Gravy Mixes Market to Expand with Significant CAGR During 2020 - 2030

Posted by VISHAL PAHURKAR on January 29th, 2021

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.

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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

  • 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 the distribution channel, the global gravy mixes market has been segmented as

  • Hypermarket/Supermarkets
  • Departmental Stores
  • Convenience Stores
  • Specialty stores
  • Independent grocery stores
  • E-retail

On the basis of the end-use, the global gravy mixes market has been segmented as

  • Households
  • Commercial establishments

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.

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VISHAL PAHURKAR

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VISHAL PAHURKAR
Joined: February 24th, 2020
Articles Posted: 290

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