According to IMARC Group’s latest report, titled “Pasta Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the pasta market share.
The global pasta market size reached US$ 22.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 25.8 Billion by 2028, exhibiting a growth rate (CAGR) of 1.5% during 2023-2028. Pasta is traditionally made from an unleavened dough of wheat flour mixed with eggs and water and formed into sheets, then cooked by baking or boiling. It is a classic food of Italian cuisine that is widely served with meat, soup, sauce, and vegetables. Spaghetti, tagliolini, fusilli, capellini, bucatini, and macaroni are some of the commonly available product variants. It is an excellent source of fiber, protein, and carbohydrates with low sodium and cholesterol contents, which is why it is widely preferred by health-consciousness consumers. Currently, pasta is sold in dried, canned, and fresh types.
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Global Pasta Market Trends:
The easy product availability through offline and online organized distribution channels represents one of the key factors providing a significant boost to the market growth. The changing lifestyle and rising working populace have considerably facilitated the demand for convenience food products, such as pasta, which is creating a positive outlook for the market. In line with this, the key players are investing heavily in advanced technology to introduce gluten-free and vegan pasta variants to increase their consumer base, which is boosting the market growth. Furthermore, the rapid expansion of Italian restaurants and food joints and surging consumer per capita income are accelerating the market growth. Other factors, such as the rising popularity of international cuisines, are positively contributing to the market growth.
Pasta Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global pasta market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Barilla Holding
- Grupo Ebro Puleva
- De Cecco
Key Market Segmentation:
The report has segmented the global pasta market on the basis of product type, raw material, distribution channel and region.
Breakup by Product Type:
- Dried Pasta
- Chilled/Fresh Pasta
- Canned/Preserved Pasta
Breakup by Raw Material:
- Durum Wheat Semolina
Breakup by Distribution Channel:
- Independent Small Groceries
- Online Stores
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, Others)
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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