As per the report published by Fior Markets, The global pasta sauce market is expected to grow from USD XX Million in 2017 to USD XX Million by 2025 at a CAGR of XX% during the forecast period from 2018-2025. The Asia Pacific region is dominating region due to the increasing preference of consumers for lip-smacking food products
Global Pasta Sauce Market by Nature (Organic, Conventional), Product Type (Tomato-based Sauces, Pesto-based Sauces, Alfredo-based Sauces), Packaging Type, Distribution Channel, Region Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include are Mizkan Co., Barilla S.p.A., Dolmio (Mars Inc.), Hunts (ConAgra Foods, Inc.), The H. J. Heinz Company, Newman Own Co., B&G Foods Holdings Corp., CSC Brand LP, Premier Foods plc., Lassonde Specialties Inc., Giovanni Food Company, Inc., Pellicanos Specialty Foods, Vino De Milo, Delgrosso Foods Inc., Nature’s Sun Grown Foods, Inc., Monterey Gourmet Foods, Dave’s Gourmet Inc., Nellino’s Sauce Co., among others. Leaders are providing better opportunities and continuously focused on new product developments and venture capital investments to capture market share. For instance, in August 2015, ADM launched distribution and merchandizing offices in El Salvador and Guatemala to increase its footprint in Central America.
Nature segment is divided into segments such as organic and conventional. The organic nature pasta sauce segment is dominating the market in 2017. The organic nature pasta sauce is used as food grade pasta sauce. Consumer are preferring organic pasta sauce than conventional one because of rising health conscious among them. The packaging type segment includes glass bottles, P.E.T., cans, pouches and cartons. The porcine segment is dominating the market in 2017. P.E.T. is cost effective and recyclable than other packaging materials. Therefore, they are highly preferred by the manufacturers. The distribution channel segment includes direct and indirect. The indirect segment is dominating the pasta sauce market in 2017. Due to the wide availability of different, pasta sauce is popping up in grocery store aisles as the most preferred go-to cooking sauce. The product type segment is classified into tomato-based sauces, pesto-based sauces and alfredo-based sauces. The tomato-based sauces segment is dominating in 2017. Because of its taste, the tomato based sauces are preferred over by customers.
Rising popularity of pasta leading to increased demand for pasta sauce is a major factor driving the market. In addition, growing penetration of pasta sauce producers in developing economies and high demand for lip-smacking food products are two factors fuelling the growth of market. However, high consumption of pasta is injurious to health which may obstruct the growth of market. Nevertheless, technology drives the growth in the pasta sauce industry and may boost the market in forthcoming years.
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