Pasta Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors Of Pasta MarketThe global pasta market size was valued at USD 68.35 billion in 2023 and is projected to grow from USD 71.42 billion in 2024 to USD 100.24 billion by 2032, exhibiting a CAGR of 5.47% during the forecast period of 2024-2032.
Pasta is ready-to-eat and an affordable food product that is widely consumed by the major population, globally. The manufacturers of pasta market are consistently producing new flavors and tastemakers due to high demand of raw material availability.
The COVID-19 pandemic created a positive impact on the Food & Beverages industry. Therefore a huge demand was seen in the Pasta market growth as pandemic had various effects on food production. Lockdowns and factory closures in the early stages disrupted production, while demand for certain items like linguini, fettuccini, and spaghetti surged as people stocked up on long-lasting food. To meet this demand, companies worked to maintain distribution channels and keep stocks replenished. However, increased wheat prices led to higher production costs for pasta, impacting market growth moderately despite the heightened demand.
Additionally, the urban lifestyle is major factor in the rise of the pasta market due to peoples inclination of ready-to-cook food products has risen as they consume less cooking time. The urban lifestyle shows majority of the working individuals turning towardsconvenient cooking techniques with less time consumption has increased significantly over the years.
The major number of people turning to Vegan has risen the adoption ofVegan or Vegetarian Diet due to influence and awareness towards health, lifestyle and environment. There is also a trend of people turning to plant based meat diet due to increased awareness of various diseases like celiac disease and other dietary problems among many individuals resulting into a notable surge in the Pasta Market share globally.
Comprehensive Analysis Of Pasta Market
The Food & Beverages industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the pasta market industry. These segmentations are methodically segregated by product type, By Raw Material and by Distribution Channel. The By Product typeinclude Dried, Chilled, and Canned. The by Raw Material include Wheat and Gluten-free. The Distribution Channel include Supermarkets/Hypermarkets, Convenience Stores, Online Stores, and Others.
The region of Europe lead the Pasta Market by benefitting a market size of USD 20.19 Billion in 2023 due to the urban population of Asian countries cooking the westernized cuisine style of cookingas they are more convenient to cook, consumes less time as well as people’s inclination towards cooking artistic recipes post pandemic.
The top players in the market play a crucial role in the food and beverage industry assuring industrial prospectus, growth and setting market standards. These players include, Barilla G. e R. F.lli S.p.A. (Italy) Ebro Foods, S.A. (Spain) CAMPBELL SOUP COMPANY (U.S.) TreeHouse Foods, Inc. (U.S.) Unilever (U.K.) The Kraft Heinz Company (U.S.) BORGES INTERNATIONAL GROUP (Spain) Nestlé (Switzerland) F.lli De Cecco di Filippo S.p.A (Italy) Armanino Foods of Distinction (U.S.) these market players provide a level-playing competitive landscape.
In February 2023, A leading artisan pasta company, Nuovo Pasta Production, launched a plant based product range of organic and fresh products of ravioli collection at the Natural Products Expo West 2023.
Segmentation Table
Attribute Details
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 5.47% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
Dried
Chilled
Canned
By Raw Material
Wheat
Gluten-free
By Distribution Channel
Supermarkets/Hypermarkets
Convenience Stores
Online Stores
Others
By Geography
North America (By Product Type, Distribution Channel, Raw Material, and Country)
-U.S. (By Product Type)
-Canada (By Product Type)
-Mexico (By Product Type)
Europe (By Type, Distribution Channel, Raw Material, and Country)
-U.K. (By Product Type)
-France (By Product Type)
-Germany (By Product Type)
-Italy (By Product Type)
-Rest of Europe (By Product Type)
Asia Pacific (By Type, Distribution Channel, Raw Material, and Country)
-China (By Product Type)
-India (By Product Type)
-Japan (By Product Type)
-Australia (By Product Type)
-Rest of Asia Pacific (By Product Type)
South America (By Type, Distribution Channel, Raw Material, and Country)
-Brazil (By Product Type)
-Argentina (By Product Type)
-Rest of South America (By Product Type)
Middle East and Africa (By Type, Distribution Channel, Raw Material, and Country)
-South Africa (By Product Type)
-Turkey (By Product Type)
-Rest of the Middle East & Africa (By Product Type)