SAN FRANCISCO, Aug. 24, 2020 /PRNewswire/ -- The
global pasta sauce market size is expected to reach
USD 17.33 billion
by 2027, according to a new report by Grand View Research,
Inc., expanding at a CAGR of 3.2% from 2020 to 2027.
The rapid adoption of pasta as a main course in formal meals among
working-class professionals and students is expected to remain a
favorable factor for industry growth. Furthermore, an increasing
number of vegans and vegetarians across the globe is one of the
major factors driving the adoption of vegetable-based pasta
sauce.
Key suggestions from the report:
- Based on the product, the alfredo and four cheese segment is
expected to witness the fastest growth during forecast years with a
CAGR of 4.1% from 2020 to 2027. Growing fondness towards
cheese-based items across the globe is leading to increasing demand
for the sauce
- By base, the meat-based segment is expected to witness the
fastest growth during forecast years with a CAGR of 3.6% from 2020
to 2027. Benefits pertaining to the consumption of meat and
enhanced deliciousness of the sauce due to animal fat are leading
to the rapid adoption of such products
- Asia Pacific is expected to
witness the fastest growth during forecast years with a CAGR of
4.7% from 2020 to 2027. Growing consumption of Italian foods in key
markets, including China,
Japan, and India, is expected to expand the scope of
products, including pasta sauce, as a condiment in the near
future
- Europe dominated the market
by accounting for over 30.0% share of the global revenue in 2019.
Predominant consumption of Italian foods in the region is expected
to have a favorable impact on industry growth.
Read 80 page research report with ToC on "Pasta Sauce Market
Size, Share & Trends Analysis Report By Product (Tomato Based
& Marinara, Alfredo & Four Cheese), By Base (Vegetable
Based, Meat Based), By Distribution Channel, And Segment Forecasts,
2020 - 2027" at:
https://www.grandviewresearch.com/industry-analysis/pasta-sauce-market
Consumers have been looking to include only plant-based items in
their meals to reduce the impact on the environment as well as
support animal welfare. Furthermore, increasing health
complications resulting from the regular consumption of meat is
compelling for people to opt for a vegetarian diet. Thus,
vegetable-based pasta sauce, which includes a wide variety of
plant-based ingredients, is expected to drive the market.
Product launches have played a vital role in assisting the wide
penetration. For instance, in September
2019, FarmToFork launched its simple, clean label,
sustainably grown tomato sauce. These products are non-GMO labeled
certified products and they do not contain sugar as well as
artificial flavors. The brand offers four flavorful varieties,
including marinara, caramelized onion & roasted garlic, tomato
basil, and spicy marinara at a retail price of USD 5.99 and USD
7.99.
Tomato-based and marinara pasta sauce dominated the market with
a share of more than 25.0% in 2019. The product is expected to
maintain its lead in the future owing to its low-calorie content
and growing consciousness among consumers regarding including
healthier food in a regular diet.
Grand View Research has segmented the global pasta sauce
market on the basis of product, base, distribution channel, and
region:
- Pasta Sauce Product Outlook (Revenue, USD
Million, 2016 - 2027)
-
- Tomato-Based & Marinara
- Ragù & Bolognese
- Pesto
- Alfredo & Four Cheese
- Others
- Pasta Sauce Base Outlook (Revenue, USD Million, 2016 -
2027)
-
- Vegetable-Based
- Meat Based
- Pasta Sauce Distribution Channel Outlook (Revenue, USD
Million, 2016 - 2027)
-
- Hypermarkets & Supermarkets
- Convenience Stores
- Online Stores & D2C
- Pasta Sauce Regional Outlook (Revenue, USD Million, 2016 -
2027)
-
- North America
-
- Europe
-
- Asia Pacific
-
- Central & South
America
-
- Middle East & Africa
- List of Key Players of Pasta Sauce Market
-
- Barilla G. e R. Fratelli S.p.A
- Bertolli
- Conagra Brands.
- CSC Brands LP
- Del Monte Food, Inc.
- Frontier Co-op
- International Gourmet Specialties
- Mizkan America, Inc.
- No Limit, LLC
- Trader Joe's.
Find more research reports on Consumer F&B
Industry, by Grand View Research:
- Fish Sauce Market – The global fish sauce market size was
estimated at USD 15.32 billion in
2018 and is expected to grow at a CAGR of 3.51%. It is used as a
dipping sauce & seasoning., wide product usage is responsible
for market growth.
- Soy Sauce Market – The global soy sauce market size was valued
at USD 39.7 billion in 2018. The
market is projected to expand at CAGR of 5.9%. It is flavor
enhancer and seasoning ingredient by food manufacturers, food
retail chains, and restaurants.
- Oyster Sauce Market– The global oyster sauce market size
was estimated at USD 8.20 billion in
2018 and is expected to register a CAGR of 4.5% from 2019 to 2025.
The market growth is attributed to the increasing popularity of
Asian cuisine.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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