Research Nester released a report titled “Batter Premixes Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the global batter premixes market in terms of market segmentation by type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Batter premixes is a kind of food coatings applied on meat, poultry, vegetables, fish, and seafood in order to impart texture and improve its taste. Owing to the huge demand for food coating ingredients in many convenience foods such as ready to eat meals and fried food as well as rising fast-food restaurants, the global batter premixes market is anticipated to record a robust CAGR over the forecast period, i.e., 2021-2029. The market is segmented by type into thick, adhesion, beer, tempura, customized. Out of these segments, the adhesion segment is anticipated to hold the leading share in the global batter premixes market. The growth of the segment can be attributed to the characteristics of adhesion batter in offering high solid content which reduces crumb fall-off and prevents surface voids, which is why it is widely used in restaurants and fast-food outlets.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Based on the regional analysis, the global batter premixes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is predicted to hold the largest share on account of increasing fast food outlets and quick service restaurants along with the growing consumption of deep-fried food products, as well as for the presence of leading market players in the region.
Growing Consumption of Processed Foods and Increasing Fast Food Restaurants to Boost the Market Growth
With the advent of innovations in the food industry, the consumption of convenience food such as packaged or processed meat & seafood is growing globally at a significant rate. This has resulted in huge requirement of food coating techniques that enhance the cooking of foods, improve functionality and impart flavour, proper texture and taste to food products which has further led to high demand for batter premixes. Additionally, there has been a substantial rise in demand for fast food products among youths along with the growing adoption of fast food culture and increase in number of quick service restaurant. Such a factor is anticipated to drive the growth of the global batter premixes market over the forecast period.
However, price volatility of raw materials coupled with the growing consciousness among people regarding the ill-effects of deep-fried foods is estimated to hamper the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global batter premixes market which includes company profiling of Kerry Inc. (LON: KYGA), McCormick & Company, Inc. (NYSE: MKC), Bunge Limited (NYSE: BG), Newly Weds Foods, Associated British Foods plc (LON: ABF), Cargill, Incorporated, Archer Daniels Midland Company (NYSE: ADM), House-Autry, Euroma, and Showa Sangyo Co., Ltd. (TYO: 2004). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global batter premixes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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