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Red Sauce Market by Packaging Type, Nature, Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 450 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781739
UP TO OFF until Oct 24th 2024
The global red sauce market size was valued at $3,107.2 million in 2021, and is projected to reach $5,574.6 million by 2031, registering a CAGR of 6.1%.

Red sauce is being used into a variety of dishes that try to strike a reasonable balance between mildly acidic and slightly sweet flavors. Red sauces having different varieties of tomatoes, such as ground, crushed, or pureed versions, as well as other vegetables like sweet or chili peppers, carrots, and a variety of herbs and spices.

In addition, the demand for clean-label ingredients products is increasing because research shows that clean labels increase consumer willingness to pay a higher price point and encourage loyalty. Demand for products with clean labels is expected to rise in the coming year as consumers place more value on products that have recognizable ingredients and are made using methods that are common in home kitchens. As a result, manufacturers in this industry have numerous options to provide consumers with clear labels and organic red sauce.
The red sauce market is segmented on the basis of packaging type, nature, distribution channel, and region. By packaging type, the market is categorized into bottles, pouches, and others. By nature, the red sauce market is fragmented into conventional and organic. By distribution channel, the market is divided into direct sales and indirect sales. Moreover, the red sauce market is further classified into third-level segmentation through the distribution channel. By indirect sales, the market is divided into hypermarket/supermarket, convenience stores, e-commerce, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Switzerland and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, Argentina and Rest of LAMEA).

By packaging type, the bottle segment was the highest revenue contributor in 2021 with a CAGR of 6.0%. Moreover, glass bottles are preferred for red sauce due to their clarity, shine, and range of available patterns. It provides very good security for their content. The least expensive glass bottles to make are those that manufacturers can use again and again to contain liquids like red sauce. Therefore, innovative bottle packaging for storing products such as red sauce is expected to contribute to the growth of the red sauce market.

By nature, the conventional segment was the highest revenue contributor in 2021 i.e., $2576.3 million in 2021, and is expected to reach $4580 million by 2031 at a CAGR of 6.0%. The conventional sector continues to dominate the market due to its reasonable prices and extensive availability. The aforementioned elements are expected to stimulate the conventional red sauce market growth during the course of the projected period.

By distribution channel, the indirect sales segment was the largest share in 2021 and are expected to have the largest market share in 2031 due to products in indirect sales being placed close to one another, making it simple for shoppers to compare them and decide which one to buy. In addition, rising urbanization, an increase in the number of people in the working class, and affordable costs all contribute to the popularity of indirect sales. These sales formats often have competitive pricing and are located in convenient locations where customers can buy products. As a result, customers may complete all of their shopping needs, saving them time and bringing in a big customer base.

By region, North America held the largest share in 2021 i.e., $1012.9 million in 2021, and is expected to reach $1767.1 million by 2031 at a CAGR of 5.8%. Its adaptability allows it to be used to disguise the flavors of a variety of dishes, including pizza, pasta, and spaghetti. According to the WorldAtlas, California produces 255,388 thousand centum weights (cwt) of tomatoes each year. As a result, it is recognized as one of the top tomato growers worldwide and the country's top tomato producer.

The market is being driven by factors such as rapid growth in infrastructural development as well as technological advancement in developing countries. The major players operating in the global red sauce are Chilzo, General Mills, The Kraft Heinz Company, Victoria, Organicville, Newman’s Own, ConAgra Foods, Mezzetta Family Co., Campbell Soup Company, Barilla, Ragu, Goya Foods, Mutti, Rao’s Homemade and Cento Fine Foods.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the red sauce market analysis from 2021 to 2031 to identify the prevailing red sauce market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the red sauce market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global red sauce market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Packaging type

  • Bottles
  • Pouches
  • Others

By Nature

  • Organic
  • Conventional

By Distribution channel

  • Direct sales
  • Indirect sales
  • Subtype
  • Hypermarket/Supermarket
  • Convenience stores
  • E-commerce
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Switzerland
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • UAE
  • Argentina
  • Rest of LAMEA

