NEW YORK, Jan. 5, 2024 /PRNewswire/ — The pasta sauce market is expected to grow by USD 2.08 billion from 2022 to 2027, according to Technavio. In addition, the growth momentum of the market will progress at a CAGR of 5.74% during the forecast period. Growing demand for international cuisine is notably driving the pasta sauce market. However, factors such as frequent product recalls may impede market growth. The market is segmented by application (dried pasta and others), distribution channel (offline and online), and geography (Europe, North America, South America, Middle East and Africa, and APAC). 

Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The Free sample report is available in PDF format 

Key Segment Analysis

• The market growth by the dried pasta segment is significant during the forecast period. This segment is widely available and highly consumed worldwide due to its longer shelf life and easy storage which fuels the growth of this segment. In addition, as health-conscious people are shifting toward a plant-based and protein-rich diet, companies are investing in the development of new varieties of dry pasta, which is protein-rich which is positively impacting the growth of the segment. Furthermore, the demand will increase further due to more product launches and the popularity of private-label brands in developed countries. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.

To know additional highlights and key points on various market segments and their impact in coming years, View the Free PDF Sample Report.

Geographical Market Analysis 

• Europe accounts for 37% of the market growth during the forecast period. Factors such as the variety of companies offering new products, a greater disposable income, and the rising trend of popular ethnic cuisine is fuelling the growth of the market in the region. In addition, some of the largest countries contributing to the market includes Italy, Germany, France, UK, Sweden, Spain, and Russia. Hence, such factors are driving the market growth in Europe during the forecast period.

Company Insights 

The pasta sauce market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:

B and G Foods Inc., Barilla G. e R. Fratelli Spa, Campbell Soup Co., Coles Group Ltd., Conagra Brands Inc., Del Monte Pacific Ltd., DeLallo Inc, Ebro Foods SA, F.lli De Cecco di Filippo SpA, F.lli Sacla Spa, Hormel Foods Corp., LiDestri Food and Drink, Mars Inc., McCormick and Co. Inc., NutriAsia Inc., Premier Foods Plc, The Kraft Heinz Co., Veeba Food Services Pvt. Ltd., Wakefern Food Corp., and Target Corp.

View the Free PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by Distribution Channel

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio

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