Report : South America Batter and Breader Premixes Market Forecast to 2027 - COVID-19 Impact and Regional 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)
According to a new market research study on “SAM 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),” was valued at US$ 168.5 million in 2019 and is projected to reach US$ 248.7 million by 2027; it is expected to grow at a CAGR of 5.3% from 2020 to 2027. The report provides trends prevailing in the SAM 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 SAM batter and breader premixes market. However, volatile prices of raw material may hinder batter and breader premixes growth in SAM. Besides, COVID-19 is anticipated to cause heavy loss in SAM economy. Brazil has the highest number of COVID-19 cases in South America, followed by Argentina, Peru, Chile, and Ecuador. The government of South America has taken an array of actions to protect their citizens and contain the spread of the novel coronavirus. It is anticipated that the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes—especially to China, Europe, and the US, which are important trade partners. Containment measures in several countries of South America would hamper economic activities in the manufacturing and service sectors for at least the next quarter, with a rebound once the epidemic is contained.
The SAM batter and breader premixes market is segmented into batter premixes type, breader premixes type, and application. The SAM 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 SAM batter and breader premixes market based on breader premixes type has been segmented into crumbs and flakes, and flour and starch. The SAM 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; Kerry Group; McCormick and Company, Inc.; Newly Weds Foods; and Showa Sangyo Co., Ltd.; are among the leading companies in the SAM 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.
The report includes the segmentation of SAM batter and breader premixes market as follows:
SAM Batter and Breader Premixes Market, by Batter Premixes Type
- Adhesion Batter
- Tempura Batter
- Beer Batter
- Thick Batter
- Customized Batter
SAM Batter and Breader Premixes Market, by Breader Premixes Type
- Crumbs and Flakes
- Flour and Starch
SAM Batter and Breader Premixes Market, by Application
- Meat
- Fish and Seafood
- Vegetables
- Others
SAM Batter and Breader Premixes Market, by Country
- Brazil
- Argentina
- Rest of SAM
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