Pasta Sauce Market Projected to Reach Tremendous Growth by 2024
by Rahul Rastogi Market Research AnalystAccording to
the latest report by IMARC Group, titled “Pasta Sauce Market
Research: Global Industry Trends, Share, Size, Growth, Opportunity and
Forecast 2019-2024”, the global pasta sauce market is currently
witnessing steady growth. Pasta sauce refers to a thick-textured creamy
sauce that is made up of eggs, pepper, garlic, cheese, vegetables and several
other ingredients. It is used as a savory topping over pasta and other Italian
dishes, like pizza, garlic bread and spaghetti, to enhance the taste and flavoring.
Nowadays, a wide range of pasta sauces is available in innovative packaging
formats in the market.
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Global Pasta Sauce Market Trends:
Over the past
few years, the growing cross-culture influence has changed the food consumption
patterns of consumers. This has led to an increase in the demand for
intercontinental dishes, like pasta and pizza, which in turn has boosted the
sales of pasta sauce globally. Also, with a rise in the consumption of
fast-food, restaurants, cafes and other eateries are widely experimenting pasta
sauce by mixing it with different ingredient combinations to offer innovative
and unique pasta dishes. Apart from this, owing to the hectic and busy
lifestyles, consumers are becoming more inclined toward the use of packaged and
easy-to-cook pasta sauces. Along with this, due to the growing health
consciousness, they now prefer nutrient-rich and minimally processed products. Owing
to this, manufacturers are introducing pasta sauce variants that are made using
gluten-free and organic ingredients to boost their profitability and widen the
consumer base across the globe. Looking forward, the market is projected to experience
stable growth during 2019-2024.
Market Summary:
- Based on the product type, the market
has been segregated into tomato-, pesto- and alfredo-based sauces. Tomato-based
sauces, such as traditional, marinara, meat, mushroom, roasted garlic, cheese,
and tomato and basil, are most widely consumed.
·
The market
has been categorized on the basis of the packaging type into glass bottles,
polyethylene terephthalate (PET), cans, pouches and cartons. Amongst these,
glass bottles account for the majority
of the total market share.
- On the basis of the distribution channel, the
market has been classified as direct and indirect segments. The indirect channel
exhibits a clear dominance and is further divided into store-based
retailing, supermarkets, specialty stores, convenience stores and online
retailing.
- Region-wise, Europe holds the leading position in
the market. It is further segmented into Germany, France, the United
Kingdom, Italy, Spain, Russia and others. Other major markets include
North America (the United States and Canada), Asia Pacific (China, Japan,
India, South Korea, Australia, Indonesia and others), Latin America
(Brazil, Mexico, Argentina, Columbia, Chile, Peru and others), and Middle
East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates and
others ).
- The competitive landscape of the market has also
been examined in the report, providing the detailed profiles of the key
players operating in the industry.
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Created on Dec 30th 2019 03:45. Viewed 323 times.