Secret recipe: An increasing range of gourmet products has supported industry revenue growth

The Pasta Sauce Production industry has grown modestly over the past five years. Consumer palates have become more sophisticated over the period, which has supported demand for higher quality food products. Industry operators have benefited from rising demand for premium varieties of pasta sauce that contain gourmet ingredients, such as semi-dried tomato and caramelised onion. Rising disposable incomes over the past five years have supported increased demand for these premium products. However, growing demand for meals outside of the home has limited industry growth over the period. Industry revenue is expected to grow at an annualised 1.4% over the five years through 2017-18, to reach $152.6 million. This includes an anticipated growth of 1.1% in the current year...read more.

Industry Statistics & Market Size
Revenue
$153m
Annual Growth 13-18
1.4%
Forecast Growth 18-23
Profit
Employment
387
Businesses
26

Industry Threats & Opportunities

  • The industry has benefited from rising demand for premium varieties of pasta sauce
  • Trends favouring high-quality cooking at home have benefited simmer sauce producers
  • Consumers that rely on pasta sauces for convenience are anticipated to try new flavours
  • Industry Report - Industry Investment Chapter

    The Pasta Sauce Production industry is moderately capital-intensive. For every dollar spent on capital costs, an estimated $4.72 is spent on labour. Industrial cooking equipment, such as tomato squeezers, puree machines and cooking boilers, account for the bulk of the industry's capital expenditure. Larger players tend to be more capital-intensive than their smaller counterparts, due to scales of production and better access to finance to fund capital expenditure. Smaller players tend to focus on niche areas of the market, such as organic or unique flavours. While this can reduce the scale of production, it also diminishes initial capital costs, as these players rely on smaller, less expensive cooking equipment. Ove...purchase to read more.

    Additional Insights for the Pasta Sauce Production Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Pasta Sauce Production Industry are

  • Supply contracts in place for key inputs
  • Economies of scale
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Demand from food and beverage services and Demand from supermarkets and grocery stores in the Pasta Sauce Production industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from food and beverage services
  • Demand from supermarkets and grocery stores
  • Domestic price of vegetables
  • Real household disposable income

  • Current Performance
  • Gourmet trend
  • Consumer

    cooking habits

  • Competitive pressures
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer trends
  • Profitability
  • Food-service threat
  • Industry structure
  • Table: Pasta Sauce Production Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Pasta Sauce Production Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • General Line Grocery Wholesaling
  • Supermarkets and Grocery Stores
  • Consumers

  • Key Selling Industries
  • Cheese Manufacturing
  • Fruit and Vegetable Processing
  • Outdoor Vegetable Growing
  • Sugar Manufacturing

  • Products & Services
  • Traditional pasta sauces
  • Pasta bake sauces
  • Stir through sauces
  • Simmer sauces
  • Chart: Pasta Sauce Production Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets (branded products)
  • Grocery wholesalers
  • Supermarkets (private-label products)
  • Export markets
  • Chart: Major Market Segmentation for the Pasta Sauce Production Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Pasta Sauce Production

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Pasta Sauce Production Industry

  • Industry Globalization
    Simplot Australia (Holdings) Pty Limited, Mars Australia Pty Ltd, General Mills Holding (Australia) Pty Ltd,
  • Table: Simplot Australia (Holdings) Pty Limited - financial performance
  • Table: Mars Australia Pty Ltd - financial performance
  • Table: General Mills Holding (Australia) Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Pasta Sauce Production Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Pasta Sauce Production Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Private-Label
  • A product purchased from a contracted manufacturer by a retailer or supplier, and sold under the brand name of the retailer or supplier, not the manufacturer.
  • Simmer Sauce
  • Pasta sauce that requires a longer cooking time and often benefits from consumer added ingredients.
  • Stir Through Sauce
  • Pasta sauce that can be stirred through cooked and drained pasta to be heated and then immediately served.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Pasta Sauce Production market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Pasta Sauce Production:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Pasta Sauce Production market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Pasta Sauce Production, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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