
Published On: Feb 2021
Published On: Feb 2021
According to a new market research study on “Europe 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$ 810.51 million by 2027 from US$ 525.16 million in 2019 and is expected to grow at a CAGR of 5.9% from 2020 to 2027. The report provides trends prevailing in the Europe batter and breader premixes market along with the drivers and restraints pertaining to the market growth. Increase in the consumption of premium meat products is the primary factor driving the Europe batter and breader premixes market. However, volatile prices of raw material may hinder batter and breader premixes growth in Europe. Besides, COVID-19 has affected economies and industries in various countries due to travel bans, lockdowns, and business shutdowns. In Europe, as per the recent data, Russia has recorded the highest number of COVID cases. Other than this, France, UK, Italy, Spain and Germany have also been hit hard and are expected to suffer an economic hit due to a lack of revenue from various industries. Other member states have implemented drastic measures and travel restrictions, including partially closing their borders. This is anticipated to impact market growth in Europe.
The Europe batter and breader premixes market is segmented into batter premixes type, breader premixes type, and application. The Europe 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 Europe batter and breader premixes market based on breader premixes type has been segmented into crumbs and flakes, and flour and starch. The Europe 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.
Bowman Ingredients, Kerry Group, Newly Weds Foods, Solina Group are among the leading companies in the Europe 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, Europe's 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 Europe Batter And Breader Premixes Market As Follows:
Europe Batter and Breader Premixes Market, by Batter Premixes Type
Europe Batter and Breader Premixes Market, by Breader Premixes Type
Europe Batter and Breader Premixes Market, by Application
Europe Batter and Breader Premixes Market, by Country
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