Industry Analysis & Industry Trends
The Pasta Sauce Production industry has performed well over the past five years, in contrast to the downward trend exhibited by many manufacturing industries. Industry revenue is expected to grow at an annualised 2.5% over the five years through 2015-16, to reach $145.7 million. Busy consumer lifestyles, renewed interest in cooking at home and some premiumisation have benefited producers. These factors are expected to contribute to 2.0% revenue growth in 2015-16.
For some consumers, pasta sauce represents a quick and convenient meal component that is cost-effective and healthy. Other consumers use pasta sauce as a recipe base for more sophisticated cooking involving meat, vegetables, herbs and spices... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Pasta Sauce Production industry is expected to be in the mature phase of its life cycle. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is forecast to grow at an annualised 1.5% over the 10 years through 2020-21. This is lower than growth in GDP over the same period, at an annualised 2.8%. The industry's lower IVA is indicative of its waning contribution to the economy. Given that the industry's IVA figure is not significantly lower than GDP, IBISWorld does not anticipate a shift into a decline phase over the next five years.
Pasta sauce is a staple product in many households and is wholeheartedly accepted by consumers... purchase to read more