Pasta Market Rising Demand, competition and growing popularity of the instant food in Forecast 2025
14 May 2019 - The Global Pasta Market is subject to witness a substantial growth due to the
introduction of a wide variety of products in the market, increasing demand for
staple food, and change in food habits. Growing demand for staple food from
European region due to regular consummation is anticipated to fuel market
demand for packaged pasta products over the forecast period.
Pasta
is broadly known as a staple food of Italian cuisine. Additionally, stringent
governmental laws and regulation in regards to the labelling and commercial
manufacturing in the European region are expected to drive the growth of pasta
market in the upcoming years. Globally, the market is predicted to grow at CAGR
of 5.76% in forecast period, providing numerous opportunities for market
players to invest in research and development of the pasta market.
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Other
factors responsible for sustained market growth, in the recent years, include
changing food patterns, shifting lifestyle preferences, increasing demand for
on-the-go food products, particularly in the North America and European region.
Shifting trends towards pasta as a staple carbohydrate from U.S and some of the
European economies are anticipated to drive market expansion over the forecast
period.
Increasing
approval rate by local government and international authorities such as Food
and Drug Administration (FDA) that also defines standards of identity for
macaroni products in the U.S. market are estimated to escalate the value of
pasta market in the near future. Furthermore, rising demand form working
professionals, increasing per capita income from developing economies, majorly
in the Asia Pacific region, and growing popularity of the instant food is
driving the growth of pasta market, in the recent years.
In
addition, availability of wide variety of the products and development of
innovative flavored pasta products are anticipated to foster market demand in
the upcoming years as well. Rising competition in the market, leading to
introduction of novel products are projected to enhance overall market
performance. Increasing consummation of the staple food products from in
various region across the globe are prominent factors responsible for robust
market growth in the last few years. Growing popularity of the pasta products
is attributed to the instant food preparation, lower cost and easy
availability.
The
market is broadly categorized into three major types based on product type such
as ambient pasta and noodles, dried pasta, and chilled pasta. Ambient pasta is
considered as one of the fastest growing segment in the pasta market with
substantial revenue generation in the last couple of years. Increasing demand
for the ambient pasta market segment is credited to availability of a wide
range of products with variety of taste and flavor.
Other
factors driving demand for the ambient pasta, in the last couple of years
include convenience food and longer shelf life of the product. The dried pasta
market segment has also witnessed significant growth in the recent years owing
to increasing demand from Asia Pacific region. Additionally, the ambient pasta
and noodles, and dried pasta products are shelf stable, as they does not need
refrigeration or chilled storage.
The
market is divided by region as North America, Europe, Asia-Pacific, Latin
America and Africa. European region has shown major growth in recent years
owing to the rise in the implementation of latest technologies packaged food
industry and existence of prominent industry players in the region.
Asia-Pacific
region is predicted to hold major market share with massive growth in forecast
period. Countries such as India, China, Japan, Malaysia, Indonesia, South Korea
and Singapore are leading the Asia-Pacific market with increasing population
base, rising per capita income, and significant investment by leading industry
players considering potential growth opportunities in the region.
The
key players in the pasta market are Nestlé S.A., Barilla S.p.A, ITC Ltd., Kraft
Heinz Company, Inc., Conad s.r.o., ConAgra Foods, Inc., Nissin Food Products
Co., Ltd., BRF S.A., De Cecco, Inc., and Delverde S.p.A.
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Market Segment:
This report focuses on the top
manufacturers' Pasta capacity, production, value, price and market share of
Pasta in global market. The following manufacturers are covered in this report:
•
Bambino (India)
•
Nestle (USA)
•
Field Fresh (India)
•
ITC Limited (India)
•
Rajdhani Group (India)
•
Savorit (India)
•
Indo Nissin Foods Ltd. (India)
•
United Argo Industries (India)
•
MTR Foods Pvt. Ltd. (India)
Pasta Breakdown Data by Type
•
Dry Pasta
•
Fresh Pasta
Pasta Breakdown Data by Application
•
Residential
•
Restaurant
•
Airplane & Train
•
Other

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