North America 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 North America Red Sauce Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
Red sauce's rising popularity can be attributed to the fact that it is a natural and organic ingredient. It is anticipated that there will be a rise in demand for red sauce due to the rising consumption of fast foods such as pizza and pasta. In addition to having a delightful flavor, consuming red sauce has several positive effects on one's health. The gastrointestinal and immunological systems experience positive changes when red sauce products are consumed. As a direct result of this, the opportunity in the market for red sauce is developing along with the growing health consciousness among consumers.
Moreover, not only does red sauce have various positive health effects, but it also helps protect against cancer. In addition, it is packed full of the powerful antioxidant lycopene. Carotenoids, as well as other antioxidants such as lycopene, are contained within it, which helps to protect the body and its cells from oxidative damage. Studies conducted before clinical trials have demonstrated that these carotenoids kill cancer cells and prevent them from growing. According to the findings of several studies, consuming tomatoes may lower one's chance of developing colon, stomach, and lung cancer.
Sales of food and beverages in Canada exceeded $961 billion in 2018, an increase of 3% from the $94 billion figure for 2017. 75% of total sales came from grocery stores, followed by bars and pubs at 19% and specialty food shops at 6%. Canadian retailers rely on imports to stock their shelves for customers with a fair amount of discretionary income. In addition, due to exposure to established food supply chains, fresh vegetables and other well-known American brands are constantly available. All of these factors rise consumer demand for food & beverages, accelerating the market expansion of the red sauce market.
The US market dominated the North America Red Sauce Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,066.6 Million by 2028. The Canada market is poised to grow at a CAGR of 7% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.7% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Red Sauce Market is Predict to reach $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
- Rest of North America
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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