LAMEA Red Sauce Market

LAMEA 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

Report Id: KBV-14079 Publication Date: February-2023 Number of Pages: 72
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Market Report Description

The Latin America, Middle East and Africa Red Sauce Market would witness market growth of 11.7% CAGR during the forecast period (2022-2028).

Tomatoes have a high-water content and a significant amount of fiber—up to 1.5 grams—in their composition. Fiber is a magical carbohydrate that the body can't break down completely, but it helps the digestive system move along at a regular and healthy pace when it does break down some of the fiber. As a result, tomato sauce can be beneficial to a person's digestive health in several different ways, including relieving constipation, lowering cholesterol, and helping to maintain healthy blood sugar levels.

Tomato sauce is a wonderful source of vitamins C, A, and K, providing the body with a multitude of incredible benefits, making it one of the most beneficial foods consumers can eat for overall health. Vitamin C has many benefits for the body, including lowering the risk of developing chronic diseases, managing high blood pressure, reducing the chance of developing heart disease, preventing iron deficiency, boosting immunity, and helping to protect memory. Vitamin C also helps prevent heart disease. In addition to assisting with immunity, vitamin A benefits healthy vision and skin. In addition, vitamin K is essential for regulating bone metabolism and preventing blood clots.

The hotel, restaurant, and institutional (HRI) food service sector in Saudi Arabia has grown rapidly during the past ten years. The regularity with which Saudis travel within the nation and eat outside of their homes has increased due to changes in their daily routines, work schedules, and eating habits. Consumer food services, restaurants, and cafés were expected to produce $15 billion in annual sales in 2012, which is expected to rise to $18 billion by 2016. In addition, the food catering business is expected to earn $5 billion in sales. It is expected to grow due to the significant number of foreign workers and the over 7 million pilgrims performing the Hajj and Umrah in Saudi Arabia each year. Due to these aspects, the regional Red Sauce Market is expanding.

The Brazil market dominated the LAMEA Red Sauce Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $125.1 Million by 2028. The Argentina market is estimate to grow a CAGR of 12.3% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 11.1% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

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 Nature

  • Conventional
  • Organic

By Distribution Channel

  • Offline
  • Online

By Packaging Type

  • Bottle
  • Pouches
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

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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