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 by an annualised 2.0% over the five years through 2014-15, to reach $142.2 million. Busy consumer lifestyles, renewed interest in cooking at home and some premiumisation have benefited producers. These factors are expected to contribute to 1.0% revenue growth in 2014-15. However, growth has been constrained over the past five years by private-label expansion and the popularity of food- service establishments.
For some consumers, pasta sauce represents a quick and convenient meal component that is cost-effective and healthy... purchase to read more
Industry Report - Industry Analysis Chapter
The Pasta Sauce Production industry has bucked the downward trend of many manufacturing industries over the past five years. Increasingly time-poor consumer lifestyles have stimulated demand for pasta sauce. Some producers have benefited from a strengthening trend towards purchasing premium products. However, the industry has not been immune to competitive pressures from private-label products. Over the five years through 2014-15, industry revenue is projected to post annualised growth of 2.0%, to reach $142.2 million. This includes forecast growth of 1.0% for 2014-15.
Consumer cooking habits
Consumers' reasons for purchasing pasta sauce vary according to their lifestyle and cooking habits. Consumers are becoming increasingly time-poor... purchase to read more