Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Red Sauce Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 6.3% CAGR during the forecast period.
The Organic segment is showcasing a CAGR of 9.4% during (2022 - 2028). Demand for healthier, organic sauces created with natural ingredients has increased due to the general public's growing health consciousness. In addition, fast-growing domestic brands that employ non-GMO, insecticide- and pesticide-free tomatoes are becoming increasingly popular with consumers. This segment will grow in the market as a result.
The Offline segment acquired maximum revenue share in the Global Red Sauce Market by Distribution Channel in 2021 thereby, achieving a market value of $3.2 billion by 2028. This results from a large selection of healthy goods under one roof. Red sauces that are available for sale and offer health advantages are more popular with customers. Products are also placed close to each other, making it simple for shoppers to compare them and decide which one to buy.
The Pouches segment has shown the growth rate of 6.8% during (2022 - 2028). This business is progressing due to the rising demand for inventive and attractive packaging for tomato-processed goods. Additionally, businesses are adopting these pouches since they are 100% recyclable, sustainable, and ecologically friendly, which is anticipated to fuel market growth throughout the projection period.
The North America market dominated the Global Red Sauce Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.4 billion by 2028. The Europe market is exhibiting a CAGR of 5.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.2% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/red-sauce-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
By Packaging Type
Unique Offerings from KBV Research
North America Red Sauce Market Future Scope & Opportunities 2022-2028
Europe Red Sauce Market Size & Growth Forecast 2022-2028
Asia Pacific Red Sauce Market Size, Share & Industry Outlook to 2028