Pasta Market is estimated to be US$ 83.65 billion by 2030 with a CAGR of 5.52% during the forecast period - By PMI

Covina, March 13, 2023 (GLOBE NEWSWIRE) -- “According to the latest research study, the demand of Pasta Market accounted for US$ 47.63 billion in 2020 and is estimated to be US$ 80.74 billion by 2030 and is anticipated to register a CAGR of 5.52 %.

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Scope of the Report:

1. Pasta Market, By Product Type

• • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Segment Trends
  • Dried Pasta
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  • Chilled/Fresh Pasta
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  • Canned/Preserved Pasta
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030

2. Pasta Market, By Distribution Channel, 2020 – 2030, (US$ Bn)

• • Overview                                      
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
    • Y-o-Y Growth Analysis (%), 2020 – 2030
    • Segment Trends
  • Supermarkets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  • Hypermarkets
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  • Discounters
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  • Independent Small Grocers
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030

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Competitive Landscape:

• Barilla S.p.A.
• Nestlé S.A.
• ITC Limited
• Conagra Brands, Inc.
• Kraft Heinz Company
• Nissin Foods Company Limited
• BRF S.A
• Delverde Industrie Alimentari S.P.A.
• lli De Cecco di Filippo S.p.A
• BRF S.A.

Market Dynamics:

The Pasta Market is influenced by various market dynamics that impact supply and demand, pricing, and competition. Some of the key market dynamics are:

1. Supply and demand
2. Price fluctuations
3. Market competition
4. Consumer preferences
5. Government regulations

Key Reasons to Purchase:

There are several key reasons to purchase Pasta Market reports, including:

• Growing Demand: Pasta is a staple food in many parts of the world and its demand is increasing year by year. The growing popularity of Italian cuisine and the health benefits associated with pasta consumption are driving the growth of the pasta market.
• Versatility: Pasta is a versatile food that can be prepared in a variety of ways and paired with many different ingredients. This versatility makes it a popular choice among consumers who are looking for quick and easy meal options.
• Profitability: The pasta market is highly profitable for businesses due to its low production costs and high demand. This makes it an attractive investment opportunity for investors looking to enter the food industry.
• Innovation: The pasta market is constantly evolving and new varieties of pasta are being introduced to the market. This creates opportunities for businesses to innovate and differentiate themselves from competitors.
• Health Benefits: Pasta is a good source of complex carbohydrates, fiber, and protein. This makes it a healthy food choice for consumers who are looking for nutrient-dense options.
• Global Market: The pasta market is a global market with a wide range of consumers. This provides businesses with opportunities to expand their operations and reach new customers in different regions of the world.

FREQUENTLY ASKED QUESTIONS:

1. What are the key drivers of growth in the pasta market?

The key drivers of growth in the pasta market include the increasing demand for convenient and healthy food options, the availability of innovative and differentiated pasta products, and the growing popularity of ethnic cuisines that incorporate pasta.

2. What are the different types of pasta available in the market?

There are various types of pasta available in the market, including spaghetti, penne, macaroni, fettuccine, linguine, lasagna, and many more. These types of pasta differ in their shape, size, and texture, and can be made from different types of flour and grains.

3. What are some of the challenges facing the pasta market?

Some of the challenges facing the pasta market include the increasing competition from alternative grain-based products such as quinoa and rice, the rising concern about the high carbohydrate content of pasta, and the impact of changing consumer preferences on the demand for traditional pasta products.

4. What are some of the major trends in the pasta market?

Some of the major trends in the pasta market include the increasing demand for organic and whole grain pasta products, the growing popularity of gluten-free pasta products, and the introduction of innovative pasta products that incorporate superfoods and functional ingredients.

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