Key Market Players

  • General Mills, Inc.
  • The Kraft Heinz Company
  • Conagra Brands, Inc.
  • Barilla Holding S.r.l.
  • Mizkan Holdings Co., Ltd.
  • Mutti S.p.A.
  • Sovos Brands, Inc.
  • Cento Fine Foods
  • Nectorius Foods Manufacturer Pvt. Ltd.
  • Newmans Own, Inc.
  • G.L. Mezzetta, Inc.
  • B&G Foods, Inc.
  • Litehouse, Inc.
  • Campbell Soup Company
  • Goya Foods, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Health benefits associated with the consumption of red sauce
3.4.1.2. Increasing consumption of convenience food
3.4.1.3. Increasing demand for cross culture cuisines
3.4.2. Restraints
3.4.2.1. Fluctuating raw material prices
3.4.2.2. Harmful effects due to overconsumption
3.4.3. Opportunities
3.4.3.1. Increasing health consciousness in consumers is leading them to use more natural-based products
3.4.3.2. Increasing demand for clean-label and organic products
3.5. COVID-19 Impact Analysis on the market
3.6. Value Chain Analysis
CHAPTER 4: RED SAUCE MARKET, BY PACKAGING TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Bottles
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Pouches
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: RED SAUCE MARKET, BY NATURE
5.1. Overview
5.1.1. Market size and forecast
5.2. Organic
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Conventional
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: RED SAUCE MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.1.1. Market size and forecast
6.2. Direct sales
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Indirect sales
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.3.4. Indirect sales Red Sauce Market by Subtype
6.3.4.1. Hypermarket/Supermarket Market size and forecast, by region
6.3.4.2. Convenience stores Market size and forecast, by region
6.3.4.3. E-commerce Market size and forecast, by region
6.3.4.4. Others Market size and forecast, by region
CHAPTER 7: RED SAUCE MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Packaging type
7.2.3. Market size and forecast, by Nature
7.2.4. Market size and forecast, by Distribution channel
7.2.4.1. North America Indirect sales Red Sauce Market by Subtype
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Packaging type
7.2.5.1.3. Market size and forecast, by Nature
7.2.5.1.4. Market size and forecast, by Distribution channel
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Packaging type
7.2.5.2.3. Market size and forecast, by Nature
7.2.5.2.4. Market size and forecast, by Distribution channel
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Packaging type
7.2.5.3.3. Market size and forecast, by Nature
7.2.5.3.4. Market size and forecast, by Distribution channel
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Packaging type
7.3.3. Market size and forecast, by Nature
7.3.4. Market size and forecast, by Distribution channel
7.3.4.1. Europe Indirect sales Red Sauce Market by Subtype
7.3.5. Market size and forecast, by country
7.3.5.1. Germany
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Packaging type
7.3.5.1.3. Market size and forecast, by Nature
7.3.5.1.4. Market size and forecast, by Distribution channel
7.3.5.2. UK
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Packaging type
7.3.5.2.3. Market size and forecast, by Nature
7.3.5.2.4. Market size and forecast, by Distribution channel
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Packaging type
7.3.5.3.3. Market size and forecast, by Nature
7.3.5.3.4. Market size and forecast, by Distribution channel
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Packaging type
7.3.5.4.3. Market size and forecast, by Nature
7.3.5.4.4. Market size and forecast, by Distribution channel
7.3.5.5. Spain
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Packaging type
7.3.5.5.3. Market size and forecast, by Nature
7.3.5.5.4. Market size and forecast, by Distribution channel
7.3.5.6. Switzerland
