According to our latest market study on “Batter and Breader Premixes Market Forecast to 2027 – COVID-19 Impact and Global Analysis By Batter Premixes Type (Adhesion Batter, Tempura Batter, Beer Batter, Thick Batter, and Customized Batter), Breader Premixes Type (Crumbs and Flakes, Flour and Starch), Application (Meat, Fish and Seafood, Vegetables, and Others),” the market accounted for US$ 2,082.38 million in 2019 and is expected to grow at a CAGR of 6.1% during 2020-2027 to reach US$ 3,255.06 million by 2027. The report highlights key factors driving the market growth and prominent players along with their developments in the market.
Rising customer preference for gluten-free and low- carbs items is likely to boost the market for the batter and breader products. The presence of gluten in food products can cause celiac disease that damages the small intestine and increases the risk of long-term health complications. Gluten-free premixes improve product quality, prolong shelf life, and provide a healthy alternative that is the main driver for the industry. Further, rising consumer health awareness, along with an increased incidence of gluten intolerance, is likely to drive batter and breader products demand.
Blendex Company; Bowman Ingredients; Bunge North America, Inc.; Coalescence LLC; House- Autry Mills; Kerry Group; Mccormick And Company, Inc.; Newly Weds Foods; Showa Sangyo Co., Ltd.; and Solina Group are among the key players present in the global batter and breader premixes market. These companies are implementing growth strategies such as product developments, and mergers and acquisitions to expand the customer base and gain significant market share across the world, which permit them to maintain their brand name globally.
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Market Insights
Growing Demand For Ready-To-Cook Foods
Ready-to-cook food is a food prepared with the assumption that it will be heated/cooked at a given internal core temperature by either a microwave, an oven, a stovetop like a frozen pizza, frozen vegetables, a frozen microwave oven, or ready to bake cookie dough. Ready-to-cook food is typically consumed without any further preparation. It is also portable, has a long shelf life, or offer a combination of such convenient traits. Dual-income customers prefer these type of food items because of the lack of time available for cooking. Moreover, due to hectic work schedules, people around the world are purchasing RTC food and food items that are easy to prepare and less time-consuming. Further, people living in a city or working all day have shown appreciation for RTC food products as they are quick and easy to eat. RTC products can range from batter mixtures and breakfast items to meat products. Increased urbanization is one of the reasons people purchase such goods. Consumers are seeking food that is nutritious, delicious, and gives extra value to them. Battered and breaded coatings provide food with texture and flavor as well as minimized moisture loss and oil uptake.
Asia Pacific is also estimated to register the fastest CAGR in the market over the forecast period. The rise in awareness about the benefits offered by batter and breader premixes and the increase in the consumption of seafood & meat, as well as an increase in the acceptance of convenience & seafood products. In addition, an increase in disposable income and mounting urbanization is projected to direct the expansion of the batter and bread plant industry in the Asia-Pacific region.
The US, India, Brazil, Russia, France, Italy, the UK, Spain, and Argentina are among the most-affected countries in terms of COVID-19 confirmed cases and reported deaths as of December 2020. The pandemic is hindering economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global chemical and materials industry is one of the major industries suffering serious disruptions such as restrictions on supply chain and manufacturing activities.
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Batter and Breader Premix Market, byBatter Premix Type
Adhesion batter
Tempura batter
Beer batter
Thick batter
Customized batter
Batter and Breader Premix Market, by Breader Premix Type
Crumbs and Flakes
Flour and Starch
Batter and Breader Premix Market, by Application
Meat and Poultry
Fish and Seafood
Vegetables
Others
Table Of Contents:
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Batter and Breader Premixes Market, by Batter Premixes Type
1.3.2 Batter and Breader Premixes Market, by Breader Premixes Type
1.3.3 Batter and Breader Premixes Market, By Application
1.3.4 Batter and Breader Premixes Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Batter and Breader Premixes Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Batter and Breader Premixes Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing inclination towards low-carb and gluten-free products
5.1.2 Increase in the Consumption of Premium Meat Products
5.2 Market Restraints
5.2.1 Volatile Prices of Raw Material
5.3 Market Opportunities
5.3.1 Increase in investments in Research and development for new batter and breader technologies
5.4 Future Trends
5.4.1 Growing Demand For Ready-To-Cook Foods
5.5 Impact Analysis Of Drivers And Restraints
6. Batter and Breader Premixes – Global Market Analysis
6.1 Batter and Breader Premixes Market Overview
6.2 Batter and Breader Premixes Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players
…
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