Pasta Market Overview
The pasta market is a thriving industry that is valued at over USD 107.3 billion in 2020 and is expected to grow at a CAGR of 4.7% from 2021 to 2028. This market has grown steadily over the years, mainly due to the increasing popularity of Italian cuisine, the rising demand for convenience food, and the availability of a variety of pasta shapes and flavors.
Pasta is a type of Italian noodle made from durum wheat and water. It is a versatile food that can be used in a variety of dishes, from simple Italian pasta dishes to complex dishes such as lasagna, macaroni, and cheese, and more. It is also a popular choice for quick and easy meals and snacks, making it one of the most popular convenience foods.
The global pasta market is divided into four major segments: dry pasta, fresh pasta, frozen pasta, and specialty pasta. Dry pasta is the largest segment, accounting for more than 60% of the total market share. This segment is mainly driven by the availability of various shapes and flavors, and the ease of storage and preparation. Fresh pasta is the second-largest segment, accounting for approximately 25% of the total market share. This segment is mainly driven by the rising demand
Competitive Analysis
Key players in the Pasta Market Players include the Unilever Group, Capital Foods Limited, and ITC Ltd., among others.
Segmentation Analytical
Based on distribution method and source, the healthy Vegan Pasta Market trends research is divided into distinct market segments.
Maize, multigrain, rice, soy, wheat, and others make up the distribution channel sector. Because multigrain is a good source of dietary fibres, it is expected to grow at the fastest rate of 5.90 percent during the projection period.
In addition, the global Pasta Market Insights is divided into store-based (supermarkets & hypermarkets, convenience stores, and others) and non-store-based segments, depending on the source. By the end of 2026, the store-based category is expected to command the global Vegan Pasta Market, with a value of USD 47.74 billion. The non-store-based market, on the other hand, is predicted to grow at a 5.53 percent CAGR throughout the assessment period.
Regional by Analysis
Throughout the projected period, the European Vegan Pasta Market Overview is expected to develop a leading position in the Vegan Pasta Market. In 2019, the region accounted for 36.34 percent of the market. Italy is one of the major contributors to the Vegan Pasta Market’s expansion. During the projection period, the market in the region is expected to grow at a notable CAGR of 5.05 percent. Pasta is one of the most common basic dishes in Europe. Its progress is fueled by rapid population growth and rising per capita disposable income. Furthermore, the region’s Vegan Pasta Market is growing because of rising global tourism and the overall changing characteristics of the country’s economy, which impact the HoReCa sector’s development.
China and India, two growing markets whose growth rates have outpaced that of the rest of the globe, have proven difficult to penetrate. In India and China, per capita sales of pasta are low due to lower-cost regional staples such as rice and noodles. Aside from a lack of cost and cultural sensitivities, another problem impeding Asian market expansion is the abundance of pasta. However, rising per capita income in emerging economies, particularly India and China, may tip the scales in the future. This, combined with increasing urbanization, is expected to drive significant growth in the foreseeable future.
