Global Pasta Market is Expected to Grow at a CAGR of 3.34% in the Forecast Period of 2024-2032.

The global pasta market is majorly being driven by its rising popularity throughout the world. The pasta industry is one of the leading industries in North America and Europe. The major driving factors for the demand of pasta in the regions comprise of technical developments in the manufacturing process as well as quality developments. Europe, comprising Italy, is a major market area because pasta is unique to their culture, leading to the highest per capita intake of pasta. The demand for convenience foods, particularly in China, Japan, and India, is projected to propel the pasta market in the Asia Pacific region because of the increasing revenue, rapid urbanisation, and increased popularity of the product.

The rising demand for organic, gluten-free, and vegan variants of pasta is expected to drive the market growth in the coming years. In February 2021, Barilla Holding, one of the key players in the industry, shifted to plant-based ingredients instead of egg whites in its pasta production. This will significantly impact their sales and would help them garner more consumers, along with impacting the overall market positively.

Moreover, the market for dry pasta is witnessing a tremendous boost ever since the outbreak of coronavirus or COVID-19 throughout the globe. The pandemic has led to lockdowns, which has led to consumers buying higher quantities of food, including pasta, which is being highly demanded by the consumers due to its convenience of cooking. Grocery stores and hyperstores like Walmart Inc (NYSE: WMT), as well as online platforms like Amazon (NASDAQ: AMZN), sold a huge quantity of pasta, owing to the increased demand in the past few months. This development has impacted the market positively.

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Market Analysis by Type, Raw Material, Distribution Channel, and Region:

• The market on the basis of type can be divided into dried pasta, chilled/fresh pasta, canned/preserved pasta, and others.
• On the basis of raw material, the industry can be divided into durum wheat semolina, wheat, mix, barley, rice, and maize, among others.
• The distribution channels for pasta include supermarkets/hypermarkets, convenience stores, specialty stores, and online/e-retailing, among others.
• The regional markets for pasta include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The health benefits of pasta like reducing the risk of high blood pressure and cardiovascular diseases as it has low-sodium and cholesterol content are driving the growth of the market.
• The growing popularity of restaurants and cafes is also boosting the development of the global pasta market.
• Pasta’s high nutritional value and rich carbohydrate content have also led to a rise in the consumption of pasta among health-conscious consumers.
• Western influences have significantly driven the growth of the pasta market, especially in emerging economies.
• The rising competition between the key players is also propelling the growth of the market.

Key Offerings of the Report:

• The EMR report gives an overview of the global pasta market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, raw materials, distribution channels, and regions of pasta.
• It assesses the regional price trends for the (2018-2023) and (2024-2032) periods.
• The market report also analyses the trade data by covering the major importing and exporting countries. 

The major players in the global pasta market are Barilla G. and R. Fratelli SpA, Nestle SA, F.lli De Cecco di Filippo Fara San Martino S.p.A., JSC Makfa, AGT Food and Ingredients Inc., General Mills, Inc., 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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