Global Gnocchi Market to Grow at a CAGR of 4.50% in the Forecast Period of 2022-2027, Aided by Growing Demand for Convenience Food Items

The global gnocchi market is expanding due to an increase in demand for ready-to-eat and frozen meals. The processed food business is being spurred by a higher need for convenience as customers' lifestyle is changing. The growing popularity of various cuisines in various countries is assisting in the global market expansion of gnocchi. The increased demand for pasta and other Italian cuisines, particularly among young people, is fuelling the market's expansion. In the global gnocchi sector, several companies' development policies are developing new competitive norms. Every Italian region has its own gnocchi type, and its own sauce or serving manner, all of which contribute to the market's growth. As fresh or frozen gnocchi becomes more commonly available in grocery stores and supermarkets, global demand for gnocchi is expected to climb. Gnocchi is a popular meal among people, particularly women, due to its low cost and ease of preparation.

Due to the growing demand for gnocchi around the world, several companies are expanding their product lines. With the acquisition of a majority stake in Pasta Evangelists, a UK-based specialist in D2C fresh, high-quality pasta and sauces, Barilla, the Italian family-owned food company, entered the fresh pasta market and consolidated its role as a global pasta leader and presence in the United Kingdom on January 14, 2021. This acquisition marks a new phase in Barilla's international expansion, particularly in the United Kingdom, and its willingness to invest in new marketing and sales strategies, with digital as the primary platform for communicating with customers.

Market Analysis by Product, End Use, Distribution Channel, and Regions:

• Based on product, the market is divided into traditional, bio, gluten free, and vegan, among others.
• The end-use of the market includes mass market retail and HoReCa.
• The various distribution channels are supermarket and hypermarket, convenience store, and online, among others.
• The regional markets for gnocchi include North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa.

Key Findings of the Report:

• The rapid increase in young population is expected to augment the market growth as there is a higher demand for multi-cuisines among the youth.
• The increasing disposable income of consumers is driving the market growth of gnocchi.
• The high rate of globalisation is further fuelling the growth of the market globally.
• The booming demand for Italian cuisine across the globe due to globalisation is also likely to aid the market growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global gnocchi market for the periods (2017-2021) and (2022-2027).
• The report also offers the historical (2017-2021) and forecasted (2022-2027) markets for product, end use, distribution channel, and major regions of gnocchi.
• It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global gnocchi industry are George DeLallo Company, Inc., Tutti Pasta, Barilla G. e R. F.lli S.p.A., F.lli De Cecco di Filippo Fara San Martino S.p.A., Pastificio Lucio Garofalo S.p.A., and Rummo S.p.A., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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