Batter & Breader Premixes Market Size, Share, Trends, Global Analysis, 202

 

Batter & Breader Premixes Market

The Batter & Breader Premixes Market is expected to grow at a faster CAGR during the forecast period (2021-2028).

The factors driving the growth of Batter & Breader Premixes Market includes use of Batter & Breader Premixes for cooking high quality foods in different cuisines, rising investments by leading players to develop manufacturing facilities and growing consumptions of convenience food across the world. According to the report published by Bloomberg, the Global Ready-to-Eat Food market is anticipated to reach USD 1,471.94 billion by end of 2028 from USD 1,073.87 billion in 2022 and is predicted to grow at a robust CAGR of 5.4% during the forecast period (2022-2028), which will boost the Batter & Breader Premixes Market size in the approaching years. Moreover, the growing number of Quick Service Restaurants (QSR) such as KFC and Burger King, rising demand for organic, low-calorie and gluten free ingredients and busy lifestyles of consumers, are some of the additional factors supplementing the market growth.

However, the growth of Batter & Breader Premixes Market is hindered due to fluctuations in the prices of raw materials.

The major players operating in the market are The Archer Daniels Midland Company, Ingredion Incorporated, McCormick & Company Inc., Ajinomoto Co. Inc., Blendex Company, Solina group, Bunge Limited, ADM, Newly Weds Foods Inc., and Bowman Ingredients among others.

Batter Type – Segment Analysis

Based on batter type, the adhesion batter segment is expected to expand at a significant CAGR during the forecast period because it helps in preventing the surface voids by loss of breading and increased demand for meat products in the quick service restaurants.

Application – Segment Analysis

Based on application, the meat and poultry segment captured sizable market share over the forecast period. The increased consumption of meat products in the International Markets, as per Statista, the revenue generated from Global Meat Market is expected to reach USD 1,195 billion by the end of 2022, of which United States, will capture the maximum revenue USD 151.90 billion.

Regional – Segment Analysis:

Based on the region, the North American region is projected to grow at a remarkable CAGR during the forecast period. The introduction of foreign cuisines in United States and Canada, presence of the leading players such as The Archer Daniels Midland Company and McCormick & Company Inc., high per capita income, and improved living standards, are some of the crucial factors augmenting the market growth in North American region.

Market Segmentation

Global Batter and Breader Premixes Market by Batter Type

  • Adhesion Batters
  • Coating Batters

Global Batter and Breader Premixes Market by Application

  • Meat and Poultry
  • Fish and Seafood
  • Vegetables
  • Others

Global Batter and Breader Premixes Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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