Red Sauce Market By Packaging type (Bottles, Pouches, Others), By Nature (Organic, Conventional), By Distribution channel (Direct sales, Indirect sales): Global Opportunity Analysis and Industry Forecast, 2021-2031
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 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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