Pasta Sauce Market: Introduction: Sauces are an essential part of the preparation of pasta and related products. The pasta sauce market comprises of highly competitive products by key players resulted into innovative offerings and packaging. Over the forecast period, the pasta sauce market is expected to be driven by organic and healthy trend around the globe as key players are introducing the same into their offerings. The private label brands to see regional expansion with leading key players penetrating through non-traditional pasta markets over the globe.
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Pasta Sauce Market: Region-wise Outlook: The Europe pasta sauce market is expected to dominate over the forecast period in terms of value. North America to follow Europe in terms of value in pasta sauce market. Rising retail penetration and traditional cuisine are anticipated to boost the Latin American pasta sauce market. Increasing demand from HRI sector over the Asia-Pacific and the Middle East and Africa region is anticipated to witness substantial growth rate over the forecast period.
Pasta Sauce Market: Drivers and Restraints: The global pasta sauce market is expected to be driven by the increasing HRI sector and specialty food services. The internet of things is also anticipated to boost the non-traditional pasta market over the forecast period owing to the adoption of foreign cuisine by the millennial population. Healthy and organic offerings in pasta sauce are also expected to drive further the market by attracting a large number of ethical consumer groups over the globe.
The pasta sauce market is anticipated to witness restraint from the ready-to-eat and frozen pasta offering over the forecast period as a significant number of population is opting for the same.
Pasta Sauce Market: Key Players: The global player for the Pasta Sauce market are Major Companies Mizkan Co., Barilla S.p.A., Dolmio (Mars Inc.), Hunts (ConAgra Foods, Inc.), The H. J. Heinz Company, Newman Own Co., B&G Foods Holdings Corp., CSC Brand LP., Premier Foods plc., and Knorr (Unilever).