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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:
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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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