Pasta Market Share, Global Industry Demand, Revenue, Regional Insights and Forecast by 2030 The global pasta market size was USD 66.36 billion in 2022. The market is projected to grow from USD 68.35 billion in 2023 to USD 99.24 billion by 2030, exhibiting a CAGR of 5.47% during the forecast period 2023-2030. Pasta is a largely consumed, easy-to-make, and an affordable food product. The increasing and regular evolution of pasta propels the pasta market growth during the forecast period. The rising demand for instant food products, such as pasta and Western food culture adoption, is driving the market growth during the forecast period. Segments- Rising Dried Products Consumption to Propel Segment Growth By product type, the market is segmented into dried, chilled, and canned. The dried segment is expected to dominate the market during the forecast period. The segment's growth is attributed to increasing consumption of dried products globally. The shelf life of dried products is also more than chilled and canned products. Rising Need for Wheat Products to Boost Segment Growth Based on raw material, the market is classified into wheat and gluten-free. The wheat segment is estimated to dominate the market during the forecast period due to the increasing need for wheat products globally. The availability of products in different shapes and sizes also drives segment growth during the forecast period. Growing Accessibility of Products to Drive Segment Growth for Supermarkets/Hypermarkets By distribution channel, the market is divided into supermarkets/hypermarkets, convenience stores, online stores, and others. The supermarkets/hypermarkets will dominate the market during the forecast period owing to increasing availability and convenience of choosing the products from various options. Geographically, the market is studied across North America, Europe, Asia Pacific, South America, the Middle East & Africa. Drivers & Restraints- Rising Consumer Interest toward Western Cuisine to Propel Market Growth The pasta market is estimated to grow during the forecast period due to consumers' rising interest in Western cuisine in Asian countries. The rapid increase in cooking various and artistic recipes will boost significant growth post-pandemic. During the pandemic, the rising consumption in countries, including France, Germany, the U.S., and Italy, propelled the market growth. Regional Insights- Growing Demand for Product to Boost Market Growth in Europe Europe is estimated to hold the largest pasta market share during the forecast period. The growth is attributed to the increasing product demand in the region. Europe will also be the dominating region due to the launch of new varieties of gluten-free products in various shapes and forms. Asia Pacific is expected to have the fastest growth rate during the forecast period due to the rising adoption of Western diets in the region. Competitive Landscape- Rising New Product Launches to Aid Market Growth The market has several players, including Ebro Foods, S.A., Barilla G.e.R.F.lli S.p.A., and Campbell Soup Company. These major market players are adopting strategies to launch new products to maintain their market position. The companies are manufacturing products that are gluten-free to attract health-conscious consumers. Notable Industry Development September 2021 – Barilla, an Italy-based pasta producer, expands its gluten-free product line made from chickpea flour. List of Key Players Present in the Report: 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.) Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

Pasta Market Companies Profile, Competitive Landscape And Key Regions Forecast by 2023-2029 The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Fortune Business Insights™ has deep-dived into these insights in its latest research report titled, “Pasta Market, 2022-2029.” According to the study, pasta products will be sought-after across advanced and emerging economies, partly due to the trend for the Western diet. Moreover, soaring penetration of ready-to-cook food products has boosted the industry's growth. However, mixed impact from the COVID-19 pandemic compelled stakeholders to redefine their strategies. Major Players Profiled in the Pasta Report: 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.) Drivers and Restraints Rising Footfall of Convenient Food to Underpin Industry Growth Industry participants expect the trend for ready-to-eat food products to boost the pasta market growth during the forecast period. The Unione Italiana Food and ICE Agency claims that the product consumption surged in Germany, Italy, the U.S., and France during lockdown. Strong consumption of the product amidst the pandemic will foster the business outlook. Notably, the dish has become an invaluable part of diet globally. According to Oxfam, it is regarded as the favorite dish in the world. Current trends suggest leading companies will continue to inject funds into the market landscape. However, low wheat production along with aversion toward high-calorie food could bring a notable shift in the industry. A notable surge in health-conscious consumers will compel industry players to rethink their strategies. Regional Insights Europe to Offer Promising Opportunities with Growing Footfall of Gluten-free Dish A palpable surge in millennials and the Gen Z population across the U.K., France, and Italy has brought a paradigm shift in the product manufacturing. Prominently, manufacturers have upped investments in gluten-free products. The market in Europe was valued at USD 18.35 billion in 2021 and will witness a similar trend owing to the demand for chilled products. The Asia Pacific pasta market share will observe an appreciable gain during the forecast period due to the presence of leading companies across China, Japan, Australia, and India. A gradual rise in purchasing power in emerging economies could aid the regional growth. The demand for traditional recipes and methods for cooking the product will be noticeable in the ensuing period. Industry participants are poised to inject funds into the North America industry following the penetration of online channels and convenience stores. Health-conscious consumers are likely to encourage manufacturers to streamline the supply chain process. Industry participants expect chilled and dried products to gain traction across the U.S. and Canada. Competitive Landscape Industry Players to Invest in Product Launches to Grow their Portfolio Well-established players and emerging companies are predicted to focus on mergers & acquisitions, product launches, technological advancements, and R&D activities. Current trends indicate leading companies are slated to focus on geographical expansion during the forecast period. Key Industry Developments August 2021: Pasta Plant announced its plans to roll out new gluten-free pasta varieties into the market. September 2021: Italy-based manufacturer, Barilla, announced the expansion of a gluten-free pasta product line composed of chickpea flour. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

Pasta Market Size, Industry Analysis By Source (Wheat, Rice, Maize, Soy, Multigrain, And Others), By Distribution Channel (Store-Based (Supermarkets & Hypermarkets, Convenience Stores And Others}, Non-Store-Based) & Region - Forecasts 2022-2030 The global Pasta market was worth USD 46,840 million in 2022 and is anticipated to register a CAGR of 7.52%, thereby reaching a valuation of USD 77,830 million by end of the forecast period. https://wemarketresearch.com/reports/pasta-market/118/

The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

The global pasta market size is projected to reach USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

The global pasta market size was valued at USD 43.63 billion in 2021. The market is projected to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029 Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

The global pasta market size to rise from USD 46.84 billion in 2022 to USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

The global pasta market size to reach USD 77.83 billion by 2029 at 7.52% CAGR during the forecast period 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284

According to Fortune Business Insights, the pasta market size to reach USD 77.83 billion by 2029 at 7.52% CAGR during 2022-2029. Browse In-depth Summary of This Research Insight: https://www.fortunebusinessinsights.com/pasta-market-102284