Pasta Sauces Market By Global Market Share, Size, Demand, Sales, Price, Revenue, Gross Margin Forecast Till 2023
Pasta Sauces Market 2017-2023
Market Highlights
The demand for ready-to-eat food, ready-to-cook or convenience food has increased at an exceptional growth rate over the last decade. Among the convenience food, pasta is gaining massive acceptance among the consumers due to the several factors. One of the major factors for the high growth of pasta is the rising demand for ready to eat food products owing to the busy lifestyles of the consumers. Pasta also provides several essential nutrients which include iron, vitamin B and many more which is expected to enlarge the consumption of pastas and further, pasta sauces during the forecast period. In addition, pasta sauce is available in various flavors and made of variety of ingredients such as wheat, corn, rye, rice among others which is considered to be one of the vital factors for the growth of global Pasta Sauces Market.
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Regional Analysis
Europe region is expected to retain its dominance throughout the forecast period in the global Pasta Sauces Market. Increasing growth of organized retail sector along with the rising consumer inclination towards the convenience food is anticipated to stimulate the growth of Pasta Sauces Market across the Europe. Among the European countries, Italy is estimated to retain its dominance throughout the forecast period of 2018-2023. Asia-Pacific region is projected to witness high growth as compared to other regions during the forecast period.
Segmentation
The global Pasta Sauces Market has been segmented based on product type, category, packaging type, distribution channel, and region.
By product type, the global Pasta Sauces Market has been segregated into tomato-based sauces, pesto-based sauces, alfredo-based sauces, bolognese sauces, and others. Tomato-based sauces have been further segmented into traditional sauces, marinara sauces, and others.
Key Players
Some of the key players in the global Pasta Sauces Market are Mizkan Co.(Japan), Barilla S.p.A.(Italy), Mars Incorporated (US), ConAgra Foods, Inc.(US), The Kraft Heinz Company (US), Amy's Kitchen (US), Newman Own Co.(US), B&G Foods Holdings Corp.(US), Premier Foods PLC (UK), and Campbell Soup Company (US).
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