Overview and Scope
The batter and breader premixes are granulated flakes or powders used as food additives or coatings to improve the taste and texture of food items. Batter and breader premixes are mainly used in the processed food and convenience foods industry.
Sizing and Forecast
The batter and breader premixes market size has grown strongly in recent years. It will grow from $2.48 billion in 2023 to $2.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in fast food industry, rise in quick service restaurants, increased consumer spending, globalization of cuisine, expansion of food retail chains, food safety concerns.
The batter and breader premixes market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to plant-based alternatives, focus on ethnic and regional flavors, sustainable practices, demand for gluten-free options, regional and local manufacturing, regulatory landscape. Major trends in the forecast period include global flavor innovation, clean label products, technological advancements in processing, customization for dietary preferences, direct-to-consumer sales.
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Segmentation & Regional Insights
The batter and breader premixes market covered in this report is segmented –
1) By Batter Type: Adhesion Batter, Tempura Batter, Beer Batter, Thick Batter, Customized Batter
2) By Breader Type: Crums And Flakes, Flour And Starch
3) By Crop Type: Cereals And Grains, Oilseeds And Pulses, Fruits And Vegetables, Other Crops
4) By Batter Application: Meat, Seafood, Vegetables, Other Batter Applications
North America was the largest region in the batter and breader premixes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the batter and breader premixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Rising global consumption of packaged meat products is expected to drive the batter and breader premixes market. The demand for meat has increased as consumers’ average disposable income has increased. In developed regions such as North America and Europe, the consumption of packaged meat products is on the rise. For example, July 2021, according to the Organization for Economic Co-operation and Development (OECD), a France-based intergovernmental organization, the global meat consumption per capita is projected to increase 0.3% p.a. to 35.4 kg in retail weight equivalent (RWE) by 2030. . Premixes are used to enhance the flavor of meat products. As a result, growing consumption of packaged meat products is promoting market growth.
Key Industry Players
Major companies operating in the batter and breader premixes market report are Cargill Incorporated, Archer Daniels Midland Company, The Archer-Daniels-Midland Company, Bunge Limited, Toshiba Machine Pvt.Ltd., Associated British Foods plc, BRF Ingredients S.A., Ajinomoto Co. Inc., Kerry Group plc, Ingredion Incorporated, McCormick & Company Incorporated, Showa Sangyo Co. Ltd., Kyoei Food Co. Ltd., Newly Weds Foods Inc., Blendex Company, Actuant Corporation, Solina S.A., HAWE Hydarulik, Bondioli&Pavesi, Bowman Ingredients Inc., Permco Inc., House-Autry Mills Inc., Bailey International LLC, Breading & Coating Ltd, Thai Nisshin Technomic Co. Ltd., Pt. Primera Panca Dwima, BRATA Productions GmbH, Arcadia Foods Limited, Xiamen Uprisingstar Foodstuffs Co. Ltd., Zhuhai Yitong Industrial Co. Ltd., Perfection Hydraulics Inc., Cessna Hydraulics
The batter and breader premixes market report table of contents includes:
1. Executive Summary
2. Batter and Breader Premixes Market Characteristics
3. Batter and Breader Premixes Market Trends And Strategies
4. Batter and Breader Premixes Market – Macro Economic Scenario
5. Global Batter and Breader Premixes Market Size and Growth
…
32. Global Batter and Breader Premixes Market Competitive Benchmarking
33. Global Batter and Breader Premixes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Batter and Breader Premixes Market
35. Batter and Breader Premixes Market Future Outlook and Potential Analysis
36. Appendix
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