat substitutes available is increasing, and the demand is also on the rise for food binders. As food binders are an integral component of the meat substitute, the increase in foodbinding demand is commensurate with that of meat replacement products. This indicates also the rising demand for food binders derived from plants because meat replacements cannot use binding products such as gelatin from animal products.
The growing consumption of various kinds of non-vegetarian food worldwide is one of the main driver of growth in the global food binding market. Furthermore, the change to pallet-shaped feed in consumer preferences is expected to boost demand for feed binders in the near future. The growing trend in organized agriculture also increases the consumption of compound feed by backyard and household feed integrators. Another major factor that is projected to boost the growth of the global food supplier market is the growing awareness of farmers ' animal health.
The world's feed binders are geographically divided into Latin America, the Middle East, Africa, Europe, Asia-Pacific and North America. These include, Europe and North America, due to growing meat consumption of the regions, which are expected to remain steady consumer regions for feed binders. Producers in Asia-Pacific will also have a chance of profitable growth opportunities.
Key Players & Strategies
The Food Binders market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Cargill, Dupont, Tate & Lyle, Archer Daniels Midland Company, and Roquette Ferres SA among others.
Companies engage in strategic alliances, including fusions and acquisitions, joint enterprises, partnerships and capacity expansion, to implement innovative technologies with capacity - building growth to cater for increasing industrial growth.
Food Binders Market by Product
- Closed System
- Open System
Food Binders Market by Source
Food Binders Market by Application
- Bakery & Confectionery
- Dairy & Frozen Desserts
- Sports Nutrition
- Processed Food
- Sauces & Dressings
- Meat Products
Global Food Binders Market, by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
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- Food, Drink
- food binders market
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