COVID-19 Impact On Pasta Market Future Growth, Trends, Size, Share, Region, Outlook, Demand Forecast To 2023

 Pasta Market Scenario

Pasta is made up of flour & egg and unleavened dough and usually served with an Italian sauce. It is produced in different forms according to varying regional tastes. A new report on the global pasta market, published by Market Research Future (MRFR), speculates that this market can observe progress at 5.85% CAGR during the forecast period (2017-2023).

The far-reaching market drivers for The Global Pasta Market growth are an increase in the working population, demand for convenience food, and ease of cooking pasta. Depending on what vegetables have been added to pasta, pasta can have nutritional value. The availability of pasta in organized food services is enhancing the market growth. 

Key Players

Big players in the global Pasta Market are Nestlé  SA (Switzerland), Ajinomoto Co., Inc. (Japan), The Unilever Group (Knorr) (U.K.), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India). Applebee’s has introduced pasta dishes accompanied with various combinations for its esteemed customers.

Market Segmentation

The global Pasta Market segmentation encompasses distribution channels, functionality, sources, and types. MRFR’s research on the market highlights many factors of the market in-depth.

Based on distribution channels, this market has been segmented into store-based distribution channel and non-store-based distribution channel. Store-based distribution channels segment covers retail outlets, whereas Non-store-based distribution channels segment covers e-commerce and online portals.

By type, the market has been segmented into fettuccine pasta, penne pasta, rotini pasta, spaghetti pasta, and others. Among these segments, spaghetti is the largest segment. During the forecast period, the fettuccine pasta segment is expected to witness the fastest market growth.

Regional Segmentation

A geographical outlining of the global Pasta Market covers Europe, Asia Pacific, North America, and Rest-of-the-World (RoW).

Being the largest regional market, Europe is expected to grow at 5.72% CAGR during the forecast period. Pasta is Italian cuisine, and as Italy is in Europe, it is natural for Europe to be the biggest market in this region. The large population inclined towards the dish also contributes to market growth. Other important markets in this region are France, Germany, Spain, and the U.K. The survey of the remaining countries in Europe outlines the tremendous potential of the product. 

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In North America, the market is strong due to a strong economy, high purchasing power of people, and craze for fast food. The maximum revenue in this regional market comes from the USA, Canada, and Mexico.

The RoW region comprises the Middle East, Africa, and Latin America. Compared to these three regions, Latin America is the biggest regional market segment due to the presence of many growing economies like Argentina and Brazil.

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.