Asia Pacific Pasta Sauce Market By Base (Vegetable based and Meat Based), By Product (Tomato based & Marinara, Ragù & Bolognese, Pesto, Alfredo & Four Cheese and Others), By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores and Online & D2C), By Country, Growth Potential, Industry Analysis Report and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Pasta Sauce Market would witness market growth of 7.3% CAGR during the forecast period (2020-2026). Customers prefer to involve only plant-based products in their recipes with an aim to cut down the influence on the environment & support animal welfare.
Moreover, people are encouraged to adopt vegetarian diet due to the rising health complexities because of the constant consumption of meat. Therefore, vegetable-based pasta sauce, which involves various plant-based ingredients, would propel the growth of the pasta sauce market.
The booming food & beverage sector, combined with a rising inclination towards ready-to-eat food products, is one of the main aspects fueling the market development. The inclinations towards packaged & simple to use pasta sauces has increased around the world due to the rising number of working professionals & fast-paced lifestyles. Moreover, the growth of the market is boosted by the increasing consumer preference to accept and try flavor-rich dishes & intercontinental cuisines. The increasing health awareness among consumers has further increased the demand for nutrient-rich and healthy product alternatives. Makers are preparing pasta sauces that are developed using organic & gluten-free ingredients. In addition, cafes, restaurants, and other eateries are also trying out various flavors and combinations of sauces to provide unique & new pasta dishes to their customers. The growth of the market is driven by the increasing disposable incomes & quick urbanization.
The China market dominated the Asia Pacific Convenience Stores Market by Country in 2019, growing at a CAGR of 4.4 % during the forecast period. The Japan market is exhibiting a CAGR of 7.7% during (2020 - 2026). Additionally, The India market is anticipated to witness a CAGR of 7.7% during (2020 - 2026).
The Vegetable based market dominated the South Korea Pasta Sauce Market by Base in 2019, thereby, achieving a market value of $314.9 million by 2026. The Meat Based market is expected to witness a CAGR of 8.5% during (2020 - 2026).
Based on Base, the market is segmented into Vegetable based and Meat Based. Based on Product, the market is segmented into Tomato based & Marinara, Ragù & Bolognese, Pesto, Alfredo & Four Cheese and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Convenience Stores and Online & D2C. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Campbell Soup Company, B&G Foods, Inc., Conagra Brands, Inc., Del Monte Pacific Limited, The Kraft Heinz Company, Lassonde Industries, Inc. (3346625, Canada Inc.), Mizkan Holdings Co., Ltd., Premier Foods PLC, Barilla G. e R. Fratelli S.p.A, and Mars, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Vegetable based
- Meat Based
- Tomato based & Marinara
- Ragù & Bolognese
- Alfredo & Four Cheese
By Distribution Channel
- Hypermarkets & Supermarkets
- Convenience Stores
- Online & D2C
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Campbell Soup Company
- B&G Foods, Inc.
- Conagra Brands, Inc.
- Del Monte Pacific Limited
- The Kraft Heinz Company
- Lassonde Industries, Inc. (3346625, Canada Inc.)
- Mizkan Holdings Co., Ltd.
- Premier Foods PLC
- Barilla G. e R. Fratelli S.p.A
- Mars, Inc.
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