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 Key Buyers Chapter
The industry has a high level of market share concentration, with the four largest players expected to account for more than 70.0% 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 reduces the costs for larger players. Overall, market share concentration is expected to decline over the five years through 2019-20... purchase to read more