Pasta Sauce Market Analysis forecast to 2029 Focusing on Top Key Players – Barilla G. e R. Fratelli S.p.A, Bertolli (Mizkan America, Inc.)

Pasta Sauce Market

The pasta sauce market is expected to grow at an exponential rate during the forecast period owing to the rising pasta consumption and the growing incomes globally. Consumer preference for pasta over traditional staple meals is expected to drive the demand for pasta sauce. Additionally, the growing appetite for global cuisines coupled with higher acceptance of continental cuisine can create demand for pasta sauce. The high convenience and health benefits of the sauce are expected to fuel the market growth. A drastic surge in the demand for such products, particularly among working professionals and students is noted. Over the past few years, the world has witnessed huge growth in the middle-class populace which is uplifting the demand for pasta sauce.

Growing international food chains and specialized restaurants, particularly in the emerging markets present potential business opportunities for food-related and retail industries. The surge in the number of upcoming hotels has further led the market towards a growth trajectory. For instance, Marriott plans to launch around 1000 hotels by the year 2024 across the world. The below-mentioned info-graph depicts global pasta production in 2019.
According to the international research by Unione Italiana Food and ICE Agency, during the pandemic lockdowns, there was an increase in pasta consumption, as 1 out of 4 consumers bought more pasta. The consumer's inclination towards Italian taste in their pasta and willingness to try novelties is anticipated to boost the market growth during the forecast period.

The industry is a wide hospitality market covering hotels, restaurants, and cafes and is carving a niche in the retail market. Major players in the pasta sauce market increasingly become a part of the HoReCa market that serves the hotel industry. Strong economic growth, a rising populace of millennials, and digitalization are vital factors fueling the growth of the hospitality sector.

Globally, there is a surge in the number of hotels and restaurants, particularly in emerging markets. People now eat out at cafes and restaurants more often than ever and for a wider range of occasions, which in turn, drives the hospitality industry’s growth. According to the U.S. Travel Association, in 2019 travelers spent around USD 278.9 billion on food services. Cafes and restaurants are larger customers for pasta sauce as compared to hotels. Millennials and young demographics are spending more time in cafes, which in turn, is expected to boost the market growth.

Social media influence and high awareness of different pasta flavors also augment demand and are expected to positively influence the market growth during the forecast period. Moreover, the millennial population’s preference for varied flavors of pasta sauce and their growing disposable income are expected to oversee demand growth. Strong distribution and retail channels around the world also foster the pasta sauce market growth.

Europe is predicted to dominate the global pasta sauce market during the forecast period, backed by the rising pasta consumption and growing popularity of ready-made sauces. Italy, Germany, and France are spearheading the regional market, thereby accelerating product sales. In 2019, Italy and Greece were among the top five countries for high pasta consumption, accounting for 23.1 kg and 11.4 kg, respectively.

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The Major Prominent Players Covered in this Report:
Barilla G. e R. Fratelli S.p.A, Bertolli (Mizkan America, Inc.), Conagra Brands, Inc., CSC Brands LP, Del Monte Food, Inc., Frontier Co-op, International Gourmet Specialties, Trader Joe’s, B&G Foods, Inc., Lassonde Industries Inc., Premier Foods Group Limited, Mars Incorporated, The Kraft Heinz Company, and many others.

By Type
Red Sauce
White Sauce
Green Sauce
Emulsified Sauce
Others

By Base
Meat-based Sauce
Vegetable Sauce

By Distribution Channel
B2B
B2C
Store-Based Retail
Specialty Retail Stores
Hypermarkets/ Supermarkets
Convenience Stores
Online Stores

By Nature
Organic
Non-Organic

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key Pasta Sauce Market Trends:
- The report identifies, determines, and forecasts the Global Pasta Sauce Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Pasta Sauce Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Pasta Sauce Market.

Key Questions Answered in The Report:
What will the Pasta Sauce market growth rate?
What are the key factors driving the global Pasta Sauce market?
Who are the key manufacturers in the Pasta Sauce market space?
What are the market opportunities, market risk, and market overview of the Pasta Sauce market?
What are sales, revenue, and price analysis of top manufacturers of the Pasta Sauce market?
Who are the distributors, traders, and dealers of the Pasta Sauce market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Pasta Sauce Industry?
What are sales, revenue, and price analysis by regions of Pasta Sauce industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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