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Advancements in Food & Beverage Sector Boding Well for Food Binder Manufacturers across Regions, States Fact.MR



United States, Rockville MD, July 27, 2022 (GLOBE NEWSWIRE) — According to Fact.MR, a market research and competitive intelligence provider, the global food binders market is estimated at US$ 7.4 billion in 2022 and is expected to expand at a CAGR of 4.6% during the forecast years of 2022-2032. Due to busy lifestyles, consumers prefer the consumption of fast food, which has food binders in them. This is a major factor anticipated to support the growth of food binders market over the coming years.

Food binders improve the mass and amount of food without providing any additional nourishment. Owing to government standards and safety requirements in end-user applications, key manufacturers are focusing on providing high-quality and standardized food binders for consumer safety. Assured product quality and less associated risks will boost the adoption of food binders in the market.

For Critical Insights on Food Binders Market, Request a Sample Report

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.

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.

To learn more about Food Binders Market, you can get in touch with our Analyst at

Key Segments Covered in the Food Binders Industry Survey

  • 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
      • Gelatine
      • 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

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.

Get Customization on Food Binders Market Report for Specific Research Solutions

Key players in the Food Binders Market

  • Cargill
  • Meron
  • Ettlinger Corporation
  • Ingredion
  • Archer Daniels Midland Company (ADM)
  • Tate & Lyle
  • Nature’s Harvest

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.

Fact.MR’s Domain Knowledge in Food & Beverage Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned food and beverage team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the food and beverage domain across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services.

Explore Fact.MR’s Coverage on the Food & Beverage Domain-

Commercial Seaweed Market– The global seaweed market was worth over US$ 10 Bn in 2020 and is predicted to exceed US$ 15 Bn by the end of the forecast period (2021-2031). Extensive applications of seaweed in pharmaceuticals, nutraceuticals, antimicrobial goods, and biotechnological applications is primarily steering growth across the market.

CBD Gummies Market– Fact.MR- a market research and competitive intelligence provider- expects the global CBD gummies market to surge exponentially at a prolific 28% CAGR throughout the 2021-2031 forecast period. Increasing drives to legalize cannabis for recreational and medical purposes is acting as the primary growth lever for the market.

Palm Oil MarketGlobal palm oil market size in 2022 is expected to top nearly US$ 33 Bn. As per the report, palm oil market revenues are anticipated to grow 1.5x to reach nearly US$ 50 Bn by 2031, experiencing a compounded annual growth rate (CAGR) of nearly 5%.

Snacks MarketGlobal demand for snacks is expected to proliferate at a CAGR of 6.5% from 2021 to 2031, according to a recently published study by Fact.MR. By the end of the aforementioned forecast period, the market is likely to be valued at US$ 751 Bn, with consumer inclining towards organic snacks consumption. By 2021-end, demand for snacks is expected to reach US$ 400 Bn.

Soybean Oil Market– The global sales of soybean oil are expected to grow moderately in 2021 with sales of just over 57 Mn tons in 2020. While Fact.MR still expects the market for soybean oil to grow slightly, however, the decade long compound annual growth rate (CAGR) remains positive at 5%.

Rapeseed Oil Market– The rapeseed oil sales are expected to be valued at nearly US$ 17 Bn by 2021. Long-term projections appear more positive, with the market for rapeseed oil will reach US$ 32 Bn, growing at a CAGR surpassing 6% from 2020 to 2031.

Energy Drinks Market– The global demand for energy drinks will increase positively in 2021, surpassing US$ 35 Bn. Driven by the rise in health consciousness, as well as changes in consumer lifestyle and increased awareness of health wellness goods, the market is expected to register growth at a CAGR of approximately 8% by 2031.

In-Flight Catering Market– The global In-flight catering market exceeding a valuation of around USD 7.3 billion by 2021, and it is projected to reach USD 13.7 billion by 2031, registering a CAGR of 6.5% during the forecast period 2021-2031.

Non-Alcoholic Beer Market– The non-alcoholic beer industry is expected to witness soaring growth, expected to surpass US$ 28 Bn in by 2031, with a decade long compounded annual growth rate (CAGR) of 7% across the forecast period.

Sports Nutrition Market– The global sports nutrition market report indicates that sales of overall sports nutrition enjoyed year-on-year (YoY) growth of 5.3% in 2021. Fact.MR estimates that the sports nutrition market accounted for US$ 15.8 Bn in 2021, and is expected to witness a prominent CAGR of 7.9% over the decade.

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