Global Gravy Mixes Market: Market Outlook
Gravy Mixes are a mix of spices and fixings imbued with vegetables and fragrance and are utilized for the preparation of meals. Gravy mixes are profoundly preferred as perfect flavor enhancers. Makers of gravy mixes offer a wide scope of pack sizes extending from family packs to a single serving. Gravy mixes are favored by numerous families for social events and weekend meals, as an ideal solution for convenience. Gravy mixes eliminate the number of ingredients that are required at the time of food preparation as all the necessary ingredients is already present in it. It requires less time for preparation and is simple to cook thus gaining attention globally.
The trend of having convenience food has increased the demand for gravy mixes. The change in the lifestyle of the consumers along with the soaring working population have shown a keen inclination towards convenience foods which is a key trend anticipating growth for gravy mixes. The vegan diet movement has been led by the consumers owing to the benefits of consuming plant-based products along with preserving animals which have driven the market for vegan product type gravy mixes. Consumers in developing countries prefer traditional spice mixes in their recipes which may be a factor restraining the growth for gravy mixes.
Global Gravy Mixes Market: Market Dynamics
Spotlight on easy-to-prepare food products to drive the market for gravy mixes
With the increasing complexity in consumer dynamics due to professional and personal commitment, the frequency of fresh cooking has gone down with a positive impact for convenience food thus surging the need for gravy mixes. Gravy mixes come as an easy option for cooking thus without standing for long hours in the kitchen the desired food can be prepared also feasible for the consumers who do not know how to cook.
Global Gravy Mixes Market: Segmentation
The global gravy mixes market has been segmented based on product origin, type, packaging type, distribution channel, and end use.
On the basis of origin, the global gravy mixes market has been segmented as
On the basis of product type, the global gravy mixes market has been segmented as
On the basis of packaging type, the global gravy mixes market has been segmented as
On the basis of the distribution channel, the global gravy mixes market has been segmented as
On the basis of the end-use, the global gravy mixes market has been segmented as
Global Gravy Mixes Market: Key Players
The key players operating in the global gravy mixes market are McCormick & Company, Inc., Kent Precision Foods Group, Inc., Campbell Company of Canada, Southeastern Mills, Inc., Edward & Sons., and others
Global Gravy Mixes Market: Opportunities
Owing to the growing trend of easy-to-prepare and semi-processed food that has dominated the food industry, the demand for gravy mixes remains high. Existing manufacturers are into continuous innovation cycle for the gravy mixes to provide customers which more variants and enhanced flavor. With modern distribution outlets and online retailing, manufacturers are penetrating the products to various locations. Established companies are using the strategy of expansion and are investing huge capital for organic, vegan and gluten-free gravy mixes for serving the consumers demanding the same but the growing population and their need for convenience products may prove to be a great opportunity for the new players planning to enter this market.
Global Gravy Mixes Market: Regional Outlook
North America is anticipated to retain the leading position in the gravy mixes market due to the increasing number demanding for convenience food with a well-established retail sector followed by Europe. The penetration for gravy mixes is expected to be low in the Asia-Pacific region due to the prevalence of traditional cooking spices and recipes. The Middle East and Africa region are expected to be key contributors towards the growth of gravy mixes as the number of moving population from foreign countries are high in this region.
COVID-19 Impact on Global Gravy Mixes Market
The COVID-19 outbreak has severely impacted the global economy and many industries are expected to witness a slow growth rate. The food and beverage industry is also expected to witness the consequences of the pandemic as the supply chain has been disrupted and the production of various ingredients has come to a standstill. The government and food industry have come together to serve consumers with the necessary foods items so convenience food like the gravy mixes market may have to face the moderate consequences of the pandemic due to less consumption.