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
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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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 450 |
Published | February 2023 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 3107.2 million |
Forecasted Market Value ( USD | $ 5574.6 million |
Compound Annual Growth Rate | 6.0% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |