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Monday, September 26, 2022

Global Pasta Market To Be Driven By The Increasing Inclination Towards Easy-To-Cook And Versatile Cuisines In The Forecast Period Of 2022-2027

The new report by Expert Market Research titled, ‘Global Pasta Market Size Report and Forecast 2022-2027’, gives an in-depth analysis of the Indian global pasta market, assessing the market based on its segments like types, raw materials, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Pasta Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Value (2020): USD 8 Billion
  • Forecast CAGR (2021-2026): 5%
  • Forecast Market Size (2026): USD 16 Billion
Report AttributeDetails
Historical Period2017-2021
Forecast Period2022-2027
Base Year2020
Market Size in 2020USD 13.8 billion
Revenue Forecast in 2026USD 16 billion
Growth Rate CAGR2.5%
Major PlayersBarilla G. and R. Fratelli SpA, Nestle SA, F.lli De Cecco di Filippo SpA (De Cecco),
Makfa JSC, Durum Gida Sanayi Ve Ticaret A.S., General Mills, Inc. and others

The increasing inclination of consumers towards versatile and easy-to-prepare cuisines owing to the changing lifestyles is driving the market. The increasing demand for packaged lasagne and frozen pasta from the eat-at-home segment is further adding to the market growth. Over the forecast period, the thriving retail sector is likely to provide impetus to the dry, fresh, refrigerated, and stuffed pasta items. This will augment the market growth.

In terms of region, Europe accounts for a significant share of the market owing to the increasing popularity of Italian pasta dishes, which is getting aided by the flourishing travel and tourism industry. Pasta is one of the most crucial parts of the Italian cuisine and has a wide consumer base due to the same. This factor itself is driving significant growth of the market.

Pasta Industry Definition and Major Segments

Pasta is defined as a cuisine which is made up of ingredients such as flour, egg, and water. Pasta can be prepared in different shapes and sizes. Pasta with different shapes is named differently, such as spaghetti, ravioli, and lasagne, among others. Moreover, pasta can be prepared with vegetables and fruits, and sauce is used to compliment the cuisine.

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On the basis of type, the market can be segmented into:

  • Dried Pasta
  • Chilled/Fresh Pasta
  • Canned/Preserved Pasta
  • Others

The market can be broadly categorised on the basis of raw material into:

  • Durum Wheat Semolina
  • Wheat
  • Mix
  • Barley
  • Rice
  • Maize
  • Others

Based on distribution channel, the market has been divided into:

  • Supermarkets/ Hypermarkets
  • Convenience Stores
  • Speciality Stores
  • Online/E-Retailing
  • Others

The regional markets for pasta include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Pasta Market Trends

The increasing penetration of pasta in Mediterranean diets, Mexican cuisines, and Latin America dishes is likely to be a key trend in the market. The increasing awareness about pasta being a healthy ingredient which falls under the category of whole wheat, is bolstering the market growth.

Moreover, the thriving e-commerce industry, which is boosting the popularity of diversified pasta cuisines and dishes, is likely to be another crucial trend in the market. The rapid development of restaurants, hotels, and Italian restaurants providing affordable and high standards dining facilities is anticipated to propel the market growth in the forecast period.

Key Market Players

The major players in the market are Barilla G. and R. Fratelli SpA, Nestle SA, F.lli De Cecco di Filippo SpA (De Cecco), Makfa JSC, Durum Gida Sanayi Ve Ticaret A.S., and General Mills, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

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Contact Person: Ian Bell, Corporate Sales Specialist – U.S.A.
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