Batter & Breader Premixes Market: Regional Analysis and COVID-19 Impact on the Global Market
Batter & Breader Premixes Market by Application (Meat, Seafood, and Vegetables), Batter Type (Adhesion, Tempura, Beer, Thick, and Customized), Breader Type (Crumbs & Flakes and Flour & Starch), and Region Global Forecast to 2026
(EMAILWIRE.COM, April 29, 2021 ) The global Batter & breader premixes market size is estimated to be valued USD 2.5 billion in 2021 and is projected to reach a value of USD 3.4 billion by 2026, growing at a CAGR of 6.4% during the forecast period. The growth of this market is attributed to the increasing inclination towards low carb and gluten free products.
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COVID-19 Impact on the Batter & breader premixes Market:
COVID-19 impact on the batter & breader premixes is low to moderately affected. The demand for convenience and packaged food has risen exponentially since the COVID-19 pandemic. With the outbreak of COVID-19 across regions, the manufacturing of batter & breader premixes witnessed a slowdown in 2020, owing to the lockdowns, closure of the international borders, and delay in cross border transit, which disrupted the supply chain. Although the demand for food has been growing, the supply has been significantly impacted by COVID-19. The lockdowns and increased infected cases are resulting in labor shortages and a reduced supply of raw materials.
North America is projected to be the largest regional market for batter & breader premixes. This is due to the high demand for convenience food items in the meat & seafood category. An increase in the import of breaded seafood products in countries, such as the US, has also been driving the batter & breader premixes market in this region. The rising health concerns have increased the poultry consumption of the US, which has influenced the batter & breader premixes market.
The Asia Pacific market is projected to grow at the highest CAGR of 6.7%, in terms of value, during the forecast period, driven by the growing demand for convenience foods and processed food, coupled with the changing lifestyle trends in the region. Other factors include changes in diets, which lead to an increase in the demand for processed meat products and the emergence of fast-food and quick-service restaurants in the region.
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Leading companies are Kerry Group (Ireland), Bunge Limited (US), Newly Weds Foods, Inc. (US), McCormick & Company (US), Showa Sangyo Co., Ltd. (Japan), Verstegen Spices & Sauces B.V. (Netherlands), Lily River Foods (US), Blendex Company (US), Nippon Flour Mills Co., Ltd. (Japan), Ingredion Incorporated (US), Associated British Foods plc (UK), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Euroma (Netherlands), House-Autry Mills (US), BRATA Produktions (Germany), Solina Group (France), Prima Limited (Singapore), Bowman Ingredients (UK), and Coalescence LLC (US).
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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=10807786
COVID-19 Impact on the Batter & breader premixes Market:
COVID-19 impact on the batter & breader premixes is low to moderately affected. The demand for convenience and packaged food has risen exponentially since the COVID-19 pandemic. With the outbreak of COVID-19 across regions, the manufacturing of batter & breader premixes witnessed a slowdown in 2020, owing to the lockdowns, closure of the international borders, and delay in cross border transit, which disrupted the supply chain. Although the demand for food has been growing, the supply has been significantly impacted by COVID-19. The lockdowns and increased infected cases are resulting in labor shortages and a reduced supply of raw materials.
North America is projected to be the largest regional market for batter & breader premixes. This is due to the high demand for convenience food items in the meat & seafood category. An increase in the import of breaded seafood products in countries, such as the US, has also been driving the batter & breader premixes market in this region. The rising health concerns have increased the poultry consumption of the US, which has influenced the batter & breader premixes market.
The Asia Pacific market is projected to grow at the highest CAGR of 6.7%, in terms of value, during the forecast period, driven by the growing demand for convenience foods and processed food, coupled with the changing lifestyle trends in the region. Other factors include changes in diets, which lead to an increase in the demand for processed meat products and the emergence of fast-food and quick-service restaurants in the region.
Make an Inquiry: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=10807786
Leading companies are Kerry Group (Ireland), Bunge Limited (US), Newly Weds Foods, Inc. (US), McCormick & Company (US), Showa Sangyo Co., Ltd. (Japan), Verstegen Spices & Sauces B.V. (Netherlands), Lily River Foods (US), Blendex Company (US), Nippon Flour Mills Co., Ltd. (Japan), Ingredion Incorporated (US), Associated British Foods plc (UK), Cargill, Incorporated (US), Archer Daniels Midland Company (US), Euroma (Netherlands), House-Autry Mills (US), BRATA Produktions (Germany), Solina Group (France), Prima Limited (Singapore), Bowman Ingredients (UK), and Coalescence LLC (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results