Global Pasta Market Research Report- Forecast to 2025
Published | June 2019
According to Blueweave Consulting, the Global Pasta Market is estimated to grow at a CAGR of X.XX% and projected to reach USD XX.XX Billion by 2025 Pasta is one of the staple dishes made from a wide array of raw material like flour, durum, wheat, etc. Increasing demand for convenience foods and ever-increasing consumption of cross-region cuisines is driving the positive growth of the pasta market.
Pasta market is segmented on the basis major ingredients, functionality, distribution channel, form, and type. On the basis of major ingredients, pasta market is segmented into wheat, rice, maize, chickpea, and others. Wheat based pasta is evaluated to dominate the market during the forecast period and is identified to hold a share of more than 35% during the same period.
The growing importance of health and wellness pasta is gaining traction in the market. Pasta is known to lessen the risk of high blood pressure and cardiovascular diseases as it contains low-sodium and cholesterol content. Properties such as high nutritional value and rich carbohydrate content have led to an upsurge in the consumption of pasta among the health-conscious consumers.
On the basis of functionality, the market is segmented into organic, gluten-free, and vegan pasta. Among these, organic pasta is the dominating segment throughout the forecast period and projected to have an annual growth rate of more than XX%.
Based on the form, the pasta market is bifurcated into dried and fresh. Dried pasta is anticipated to lead the market and is gauged to grow at a CAGR of X.XX% by 2025.
On the basis of distribution channel, the market is categorized as store based and non-store based channels.
Store based retail of pasta is projected to dominate the market during the forecast period 2019-2025
Based on the type, pasta is segmented into spaghetti, penne, fettuccine and others. In 2018, Spaghetti holds the largest market share of more than XX% and estimated to maintain its dominance over the forecast period.
Nestlé SA (Switzerland), Ajinomoto Co., Inc. (Japan), The Unilever Group (Knorr) (U.K.), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India) are the key manufacturer of the pasta market across the globe.
Geographically, the global pasta market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe region is the leading region of the global pasta market with a CAGR of X.XX% and projected to lead the overall industry during the forecast period. The Asia Pacific id anticipated to be the fastest growing region throughout the forecasted period, and estimated to grow at a CAGR of X.XX %. The great consumption of processed and convenience food products in emerging economies of Asia-Pacific and Latin America coupled with increasing demand for ready to eat food products especially in China and India will support the market growth during the review period.
· Pasta manufacturers
· Raw material suppliers
· End users (food industry)
· Retailers and wholesalers
· E-commerce companies
· Traders, importers and exporters
· Store based segment is expected to account the maximum market share throughout the forecast period of 2019-2025.
· The spaghetti segment is anticipated to touch the higher growth rate X.XX% over the forecast period.
· Europe holds the lion’s share of the overall pasta market, and likely to grow at CAGR of X.XX%
Regional and Country Analysis of Pasta Market Development and Demand Forecast to 2025 Market
The reports also cover country level analysis:
· Rest of Europe
Asia – Pacific
· Saudi Arabia
· Rest of MEA
· Rest of Latin America