Global Pasta Market was worth US$ 40.95 Bn. in 2021 and total revenue is expected to grow at a rate of 8.12% CAGR from 2022 to 2027, reaching almost US$ 65.42 Bn. in 2027.
Market Overview:
The Pasta Market research assesses the market's key characteristics based on an examination of many variables including supply, demand, feasibility, and current trends. The Pasta Market research also includes projections for the years 2022 through 2027. The Pasta report estimates and forecasts potential growth in the global Pasta market at each point in time-based on statistical data and thorough research that reflects qualitative as well as quantitative values of major factors such as historical, current, and future trends. The study also discusses the dynamics that are significant for the present Pasta market as well as the worldwide market's future position. The research also includes a complete analysis of business execution, market share, and cost analysis data respectively.
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Market Scope:
All market dynamics are covered in our report. The factors positive factors, restraints, opportunities, and challenges are those points that are explained in detail in the report and all the data are collected from press releases documents, and annual reports. The research aims to suggest a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The analysis of market share and comparison of the top players mentioned in the report enables readers to take additional steps in the expansion or improvement of their organization.
Drivers:
Due to rapid development, busy lifestyles, and western influences, consumers are gravitating toward prepared dishes that need less preparation time and expertise. Because pasta is a good and healthy food, more people are eating it, especially vermicelli, fusilli, and macaroni. In order to satisfy the diverse tastes and preferences of consumers, numerous regional and international businesses are offering a wide variety of pasta in emerging and future markets. To entice customers, they are also experimenting with other ingredients, such as carrot, spinach, and herbs, and introducing new pasta varieties with organic, vegan, and gluten-free spaghetti. However, the development of the market may be at risk due to the rising popularity of low-carbohydrate foods.
Market Segmentation:
The ambient pasta, dry pasta, and chilled pasta product categories are used to categorise the worldwide pasta market based on product type. In 2020, the ambient pasta market was in first place and had a 39.15 percent market share. due to the vast variety of meals that are available in this industry that have different tastes and flavours. Accessibility and a long shelf life both contribute to the market's expansion. The industry with the fastest growth is dried pasta. These cuisines are gradually becoming more widespread in countries like India, China, and Argentina. During the projected period, this market is expected to grow at the fastest rate.
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Key Players:
• Barilla G. and R. Fratelli SpA
• Nestle SA
• F.lli De Cecco di Filippo SpA (De Cecco)
• Makfa JSC
• Durum Gida Sanayi Ve Ticaret A.S.
• General Mills, Inc.
• MXO Global, Inc. (Tolerant Organics)
• Mizkan America, Inc.
• Seggiano
• Pastificio Felicetti S.p.a
• Pastificio Lucio Garofalo S.p.A.
• Bionaturae, LLC
• Pastas Gallo Company
• General Mills, Inc.
• Grupo La Moderna
• RFM Corporation
• Delverde Industrial Alimentari S.p.a.
Regional Trends:
- North America (U.S., Canada)
- Europe (U.K., Germany, France, Italy)
- Asia Pacific (China, India, Japan, Singapore, Malaysia, South Korea )
- Latin America (Brazil, Mexico, Argentina, Chile)
- Middle East & Africa (South Africa, Egypt, and Saudi Arabia)
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COVID-19 Impact on Pasta Market:
Our team is wing oorkn the COVID 19 impact on various industry verticals and provide authenticate data to the client this data is helpful for understanding the market situation. To understand the influence and factors of the COVID 19 on the global Pasta market with our expert monitoring which explains all the impacting factors and COVID impact on each key player are explained in the report.
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