Asia Pacific Pasta Sauce Market Size & Outlook, 2019-2027
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Asia Pacific pasta sauce market highlights
- The Asia Pacific pasta sauce market generated a revenue of USD 2,698.4 million in 2019.
- The market is expected to grow at a CAGR of 4.7% from 2020 to 2027.
- In terms of segment, tomato based & marinara was the largest revenue generating product in 2019.
- Alfredo & Four Cheese is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2020 to 2027.
Asia Pacific data book summary
| Market revenue in 2019 | USD 2,698.4 million |
| Market revenue in 2027 | USD 3,903.0 million |
| Growth rate | 4.7% (CAGR from 2019 to 2027) |
| Largest segment | Tomato based & marinara |
| Fastest growing segment | Alfredo & Four Cheese |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Tomato Based & Marinara, Ragu & Bolognese, Pesto, Alfredo & Four Cheese |
| Key market players worldwide | Conagra Brands Inc, Mizkan America |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.0% of the global pasta sauce market in 2019.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,903.0 million by 2027.
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Pasta Sauce Market Scope
Pasta Sauce Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mizkan America | View profile | 501-1000 | America, Alabama, United States, North America | http://mizkan.com |
| Conagra Brands Inc | View profile | 18600 | 222 W. Merchandise Mart Plaza, Suite 1300, Chicago, IL, United States, 60654 | https://www.conagrabrands.com |
Asia Pacific pasta sauce market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to pasta sauce market will help companies and investors design strategic landscapes.
Tomato based & marinara was the largest segment with a revenue share of 26.24% in 2019. Horizon Databook has segmented the Asia Pacific pasta sauce market based on tomato based & marinara, ragu & bolognese, pesto, alfredo & four cheese covering the revenue growth of each sub-segment from 2016 to 2027.
The rising spending on food products, increasing working population, changing consumer preference, and rapidly growing modern retail are driving pasta sauce demand in this region. The convenience and economical value of pasta and pasta sauces are attracting consumers in large numbers in countries like China, Japan, India, Vietnam, and Indonesia to try these products.
The tomato-based & marinara segment accounted for the largest market share of 26.2% in 2019 in the Asia Pacific pasta sauce market and is projected to remain dominant throughout the forecast period, owing to the consumer preference for tangy-flavored pasta sauce.
The vegetable-based segment dominated the Asia Pacific pasta sauce market with a share of 64.7% in 2019. Most consumers in the Asia Pacific region prefer to consume vegetable-based pasta sauce, owing to the wide product availability.
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Target buyers of Asia Pacific pasta sauce market databook
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Our clientele includes a mix of pasta sauce market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific pasta sauce market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific pasta sauce market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific pasta sauce market size, by country, 2016-2027 (US$M)
Asia Pacific Pasta Sauce Market Outlook Share, 2019 & 2027 (US$M)
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