7.3.5.6.1. Key market trends, growth factors and opportunities
7.3.5.6.2. Market size and forecast, by Packaging type
7.3.5.6.3. Market size and forecast, by Nature
7.3.5.6.4. Market size and forecast, by Distribution channel
7.3.5.7. Rest of Europe
7.3.5.7.1. Key market trends, growth factors and opportunities
7.3.5.7.2. Market size and forecast, by Packaging type
7.3.5.7.3. Market size and forecast, by Nature
7.3.5.7.4. Market size and forecast, by Distribution channel
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Packaging type
7.4.3. Market size and forecast, by Nature
7.4.4. Market size and forecast, by Distribution channel
7.4.4.1. Asia-Pacific Indirect sales Red Sauce Market by Subtype
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Packaging type
7.4.5.1.3. Market size and forecast, by Nature
7.4.5.1.4. Market size and forecast, by Distribution channel
7.4.5.2. India
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Packaging type
7.4.5.2.3. Market size and forecast, by Nature
7.4.5.2.4. Market size and forecast, by Distribution channel
7.4.5.3. Japan
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Packaging type
7.4.5.3.3. Market size and forecast, by Nature
7.4.5.3.4. Market size and forecast, by Distribution channel
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Packaging type
7.4.5.4.3. Market size and forecast, by Nature
7.4.5.4.4. Market size and forecast, by Distribution channel
7.4.5.5. Australia
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Packaging type
7.4.5.5.3. Market size and forecast, by Nature
7.4.5.5.4. Market size and forecast, by Distribution channel
7.4.5.6. Rest of Asia-Pacific
7.4.5.6.1. Key market trends, growth factors and opportunities
7.4.5.6.2. Market size and forecast, by Packaging type
7.4.5.6.3. Market size and forecast, by Nature
7.4.5.6.4. Market size and forecast, by Distribution channel
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Packaging type
7.5.3. Market size and forecast, by Nature
7.5.4. Market size and forecast, by Distribution channel
7.5.4.1. LAMEA Indirect sales Red Sauce Market by Subtype
7.5.5. Market size and forecast, by country
7.5.5.1. Brazil
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Packaging type
7.5.5.1.3. Market size and forecast, by Nature
7.5.5.1.4. Market size and forecast, by Distribution channel
7.5.5.2. South Africa
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Packaging type
7.5.5.2.3. Market size and forecast, by Nature
7.5.5.2.4. Market size and forecast, by Distribution channel
7.5.5.3. UAE
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Packaging type
7.5.5.3.3. Market size and forecast, by Nature
7.5.5.3.4. Market size and forecast, by Distribution channel
7.5.5.4. Argentina
7.5.5.4.1. Key market trends, growth factors and opportunities
7.5.5.4.2. Market size and forecast, by Packaging type
7.5.5.4.3. Market size and forecast, by Nature
7.5.5.4.4. Market size and forecast, by Distribution channel
7.5.5.5. Rest of LAMEA
7.5.5.5.1. Key market trends, growth factors and opportunities
7.5.5.5.2. Market size and forecast, by Packaging type
7.5.5.5.3. Market size and forecast, by Nature
7.5.5.5.4. Market size and forecast, by Distribution channel
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. General Mills, Inc.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.2. The Kraft Heinz Company
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. Litehouse, Inc.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Key strategic moves and developments
9.4. Conagra Brands, Inc.
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Business performance
9.4.7. Key strategic moves and developments
9.5. Campbell Soup Company
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.5.7. Key strategic moves and developments
9.6. Barilla Holding S.r.l.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. Mizkan Holdings Co., Ltd.
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.8. Goya Foods, Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.9. Mutti S.p.A.
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Key strategic moves and developments
9.10. Sovos Brands, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.11. Cento Fine Foods
9.11.1. Company overview
9.11.2. Key Executives
9.11.3. Company snapshot
9.11.4. Operating business segments
9.11.5. Product portfolio
9.12. Nectorius Foods Manufacturer Pvt. Ltd.
9.12.1. Company overview
9.12.2. Key Executives
9.12.3. Company snapshot
9.12.4. Operating business segments
9.12.5. Product portfolio
9.13. Newmans Own, Inc.
9.13.1. Company overview
9.13.2. Key Executives
9.13.3. Company snapshot
9.13.4. Operating business segments
9.13.5. Product portfolio
9.14. G.L. Mezzetta, Inc.
9.14.1. Company overview
9.14.2. Key Executives
9.14.3. Company snapshot
9.14.4. Operating business segments
9.14.5. Product portfolio
9.15. B&G Foods, Inc.
9.15.1. Company overview
9.15.2. Key Executives
9.15.3. Company snapshot
9.15.4. Operating business segments
9.15.5. Product portfolio
9.15.6. Business performance
List of Tables
TABLE 01. GLOBAL RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 02. RED SAUCE MARKET FOR BOTTLES, BY REGION, 2021-2031 ($MILLION)
TABLE 03. RED SAUCE MARKET FOR POUCHES, BY REGION, 2021-2031 ($MILLION)
TABLE 04. RED SAUCE MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 05. GLOBAL RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 06. RED SAUCE MARKET FOR ORGANIC, BY REGION, 2021-2031 ($MILLION)
TABLE 07. RED SAUCE MARKET FOR CONVENTIONAL, BY REGION, 2021-2031 ($MILLION)
TABLE 08. GLOBAL RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 09. RED SAUCE MARKET FOR DIRECT SALES, BY REGION, 2021-2031 ($MILLION)
TABLE 10. RED SAUCE MARKET FOR INDIRECT SALES, BY REGION, 2021-2031 ($MILLION)
TABLE 11. GLOBAL INDIRECT SALES RED SAUCE MARKET, BY SUBTYPE, 2021-2031 ($MILLION)
TABLE 12. RED SAUCE MARKET FOR HYPERMARKET/SUPERMARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 13. RED SAUCE MARKET FOR CONVENIENCE STORES, BY REGION, 2021-2031 ($MILLION)
TABLE 14. RED SAUCE MARKET FOR E-COMMERCE, BY REGION, 2021-2031 ($MILLION)
TABLE 15. RED SAUCE MARKET FOR OTHERS, BY REGION, 2021-2031 ($MILLION)
TABLE 16. RED SAUCE MARKET, BY REGION, 2021-2031 ($MILLION)
TABLE 17. NORTH AMERICA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 18. NORTH AMERICA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 19. NORTH AMERICA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 20. NORTH AMERICA INDIRECT SALES RED SAUCE MARKET, BY SUBTYPE, 2021-2031 ($MILLION)
TABLE 21. NORTH AMERICA RED SAUCE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 22. U.S. RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 23. U.S. RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 24. U.S. RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 25. CANADA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 26. CANADA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 27. CANADA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 28. MEXICO RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 29. MEXICO RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 30. MEXICO RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 31. EUROPE RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 32. EUROPE RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 33. EUROPE RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 34. EUROPE INDIRECT SALES RED SAUCE MARKET, BY SUBTYPE, 2021-2031 ($MILLION)
