ReportOverview:
The global pasta marketsize was valued at USD 68.35 billion in 2023 and is projected to grow from USD
71.42 billion in 2024 to USD 100.24 billion by 2032, exhibiting a CAGR of 5.47%
during the forecast period of 2024-2032.
Pasta is alargely consumed, easy-to-make, and an affordable food product. The increasing
and regular evolution of pasta propels the pasta market growth during the
forecast period. The rising demand for instant food products, such as pasta and
Western food culture adoption, is driving the market growth during the forecast
period.
FortuneBusiness Insights™ mentionedthis in a report titled “Pasta Market, 2024-2032.”
List ofKey Players Present in the Report:
- Barilla G. e R. F.lli S.p.A. (Italy)
- Ebro Foods, S.A. (Spain)
- CAMPBELL SOUP COMPANY (U.S.)
- TreeHouse Foods, Inc. (U.S.)
- Unilever (U.K.)
- The Kraft Heinz Company (U.S.)
- BORGES INTERNATIONAL GROUP (Spain)
- Nestlé (Switzerland)
- F.lli De Cecco di Filippo S.p.A (Italy)
- Armanino Foods of Distinction (U.S.)
ReportCoverage:
Theresearch report provides a detailed market analysis and focuses on key aspects
such as competitive landscape, product types, raw material, and distribution
channel. Besides this, it offers insights into market trends and highlights key
industry developments. In addition to the abovementioned factors, the report
encompasses several factors contributing to the market's growth in recent
years.
Segments:
RisingDried Products Consumption to Propel Segment Growth
By producttype, the market is segmented into dried, chilled, and canned. The dried
segment is expected to dominate the market during the forecast period. The
segment's growth is attributed to increasing consumption of dried products
globally. The shelf life of dried products is also more than chilled and canned
products.
RisingNeed for Wheat Products to Boost Segment Growth
Based onraw material, the market is classified into wheat and gluten-free. The wheat
segment is estimated to dominate the market during the forecast period due to
the increasing need for wheat products globally. The availability of products
in different shapes and sizes also drives segment growth during the forecast
period.
GrowingAccessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets
Bydistribution channel, the market is divided into supermarkets/hypermarkets,
convenience stores, online stores, and others. The supermarkets/hypermarkets
will dominate the market during the forecast period owing to increasing
availability and convenience of choosing the products from various options.
Geographically,the market is studied across North America, Europe, Asia Pacific, South
America, the Middle East & Africa.
Drivers& Restraints:
RisingConsumer Interest toward Western Cuisine to Propel Market Growth
The pastamarket is estimated to grow during the forecast period due to consumers' rising
interest in Western cuisine in Asian countries. The rapid increase in cooking
various and artistic recipes will boost significant growth post-pandemic.
During the pandemic, the rising consumption in countries, including France,
Germany, the U.S., and Italy, propelled the market growth.
MarketTrends and Innovations:
The pasta market is constantly evolving, with manufacturers introducingnew flavors, shapes, and ingredients to cater to changing consumer preferences.
From artisanal pasta made with ancient grains to innovative plant-based
options, there is a pasta variety for every palate. In addition, the rise of
online shopping has made it easier than ever to access a wide range of pasta
products from around the world.
RegionalInsights:
GrowingDemand for Product to Boost Market Growth in Europe
Europe isestimated to hold the largest pasta market share during the forecast period.
The growth is attributed to the increasing product demand in the region. Europe
will also be the dominating region due to the launch of new varieties of
gluten-free products in various shapes and forms.
AsiaPacific is expected to have the fastest growth rate during the forecast period
due to the rising adoption of Western diets in the region.
CompetitiveLandscape:
RisingNew Product Launches to Aid Market Growth
The markethas several players, including Ebro Foods, S.A., Barilla G.e.R.F.lli S.p.A.,
and Campbell Soup Company. These major market players are adopting strategies
to launch new products to maintain their market position. The companies are
manufacturing products that are gluten-free to attract health-conscious
consumers.
TheFuture Outlook of the Pasta Market: Trends & Growth
The pasta market has long been a staple of culinary tradition across theglobe, but what does the future hold for this beloved food? As we venture into
2024 and beyond, several trends and innovations are shaping the future of the
pasta industry. In this blog post, we will explore the key factors influencing
the pasta market's growth, the rise of alternative pasta products, and how
consumer preferences are evolving.
CurrentState of the Pasta Market
In recent years, the global pasta market has experienced a significantboom. Valued at approximately USD 73 billion in 2022, it is projected to grow
at a CAGR of around 3.5% from 2023 to 2030. The rise in demand for convenient,
ready-to-eat meals, the increasing popularity of Italian cuisine, and the
growing health-conscious consumer base are all contributing to this growth.
KeyFactors Influencing Growth
- Health Trends: As consumers become more health-conscious, there is a growing demand for
whole grain, gluten-free, and high-protein pasta options. Brands are
innovating to create healthier versions of traditional pasta, tapping into
the wellness trend.
- Convenience: The fast-paced lifestyle of modern consumers has led to a surge in demand for
convenient meal solutions. Pasta fits perfectly into this niche, with
products like microwaveable pasta cups and pre-cooked pasta gaining
popularity.
- Sustainability: With an increasing focus on sustainability, many pasta manufacturers are
exploring eco-friendly packaging and sourcing ingredients from sustainable
farms. This shift not only appeals to environmentally conscious consumers
but also sets brands apart in a competitive market.
NotableIndustry Development:
- February 2023 – Nuovo Pasta Production, one of the leading artisan pasta companies, announced
the launch of its new plant-based product range, including a ravioli
collection and fresh organic pasta products, at the Natural Products Expo
West 2023.
