Pasta Market

Pasta Market

Pasta Market- By Type, Raw Material, Distribution Channel, Cuisine and State.

Market Synopsis:

The Global Pasta Market is valued at USD 45.02 Billion in the year 2022 and is projected to reach a value of USD 78.50 Billion by the year 2030. The Global Market is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 7.20% over the forecast period.

Pasta is a traditional Italian dish composed with dough, water, eggs, veggies, and oil. The dough is kneaded into a variety of shapes, including penne, spaghetti, farfalle, fettuccine, barbine, and so on. Pasta 's high vitamin and mineral content has been linked to a variety of health advantages. Increased urbanization, changing lifestyles, and rising demand for ready-to-eat items are the key drivers driving the growth of the Pasta Market in India. In addition, the market is influenced by the increased employment rate of women, as well as rising disposable incomes. Furthermore, health-conscious consumers are seeking food products created with healthier components, resulting in an increase in demand for whole-wheat and quinoa Pasta. Pasta's longer shelf life and ease of preparation are also contributing to the market's expansion.

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Globalization and the expanding influence of the West have popularized Italian food, among others, in India, which is the primary driver of the Indian Pasta Market's growth. Furthermore, busy schedules, changing culinary tastes, and rising disposable income rates have contributed to an increase in demand for easy-to-cook and packaged food products in India, positively impacting the Indian Pasta industry. Furthermore, rising consumer health awareness has raised demand for better food options such as whole-wheat Pasta, quinoa, and gluten-free dishes. To appeal to a broader client base around the world, foodservice firms are now offering a combination of Italian and Indian cuisine by boiling Pasta with Indian spices. Furthermore, the growth of online retail

Market Segmentation:

Based on Type

On the basis of Type, the market is segmented into Dry Pasta, Instant Pasta and Fresh Pasta. Because it comes in a variety of shapes and can be stored conveniently, dried form is preferred over chilled or canned form. Furthermore, chilled and canned products have a lower shelf life than dry products, making it difficult to store them for longer periods of time. Furthermore, dried products absorb sauces and ingredients better than other forms, making them a good fit for a variety of recipes. Consumer demand for chilled form has risen dramatically in recent years. Because they are handled at a high temperature during the manufacturing process, industrially manufactured dried items lack the necessary nutrients.

Based on Raw Material:

On the basis of Raw Material, the market is segmented into Semolina, Refined Flour, Durum Wheat and Others. Semolina, a type of wheat flour, is utilized to make the best range of these products on the market. Because of its elasticity, semolina flour can be used to manufacture products in a variety of forms and sizes. It also allows the product to maintain structural uniformity and ensures that the product's texture is preserved. Semolina flour, on the other hand, is high in gluten and may not be suited for celiac disease sufferers or those who are health-conscious. As a result, gluten-free product demand is expected to skyrocket in the coming years.

Europe Dominated the Pasta Market in 2021

Europe acquired the largest market share during the year 2021 with a share of 38.10%. Europe is the largest consumer and is predicted to continue to lead during the forecast period. It has long been an important part of traditional feasts, particularly in Italy and Greece. As customers have become more health-conscious, the market for high-carbohydrate foods has fallen in recent years. As a result, producers are introducing new gluten-free product types in a variety of shapes and forms to meet changing consumer tastes. The availability of wheat for manufacturing such items has been considerably impacted in recent years by the rise in poor climatic conditions in key durum wheat-growing countries, resulting in an increase in the price of wheat and end products.