Pasta Market Trends, Share, Growth Drivers, Business Analysis and Future Investment 2030: MarkNtel Advisors

Market Insights

As per recent research by MarkNtel Advisors, The Global Pasta Market size was valued at around USD 48.5 billion in 2023 and is projected to reach around USD 92.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.8% during the forecast period, i.e., 2024-30.

Global Pasta Market Driver:

A Surge in Demand for Convenient Foods Boosting Market Growth – The rising demand for convenience foods is a significant factor contributing to the growth of the pasta industry. This is attributed to several socio-economic and lifestyle changes that have influenced consumer behavior. In today’s fast-paced world, people lead increasingly busy lives with little time to spare for cooking. Pasta, being a convenient and quick meal option, fits perfectly into the lifestyles of those who have limited time to prepare meals. Pasta is known for its ease of preparation, as it requires minimal cooking skills. This convenience factor appeals to a larger population worldwide.

In addition, pasta is seen as one of the most affordable meal options, especially when compared to other convenient foods. Its affordability makes it an attractive choice for budget-conscious consumers. According to the National Pasta Association, the average price an American pays for pasta is about USD 1.45 per pound every year. This shows the affordability of pasta worldwide.

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Market Segmentation and Consumer Behavior:

By Type

• Dried- Market Size & Forecast 2019-2030, USD Million
• Fresh- Market Size & Forecast 2019-2030, USD Million
• Instant- Market Size & Forecast 2019-2030, USD Million

By Raw Material

• Durum Wheat- Market Size & Forecast 2019-2030, USD Million
• Semolina- Market Size & Forecast 2019-2030, USD Million
• Rice- Market Size & Forecast 2019-2030, USD Million
• Refined Flour- Market Size & Forecast 2019-2030, USD Million
• Soy- Market Size & Forecast 2019-2030, USD Million
• Others (Buckwheat, Oats, etc.)- Market Size & Forecast 2019-2030, USD Million

By Nature

• Organic- Market Size & Forecast 2019-2030, USD Million
• Conventional- Market Size & Forecast 2019-2030, USD Million

By Product

• Long Style Pasta- Market Size & Forecast 2019-2030, USD Million
  • Spaghetti- Market Size & Forecast 2019-2030, USD Million
  • Fettuccine- Market Size & Forecast 2019-2030, USD Million
  • Others (Linguine, Angel Hair, etc.)- Market Size & Forecast 2019-2030, USD Million
• Short Style Pasta- Market Size & Forecast 2019-2030, USD Million
  • Penne- Market Size & Forecast 2019-2030, USD Million
  • Macaroni- Market Size & Forecast 2019-2030, USD Million
  • Others (Elbows, Farfalle, etc.)- Market Size & Forecast 2019-2030, USD Million
• Filled Style/Stuffed Pasta- Market Size & Forecast 2019-2030, USD Million

 By End-Users

• Households- Market Size & Forecast 2019-2030, USD Million
• Restaurants & Food Service- Market Size & Forecast 2019-2030, USD Million
• Travel & Hospitality- Market Size & Forecast 2019-2030, USD Million
• Others- Market Size & Forecast 2019-2030, USD Million

By Packaging Type

• Packets/Pouches- Market Size & Forecast 2019-2030, USD Million
• Boxes- Market Size & Forecast 2019-2030, USD Million

By Sales Channel

• Online Channel- Market Size & Forecast 2019-2030, USD Million
• Offline Channel- Market Size & Forecast 2019-2030, USD Million
  •  Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD Million
  •  Convenience Stores- Market Size & Forecast 2019-2030, USD Million
  •  Others (Independent Small Groceries, Departmental Stores, etc.)- Market Size & Forecast 2019-2030, USD Million

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Pasta Market Geographical Analysis:

By Region:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Key Players and Competitive Strategies in the Pasta Market

Several prominent players dominate the Pasta Market, including:

• BambinoAgro
• Del Monte Foods Pvt. Ltd.
• MTR Foods Pvt. Ltd.
• Ancient Harvest (Quinoa)
• Ebro Foods Brand
• Unilever (Knorr Pasta)
• Nestle Foods (Maggi Pazzta)
• GOODLES
• Barilla Group
• Armanino Foods
• General Mills
• Newlat Food
• De Cecco
• Pasta Lensi
• MAKFA
• Fratelli Minaglia

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Questions Addressed in this Study

1.What factors are driving the Pasta Market growth?

2.How is the Pasta Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Pasta Market?

4.What is the current size of the Pasta Market, and how is it projected to change in the future?

5.What is the future outlook for the Pasta Market in terms of technological advancements and market expansion?

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