Asia Pacific Batter and Breader Premixes Market Forecast to 2027 - COVID-19 Impact and Analysis - by Batter Premixes Type, Breader Premixes Type, and Application

According to a new market research study on “Asia Pacific Batter and Breader Premixes Market Forecast to 2027 - COVID-19 Impact and Analysis - By Batter Premixes Type (Adhesion Batter, Tempura Batter, Beer Batter, Thick Batter, and Customized Batter), Breader Premixes Type (Crumbs and Flakes, Flour and Starch), and Application (Meat, Fish and Seafood, Vegetables, and Others),” is expected to reach US$ 683.56 million by 2027 from US$ 422.24 million in 2019 and is expected to grow at a CAGR of 6.5% from 2020 to 2027. The report provides trends prevailing in the Asia Pacific batter and breader premixes market along with the drivers and restraints pertaining to the market growth. Growing inclination towards low-carb and gluten-free products is the primary factor driving the Asia Pacific batter and breader premixes market. However, volatile prices of raw material may hinder batter and breader premixes growth in Asia Pacific. Besides, COVID-19 is anticipated to cause heavy loss in Asia Pacific economy. The consequence and impact might worsen in the coming months, depending on the spread of the virus. Governments in Asia Pacific countries are taking possible steps to reduce the effects of pandemic by imposing lockdowns, which, however, impacts the revenue generation by regional companies. The Airports Council International (ACI) Asia-Pacific has warned that the prolonged duration of the COVID-19 outbreak would drastically impact the region’s airports’ connectivity and economic sustainability, significantly restricting them from achieving previously set growth prospects. Such suspension of activities is anticipated to hinder the batter and breader premixes market growth in this region in the coming period.

The Asia Pacific batter and breader premixes market is segmented into batter premixes type, breader premixes type, and application. The Asia Pacific batter and breader premixes market have been divided into five categories on the basis of batter premixes type. These categories are adhesion batter, tempura batter, beer batter, thick batter, and customized batter. In 2019, the adhesion batter segment dominated the market and is the fastest growing segment. The Asia Pacific batter and breader premixes market based on breader premixes type has been segmented into crumbs and flakes, and flour and starch. The Asia Pacific batter and breader premixes market was dominated by the crumbs and flakes segment. On the basis of application, the batter and breader premixes market is categorized into meat, fish and seafood, vegetables, and others. The meat segment held a substantial share during the forecast period.

Blendex Company; Bowman Ingredients; Kerry Group; McCormick and Company, Inc.; Newly Weds Foods; Showa Sangyo Co., Ltd.; Solina Group are among the leading companies in the Asia Pacific batter and breader premixes market. The major players in the batter and breader premixes market are focused on strategies such as mergers and acquisitions and research and development to increase the geographical presence and consumer base globally. For instance, in September 2020, Solina, leading manufacturer of savoury ingredients solutions for the food industry, announced the completion of the acquisition of Bowman Ingredients by Bowman Family shareholders. Bowman Ingredients is a major supplier of food service and retail food processors coating systems for products including breadcrumbs, batters and marinades.

The Report Segments The Asia Pacific Batter and Breader Premixes Market As Follows:

By Batter Premixes Type

• Adhesion Batter
• Tempura Batter
• Beer Batter
• Thick Batter
• Customized Batter

By Breader Premixes Type

• Crumbs and Flakes
• Flour and Starch

By Application

• Meat
• Fish and Seafood
• Vegetables
• Others

By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of Asia Pacific

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