What is the CAGR for Pasta Sauce Market?

Pasta Sauces Market is projected to register a CAGR of 6.1% and reach a value of USD 5.3 billion by 2030

Market Overview:

Pasta sauces can be described as a savory. It is a mixture of several ingredients and finds notable applications in pasta to improve the taste of the delicacy. The global pasta sauce market size is enormous in terms of both volume and value as its popularity has transcended boundaries. Market Research Future (MRFR) discusses the growth pattern of the pasta for a forecast period that includes 2022 to 2030. There are various types available in the market like pesto-based sauces, tomato-based sauces, and alfredo-based sauces. However, clarification for best pasta sauce depends on the individual preference.

The global market for pasta sauces gets significant traction from the rising demand for ready-to-eat products. Its consumption is increasing as people are now getting less time to prepare proper meals. Hike in the launching of innovative products can also make sure that pasta sauces market grows in the coming years. Demand for healthy pasta sauce can also inspire better market expansion.

Competitive Landscape:

The world market for pasta sauce can make a substantial impact in the coming days with increasing influence of companies like Barilla S.p.A.(Italy), Mizkan Co.(Japan), ConAgra Foods, Inc.(the US), Mars Incorporated (US), Amy's Kitchen (US), Premier Foods PLC (UK), The Kraft Heinz Company (US), BG Foods Holdings Corp.(US), Newman Own Co.(US), and Campbell Soup Company (US). This growth can be measured well by their strategic moves. The recent ones have been covered by MRFR for a better analysis of how it is going to perform in the coming days.

Segmentation:

The global pasta sauces market size can be segmented by category, product type, distribution channel, and packaging type. These segments have charted several progress courses in the report published by MRFR to gauge the movements well.

By product type, the report on the pasta sauces market analysis can be segmented into pesto-based sauces, tomato-based sauces, bolognese sauces, alfredo-based sauces, and others. The tomato-based sauces segment can be studied better with segments like marinara sauce, traditional sauce, and others.

By category, the report covering the pasta sauces market revenue includes conventional and organic. The organic segment has better potentials now as growing awareness among people regarding health is driving the market towards a new direction.

By packaging type, the pasta sauces market includes cans, pouches, bottles jars, and others. The bottles jars segment is getting better growth due to their eco-friendly nature. However, pouches are also getting traction for their ease of application.

By distribution channel, the pasta sauces market can be segmented into store-based, and non-store based. The store-based distribution channel comprises convenience stores, supermarkets hypermarkets, and others.

Regional Analysis:

Europe has the maximum pasta sauce market share and has the potential to show extraordinary growth for the market. Fresh Pasta market is a native food of Italy, which is why its growth in the region is quite high. It has also become in other countries like France, the UK, Germany, and others where the growth would be much better for the pasta sauces. The cooking process is quite convenient owing to which it is fast becoming popular. People are looking for a variety in flavor that is why they are opting for these sauces that tickle the taste bud and create much interest or the food.

North America is also a huge market for pasta sauces as the US and Canada are emerging as major market contributors. This is majorly happening due to the growth in the number of manufacturers. High disposable income is also creating ample scope for the market to grow in the coming years. The Asia Pacific market is also getting traction from countries like India and Australia where pasta sauces’ popularity is picking up a good speed.

Industry News

In December 2019, Aldi launched a new pasta sauce that has been infused with wine to increase the taste of the product. This inclusion in the portfolio to inspire better expansion in the coming years.

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