Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Batter Premixes Market size is likely to expand at significant growth rate during the forecast period i.e., between 2025-2037.
The increasing number of fast-food outlets and quick-service restaurants as well as the ability of batter premixes to provide desirable characteristics to food products such as maintaining the moisture and improve functionality are some of the significant factors that are anticipated to boost the market growth.
Batter Premixes Sector: Growth Drivers and Challenges
Growth Drivers
- Advancements in the Processed Food Industry to Boost the Market Growth
Increasing consumer inclination towards the intake of ready-to-cook processed meat & seafood meals along with the increasing demand for processed food products among millennials in recent years is leading to the need for innovative food coating ingredients in order to enhance processing performance, improve functionality, and desirable characteristics. Additionally, batter premixes are specifically used in order to nullify the smell of seafood and to add flavor, crispness, proper texture, and taste to food products. Further, there are major initiatives undertaken by prominent industries such as gluten and genetically modified organism (GMO) free batter for producing nutritive, healthy, and better-quality food. This factor is anticipated to significantly expand the market. - Growing Number of Food Outlets and Restaurants to Drive the Market Growth
The rapid adoption of fast-food culture coupled with the increase in the number of fast-food outlets and quick service restaurants across the globe is anticipated to fuel the growth of the global batter premixes market. Moreover, there is an extensive demand for fast food products from the youth population in the developed as well as emerging countries. Such factors are anticipated to drive the growth of the global market over the forecast period.
Challenges
- Price Volatility of Raw Materials to Hamper the Market Growth
Despite the growing applications of batter premixes, volatility in prices of raw materials may negatively affect the market growth. Further, the growing awareness among people about the ill-effects of deep-fried foods is estimated to hinder the growth of the global market in the future.
Batter Premixes Segmentation
The market is segmented by type into thick, adhesion, beer, tempura, and customized. Among these segments, the segment for adhesion is anticipated to hold the leading share in the market on account of the wide-scale usage of adhesion batter in restaurants and fast-food outlets in order to provide high solid content that reduces crumb fall-off and prevents surface voids. Further, there is high consumption of rice flour as adhesion batter for chicken drumsticks, which is anticipated to drive the growth of the segment in the coming years.
Our in-depth analysis of the global market includes the following segments
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Batter Premixes Industry - Regional Synopsis
North America Market Statistics
On the basis of regional analysis, the batter premixes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is anticipated to account for largest revenue share by 2037, on account of huge number of fast-food outlets and quick service restaurants, along with growing consumption of meat, seafood, and fried food in the region. Moreover, the huge number of fast-food outlets and quick service restaurants, along with the growing consumption of meat, seafood, and fried food in this region, are some of the factors anticipated to drive the growth of the market in the region.
APAC Market Analysis
The market in the Asia Pacific is predicted to grow at the highest rate during the forecast period as a result of the significant rise in the number of people following the western lifestyle. Additionally, an increase in the consumption of meat and seafood, especially in countries such as China and Japan, is further anticipated to raise the demand for batter premixes in the Asia Pacific.
Companies Dominating the Batter Premixes Landscape
- Kerry Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Bunge Limited
- Newly Weds Foods
- Associated British Foods plc
- Cargill, Incorporated
- Archer Daniels Midland Company
- House-Autry
- Euroma
- McCormick & Company, Inc.
- Showa Sangyo Co., Ltd.
- Report ID: 2849
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
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