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.
Asia Pacific is the fastest-growing market during the forecast period in the global Batter & breader premixes.
The key markets in the Asia Pacific region include China, India, Japan, Australia & New Zealand, Thailand, Vietnam, others, and the Rest of Asia Pacific.
The Asia Pacific market is projected to grow at the highest CAGR of 6.7%, in terms of value, during the forecast period, driven by the growing demand for convenience foods and processed food, coupled with the changing lifestyle trends in the region. Other factors include changes in diets, which lead to an increase in the demand for processed meat products and the emergence of fast-food and quick-service restaurants in the region.
Key players in this market include Kerry Group (Ireland), Bunge Limited (US), Newly Weds Foods, Inc. (US), McCormick & Company (US), Showa Sangyo Co., Ltd. (Japan), Lily River Foods (US).