Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 6,800 million | USD 11,400 million | 6.9% | 2022 |
FrequentlyAsked Questions
Food binders are additives which are mixed with food for improving the texture of food products through thickening or binding of the food constituents together. These food binders are also referred to as food fillers as they possess inherent features such as ability to increase the quantity & mass of a food without affecting the nutritive value of food.
The global food binders market growth over forecast period can be owing to an increasing trend of fast food culture, especially in developing economies along with growing fast-food chains has given a push to the demand for food finders in the fast-food business.
According to a study, the global food binders industry size was $6,800 million in 2022 and is projected to reach $11,400 million by the end of 2030.
The global food binders market is anticipated to record a CAGR of nearly 6.9% from 2023 to 2030.
North America is set to dominate the global food binders industry over the forecasting timeline owing to rising use of the product in the various kinds of sports nutrition for the sports persons participating in the events in the countries such as Canada and the U.S.
The global food binders market is led by players such as ADM, Bavaria Corp, Advanced Food Systems, Brenntag North America, Ingredion, Cargill, Solvaira Specialties, Nexira, Innophos, ICL Food Specialties, Advanced Food Systems, Newly Weds Foods, SK Food International, and Franklin Foods West.
The global food binders market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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