Pasta: Top Drivers that will Enable COVID-19 Recovery
Synopsis of Growth Drivers with Market Forecast 2021-2025
The Global Pasta Market is projected to grow by $ 6.74 bn, accelerating at a CAGR of over 3% till 2025. This research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends and challenges that are likely to impact market growth.
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Pasta Market: Top Drivers for Growth
Technavio has identified Increased demand for instant pasta as one of the key factors that will drive this market. This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Pasta Market: Segment List
This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Pasta Market is segmented by Product (Dried pasta, Chilled & fresh pasta, and Canned & preserved pasta) and Geography (Europe, North America, APAC, South America, and MEA). Request our Free Sample Report
Pasta Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barilla G. e R. Fratelli Spa, Dakota Growers Pasta Company Inc., Ebro Foods SA, F. Divella Spa, F.lli De Cecco di Filippo Fara San Martino Spa, Nestle SA, Rana USA Inc. , The Kraft Heinz Co., TreeHouse Foods Inc., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
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Pasta Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Technavio has been monitoring the pasta market and it is expected to grow by $ 6.74 bn, accelerating at a CAGR of almost 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Pasta Market: Key Trends to impact market growth
The is one of the key pasta market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.
Pasta Market: Top Drivers to Boost Demand
The Increased demand for instant pasta is one of the primary factors driving the growth of the pasta market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business
Vendor Analysis: Barilla G. e R. Fratelli Spa, Dakota Growers Pasta Company Inc. and Ebro Foods SA are key growth contributors
The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barilla G. e R. Fratelli Spa, Dakota Growers Pasta Company Inc., Ebro Foods SA, F. Divella Spa, F.lli De Cecco di Filippo Fara San Martino Spa, Nestle SA, Rana USA Inc. , The Kraft Heinz Co., TreeHouse Foods Inc., and Unilever Group are some of the major market participants.
For more insights on this market: Download a Free Sample Report
Pasta Market: Key Highlights of the Report for 2021-2025
Technavio has been monitoring the global pasta market and it is expected to grow by USD 6.74 billion, accelerating at a CAGR of over 3% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. View Free Sample Report
Top Market Driver: Increased demand for instant pasta and rise in home-cooking
Increased demand for instant pasta is rising in tandem with the growing need for convenience food products. Instant pasta is expected to emulate the growth rate of instant noodles in most countries. A shorter cooking time, easy preparation, and longer shelf life are some of the major factors fueling demand for instant pasta in the market.Several market vendors are focusing on launching precooked or instant pasta to meet this spurt in demand. Nestle SA (Nestle) launched Maggi Pazzta in May 2019 in India; and Nissin launched instant pasta in the Philippines in 2019. These are fully-cooked pasta pouches with pre-seasoned contents supplemented by extra virgin olive oil and a pinch of sea salt. Consumers can prepare the pasta by kneading the pouch and microwaving it for a minute. Demand for instant pasta is also increasing due to an increase in in-home cooking. Rising health awareness and growing concerns on the hygiene and quality of food sourced from outside have piqued interest in home-cooked food.
Leading Product Segment: High demand for convenience food to drive growth
Dried pasta is the most commonly consumed and widely available pasta variety in the world. It has a longer shelf life than other pasta products and can be easily stored. Dried pasta has a firm texture and can hold up longer, and as such, it takes longer to cook than fresh pasta. It usually doubles in size when baked or cooked. Dried pasta includes a wide range of products and caters to varied consumer tastes and preferences. However, the other two segments are also gathering traction owing to faster cooking and greater convenience. These segments are expected to contribute significantly to the growth of the market during the forecast period.
Key Emerging Trend: Demand for international flavors and cuisine to drive market growth
Product launches featuring international flavors are increasing across the world. In the US, food truck offerings are a growing trend. These food trucks are popular as they offer fusion food with multiple combinations of unique international recipes, such as pasta with different fillings and flavors. Thus, the demand for pasta with ethnic flavors is expected to increase during the forecast period owing to the rising demand for international cuisine and an increase in disposable income.
Pasta Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Barilla G. e R. Fratelli Spa, Dakota Growers Pasta Company Inc., Ebro Foods SA, F. Divella Spa, F.lli De Cecco di Filippo Fara San Martino Spa, Nestle SA, Rana USA Inc. , The Kraft Heinz Co., TreeHouse Foods Inc., and Unilever Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio offers custom research reports with detailed insights from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
For more insights on this market: Download Our Free Sample Report
