Global batter and breader premixes market will reach 5780.23 million US$ by the end of 2024

Publisher: QYResearch

Published Date: 2019/7/10

Rapid changes in lifestyle have impacted food habits, which are being characterized by consumption of ready-to-cook food items. Thus, the growing demand for readymade food, the global batter and breader premixes sales market is soaring high.

Batter and breader premixes are basically food coatings that can be applied on meat, fish, poultry, vegetables, and seafood to improve its taste, texture, and maintain its dryness level at the time of frying or grilling. The increase in demand for ready-to-cook meals, processed meat, and poultry products amongst consumers has created a lucrative market for the batter and breader premixes. Convenience food such as packaged or processed meat and seafood is one of the major driver for the batter and breader premixes market. Urban lifestyled and mushrooming supermarkets and departmental stores have increased the sale of such packaged food. Refrigerated food items have gained exponential market demand as well, which is also driving the batter and breader premixes sales globally.

On the basis of region, the global batter and breader premixes sales market are segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America is the largest consumer of the batter and breader premixes. Europe and Asia Pacific are also witnessing rising demand for the batter and breader premixes, which is encouraging cumulative market growth.

The global batter and breader premixes sales market was valued at US$4426.89 mn in 2018 and it is expected to reach US$5780.23 mn by the end of 2024, rising at a CAGR of 4.67% between 2019 and 2024.

The leading players are working on different strategies such as technology advancements, new product development, joint ventures, and mergers and acquisitions to cement its position in the global market.  The research report provides users with minute details through PESTEL analysis, SWOT analysis, and Porters five force model of these companies in order to serve as guiding document for making accurate business decisions.

Click to view the full report: https://www.qyresearch.com/index/detail/1185564/global-batter-and-breader-premixes-sales-market

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