China Pasta Sauce Market Size & Outlook, 2019-2027
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China pasta sauce market highlights
- The China pasta sauce market generated a revenue of USD 705.4 million in 2019 and is expected to reach USD 1,014.0 million by 2027.
- The China market is expected to grow at a CAGR of 4.6% 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.
Pasta sauce market data book summary
| Market revenue in 2019 | USD 705.4 million |
| Market revenue in 2027 | USD 1,014.0 million |
| Growth rate | 4.6% (CAGR from 2019 to 2027) |
| Largest segment | Tomato based & marinara |
| Fastest growing segment | Alfredo & Four Cheese |
| Historical data | 2016 - 2018 |
| Base year | 2019 |
| Forecast period | 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, China accounted for 5.2% of the global pasta sauce market in 2019.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, China pasta sauce market is projected to lead the regional market in terms of revenue in 2027.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 720.1 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 |
China 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 26.03% in 2019. Horizon Databook has segmented the China 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.
China emerged as the largest market for pasta sauce in 2019 with a market share of 26.1% in the Asia Pacific region. The convenience and economical value of pasta make it a popular food choice among the consumers, which, in turn, is driving the demand for pasta sauce.
Moreover, the increasing spending on food by the young generation is likely to fuel this market’s growth. Consumers in China are shifting toward healthier pasta sauce variants with no added preservatives due to the rising health-consciousness and wellness concerns.
Tomato-based & marinara emerged as the largest segment in 2019. The marinara is the most consumed pasta sauce in China, due to its tangy flavor and health benefits as it is made with tomatoes in combination with garlic, onion, and other vegetables.
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Target buyers of China 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 country-level data and insights on the China pasta sauce market , including forecasts for subscribers. This country databook contains high-level insights into China pasta sauce market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China pasta sauce market size, by product, 2016-2027 (US$M)
China Pasta Sauce Market Outlook Share, 2019 & 2027 (US$M)
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