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
- The U.K.
- Germany
- Italy
- Asia Pacific
- China
- Japan
- 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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Pasta Sauce Market Size Worth $17.33 Billion By 2027 | CAGR: 3.2%: Grand View Research, Inc. - PRNewswire
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