USD 9.9 billion
Report ID:
SQMIG30H2090 |
Region:
Global |
Published Date: February, 2024
Pages:
265
|Tables:
156
|Figures:
78
Pasta Sauce Market size was valued at USD 9.9 billion in 2019 and is poised to grow from USD 10.64 billion in 2023 to USD 18.98 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
The growing global popularity of pasta as a potential substitute for rice and other staple meals is expected to continue to be a positive factor for industry growth. The use of plastic wrapped pasta sauce drastically reduces the time required to gather all of the ingredients for the sauce, process it, and prepare the dish. As a result, such items are expected to become popular among students and middle-class professionals. Over the last few decades, the world has seen a substantial increase in the middle-class population, resulting in a high reliance on imported food and farm products. The growing middle-class population, combined with rapid urbanization, has increased demand for convenience packaged foods such as pasta.
Fast-casual food chains such as Pasta Flyer, Olive Garden, and Maggiano's have aided in the widespread acceptance of the delicacy. As a result, in addition to enjoying a variety of pasta outside, people prefer cooking it at home with the help of readymade sauce accessible in most grocery stores. Freshness, organic, and low sodium are some of the most important characteristics of creating a valuable product on the market for pasta sauce makers because they contribute to the importance of health of the food. The development of products in response to customized requirements is expected to keep the company's market share stable in the coming years. Furthermore, the pasta sauce manufacturers are expected to offer discounts for their products, which will broaden their consumer base.
US Pasta Sauce Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 9.9 billion
Largest Segment
Tomato-based Sauces
Fastest Growth
Tomato-based Sauces
Growth Rate
7.5% CAGR
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Global Pasta Sauce market is segmented based on Product Type, Distribution Channel, Packaging Type, Nature, Base, and region. Based on Product Type the market is segmented into Tomato-based Sauces (Traditional Sauce, Marinara Sauce, Meat Sauce, Mushroom Sauce, Roasted Garlic Sauce, Cheese Sauce, Tomato and Basil Sauce, Others), Pesto-based Sauces (Traditional Basil Pesto Sauce, Sun-dried Tomato Pesto Sauce, Others), Alfredo-based Sauces (Traditional Alfredo Sauce, Garlic Alfredo Sauce, Cheese Alfredo Sauce, Others). Based on Distribution Channel the market is segmented into Direct, Indirect (Store-based Retailing, Hypermarkets/ Supermarkets, Specialty Stores, Convenience Stores), Online Retailing. Based on Packaging Type the market is segmented into Glass Bottles (P.E.T.), Cans, Pouches, Cartons. Based on Nature the market is segmented into Organic. Conventional. Based on Base the market is segmented into Vegetable Based, Meat Based. Based on region the global Pasta Sauce market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pasta Sauce Market Analysis by Product Type
Tomato-based and marinara accounted for more than 25.0% of the market in 2021. Tomato garlic pasta sauce, Tomato basil pasta sauce, tomato roasted garlic pasta sauce, keto marinara, and garlic marinara are among the tomato-based pasta sauces available on the market. Typically, the sauce is seasoned with onions and herbs such as garlic, oregano, or basil. The sauce has a velvety texture with a rich bite of olive oil and the taste and juice of tomato. The sauce has become a part of many recipes around the world, and a regional version of the spice mix has evolved in the last few years, increasing its global adoption.
From 2022 to 2028, the alfredo and four cheese segment is expected to grow at the fastest rate, with a CAGR of 4.65%. The popularity of rich and creamy sauce has grown in most South Asian countries where the sauce has only recently been introduced.
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In 2021, Europe dominated the pasta sauce market, accounting for more than 30.0% of global revenue. The emergence of pasta in the region, as well as its widespread penetration in European countries, has fueled regional market growth.
From 2022 to 2028, Asia Pacific is expected to have the fastest CAGR of 4.7%. Pasta and pasta sauce have become widely available in the region as a result of food globalization. Fast-food restaurants have also aided in the growth of pasta penetration. Pasta sauce has grown in popularity in the region as pasta has become a staple of the diet.
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Pasta Sauce Market Drivers
Increasing preferences for ready-to-eat food products is the primary driver of the market
New product offerings with enhanced flavor and taste
Pasta Sauce Market Restraints
Pasta Manufacturing Industry Faces Transparency and Trust Challenges
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The presence of a significant number of players with a broad geographic presence, a strong brand image, and comprehensive distribution network makes the pasta sauce market competitive. Manufacturers in the market have also been concentrating on expanding their shelf space in offline distribution/retail channels due to the growing involvement of retail giants such as Carrefour and the rising popularity of shopping malls. Furthermore, they have been concentrating more on sponsorship deals and partnerships because these strategies help them reach the right audience. As a result, industry participants are expected to form alliances with local distributors in order to ensure continuous product access to buyers over the next few years. Furthermore, socially and environmentally sustainable and brand popularity help businesses generate more revenue.
Pasta Sauce Market Top Player’s Company Profiles
Barilla G. e R. Fratelli S.p.A.
Mars, Incorporated (Uncle Ben's, Dolmio)
Mizkan Group
Nestlé S.A. (Buitoni)
The Kraft Heinz Company
F.lli Saclà S.p.A.
Newman's Own, Inc.
The Hain Celestial Group, Inc.
Bertolli (a subsidiary of Unilever)
Del Monte Foods, Inc.
Giovanni Food Company, Inc.
Victoria Fine Foods, LLC
Cucina Antica Foods Corp.
Classico (a subsidiary of Kraft Heinz)
Ragu (a subsidiary of Mizkan)
Ina Garten, LLC (Barefoot Contessa)
Giovanni Rana
La San Marzano
Seggiano
Pasta Sauce Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global pasta sauce market analysis, we found that pasta sauce is gaining popularity in the emerging market as the prominence of western food recipes grows. Furthermore, increased consumer interest in the hotels and restaurants sector for western food as a result of less time allocated for household work such as cooking drives market growth. Furthermore, aggressive advertising and celebrity endorsement have aided the market growth. However, fluctuating prices of raw materials used in sauce production, such as condiments and vegetables, and government regulations prohibiting the use of chemical-based artificial ingredients in food products are major restraints for this market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 9.9 billion |
Market size value in 2031 | USD 18.98 billion |
Growth Rate | 7.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pasta Sauce Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pasta Sauce Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pasta Sauce Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pasta Sauce Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Pasta Sauce Market size was valued at USD 9.9 billion in 2019 and is poised to grow from USD 10.64 billion in 2023 to USD 18.98 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
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Report ID: SQMIG30H2090
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