Pasta is an old-style Italian food & signifies one of the most available & healthy carbohydrate-rich diets. There is a big range of pasta & it is regularly available in dissimilar sizes & shapes. The intake of pasta has improved among health-aware customers around the globe as it is cholesterol-free & small in sodium.
Pasta Market was worth US$ 40.95 Bn. in 2021 and total revenue is expected to grow at a rate of 8.12% CAGR from 2022 to 2029, reaching almost US$ 76.47 Bn. in 2029.
Pasta Market Overview:
This Pasta market study looks at current and emerging industry trends and dynamics in the global Pasta market. Pasta Extensive market forecasting for the major market segments is carried out between 2021 and 2027. Extensive Pasta market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Pasta market, key players are profiled and their strategies are thoroughly evaluated.
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Pasta Market Scope:
The analysis contains a current examination of the present Pasta market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Pasta market environment. Increased demand for Pasta is driving the market. The Pasta market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
Segmentation:
The global demand for pasta is growing steadily. According to the statistics of the MMR study report, a total of 13, 5 Mn tons of pasta was made in the year 2013 in the world. Pasta being a product which is easy to make & less price had a great effect on this. Another major reason for the growth of consumption is the high nutritious importance of the durum wheat within the pasta & the fact that pasta is a foodstuff that can be made with numerous sauces so that it would be suitable to palates of nearly every culture.
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Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of
• Barilla G. and R. Fratelli SpA
• Nestle SA
• F.lli De Cecco di Filippo SpA (De Cecco)
• Makfa JSC
• Durum Gida Sanayi Ve Ticaret A.S.
• General Mills, Inc.
• MXO Global, Inc. (Tolerant Organics)
• Mizkan America, Inc.
• Seggiano
• Pastificio Felicetti S.p.a
• Pastificio Lucio Garofalo S.p.A.
• Bionaturae, LLC
• Pastas Gallo Company
• General Mills, Inc.
• Grupo La Moderna
• RFM Corporation
• Delverde Industrial Alimentari S.p.a.
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Pasta market study. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Pasta Market:
The COVID-19 epidemic has had a significant impact on the global Pasta industry. Pasta Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Pasta market to decelerate in 2020. The negative impact of COVID-19 on the Pasta market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2021, owing to increased demand for Pasta .
Key Questions Answered in the Pasta Market Report are:
- Which segment was responsible for the largest share in the Pasta market?
- How was the competitive scenario of the Pasta market in 2020?
- Which are the key factors responsible for the Pasta market growth?
- Which region held the maximum share in the Pasta market in 2020?
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