TABLE 35. EUROPE RED SAUCE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 36. GERMANY RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 37. GERMANY RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 38. GERMANY RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 39. UK RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 40. UK RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 41. UK RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 42. FRANCE RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 43. FRANCE RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 44. FRANCE RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 45. ITALY RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 46. ITALY RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 47. ITALY RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 48. SPAIN RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 49. SPAIN RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 50. SPAIN RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 51. SWITZERLAND RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 52. SWITZERLAND RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 53. SWITZERLAND RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 54. REST OF EUROPE RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 55. REST OF EUROPE RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 56. REST OF EUROPE RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 57. ASIA-PACIFIC RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 58. ASIA-PACIFIC RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 59. ASIA-PACIFIC RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 60. ASIA-PACIFIC INDIRECT SALES RED SAUCE MARKET, BY SUBTYPE, 2021-2031 ($MILLION)
TABLE 61. ASIA-PACIFIC RED SAUCE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 62. CHINA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 63. CHINA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 64. CHINA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 65. INDIA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 66. INDIA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 67. INDIA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 68. JAPAN RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 69. JAPAN RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 70. JAPAN RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 71. SOUTH KOREA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 72. SOUTH KOREA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 73. SOUTH KOREA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 74. AUSTRALIA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 75. AUSTRALIA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 76. AUSTRALIA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 77. REST OF ASIA-PACIFIC RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 78. REST OF ASIA-PACIFIC RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 79. REST OF ASIA-PACIFIC RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 80. LAMEA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 81. LAMEA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 82. LAMEA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 83. LAMEA INDIRECT SALES RED SAUCE MARKET, BY SUBTYPE, 2021-2031 ($MILLION)
TABLE 84. LAMEA RED SAUCE MARKET, BY COUNTRY, 2021-2031 ($MILLION)
TABLE 85. BRAZIL RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 86. BRAZIL RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 87. BRAZIL RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 88. SOUTH AFRICA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 89. SOUTH AFRICA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 90. SOUTH AFRICA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 91. UAE RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 92. UAE RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 93. UAE RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 94. ARGENTINA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 95. ARGENTINA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 96. ARGENTINA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 97. REST OF LAMEA RED SAUCE MARKET, BY PACKAGING TYPE, 2021-2031 ($MILLION)
TABLE 98. REST OF LAMEA RED SAUCE MARKET, BY NATURE, 2021-2031 ($MILLION)
