![Global Pasta Sauce Market](https://res.cloudinary.com/devmoveo/image/upload/v1675849693/skyquest/gallery/Global-Pasta-Sauce-Market.jpg)
Report ID: SQMIG30H2090
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.
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REQUEST FREE CUSTOMIZATIONPasta 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