The Batter and Breader Premixes Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Batter and Breader Premixes Global Market Report 2024, 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.
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.
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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
Major companies in the batter and breader premixes market are focused on developing gluten-free products, such as rice bread crumbs, to maximize their profits in the market. Rice bread crumbs are gluten-free breadcrumbs made exclusively from rice. For instance, in January 2021, Ueman Ryoshoku Seifunsho Co., Ltd, a Japan-based manufacturer of rice flour, launched the WA-PANKO bread crumbs, including WA-PANKO Gluten-free and WA-PANKO SoyMix, in the United States. Responding to the demand for gluten-free products, these rice-based bread crumbs cater to those with wheat allergies, vegans, and vegetarians. The products, HALAL certified and with a 12-month sell-by date, are food additive-free, ensuring a natural taste for various dietary preferences.
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 analysis
5. Batter and Breader Premixes Market Size And Growth
6.Batter and Breader Premixes Segmentation
7.Batter and Breader Premixes Regional And Country Analysis
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27. Batter and Breader Premixes Competitive Landscape And Company Profiles
28. Batter and Breader Premixes Key Mergers And Acquisitions
29.Batter and Breader Premixes Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Cargill Incorporated
- Archer Daniels Midland Company
- The Archer-Daniels-Midland Company
- Bunge Limited
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