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Pasta Market

Pasta Market

Pasta Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

143

Base Year:

2021

Date

Apr - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1504

Segments Covered
  • 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
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 42.1 Billion
Revenue 2028Revenue 2028: USD 64.25 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 7.3%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Pasta Market Share

Pasta Market

Pasta Market- By Type, Raw Material, Distribution Channel, Cuisine and State.

Market Synopsis:

The Global Pasta Market is valued at USD 42.1 Billion in the year 2021 and is projected to reach a value of USD 64.25 Billion by the year 2028. The Global Market is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 7.3% over the forecast period.

Pasta Market Size, 2021 To 2028 (USD Billion)

Pasta is a traditional Italian dish composed with dough, water, eggs, veggies, and oil. The dough is kneaded into a variety of shapes, including penne, spaghetti, farfalle, fettuccine, barbine, and so on. Pasta 's high vitamin and mineral content has been linked to a variety of health advantages. Increased urbanization, changing lifestyles, and rising demand for ready-to-eat items are the key drivers driving the growth of the Pasta Market in India. In addition, the market is influenced by the increased employment rate of women, as well as rising disposable incomes. Furthermore, health-conscious consumers are seeking food products created with healthier components, resulting in an increase in demand for whole-wheat and quinoa Pasta. Pasta's longer shelf life and ease of preparation are also contributing to the market's expansion.

Globalization and the expanding influence of the West have popularized Italian food, among others, in India, which is the primary driver of the Indian Pasta Market's growth. Furthermore, busy schedules, changing culinary tastes, and rising disposable income rates have contributed to an increase in demand for easy-to-cook and packaged food products in India, positively impacting the Indian Pasta industry. Furthermore, rising consumer health awareness has raised demand for better food options such as whole-wheat Pasta, quinoa, and gluten-free dishes. To appeal to a broader client base around the world, foodservice firms are now offering a combination of Italian and Indian cuisine by boiling Pasta with Indian spices. Furthermore, the growth of online retail

Market Segmentation:

Below tree is interactive. You can click the nodes to get more information.

Based on Type

On the basis of Type, the market is segmented into Dry Pasta, Instant Pasta and Fresh Pasta. Because it comes in a variety of shapes and can be stored conveniently, dried form is preferred over chilled or canned form. Furthermore, chilled and canned products have a lower shelf life than dry products, making it difficult to store them for longer periods of time. Furthermore, dried products absorb sauces and ingredients better than other forms, making them a good fit for a variety of recipes. Consumer demand for chilled form has risen dramatically in recent years. Because they are handled at a high temperature during the manufacturing process, industrially manufactured dried items lack the necessary nutrients.

Based on Raw Material:

On the basis of Raw Material, the market is segmented into Semolina, Refined Flour, Durum Wheat and Others. Semolina, a type of wheat flour, is utilized to make the best range of these products on the market. Because of its elasticity, semolina flour can be used to manufacture products in a variety of forms and sizes. It also allows the product to maintain structural uniformity and ensures that the product's texture is preserved. Semolina flour, on the other hand, is high in gluten and may not be suited for celiac disease sufferers or those who are health-conscious. As a result, gluten-free product demand is expected to skyrocket in the coming years.

Europe Dominated the Pasta Market in 2021

Europe acquired the largest market share during the year 2021 with a share of 38.10%. Europe is the largest consumer and is predicted to continue to lead during the forecast period. It has long been an important part of traditional feasts, particularly in Italy and Greece. As customers have become more health-conscious, the market for high-carbohydrate foods has fallen in recent years. As a result, producers are introducing new gluten-free product types in a variety of shapes and forms to meet changing consumer tastes. The availability of wheat for manufacturing such items has been considerably impacted in recent years by the rise in poor climatic conditions in key durum wheat-growing countries, resulting in an increase in the price of wheat and end products.

Competitive Landscape:

Key players operating in the Global Pasta Market include Nestle India Limited, ITC Limited, Bambino Agro Industries Limited, Del Monte Foods, MTR Foods Private Limited and others.

Segmentation of Global Pasta Market:

Parameter Details
Segments Covered
  • Type (Dry Pasta, Instant Pasta, Fresh Pasta)
  • Raw Material (Semolina, Refined Flour, Durum Wheat, Others)
  • Distribution Channel (Institutional, Convenience Stores, Hypermarket/Supermarket, E-Retailing)
  • Sauce Type (White Sauce Pasta, Red Sauce Pasta, Mix Sauce Pasta)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Nestle India Limited
  • ITC Limited
  • Bambino Agro Industries Limited
  • Del Monte Foods
  • MTR Foods Private Limited
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Pasta Market to Reach Valuation of USD 64.25 Billion by 2028 - Hectic consumer lifestyle across the globe to Drive the Market Growth
From the period 2022 to 2028, the Global Pasta Market is expected to reach USD 64.25 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 7.3%. Consumers are shifting towards easy-to-cook food items that require minimal cooking time and skills as a result of rapid urbani...
FAQ
Frequently Asked Question
  • The global Pasta valued at USD 42.1 Billion in 2020 and is expected to reach USD 64.25 Billion in 2028 growing at a CAGR of 7.3%.

  • The prominent players in the market are Nestle India Limited, ITC Limited, Bambino Agro Industries Limited, Del Monte Foods, MTR Foods Private Limited.

  • The market is project to grow at a CAGR of 7.3% between 2021 and 2028.

  • The driving factors of the Pasta include

    • Mounting Demand for Convenient Food Products to Support Market

  • Europe was the leading regional segment of the Pasta in 2020.