Pasta Market is expected to grow with a CAGR 7.3% from 2022 to 2028
As stated in our extensive report; providing insights on Type, Raw Material, Distribution Channel, Cuisine, and State; the Global Pasta Market accounted for USD 42.1 Billion in 2021.
“Growing Adoption of Convenient Food Products over Traditional Food to Surge Market Growth”
In this modern world, the people and attracting more to convenient food products such as noodles, pasta, ready-to-eat packed foods, among others, over traditional food. This is owing to their busy lifestyle, hectic work schedule, and availability of several convenient food products as alternatives. Additionally, there are several options available among flavors, brands, and raw materials of food such as semolina, refined flour, durum wheat, and others. Owing to this, the demand for pasta is increasing, in turn, further contributing to the market growth over the forecast period.
Moreover, the facts such as longer shelf-life, easy to make procedure, instant preparation, and wider availability in the global marketplace are some other factors increasing the demand for noodles. Also, the cost-effectiveness of the product is another factor that affects market growth. Owing to being cost-effective and affordable, the demand for pasta is also increasing. Thus, driving the market growth over the forecast period. Some of the popular brands among pasta are, Barilla Holding, Nestle, De Cecco, MAKFA, Campbell Soup Company, Armanino Foods of Distinction, Inc, Treehouse Foods, Inc, and Conagra Brands, Inc.
Additionally, the surge in a number of distribution channels such as supermarkets and hypermarkets, convenience stores, specialist retailers, online stores, and others is also increasing the acceptance and increasing fast food adoption among population owing to as being easily available is further propelling the market growth. Especially, among the youth working or studying in another town or abroad. Thus, increasing the demand for pasta, further propelling the market growth over the forecast period.
Europe holds the major share in the market owing to presence of evolving economies. Thus, providing the large base of consumers in the region offering a lucrative opportunity for the market. Hence, contributing the market growth.
Some of key players in Global Pasta Market include Nestle India Limited, ITC Limited, Bambino Agro Industries Limited, Del Monte Foods, MTR Foods Private Limited among others.
Browse the full Report - Pasta Market Size, Share & Trends Analysis Report by Type (Dry Pasta, Instant Pasta, Fresh Pasta), by Raw Material (Semolina, Refined Flour, Durum Wheat, Others), by Distribution Channel (Institutional, Convenience Stores, Hypermarket/Supermarket, E-Retailing), by Sauce Type (White Sauce Pasta, Red Sauce Pasta, Mix Sauce Pasta), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)