A recent report published by Infinium Global Research on pasta sauce market provides in-depth analysis of segments and sub-segments in the global as well as regional pasta sauce market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional pasta sauce market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global pasta sauce market. According to the report, the global pasta sauce market is projected to grow at a CAGR of 5.6% over the forecast period of 2019-2025.
The leading players in the pasta sauce market are focusing on mergers, acquisitions, and new product launches. Nowadays pasta is becoming a popular food for youth and the availability of various sauces has made it more attractive to eat. In 2016, The Kraft Heinz Company’s Classico brand introduces Classico Riserva which is the newest addition to Classico line of pasta sauces.
The rising preference for intercontinental cuisine drives the growth of the pasta sauce market. The availability of a wide variety of international brands of pasta sauces contributes to the growth of the pasta sauce market. The rising disposable income fuel the growth of pasta sauce market. The increasing demand for various pasta dishes contributes to the growth of the pasta sauce market. The rising consumption of sauces and preferences for various flavors stimulate the growth of pasta sauce market. In 2016, the United States represented 20% of the World’s retail sales for sauces, dressings, and condiments. In addition, nutritionist agrees that pasta is healthy food and the human body needs complex carbohydrates that are offered by pasta. So pasta is becoming a popular dish that promotes the growth of the pasta sauce market. On the other hand, pasta sauces cost high due to the high costs of its raw materials that hampers the growth of the pasta sauce market. Moreover, new innovative flavors and tastes in pasta sauces as per changing consumer taste and preferences create opportunities for the growth of pasta sauce market.
Geographically, the global pasta sauce market is classified into North America, Asia-Pacific, Europe, and the RoW. Europe is anticipated to hold the largest share in the global pasta sauce market since pasta is the traditional cuisine of Italy. North America region is expected to grow in the pasta sauce market with a healthy CAGR over the forecast period. The rising consumption of pasta in the United States, fuel the growth of the pasta sauce market in the North America region. On average, the U.S. consumes around 5.95 billion pounds of pasta per year.
The report on global pasta sauce market covers segments such as type, packaging, and distribution channel. On the basis of type, the sub-markets include red sauce, green sauce, white sauce, emulsified sauce, meat-based sauce, butter sauce, vegetable sauce, and other types. On the basis of packaging, the sub-markets include glass, cans, pouches, PET, and cartons. On the basis of distribution channel, the sub-markets include direct, and indirect.
The report provides profiles of the companies in the market such as Mizkan Holdings Co., Ltd., Barilla S.p.A., Dolmio (Mars Inc.), Hunts (ConAgra Foods, Inc.), The Kraft Heinz Company, Newman Own Co., B&G Foods Holdings Corp., CSC Brand LP, Premier Foods plc. Lassonde Specialties Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of pasta sauce market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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