The global pasta sauce market is projected to witness a CAGR of 3.2% from 2020 to 2027. The market is gaining immense popularity owing to the increasing number of hotels and restaurants sector, coupled with consumer interests for the western food. Well-known ingredients used include Tomato Basil, Arrabbiata, Marinara, Puttanesca, Roasted Portobello, Garlic & Onion, 4 Cheese, Mushroom & Eggplant, Mushroom & Green Peppers, Bolognese Sauce, etc. The adoption of pasta sauce has experienced a boom especially in mature regions such as the U.S., Germany, and Canada, while emerging economies such as India, China, and Brazil are catching up quickly.
The market is gaining enormous traction owing to celebrity endorsements, advertisement campaigns, consumption of fast food, and growing demand for western food recipes. Also, pasta has been identified as an alternative to rice and different staple meals, which is likely to remain a favorable driving factor.
Covid-19 Effect:
During the ongoing COVID-19 pandemic and the country-wide lockdown across the globe has propelled the interest in preparing homemade foods, thus fueling the demand for tomato basil pasta sauce, tomato roasted garlic pasta sauce, tomato garlic pasta sauce, keto marinara, and garlic marinara. Prominent industry players like Mizkan America have stated that their pasta sauce sales increased in the COVID-19 crisis, with consumers stocking up their pantries and eating at home more often.
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Further findings from the report suggest:
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Based on product type, the alfredo and four cheese segment experienced a huge demand is anticipated to witness the further growth of 4.1% from 2020 to 2027. This can be attributed to the prevailing fondness of people toward cheese-based products across the globe
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Based on the base type, the meat-based segment is projected to witness the fastest growth over the forecast years, registering a CAGR of 3.6%. factors such as well-known health benefits of meat consumption and enhanced sauce savory will support rapid adoption of market product
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Major Players:
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Barilla G. e R. Fratelli S.p.A
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Bertolli
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Conagra Brands.
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CSC Brands LP
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Del Monte Food, Inc.
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Frontier Co-op
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International Gourmet Specialties
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Mizkan America, Inc.
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No Limit, LLC
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Trader Joe’s
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