TABLE 99. REST OF LAMEA RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($MILLION)
TABLE 100. GENERAL MILLS, INC.: KEY EXECUTIVES
TABLE 101. GENERAL MILLS, INC.: COMPANY SNAPSHOT
TABLE 102. GENERAL MILLS, INC.: PRODUCT SEGMENTS
TABLE 103. GENERAL MILLS, INC.: PRODUCT PORTFOLIO
TABLE 104. THE KRAFT HEINZ COMPANY: KEY EXECUTIVES
TABLE 105. THE KRAFT HEINZ COMPANY: COMPANY SNAPSHOT
TABLE 106. THE KRAFT HEINZ COMPANY: PRODUCT SEGMENTS
TABLE 107. THE KRAFT HEINZ COMPANY: PRODUCT PORTFOLIO
TABLE 108. THE KRAFT HEINZ COMPANY: KEY STRATERGIES
TABLE 109. LITEHOUSE, INC.: KEY EXECUTIVES
TABLE 110. LITEHOUSE, INC.: COMPANY SNAPSHOT
TABLE 111. LITEHOUSE, INC.: PRODUCT SEGMENTS
TABLE 112. LITEHOUSE, INC.: PRODUCT PORTFOLIO
TABLE 113. LITEHOUSE, INC.: KEY STRATERGIES
TABLE 114. CONAGRA BRANDS, INC.: KEY EXECUTIVES
TABLE 115. CONAGRA BRANDS, INC.: COMPANY SNAPSHOT
TABLE 116. CONAGRA BRANDS, INC.: PRODUCT SEGMENTS
TABLE 117. CONAGRA BRANDS, INC.: PRODUCT PORTFOLIO
TABLE 118. CONAGRA BRANDS, INC.: KEY STRATERGIES
TABLE 119. CAMPBELL SOUP COMPANY: KEY EXECUTIVES
TABLE 120. CAMPBELL SOUP COMPANY: COMPANY SNAPSHOT
TABLE 121. CAMPBELL SOUP COMPANY: PRODUCT SEGMENTS
TABLE 122. CAMPBELL SOUP COMPANY: PRODUCT PORTFOLIO
TABLE 123. CAMPBELL SOUP COMPANY: KEY STRATERGIES
TABLE 124. BARILLA HOLDING S. R. L.: KEY EXECUTIVES
TABLE 125. BARILLA HOLDING S. R. L.: COMPANY SNAPSHOT
TABLE 126. BARILLA HOLDING S. R. L.: PRODUCT SEGMENTS
TABLE 127. BARILLA HOLDING S. R. L.: PRODUCT PORTFOLIO
TABLE 128. BARILLA HOLDING S. R. L.: KEY STRATERGIES
TABLE 129. MIZKAN HOLDINGS CO., LTD.: KEY EXECUTIVES
TABLE 130. MIZKAN HOLDINGS CO., LTD.: COMPANY SNAPSHOT
TABLE 131. MIZKAN HOLDINGS CO., LTD.: PRODUCT SEGMENTS
TABLE 132. MIZKAN HOLDINGS CO., LTD.: PRODUCT PORTFOLIO
TABLE 133. GOYA FOODS, INC.: KEY EXECUTIVES
TABLE 134. GOYA FOODS, INC.: COMPANY SNAPSHOT
TABLE 135. GOYA FOODS, INC.: PRODUCT SEGMENTS
TABLE 136. GOYA FOODS, INC.: PRODUCT PORTFOLIO
TABLE 137. MUTTI S. P. A.: KEY EXECUTIVES
TABLE 138. MUTTI S. P. A.: COMPANY SNAPSHOT
TABLE 139. MUTTI S. P. A.: PRODUCT SEGMENTS
TABLE 140. MUTTI S. P. A.: PRODUCT PORTFOLIO
TABLE 141. MUTTI S. P. A.: KEY STRATERGIES
TABLE 142. SOVOS BRANDS, INC.: KEY EXECUTIVES
TABLE 143. SOVOS BRANDS, INC.: COMPANY SNAPSHOT
TABLE 144. SOVOS BRANDS, INC.: PRODUCT SEGMENTS
TABLE 145. SOVOS BRANDS, INC.: PRODUCT PORTFOLIO
TABLE 146. CENTO FINE FOODS: KEY EXECUTIVES
TABLE 147. CENTO FINE FOODS: COMPANY SNAPSHOT
TABLE 148. CENTO FINE FOODS: PRODUCT SEGMENTS
TABLE 149. CENTO FINE FOODS: SERVICE SEGMENTS
TABLE 150. CENTO FINE FOODS: PRODUCT PORTFOLIO
TABLE 151. NECTORIUS FOODS MANUFACTURER PVT. LTD.: KEY EXECUTIVES
TABLE 152. NECTORIUS FOODS MANUFACTURER PVT. LTD.: COMPANY SNAPSHOT
TABLE 153. NECTORIUS FOODS MANUFACTURER PVT. LTD.: PRODUCT SEGMENTS
TABLE 154. NECTORIUS FOODS MANUFACTURER PVT. LTD.: PRODUCT PORTFOLIO
TABLE 155. NEWMANS OWN, INC.: KEY EXECUTIVES
TABLE 156. NEWMANS OWN, INC.: COMPANY SNAPSHOT
TABLE 157. NEWMANS OWN, INC.: PRODUCT SEGMENTS
TABLE 158. NEWMANS OWN, INC.: PRODUCT PORTFOLIO
TABLE 159. G. L. MEZZETTA, INC.: KEY EXECUTIVES
TABLE 160. G. L. MEZZETTA, INC.: COMPANY SNAPSHOT
TABLE 161. G. L. MEZZETTA, INC.: PRODUCT SEGMENTS
TABLE 162. G. L. MEZZETTA, INC.: PRODUCT PORTFOLIO
TABLE 163. B&G FOODS, INC.: KEY EXECUTIVES
TABLE 164. B&G FOODS, INC.: COMPANY SNAPSHOT
TABLE 165. B&G FOODS, INC.: PRODUCT SEGMENTS
TABLE 166. B&G FOODS, INC.: PRODUCT PORTFOLIO
List of Figures
FIGURE 01. RED SAUCE MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF RED SAUCE MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN RED SAUCE MARKET (2022-2031)
FIGURE 04. HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05. HIGH BARGAINING POWER OF BUYERS
FIGURE 06. HIGH THREAT OF SUBSTITUTES
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. MODERATE INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALRED SAUCE MARKET
FIGURE 10. VALUE CHAIN ANALYSIS: RED SAUCE MARKET
