The new report by Expert Market Research titled, ‘Global Pasta Market Size, Share, Industry, Growth Report and Forecast 2020-2025’, gives an in-depth analysis of the 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.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): USD 13.8 billion
2. Forecast CAGR (2020-2025): 2.5%
3. Forecast Market Size (2025): USD 13.8 billion
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The global pasta market is being driven by the growing per capita incomes of the consumers and the rising globalisation of cuisines across the globe. The market is also being aided by the increasingly busy lifestyles of the consumers who are seeking convenient and easy-to-prepare food products. The rising awareness of the nutritional content of pasta like carbohydrates and folic acid is also supporting the market growth. The product’s low sodium and cholesterol content is also contributing to the growth of the market globally, especially as consumers are increasingly seeking out healthier products due to the rising occurrences of lifestyle diseases such as obesity and hypertension. The integration of pasta with local ingredients and flavours is expected to aid the market in the coming years further.
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Industry Definition and Major Segments
Pasta is an Italian food product, which is usually made from grain flour doughs like wheat that is mixed with water or egg. The dough is cut into thin sheets or made into various other shapes, with their own distinctive names. The product, which is rich in carbohydrates, can be boiled, fried, or served cold as a part of a salad.
By type, the global pasta market can be segmented into:
1. Dried Pasta
2. Chilled/Fresh Pasta
3. Canned/Preserved Pasta
Based on raw material, the industry is divided into:
1. Durum Wheat Semolina
The leading distribution channels of pasta in the global market are:
2. Convenience Stores
3. Specialty Stores
The major regions for pasta in the market are:
1. North America
3. Asia Pacific
4. Latin America
5. Middle East and Africa
Europe is expected to account for the largest market share in the pasta industry.
Recently, the consumption and sales of pasta saw a significant hike in the beginning of 2020 due to the COVID-19 lockdown connected panic buying, especially in the western countries. This factor has significantly contributed to the market growth. In the coming years, the market is expected to be driven by the rising diversification in flavours and makeup of pasta. The introduction of gluten-free, vegan, and organic pastas is projected to be a major trend guiding the growth of the market, especially as consumers become increasingly eco-conscious. The innovations in production methods like 3D printed pasta varieties might also influence the market positively.
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., 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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