NEW YORK , Oct. 30, 2024 /PRNewswire/ -- Report with the AI impact on market trends - The global pesto sauces market size is estimated to grow by USD 936.2 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 4.36% during the forecast period. New product launch is driving market growth, with a trend towards expanding retail space.
However, fluctuating price of raw materials poses a challenge.Key market players include Barilla G. E R.
Fratelli Spa, Belazu Ingredient Co., Buitoni Food Co., F.
lli De Cecco di Filippo SpA, F.lli Sacla Spa, Fattorie Umbre S. R.
L., Filippo Berio USA LTD., Food Service ( India ) Pvt.
Ltd, Frontier Co op, Mezzetta, Napolina, Nestle SA, Rana USA Inc., Raos Specialty Foods Inc., Roland Foods LLC, Saucery Foods Pvt.
Ltd., Sorrentina Honestly Italian Pvt. Ltd.
, Telluric Foods Ltd., Ugo Foods Group Ltd., and Unilever PLC.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report Market Driver The global pesto sauces market is experiencing growth due to the expanding retail landscape. Supermarkets and hypermarkets, convenience stores, and discount stores remain the primary distribution channels.
However, e-commerce sales are on the rise, with platforms like Amazon driving growth. Consumers' preference for cooking at home and the convenience offered by online shopping contribute to this trend. Traditional retail sales of pesto sauces.