FIGURE 11. RED SAUCE MARKET, BY PACKAGING TYPE, 2021 (%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR BOTTLES, BY COUNTRY 2021-2031 (%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR POUCHES, BY COUNTRY 2021-2031 (%)
FIGURE 14. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 15. RED SAUCE MARKET, BY NATURE, 2021 (%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR ORGANIC, BY COUNTRY 2021-2031 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR CONVENTIONAL, BY COUNTRY 2021-2031 (%)
FIGURE 18. RED SAUCE MARKET, BY DISTRIBUTION CHANNEL, 2021 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR DIRECT SALES, BY COUNTRY 2021-2031 (%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF RED SAUCE MARKET FOR INDIRECT SALES, BY COUNTRY 2021-2031 (%)
FIGURE 21. RED SAUCE MARKET BY REGION, 2021
FIGURE 22. U.S. RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 23. CANADA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 24. MEXICO RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 25. GERMANY RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 26. UK RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 27. FRANCE RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 28. ITALY RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 29. SPAIN RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 30. SWITZERLAND RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 31. REST OF EUROPE RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 32. CHINA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 33. INDIA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 34. JAPAN RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 35. SOUTH KOREA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 36. AUSTRALIA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 37. REST OF ASIA-PACIFIC RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 38. BRAZIL RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 39. SOUTH AFRICA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 40. UAE RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 41. ARGENTINA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 42. REST OF LAMEA RED SAUCE MARKET, 2021-2031 ($MILLION)
FIGURE 43. TOP WINNING STRATEGIES, BY YEAR
FIGURE 44. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 45. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 46. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 47. COMPETITIVE DASHBOARD
FIGURE 48. COMPETITIVE HEATMAP: RED SAUCE MARKET
FIGURE 49. TOP PLAYER POSITIONING, 2021
FIGURE 50. GENERAL MILLS, INC.: NET SALES, 2019-2021 ($MILLION)
FIGURE 51. GENERAL MILLS, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 52. GENERAL MILLS, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 53. THE KRAFT HEINZ COMPANY: NET SALES, 2019-2021 ($MILLION)
FIGURE 54. THE KRAFT HEINZ COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 55. THE KRAFT HEINZ COMPANY: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 56. THE KRAFT HEINZ COMPANY: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 57. CONAGRA BRANDS, INC.: NET SALES, 2019-2021 ($MILLION)
FIGURE 58. CONAGRA BRANDS, INC.: RESEARCH & DEVELOPMENT EXPENDITURE, 2019-2021
FIGURE 59. CONAGRA BRANDS, INC.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 60. CAMPBELL SOUP COMPANY: NET SALES, 2020-2022 ($MILLION)
FIGURE 61. CAMPBELL SOUP COMPANY: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2022
FIGURE 62. CAMPBELL SOUP COMPANY: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 63. BARILLA HOLDING S. R. L.: NET REVENUE, 2020-2021 ($MILLION)
FIGURE 64. BARILLA HOLDING S. R. L.: RESEARCH & DEVELOPMENT EXPENDITURE, 2020-2021
FIGURE 65. BARILLA HOLDING S. R. L.: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 66. BARILLA HOLDING S. R. L.: REVENUE SHARE BY REGION, 2021 (%)
FIGURE 67. SOVOS BRANDS, INC.: NET SALES, 2019-2021 ($MILLION)
FIGURE 68. B&G FOODS, INC.: NET SALES, 2019-2021 ($MILLION)

