Global Pasta Market Size By Type (Dry Pasta, Instant Pasta), By Raw Materials (Semolina, Refined Flour), By Distribution Channel (Institutional, Convenience Stores), By Cuisines (White Sauce Pasta, Red Sauce Pasta), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Pasta Market Size And Forecast

Pasta Market size was valued at USD 14.1 Billion in 2022 and is projected to reach USD 17.7 Billion by 2030, growing at a CAGR of 3.32% from 2023 to 2030.

Pasta? It's basically made from simple stuff like flour or eggs, and water. Then, it gets shaped into all sorts of fun things! We eat it in tons of dishes, especially in Italian food. You know, like penne, noodles, spaghetti, fettuccine, and even good old macaroni. Nowadays, folks are really trying to eat healthier, and the fact that pasta can be good for you and comes in so many forms is making it super popular worldwide. Plus, life's crazy busy, especially in cities, so people want food that's easy and quick. They want stuff packed with nutrition, too! Since pasta's so easy to find and simple to make (even on a large scale!), it looks like the Pasta Market is only going to keep growing.

Global Pasta Market Definition

Pasta, that delicious dish we all know and love, comes from Italy and has become a worldwide favorite! It's usually made with a simple dough of durum wheat flour, eggs, and water. But to catch your eye, you'll find it in all sorts of shapes! Big and small companies are trying out new things, mixing in ingredients like chickpea flour, rice flour, or even carrot, tomato, beet, or spinach juice. They also add herbs and spices to really kick up the flavor and give it a fun new color. You can find pasta in lots of forms, like spaghetti, macaroni, and noodles. Spaghetti is often made with just eggs and flour, while macaroni is usually made with finely ground semolina flour and water, and sometimes without eggs at all.

Fresh pasta? Delicious, but because it doesn't last as long, it hits your wallet harder than the dried stuff. And speaking of dried pasta, it's the real king when it comes to global pasta sales! Now, pasta isn't just tasty; it's also known as a healthy choice, especially in places like Latin America and around the Mediterranean. It's a family favorite – a quick, yummy meal that's also a key functional food. Think of it as a powerhouse of nutrients with some surprising health benefits. Good news! Research even shows that people in the Mediterranean region who eat pasta don't suffer any health drawbacks from it, and it doesn't seem to contribute to obesity either!

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Global Pasta Market Overview

Americans are eating more pasta, and surprisingly, we're not seeing any rise in obesity because of it! This is expected to help the pasta market grow. Plus, properly cooked pasta can have a low glycaemic index, making it a satisfying part of a healthy diet.

And get thiswhen you eat pasta with tomato sauce, you're getting a big dose of dietary lycopene! That’s good news, and it should also boost the market. Even better, studies suggest that eating pasta with foods rich in phytochemicals might actually reduce your risk of heart disease, diabetes, obesity, and even cancer. That's something to smile about!

In addition to this, pasta also helps in lowering chronic degenerative ailments and enhances the nutrient quality of the nourishment. All these aforementioned factors are expected to boost the pasta industry over the upcoming years. Additionally, as the coronavirus disease (COVID-19) crisis passes the globe, we are constantly monitoring changes in the markets as well as consumer purchasing patterns around the world, and predictions about the most recent market trends and forecasts are made after taking the impact of this pestilence into account for the upcoming years.

Global Pasta Market Segmentation Analysis

The Global Pasta Market is Segmented on the basis of Type, Raw Materials, Distribution Channel, Cuisines, And Geography.

Pasta Market, By Type

  • Dry Pasta
  • Instant Pasta
  • Fresh Pasta

Based on Type, the market is segmented as Dry Pasta, Instant Pasta, and Fresh Pasta. Currently, dry pasta dominates the Indian Pasta Market, holding the majority of the market stake. The dried form is consumed more than instant and fresh pasta. Moreover, instant and fresh pasta has a shorter shelf life as compared to Dried pasta and thus, it is tough to keep these product types for an extended period. Furthermore, dried pasta absorbs ingredients and sauces better than other forms, making them a good choice for a variety of recipes.

