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 Key Buyers Chapter
The industry has a high level of market share concentration, with the four largest players expected to account for more than 70% of industry revenue. This is mainly attributable to the strong branding of major players and their diversification among other food products. Because these companies operate on a large scale, they are able to leverage their size in negotiation with suppliers, wholesalers and retailers. This power provides large operators with a competitive advantage over smaller enterprises. The production of pasta sauce also benefits from economies of scale, which effectively reduce the costs for larger players. Overall, market share concentration is expected to decline over the five years through 2020-21... purchase to read more