Asia Pacific Red Sauce Market Size, Share & Industry Trends Analysis Report By Nature (Conventional and Organic), By Distribution Channel (Offline and Online), By Packaging Type (Bottle, Pouches and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Red Sauce Market would witness market growth of 7.2% CAGR during the forecast period (2022-2028).
Lycopene, a phytochemical component abundant in tomatoes, plays a significant role as an antioxidant that protects the body's tissues from being damaged by free radicals and other forms of oxidative stress. As a result, tomatoes have been shown to either prevent or lower the risk of several different types of cancer, including prostate, mouth, cervical, pharynx, throat, stomach, esophagus, rectal, colon, and ovarian cancer.
Collagen, which may be produced from vitamin C, is an important component of the nails, skin, and connective tissues. A lack of vitamin C makes the skin more susceptible to the harmful effects of sun exposure, including the development of blemishes, wrinkles, and sagging skin. Tomato sauce contains a high amount of vitamin K, which is known to fortify individual hair strands and stimulate the creation of new hair. In addition to that, it makes the bones stronger. There is evidence that consuming lycopene can increase bone mass, an excellent strategy for warding off osteoporosis.
Businesses are increasingly providing nutritious ready-to-eat meals to meet the unmet demands of health-conscious and physically active people. For instance, the National Health Innovation Centre (NHIC) played a key role in developing the first Asian ready-to-eat meals with modified textures for people with trouble swallowing. In addition, eating out and ordering takeout became increasingly important as young people relocated from their hometowns to other cities. The demand for healthy snacking options is increasing across the nation as a result of this developing restaurant culture. All of these elements would encourage regional market expansion.
The China market dominated the Asia Pacific Red Sauce Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $474 Million by 2028. The Japan market is experiencing a CAGR of 6.5% during (2022 - 2028). Additionally, The India market would display a CAGR of 8.3% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Packaging Type, the market is segmented into Bottle, Pouches and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Red Sauce Market is Projected to reach USD 4.5 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Kraft Heinz Company, Barilla G. e R. Fratelli S.p.A, General Mills Inc., Conagra Brands, Inc., Campbell Soup Company, Victoria Fine Foods, LLC (B&G Foods), Goya Foods, Inc., Organicville (Litehouse), Newman’s Own, Inc., and G.L. Mezzetta, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Packaging Type
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- The Kraft Heinz Company
- Barilla G. e R. Fratelli S.p.A
- General Mills Inc.
- Conagra Brands, Inc.
- Campbell Soup Company
- Victoria Fine Foods, LLC (B&G Foods)
- Goya Foods, Inc.
- Organicville (Litehouse)
- Newman’s Own, Inc.
- G.L. Mezzetta, Inc.
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