Executive Summary

According to the report titled, “Red Sauce Market," the red sauce market was valued at $3.1 billion in 2021, and is estimated to reach $5.6 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.

The global red sauce market size was valued at $3,107.2 million in 2021, and is projected to reach $5,574.6 million by 2031, registering a CAGR of 6.1%.

Red sauce is a general term that refers to a range of sauces that are mostly comprised of tomatoes and are frequently served as an entrée rather than a side dish. Despite the fact that red sauces are frequently served with meat and vegetables, they are perhaps best recognized for serving as the foundation for the sauces in Mexican salsas and Italian pasta dishes.

The commercial food service industry is a dynamic that frequently changes its menu options on a global scale. Consumer preferences have an impact on how menus are changed and sold by businesses. Additionally, one of the trends in the food & beverage sector is merging food or preparation techniques from two or more distinct countries into one dish or item. Additionally, particular cultures and geographical regions have a long history of being closely related to specific cooking and food preparation practices. The cuisines of the past were largely influenced by the locally available food in different parts of the world. But as cross-cultural cuisines become more common, people are becoming more familiar with a wide variety of flavors and cooking methods. Additionally, single ingredients like red sauce frequently appear in a range of dishes, which helps to meet the need for red sauce around the world.

Clean-label products are manufactured only with components that customers recognize and approve. Absent of artificial-sounding or deceptive substances. having an ingredient list that is compatible with the consumer's comprehension of the claims made on the packaging and not containing any genetically modified substances (non-GM). Moreover, consumers prefer clean-label and organic products considering their health, product nutritional value, and product sustainability. With data indicating that clean labels improve consumer willingness to pay a higher price point and foster loyalty, the clean-label ingredients business is continuing to rise. Moreover, red sauce is gaining traction as a natural and organic ingredient in the market. The convenience of food items such as pizza and pasta produced with red cause to create healthy food items is expected to boost the demand in the red sauce market across the globe. Red sauce consumption is good for health as it offers a flavorful taste. The consumption of red sauce products leads to the improvement of gut health and immunity. It also helps to maintain blood sugar levels. Thus, the increase in health consciousness among consumers is creating new opportunities for the growth of the red sauce market.

The red sauce market is segmented on the basis of packaging type, nature, distribution channel, and region. By packaging type, the market is categorized into bottles, pouches, and others. By nature, the red sauce market is fragmented into conventional and organic. By distribution channel, the market is divided into direct sales and indirect sales. Moreover, the red sauce market is further classified into third-level segmentation through the distribution channel. By indirect sales, the market is divided into hypermarket/supermarket, convenience stores, e-commerce, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Switzerland and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, UAE, Argentina and Rest of LAMEA).

The major players operating in the global red sauce are Chilzo, General Mills, The Kraft Heinz Company, Victoria, Organicville, Newman’s Own, ConAgra Foods, Mezzetta Family Co., Campbell Soup Company, Barilla, Ragu, Goya Foods, Mutti, Rao’s Homemade and Cento Fine Foods.

Key findings of the study

The global red sauce market was valued at $3,107.2 million in 2021, and is projected to reach $5,574.6 million by 2031, registering a CAGR of 6.1 % from 2021 to 2031.
  • By packaging type, the bottles segment was the highest contributor to the market, with $1,333.3 million in 2021, and is estimated to reach $2,369 million by 2031, at a CAGR of 6.0% during the forecast period.
  • By nature, conventional segment was the highest contributor to the market, with $2,576.3 million in 2021, and is estimated to reach $4,580 million by 2031, at a CAGR of 6.0% during the forecast period.
  • By distribution channel, the indirect sales segment was the highest contributor to the market, with $1916.8 million in 2021, and is estimated to reach $3484.6 million by 2031, at a CAGR of 6.2% during the forecast period.
  • By region, North America was the highest revenue contributor, accounting for $1,012.9 million in 2021, and is estimated to reach $1,767.1 million by 2031, with a CAGR of 5.8%.

Companies Mentioned

  • General Mills, Inc.
  • The Kraft Heinz Company
  • Conagra Brands, Inc.
  • Barilla Holding S.r.l.
  • Mizkan Holdings Co., Ltd.
  • Mutti S.p.A.
  • Sovos Brands, Inc.
  • Cento Fine Foods
  • Nectorius Foods Manufacturer Pvt. Ltd.
  • Newmans Own, Inc.
  • G.L. Mezzetta, Inc.
  • B&G Foods, Inc.
  • Litehouse, Inc.
  • Campbell Soup Company
  • Goya Foods, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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