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Summary and extracts
1 Market Overview
1.1 Definition and presentation
A ready-made sauce is a finished product (mixture of several ingredients) that can be purchased in grocery stores and supermarkets, the use of which involves only that the contents of the jar are heated and then combined directly with other foods such as pasta or rice.
The ready-made sauce market can be segmented into:
-Tomato-based condiments;
-Pesto;
-Other sauces (micro-category).
This market can also be segmented into hot sauces and cold sauces (mayonnaise, salad dressings, etc.) and is a sub-segment of the condiment market.
The global market for ready-made sauces is definitely growing for several reasons, one of which is the lack of material time to be able to cook that forces consumers to opt for ready-made products. It is projected that The global sales of the sauces and spices market will increase with a CAGR of 4.6 percent from 2014 to 2027, while volume sales of sauces and spices will grow by 1.3 percent during this period. In Italy, the sauces market is basically stable and in retail is worth about 45,000 tons per year. The market value has increased slightly over the years due to the introduction of new products.
In recent years, the penetration of ready-made sauces within Italian households has stood at 55 percent, and it can be seen that 57 percent of volumes are purchased in northern Italy.
The criteria of choice that lead consumers to buy one sauce rather than another are trust in the brand and diversification of recipes, the more sophisticated the recipes are the less the consumer will be driven to an impulsive purchase and it will be easier to make him a regular customer.
Consumers' favorite places to purchase these products are hypermarkets. As for cold sauces we note a positive purchasing trend mainly due to the introduction of e-commerce channels that have become increasingly popular in the post-Covid period.The main trends that have been evidenced by the most important players in the market are the constant search for quality by consumers, attention to raw materials (possibly Italian) used and authentic flavors, and innovation. Innovation is considered a key factor because only by innovating can the producer capture the changing food trends and tastes of consumers.
1.2 World Market
Global sales in the sauces and spices market will increase at a CAGR of *.* percent from **** to ****, while volume sales of sauces and spices will grow by *.* percent during this period. In the sauces and spices segment, Japan and Switzerland have the highest annual per capita revenues in ****.
Global segment turnover: ...
1.3 Italian Market
In the last year (***) sauces reached a total turnover of *.* billion euros. this is what emerges from the report 'Reds and ready-made sauces in the year of the energy and inflationary crisis' prepared by Iri.
The largest market, reds, boasts a year-on-year turnover of more than *** million euros. Tomato puree remains ...
1.4 Imports and Exports
The graph shows the trends in exports, imports, and the coverage rate of sauces and other seasonings from and to Italy over the years **** to ****. Exports increased steadily over the years, from $***.* million in **** to $****.* million in ****. The largest increase occurred between **** and ****, when exports increased from $****.* million to $****.* million. Imports, ...
1.5 Covid-19 impact
The COVID-** pandemic has had a differentiated impact on various sectors of the Italian food industry, including sauce manufacturers. While some segments have suffered severe difficulties due to restaurant closures and lockdowns, others have thrived due to increased domestic consumption, sometimes reversing previously declining trends.
Now, these sectors are faced with ...
2 Demand analysis
2.1 Sales volumes of various products
Sauces, and especially tomato sauces, have traditionally been a passion for Italians, and this is certainly also demonstrated by the value of this market within Italian Distribution. In fact, in the last year, the Rossi market and the UHT Sauces market together reached a turnover of more than *.* billion euros In ...
2.2 The Italians and Tomato Base Sauces
Consumption of the young
Regarding purchasing behavior, even in the youngest age groups, passata represents for **% of respondents, the most purchased option combining practicality and affordability. This is followed by pulp (***). Bringing up the rear is tomato paste, preferred in only *% of cases.
Purchasing habits of young people's tomato derivatives, by ...
2.3 Average monthly household expenditure
The graph shows the average monthly household expenditure on sauces and condiments, in current euros, from **** to ****. In ****, the average expenditure was *.** euros. This increased by about *.* percent in ****, reaching *.** euros. In ****, the average expenditure increased again, reaching *.** euros, which represents an increase of about *.* percent over ****. In ****, the average expenditure ...
2.4 Pasta consumption as a demand driver
Pasta consumption is proportionally related to the consumption of sauces and gravies for several reasons, related to both eating habits and practical and gustatory aspects. This close relationship between the two aspects has a significant impact on food markets, especially in countries like Italy, where pasta is a staple food and ...
2.4 Omnichanneling
Buzzoole research shows that ** percent of Italians follow influencers for culinary advice. Beverage-themed content has also increased in the past year.
On social networks, people are increasingly talking about food. That of food & beverage-themed content is a long-standing trend, but one that has seen a further increase in the past year. ...
3 Market structure
3.1 Market actors
As can be seen from the graph below, the number of enterprises has gradually decreased in recent years: from from *** enterprises in **** to **** enterprises in ****, for adecrease of **, or **.* percent. However, this trend was reversed during the pandemic: in ****, the number of enterprises increased by ** to *** with an increase of *.*% over ...
3.2 Value Chain
3.3 Distribution channels
Ready-made sauces are very common food products and can be distributed through a variety of channels. Distribution channels depend on the company's strategy, target market, and product type. Here are some common distribution channels for ready-made sauces:
Supermarkets and hypermarkets: This is one of the main distribution channels for ready-made sauces. ...
4 Supply analysis
4.1 Products
Classics
Mother sauces
- Spanish sauce (***)
- béchamel and velouté (***)
- tomato sauce
Basic sauces
- white sauces (***)
- Brown sauces (***)
Derived or compound sauces
- which are derived from the parent sauces or tomato sauce, e.g. port sauce which is made by adding port to demi-glace sauce .
Not ...
4.2 Prices
In UHT Sauces, on the other hand, the increase in the average price already accelerates from the beginning of the summer, while the sharp decrease in the promotional level is present in the preceding months. In fact, as shown in the graph below from December ****, we were already beginning to see ...
4.3 Trends
There are a number of trends in the sauces market:
Low-fat , low-caloriesauces are gaining ground.in food consumption, the most relevant finding emerging is undoubtedly that of a new approach to food, characterized by an increasing attention to the health aspects of food; there is a growing awareness among consumers that ...
5 Regulations
5.1 Regulation
The production of sauces and gravies in Italy must comply with various regulations at the national level and, if intended for export, European regulations as well. Some of the main regulations that must be considered include:
General Food Safety Law: This law establishes the general principles for food safety and sets ...
6 Positioning of actors
6.1 Segmentation
- Barilla Group
- Rana (Groupe Giovanni Rana)
- Mutti
- Acetum S.p.a
- Ponti S.p.a
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the market for sauces | Italy
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