Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.3 Billion | USD 32.4 Billion | 3.8% | 2024 |
FrequentlyAsked Questions
Mostly made from tomatoes, tomato sauce is a thick, savory sauce simmered with herbs, spices, onions, and garlic most of the time.
The tomato sauce market is driven by the growing demand for convenience food, the rising popularity of international cuisines, the expansion of QSR, increasing e-commerce, and others.
According to the report, the global tomato sauce market size was worth around USD 22.3 billion in 2024 and is predicted to grow to around USD 32.4 billion by 2034.
The global tomato sauce market is expected to grow at a CAGR of 3.8% during the forecast period.
The global tomato sauce market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the appeal of ethnic cuisines like Mexican and Italian and the expansion of QSR.
The global tomato sauce market is dominated by players like Everest Food, CREMICA FOOD INDUSTRIES LTD, Lee Kum Kee, Nestle SA, Botton Group S.r.l, Kraft Foods, Del Monte Foods, Inc., Premier Foods Limited, Unilever, General Mills Inc., DNV Foods Products Ltd., Gustora Foods, Veeba Foods, Delicia Foods India Pvt. Ltd., and Tedesco's Sauce Co, among others.
The tomato sauce market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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