8 July 2019 – The
Global Pasta Market is subject to witness
a substantial growth due to the introduction of a wide variety of products in
the market, increasing demand for staple food, and change in food habits.
Growing demand for staple food from European region due to regular consummation
is anticipated to fuel market demand for packaged pasta products over the
forecast period.
Pasta is broadly known as a staple food of Italian cuisine.
Additionally, stringent governmental laws and regulation in regards to the
labelling and commercial manufacturing in the European region are expected to
drive the growth of pasta market in the upcoming years. Globally, the market is
predicted to grow at CAGR of 5.76% in forecast period, providing numerous
opportunities for market players to invest in research and development of the
pasta market.
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In addition, availability of wide variety of the products
and development of innovative flavored pasta products are anticipated to foster
market demand in the upcoming years as well. Rising competition in the market,
leading to introduction of novel products are projected to enhance overall
market performance. Increasing consummation of the staple food products from in
various region across the globe are prominent factors responsible for robust
market growth in the last few years. Growing popularity of the pasta products
is attributed to the instant food preparation, lower cost and easy
availability.
The market is broadly categorized into three major types
based on product type such as ambient pasta and noodles, dried pasta, and
chilled pasta. Ambient pasta is considered as one of the fastest growing
segment in the pasta market with substantial revenue generation in the last
couple of years. Increasing demand for the ambient pasta market segment is
credited to availability of a wide range of products with variety of taste and
flavor.
The key players in the pasta market are Nestlé S.A., Barilla
S.p.A, ITC Ltd., Kraft Heinz Company, Inc., Conad s.r.o., ConAgra Foods, Inc.,
Nissin Food Products Co., Ltd., BRF S.A., De Cecco, Inc., and Delverde S.p.A.
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