Overview and Scope
Red sauce refers to a category of sauces made primarily from tomatoes that are seasoned with various herbs and spices to enhance their flavor. These sauces are versatile and used in a wide range of culinary applications, including as condiments, cooking bases, and flavor enhancers for various dishes.
Sizing and Forecast
The red sauce market size has grown strongly in recent years. It will grow from $3.13 billion in 2023 to $3.37 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increasing home cooking, urbanization and lifestyle changes, rising disposable incomes, expansion of retail networks, globalization of cuisines, advertising and promotions, product variability.
The red sauce market size is expected to see strong growth in the next few years. It will grow to $4.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to health and wellness trends, convenience foods, innovative packaging, e-commerce growth, culinary tourism, sustainability and ethical consumption, expansion in emerging markets. Major trends in the forecast period include technological advancements, innovation in flavors, sustainable packaging, smart labeling, personalized nutrition, ai and big data analytics, plant-based alternatives.
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Segmentation & Regional Insights
The red sauce market covered in this report is segmented –
1) By Type: Tomato Ketchup, Pasta Sauce, Pizza Sauce, Other Types
2) By Nature: Organic, Conventional
3) By Packaging Type: Bottles, Pouches, Other Packaging Type
4) By Distribution channel: Direct Sales, Indirect Sales
5) By Application: Residential, Commercial
North America was the largest region in the red sauce market in 2023. The regions covered in the red sauce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
A rise in dining out and food service demand is expected to propel the growth of the red sauce market going forward. Dining out and food service refers to consuming meals at restaurants, cafes, and other food establishments and providing food through catering and hospitality services. These dining outs and food services are a cause of social dining and entertainment culture, increased variety and availability of dining options, and effective marketing and promotional activities by restaurants and food services. Red sauce is a versatile ingredient that enhances the dining out and food service experience by elevating the flavor of various dishes and allowing restaurants to offer nutritious and savory options that attract health-conscious customers and boost overall satisfaction. For instance, in July 2023, according to a report published by the United States Department of Agriculture, a US-based federal agency, about $2.11 trillion in food was provided by the food service and retail sectors in 2021 and $2.39 trillion in 2022, an increase of $0.28 trillion. Furthermore, food-away-from-home spending increased from $1.16 trillion in 2021 to $1.34 trillion in 2022, accounting for 56% of total food expenditures in 2022. Therefore, a rise in dining out and food service demand drives the travel red sauce market.
Key Industry Players
Major companies operating in the red sauce market are Cargill Incorporated, Nestle SA, The Kraft Heinz Company, General Mills Inc., Conagra Brands Inc, The Campbell Soup Company, Barilla G. e R. Fratelli S.p.A., Del Monte Foods Inc , B&G Foods Inc., Mizkan Group, La Costeña, Goya Foods Inc., Mutti S.p.A. , Rao’s Specialty Foods, Litehouse Inc., California Olive Ranch, G.L. Mezzetta Inc., Cento Fine Foods, Victoria Fine Foods LLC , Newman’s Own Inc., Dave’s Gourmet LLC, De Cecco, La Regina di San Marzano Inc., Otamot Foods, Organico Bello
The red sauce market report table of contents includes:
1. Executive Summary
2. Red Sauce Market Characteristics
3. Red Sauce Market Trends And Strategies
4. Red Sauce Market – Macro Economic Scenario
5. Global Red Sauce Market Size and Growth
..
32. Global Red Sauce Market Competitive Benchmarking
33. Global Red Sauce Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Red Sauce Market
35.Red Sauce Market Future Outlook and Potential Analysis
36.Appendix
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