World's Mixes and Doughs Market Poised for Steady Growth With 12% CAGR Through 2035

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The global mixes and doughs market is on a steady growth trajectory, with consumption reaching 18M tons and market value hitting $37.9B in 2024. Driven by consistent demand, the market is forecast to expand at a CAGR of +1.2% in volume and +2.4% in value through 2035, reaching 21M tons and $49.2B respectively. China is the dominant consumer and producer, accounting for 16% of global volume. International trade remains robust, with imports valued at $5.2B and exports at $5.5B in 2024, led by European nations and the United States. The UK showed the strongest import value growth, while the Netherlands led in export value expansion.

Key Findings

• Market forecast to grow steadily, reaching 21M tons and $49.2B by 2035
• China is the largest consumer and producer, holding a 16% global market share
• The UK experienced the fastest import value growth, while the Netherlands led export value expansion
• Global trade is significant, with import and export values exceeding $5B in 2024
• Per capita consumption is highest in Japan, the United States, and Pakistan

Market Forecast

Driven by increasing demand for mixes and doughs worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 21M tons by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.4% for the period from 2024 to 2035, which is projected to bring the market value to $49.2B (in nominal wholesale prices) by the end of 2035.

Consumption

World's Consumption of Mixes And Doughs

In 2024, consumption of mixes and doughs increased by 3.1% to 18M tons, rising for the second consecutive year after two years of decline. The total consumption volume increased at an average annual rate of +1.6% over the period from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2023 when the consumption volume increased by 5.1% against the previous year. Global consumption peaked in 2024 and is likely to continue growth in the immediate term.

The global mixes and doughs market value expanded modestly to $37.9B in 2024, growing by 4.9% 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 +2.3% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2023 with an increase of 8.2%. Over the period under review, the global market reached the peak level in 2024 and is likely to see gradual growth in years to come.

Consumption By Country

China (3M tons) remains the largest mixes and doughs consuming country worldwide, accounting for 16% of total volume. Moreover, mixes and doughs consumption in China exceeded the figures recorded by the second-largest consumer, India (1.2M tons), twofold. The United States (1.2M tons) ranked third in terms of total consumption with a 6.4% share.

In China, mixes and doughs consumption expanded at an average annual rate of +1.5% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+1.8% per year) and the United States (+0.4% per year).

In value terms, China ($6.4B) led the market, alone. The second position in the ranking was taken by the United States ($2.3B). It was followed by India.

From 2013 to 2024, the average annual rate of growth in terms of value in China amounted to +4.3%. In the other countries, the average annual rates were as follows: the United States (+1.9% per year) and India (-1.3% per year).

The countries with the highest levels of mixes and doughs per capita consumption in 2024 were Japan (3.8 kg per person), the United States (3.4 kg per person) and Pakistan (2.9 kg per person).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Nigeria (with a CAGR of +1.8%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World's Production of Mixes And Doughs

In 2024, production of mixes and doughs increased by 3% to 18M tons, rising for the second year in a row after two years of decline. The total output volume increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2023 with an increase of 5.3% against the previous year. Over the period under review, global production hit record highs in 2024 and is expected to retain growth in the immediate term.

In value terms, mixes and doughs production amounted to $39.3B in 2024 estimated in export price. The total output value increased at an average annual rate of +2.4% over the period from 2013 to 2024; 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 2022 when the production volume increased by 9.1%. Over the period under review, global production hit record highs in 2024 and is expected to retain growth in the immediate term.

Production By Country

China (3M tons) constituted the country with the largest volume of mixes and doughs production, 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. The third position in this ranking was taken by India (1.2M tons), with a 6.7% share.

In China, mixes and doughs production expanded at an average annual rate of +1.3% over the period from 2013-2024. In the other countries, the average annual rates were as follows: the United States (+0.2% per year) and India (+1.9% per year).

Imports

World's Imports of Mixes And Doughs

In 2024, after five years of growth, there was decline in supplies from abroad of mixes and doughs, when their volume decreased by -2.7% to 2M tons. The total import volume increased at an average annual rate of +2.2% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, global imports reached the maximum at 2M tons in 2023, and then declined modestly in the following year.

In value terms, mixes and doughs imports dropped modestly to $5.2B in 2024. Over the period under review, total imports indicated a tangible expansion from 2013 to 2024: its value increased at an average annual rate of +4.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +50.2% against 2020 indices. The pace of growth appeared the most rapid in 2023 with an increase of 18%. As a result, imports attained the peak of $5.3B, and then contracted modestly in the following year.

Imports By Country

Germany (165K tons), the United States (161K tons), the UK (154K tons), Canada (115K tons), France (89K tons), Italy (85K tons), Mexico (85K tons), Belgium (78K tons) and Spain (74K tons) represented roughly 51% of total imports in 2024. The Netherlands (70K tons) followed a long way behind the leaders.

From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the UK (with a CAGR of +7.8%), 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 UK ($495M), the United States ($450M) and Germany ($426M), with a combined 27% share of global imports.

The UK, with a CAGR of +10.3%, saw the highest growth rate of the value of imports, in terms of 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

The average mixes and doughs import price stood at $2,639 per ton in 2024, remaining relatively unchanged against the previous year. Over the last eleven years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2023 an increase of 18% against the previous year. As a result, import price reached the peak level of $2,654 per ton, leveling off in the following year.

Average prices varied somewhat amongst the major importing countries. In 2024, major importing countries recorded the following prices: in the UK ($3,221 per ton) and Italy ($2,982 per ton), while Spain ($2,253 per ton) and Belgium ($2,539 per ton) were amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other global leaders experienced more modest paces of growth.

Exports

World's Exports of Mixes And Doughs

In 2024, after three years of growth, there was decline in shipments abroad of mixes and doughs, when their volume decreased by -3.3% to 2.1M tons. The total export volume increased at an average annual rate of +1.5% from 2013 to 2024; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.5% against the previous year. Over the period under review, the global exports reached the peak figure at 2.1M tons in 2023, and then fell modestly in the following year.

In value terms, mixes and doughs exports fell slightly to $5.5B in 2024. Overall, total exports indicated a measured expansion from 2013 to 2024: its value increased at an average annual rate of +4.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, exports increased by +51.7% against 2020 indices. The most prominent rate of growth was recorded in 2023 when exports increased by 22% against the previous year. As a result, the exports attained the peak of $5.6B, and then dropped modestly in the following year.

Exports By Country

In 2024, France (347K tons) and the United States (307K tons) represented the main exporters of mixes and doughsin the world, together amounting to approx. 32% of total exports. Germany (189K tons) ranks next in terms of the total exports with a 9.1% share, followed by Belgium (6.8%), Canada (6.3%) and Austria (5.5%). The Netherlands (78K tons), Greece (73K tons), the UK (61K tons) and Singapore (40K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for the Netherlands (with a CAGR of +10.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, France ($1.2B), the United States ($628M) and Germany ($534M) were the countries with the highest levels of exports in 2024, together accounting for 44% of global exports. Belgium, Canada, Austria, the Netherlands, Greece, the UK and Singapore lagged somewhat behind, together accounting for a further 32%.

The Netherlands, with a CAGR of +12.9%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2024, the average mixes and doughs export price amounted to $2,635 per ton, rising by 1.7% against the previous year. Over the period from 2013 to 2024, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2023 when the average export price increased by 20%. Over the period under review, the average export prices reached the peak figure in 2024 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($3,514 per ton), while the United States ($2,045 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Canada (+2.7%), while the other global leaders experienced more modest paces of growth.