Pasta Market, By Raw Materials

  • Semolina
  • Refined Flour
  • Durum Wheat
  • Others

Based on Raw Materials, the market is segmented into Semolina, Refined Flour, Durum Wheat, and Others. Semolina has the largest segment, followed by refined flour and the market for durum wheat. This can be attributed to semolina’s high gluten content, which aids in keeping pasta stable and preserving its shape over time.

Pasta Market, By Distribution Channel

  • Institutional
  • Convenience Stores
  • Hypermarket/Supermarket
  • E-Retailing

Based on Distribution Channel, the market is segmented into Institutional, Convenience Stores, Supermarkets/Hypermarkets, and E- Retail markets. The supermarket/ hypermarket segment is anticipated to hold the largest revenue share because consumers have the option of choosing items through proper inspection of nutritional content and marking an informed selection. Supermarkets provide better accessibility and connivance of choosing products from a large variety of selections.

Pasta Market, By Cuisines

  • White Sauce Pasta
  • Red Sauce Pasta
  • Mix Sauce Pasta

Based on Cuisines, the market is segmented into White Sauce Pasta, Red Sauce Pasta, and Mix Sauce Pasta. Based on Cuisines, white sauce pasta represents the largest segment of the market, followed by White Sauce Pasta, Red Sauce Pasta, and Mix Sauce. White sauce pasta’s creamy flavor may thrill taste senses. White sauce pasta is cooked using milk, flour, butter, and cheese to form a creamy and delicious sauce.

Pasta Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

When we look at the world, or, you know, Geography, the Pasta Market breaks down into North America, Europe, Asia Pacific, and everywhere else. Europe's looking like it'll really be the place to watch for Pasta over the next few years! They already had a big chunk of the market back in 2019. And hey, let's not forget Italy – they're a major player in getting Pasta out to the rest of us. Expect to see some serious growth there. After all, Pasta is practically a staple food in Europe. Plus, with more people and more money to spend, things are only looking up for the Pasta Market!

Key Players

The competitive landscape of the market has also been examined with some of the key players being Nestlé, ITC, Bambino, MTR, Del Monte, and others. Two million spaghetti packages and one million macaroni packets are sold each year in America and making it the preferred pasta for Australians talking about the Indian Pasta Market covering a huge acceptance.

Okay, so Conagra is making some big changes at the supermarket! They're practically giving away their pasta – just a buck a pack! They're also dropping prices on 70 other things we buy all the time. Think sliced cheese, diced fruit, tuna, and even pikelets – all part of their new "discount meal essentials" line. Some items are getting their prices cut by almost a third! Apparently, this is all part of their long-term value plan. Why all the changes? Well, they did some research and found out the average Aussie family buys over 110 packets of pasta every year. Plus, get thisthey sell around two million packs of spaghetti and one million packs of macaroni annually. Seems like we Aussies really love our pasta!

Barilla has attained a majority stake in London-based recipe box company Pasta Evangelists in the market. Pasta Evangelists also sell into retail via Amazon, Ocado, and Marks & Spencer and has a physical franchise in the Harrods Food Hall, Pasta Evangelists will continue to operate as a stand-alone entity. The investment will assist Pasta Evangelists to the next level in the market, counting internationalization and scaling up manufacturing.

The renowned players in the Global Pasta Market are General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Quinoa Corporation (U.S.), Ebro Foods, S.A. (U.K.), Unilever (U.K.), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc. (Japan), Del Monte Foods, Inc. (U.S.), Thai President Foods Public Company Limited (Thailand), Barilla G. e R. F.lliS.p.A. (Italy), ITC, Bambino, MTR, Del Monte.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In August 2019, General Mills Inc. launched its latest line of Annie’s One Pot Pasta, an organic pasta with hidden veggies and no artificial flavors. This launch is projected to attract a large customer base.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2019-2030

BASE YEAR

2022

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2019-2021

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

General Mills, Inc. (U.S.), Conagra Brands, Inc. (U.S.), Quinoa Corporation (U.S.), Ebro Foods, S.A. (U.K.), Unilever (U.K.), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc. (Japan)

SEGMENTS COVERED

By Type, By Raw Materials, By Distribution Channel, By Cuisines, And By Geography.

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