Pasta Sauce Market with Competitive Analysis, New Business Developments and Top Companies: B&G Foods, Inc., Barilla G. e R. Fratelli SpA, Campbell Soup Company - re:Jerusalem

Pasta Sauce Market generated $3.10billion in 2018, and is estimated to reach $4.60billion by 2026, registering a CAGR of 5.8% from 2019 to 2026.The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Increase in demand for intercontinental cuisine, surge in demand from the HRI sector (Hotel, restaurants, and Institutions), and advancements in the fast food industry drive the growth of the global pasta sauce market. However, high cost of raw material and processing and government regulations on the use of preservatives hinder the market growth. On the other hand, rise in western food influence in emerging countries would create new opportunities in coming years.

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Covid-19 scenario:

Pasta sauce manufacturers across the globe have slowed down or halted their production due to disrupted supply of raw materials amid the lockdown due to Covid-19 pandemic.
The consumption of pasta sauce has been declined since the outbreak of Covid-19 as hotels and restaurants across the globe has been closed.
The report offers a detailed segmentation of the global pasta sauce market based on type, distribution channel, and region.

Based on distribution channel, the supermarkets/hypermarkets segment accounted for the largest share in 2018, holding more than one-third of the total share, and is expected to maintain the largest share throughout the forecast period. However, the online store segment is expected to register the highest CAGR of 6.1% from 2019 to 2026.

Based on type, the red sauce segment contributed to the largest share in 2018, accounting for nearly one-fifth of the total share, and the white sauce segment is estimated to maintain its contribute the highest revenue by 2026. However, the vegetable sauce segments estimated to portray the highest CAGR of 6.1% during the forecast period.

Based on region, North America contributed the highest share, accounting formore than two-fifths of the total market share in 2018, and will maintain its dominance throughout the forecast period. However,LAMEA is expected to grow at the highest CAGR of 4.9% from 2019 to 2026.

Leading market players analyzed in the research include Barilla G. e R. Fratelli S.p.A, B&G Foods, Inc.,ConAgra Foods, Inc.,Campbell Soup Company, Lassonde Industries Inc., Del Monte Foods, Inc., Mizkan America, Inc.,Mars, Incorporated,The Kraft Heinz Company, and Premier Foods Group Limited.

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