The 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 an increasing inclination towards low-carb gluten free products.
North America is projected to reach USD 1,614.9 million during the forecast period.
North America dominates the global batter & breader premixes market; it accounted for a 47.0% market share in 2020. This is due to the increasing demand for convenience food items in the meat and seafood category. Also, the high standard of living has accelerated the snacks industry of this region, which, in turn, is accelerating the growth of the batter & breader premixes market.
The US is projected to dominate the North American batter & breader premixes market during the forecast period. This is due to the high awareness among consumers and food centers about the usage of these premixes in different applications. Other factors contributing to the growth of the market are the advantages offered by these products, such as better visual appeal, texture, and taste; as well as the increasing popularity of meat and seafood products coated with batters and breaders.
Europe will dominate the batter and breader premixes market, with a value of USD 382.5 million in 2021; it is projected to reach USD 698.1 million by 2026, at a CAGR of 7.0% during the forecast period.
Its major competitors are 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).