The gravy mixes market is a segment within the food industry that focuses on providing convenient and flavorful gravy solutions to consumers. Gravy mixes are powdered or granulated products that can be easily prepared by adding water or other liquids. These mixes typically contain a blend of spices, herbs, thickeners, and flavor enhancers to create a rich and savory gravy.
One of the key factors driving the growth of the gravy mixes market is the increasing demand for quick and easy meal solutions. In today’s fast-paced lifestyle, consumers often look for convenient options that require minimal preparation time. Gravy mixes offer a convenient solution for those who want to enjoy homemade-style gravy without the hassle of making it from scratch.
Another significant factor contributing to the market’s growth is the rising popularity of home cooking and DIY food preparation. Many consumers are becoming more interested in preparing meals at home, and gravy mixes provide them with an easy way to enhance the flavor of their dishes. Gravy mixes are versatile and can be used with various meat, poultry, and vegetable dishes, making them a versatile addition to any kitchen.
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The worldwide gravy mixes market is gauged to be esteemed at US$ 16,933.5 Million in 2022. During the estimated time frame going from 2022 to 2032, deals of Gravy Mixes are supposed to develop at a CAGR of 6.9%, to be esteemed at US$ 33,000.7 Million.
Gravy mixes are highly preferred as ideal flavor enhancers. Manufacturers of gravy mixes offers a wide range of pack sizes ranging from single serving to family packs. Furthermore, gravy mixes consumes less time in preparation and therefore, the preference for gravy mixes is expected to grow during the forecast period as the demand for easy-to-cook products increases.
Gravy mixes are preferred by many households for family gatherings and weekend dinners, as a perfect solution to eliminate the need to stand in the kitchen for long hours. The outlook for the growth of the global gravy mixes market is expected to remain largely positive during the next ten years.
Global gravy mixes market: Market Dynamics
The global gravy mixes market is expected to grow on the backdrop of growing demand for semi-processed and easy-to-prepare food products with a healthy balance of fresh herbs and spices. Gravy mixes are ideal for family gatherings, and therefore, are a staple in many western countries.
In addition, growing penetration of retail and easy access to departmental stores in developing countries is expected to lead to the growth in sales of gravy mixes. Despite the positive outlook, one of the key factors that might possibly act as a restraint to the growth of the global gravy mixes market is that a significant population of consumers in developing countries prefer traditional spice mixes for their recipes.
Global gravy mixes market: Regional Outlook
The global gravy mixes market has been divided into seven key regions – North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Middle East & Africa (MEA), and Japan. The North America gravy mixes market is anticipated to retain the leading position over the forecast period.
This is attributed to the well-established retail sector in the region. The Western Europe gravy mixes market is expected to follow closely. The APEJ region might witness growth in sales of gravy mixes during the next ten years. However, penetration is expected to be low due to prevalence of traditional recipes and spices for cooking. The key contributor to the growth of the gravy mixes market in the MEA region is expected to be the migrating population from foreign countries in the region.
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Global gravy mixes market: Key Players
- Southeastern Mills, Inc.
- McCormick & Company, Inc.
- Campbell
- Edward & Sons
- Kent Precision Foods Group, Inc.
- Knorr
- Food Club
- Schwartz
- Pioneer Foods
- Suhana Masala
- MountainKing Potatoes
- Pioneer Gravy
- Hellmann’s
- ALCO FOODS PRIVATE LIMITED
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Global gravy mixes market: Segmentation
The global gravy mixes market has been segmented on the basis of product origin, type, packaging type, distribution channel, and end use.
On the basis of origin, the global gravy mixes market has been segmented as –
- Organic
- Conventional
On the basis of product type, the global gravy mixes market has been segmented as –
- Vegan
- Brown
- Mushroom
- Others
- Non-vegan
- Beef
- Poultry
- Pork
- Others
On the basis of packaging type, the global gravy mixes market has been segmented as –
- Rigid Packaging
- Food cans
- Jars
- Flexible Packaging
- Pouches
- Sachets
On the basis of distribution channel, the global gravy mixes market has been segmented as –
- Modern Grocery Retail
- Hypermarket/Supermarkets
- Departmental Stores
- Convenience Stores
- Traditional Grocery Retail
- Specialty stores
- Independent grocery stores
- E-retail
On the basis of end-use, the global gravy mixes market has been segmented as –
- Households
- Commercial establishments
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