Global Pasta Sauce Market to Reach US$ 12.0 Billion by 2027, Impelled by Rising Preference for Convenience Foods

November 25, 2022

According to the latest report by IMARC Group, titled "Pasta Sauce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global pasta sauce market reached a value of US$ 9.9 Billion in 2021. Pasta sauce is a semi-solid or cream-based liquid that gives distinct flavor and taste to the pasta. It is a savory food item that comprises mixtures of ingredients used as toppings for pasta that aid in enhancing the overall taste and texture of the food. It is generally prepared by mixing onions, tomatoes, garlic, seasonings and herbs that provide a delicious taste and aroma to the pasta. Besides this, it also contains different ingredients and condiments, such as vegetables, meat, mushrooms, marinara, roasted portobello, primavera, cheese and arrabbiata. Some of the popularly consumed pasta sauces across the globe include pesto, red and white that differ on the basis of their taste and ingredients.

Global Pasta Sauce Market Trends:

The global market is primarily driven by the growing consumption of pasta among the masses. This is supported by the changing dietary patterns and shifting lifestyle preferences of individuals. Coupled with the rising preference for convenience foods due to the hectic schedules led by the working population, this is providing a thrust to the market. In response to the escalated demand, numerous leading players are heavily investing in introducing packaged and canned pasta sauces, which are gaining widespread prominence among the masses. Along with this, the advent of home delivery models and the easy product availability via online and offline organized distribution channels are impacting the market favorably. Moreover, the proliferation of quick service restaurants (QSRs) and food joints is impelling the sales of pasta sauce across the globe. Furthermore, the development of aggressive marketing strategies, promotional campaigns and innovative packaging solutions are acting as other growth-inducing factors. Other factors, including rapid urbanization, inflating disposable income levels of individuals and the growing popularity of western cuisines among the masses, are also positively influencing the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 12.0 Billion by 2027, exhibiting a CAGR of 3.08% during 2022-2027.

Market Summary:

  • On the basis of the product type, the market has been segmented into tomato-based sauces (traditional, marinara, meat, mushroom, roasted garlic, cheese, tomato and basil, and other sauces), pesto-based sauces (traditional basil pesto, sun-dried tomato pesto and other sauces) and alfredo-based sauces (traditional alfredo, garlic alfredo, cheese alfredo and other sauces). Presently, tomato-based sauces represent the leading market segment. 
  • Based on the packaging type, the market has been classified into glass bottles, PET, cans, pouches and cartons. Among these, glass bottles account for the majority of the total market share.
  • On the basis of the distribution channel, the market has been bifurcated into direct and indirect (store-based retailing, supermarkets, specialty stores, convenience stores and online retailing). The indirect segment currently exhibits a clear dominance in the market.
  • Based on the region, the market has been divided into Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru and others) and the Middle East and Africa (Turkey, Saudi Arabia, Iran, the United Arab Emirates and others). Presently, the Europe region holds the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
     

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Global Pasta Sauce Market to Reach US$ 12.0 Billion by 2027, Impelled by Rising Preference for Convenience Foods
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