Acumen Research and Consulting Food Binders Market | Page 2
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,
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