Mixes And Doughs Market

The global market for mixes and doughs is expected to see a steady increase in consumption and value over the next eight years. By 2030, the market volume is projected to reach 22M tons, with a value of $48.6B. China, India, and the United States lead in both consumption and production of mixes and doughs. The market has shown consistent growth over the past decade, with China experiencing the highest average annual consumption rate. In terms of exports and imports, the United States, France, Germany, and Belgium are among the largest players in the global market.

Market Forecast

Driven by increasing demand for mixes and doughs worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 22M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.2% for the period from 2022 to 2030, which is projected to bring the market value to $48.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Mixes And Doughs

In 2022, the amount of mixes and doughs consumed worldwide amounted to 17M tons, remaining stable against the year before. The total consumption volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked at 18M tons in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

The global mixes and doughs market value amounted to $32.4B in 2022, growing by 3.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption reached the peak level of $34.7B. From 2019 to 2022, the growth of the global market remained at a lower figure.

Consumption By Country

China (2.9M tons) remains the largest mixes and doughs consuming country worldwide, accounting for 17% of total volume. Moreover, mixes and doughs consumption in China exceeded the figures recorded by the second-largest consumer, India (1.1M tons), threefold. The United States (1.1M tons) ranked third in terms of total consumption with a 6.5% share.

In China, mixes and doughs consumption expanded at an average annual rate of +3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+3.1% per year) and the United States (+0.0% per year).

In value terms, China ($4.2B), India ($2.3B) and the United States ($2B) were the countries with the highest levels of market value in 2022, together accounting for 26% of the global market. Japan, Ethiopia, Pakistan, Indonesia, Germany, Bangladesh, Mexico, Brazil, the UK and Nigeria lagged somewhat behind, together comprising a further 26%.

Nigeria, with a CAGR of +9.5%, recorded the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of mixes and doughs per capita consumption in 2022 were Germany (5.1 kg per person), the UK (4.6 kg per person) and the United States (3.4 kg per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Nigeria (with a CAGR of +9.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Mixes And Doughs

In 2022, approx. 18M tons of mixes and doughs were produced worldwide; almost unchanged from the year before. The total output volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 8.3% against the previous year. Over the period under review, global production hit record highs at 18M tons in 2018; however, from 2019 to 2022, production remained at a lower figure.

In value terms, mixes and doughs production reduced slightly to $30.7B in 2022 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 9.8% against the previous year. Over the period under review, global production attained the peak level at $34.8B in 2019; however, from 2020 to 2022, production remained at a lower figure.

Production By Country

China (2.9M tons) remains the largest mixes and doughs producing country worldwide, comprising approx. 16% of total volume. Moreover, mixes and doughs production in China exceeded the figures recorded by the second-largest producer, the United States (1.3M tons), twofold. India (1.1M tons) ranked third in terms of total production with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +3.6%. In the other countries, the average annual rates were as follows: the United States (+0.1% per year) and India (+3.2% per year).

Imports

World Imports of Mixes And Doughs

In 2022, the amount of mixes and doughs imported worldwide expanded notably to 2M tons, picking up by 5.6% compared with 2021. The total import volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 16%. Over the period under review, global imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, mixes and doughs imports rose significantly to $4.5B in 2022. The total import value increased at an average annual rate of +5.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports By Country

Germany (164K tons), the United States (151K tons), the UK (124K tons), Canada (121K tons), France (108K tons), Italy (108K tons), Belgium (87K tons), Spain (73K tons), the Netherlands (73K tons), Mexico (64K tons), Poland (63K tons) and Austria (57K tons) represented roughly 59% of total imports in 2022. Venezuela (53K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Venezuela (with a CAGR of +42.0%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest mixes and doughs importing markets worldwide were the United States ($391M), Germany ($339M) and the UK ($327M), with a combined 23% share of global imports. Canada, Italy, France, Belgium, the Netherlands, Mexico, Spain, Poland, Austria and Venezuela lagged somewhat behind, together comprising a further 37%.

Venezuela, with a CAGR of +31.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2022, the average mixes and doughs import price amounted to $2,236 per ton, rising by 7.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($2,643 per ton), while Venezuela ($734 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.1%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Mixes And Doughs

In 2022, global mixes and doughs exports rose to 2.1M tons, picking up by 2.4% compared with 2021 figures. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 13% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, mixes and doughs exports rose notably to $4.5B in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

In 2022, the United States (288K tons), France (269K tons), Germany (217K tons), Belgium (170K tons), Austria (129K tons) and Canada (119K tons) represented the largest exporter of mixes and doughs in the world, achieving 56% of total export. Greece (75K tons), the UK (65K tons), Brazil (63K tons), the Netherlands (53K tons), Poland (49K tons), Singapore (48K tons) and Switzerland (42K tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +41.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest mixes and doughs supplying countries worldwide were France ($689M), the United States ($601M) and Germany ($480M), with a combined 39% share of global exports. Belgium, Canada, Austria, Greece, the UK, the Netherlands, Singapore, Poland, Switzerland and Brazil lagged somewhat behind, together comprising a further 39%.

In terms of the main exporting countries, Brazil, with a CAGR of +27.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average mixes and doughs export price amounted to $2,154 per ton, surging by 6.4% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 6.9% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($2,650 per ton), while Brazil ($930 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform