Pasta Market Size, Share, Top Key Players Updates, Sales Revenue, Production, Future Demand, Business Prospects and Industry Research Report by Forecast to 2023

“Pasta Market Size”
Global Pasta Market Information- by Main Ingredients (Wheat, Rice, Maize, Chickpea and others), Functionality (Organic, Gluten-Free and Vegan), Distribution Channel (Non-Store Based and Store Based), Form (Dried and Fresh), Type (Spaghetti, Penne, Fettuccine and others) and Region – Forecast to 2023

Market Overview:

The emerging market opportunities for pasta appear to be conducive for the acceptance of convenience food in Middle East and Latin America. It is principally useful in the challenging environments, where resources are insufficient and cultivation is tough; hence demand for processed in region especially where water resource is also scarce.

The emerging market opportunities for pasta appear to be conducive for the acceptance of convenience food in Middle East and Latin America. It is principally useful in the challenging environments, where resources are insufficient and cultivation is tough; hence demand for processed in region especially where water resource is also scarce. Pasta are low priced processed food product, hence pasta are supplied to the areas which are hit by natural calamities such as floods, earthquake, volcano eruption and others. Pasta becomes a filler meal in such situation. With changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of Pasta began in Asian countries and it spread to other regions rapidly. Looking at the economic development at global level and specifically for BRIC countries, the increasing purchasing power of consumers, convenience trends are likely to remain significant. The increasing consumption of pasta is driven by this desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and spend more time doing the things they value more.

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Looking at the economic development at global level and specifically for BRIC countries, the increasing purchasing power of consumers, convenience trends are likely to remain significant. The increasing consumption of Pasta is driven by this desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and spend more time doing the things they value more. Consumers look for convenience food as they are easily available, and possess nutritional value due to fortification, variety and product appeal. Due to changing lifestyles, consumers are spending less time planning and cooking meals at home as they consider preparing food at home as a chore and is time and energy consuming. The pasta is considered convenient as there is no need to put in efforts in cooking & chopping vegetables, this factor will support the growth of this market.

Latest Industry Updates:

May 2017 Nestle SA has launched its new flavored Maggi in India. The company is highly inclined towards innovation in the noodle portfolio to offer its consumers an opportunity to taste various popular Indian cuisines and flavors via their favorite MAGGI pastas.

May 2016 Maruchan Ajinomoto India Pvt. Ltd. has undergone joint venture with Toyo Suisan Kaish and launched two new products under the brand A&M.

April 2016 Germany’s Frosta Foods has signed an agreement with Nestle’s Italian brands in order to continue development and promotion of the brands.

Competitive Analysis:

The pasta market is competitive with major market players operating at the global level. The key industry players in the pasta market have adopted the strategies such as joint venture, collaboration, agreement and partnership. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.

The key players profiled in the global pasta market report are Nestle SA (Switzerland), Ajinomoto Co., Inc. (Japan), The Unilever Group (U.K), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Japan), Capital Foods Limited (India), and ITC Limited (India) among many others.

Market Segments:

The global pasta market has been divided into main ingredients, functionality, distribution channel, type and region.

On The Basis Of Ingredients: Wheat, Rice, Maize, Chickpea, and others

On The Basis Of Claim: Organic, Gluten-Free, Vegan, and Others

On The Basis Of Distribution Channel: Non-Store Based, and Store Based

On The Basis Of Type: Spaghetti, Penne, Fettuccine, and Others

 On The Basis Of Region: North America, Europe, Asia Pacific, and ROW.

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Regional Analysis:

The pasta market is segmented into Europe, North America, APAC, and Rest of the World. Among all the regions, the European pasta market is anticipated to be dominating followed by the North America. Increasing consumption of convenience products such as pasta in the Western European region is likely to uplift the market growth in this region. Additionally, increasing efforts by the manufacturers in order to provide new recipes and packaging will boost the market growth.

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