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.
Free Valuable Insights: Pasta Sauce Market in Asia Pacific is expected to register a CAGR of 7.3% during the forecast period (2020-2026)
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.
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