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Global Pasta Sauce Market is Expected to Grow at a CAGR of 5.6% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Pasta Sauce Market Report and Forecast 2020-2025’, the global pasta sauce market attained a value of USD 3.08 billion in 2019. The market is further expected to grow at a CAGR of 5.6% between 2020 and 2025 to reach a value of approximately USD 4.28 billion by 2025.

The global pasta sauce market is majorly being driven by the rising pasta industry throughout the world. Rising urbanisation, evolving lifestyles, as well as growing demand for ready-to-eat items, are key factors in the expansion of the pasta industry. Moreover, a growing employment rate for women combined with increased disposable incomes also affects the pasta and pasta sauce markets positively. In addition, healthy customers are seeking food items with nutritious ingredients, leading to a rise in the demand for the whole-wheat as well as quinoa pasta. Some of the other factors sustaining the growth of the pasta sauce market are longer shelf life as well as ease of preparation.

Buitoni is a well-known brand from one of the leading key players, Nestlé S.A. (OTCMKTS: NSRGY), popular for its high quality and freshly made refrigerated pasta as well as pasta sauces. In October 2016, it announced a shift to non-GMO ingredients. This move significantly impacted their sales in the historical period of 2015-2019 and is likely to continue boosting the sales in the coming years as well, owing to the purity of the product and the trust of the consumers who are increasingly demanding non-GMO products.

Market Analysis by Type, Packaging Type, Distribution Channel, and Region:

  • Based on type, the market can be divided into tomato-based sauces, pesto-based sauces, and alfredo-based sauces.
  • The tomato-based sauces can be divided into traditional sauce, marinara sauce, meat sauce, mushroom sauce, roasted garlic sauce, cheese sauce, and tomato and basil sauce, among others.
  • The pesto-based sauces can be segmented into traditional basil pesto sauce and sun-dried tomato pesto sauce, among others.
  • The alfredo-based sauces are categorised into traditional alfredo sauce, garlic alfredo sauce, and cheese alfredo sauce, among others.
  • The packaging types of pasta sauce can be divided into glass bottles, PET, cans, pouches, and cartons.
  • The distribution channels in the market include supermarkets/hypermarkets, convenience stores, specialty stores, and online/e-retailing, among others.
  • The regional markets for pasta sauce include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The robustly growing food and beverage market is a key driver for the global pasta sauce market growth.
  • The increasing workforce and hectic schedules have boosted the demand for pasta sauce, further leading to the growth of the market.
  • The rising demand for inter-continental cuisines and spicy dishes has also propelled the market growth.
  • The rising public health consciousness has further boosted the demand for nutrient-rich and balanced food variants, thus, catalysing the pasta sauce market growth.
  • The producers in the market have now started producing sauces with organic and gluten-free ingredients, which is projected to further drive the demand in the market.
  • The rising urbanisation and availability of the product are boosting the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global pasta sauce market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the types, packaging types, distribution channels, and regions of pasta sauce.
  • It also looks into the market dynamics by covering the key demand and price indicators, along with assessing the market based on SWOT and Porter’s Five Forces models. 

Barilla G. e R. Fratelli S.p.A, Nestle S.A., F.lli De Cecco di Filippo Fara San Martino S.p.A (De Cecco), Makfa JSC, Durum Gida Sanayi Ve Ticaret A.S, and General Mills, Inc., among others, among others, are the key players in the global process automation market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

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