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:
The Pasta market’s competitive landscape comprises information about rivals. A firm overview, financials, revenue produced, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product launch, and application domination are among the topics covered. The following information is only relevant to the organization’s focus on the Pasta market.
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Pasta Market scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research’s market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To create percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each location. The percentage acceptance or usage of the given market Size in the relevant area or nation determines the country-wise segmentation of the main market and its sub-segments.
Segmentation:
Based on product type, the global pasta market is segmented by ambient pasta, dry pasta, and chilled pasta. The ambient pasta sector led the market & held the major market share of 39.15 percent in 2020. Owing to the enormous range of foodstuffs existing in this sector, which differ in taste & flavor. Accessibility & an extensive shelf life are both paying to the market’s growth. Dried pasta is responsible to be the fasted rising sector. These foodstuffs are becoming gradually common in nations like India, China, & Argentina. This market is anticipated to rise at the fastest rate during the forecast period.
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Key Players: Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data. The following are the key players of the Pasta market-
- 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.
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also investigated in the geographical component of the research. Some of the factors used to forecast market scenarios for various countries include downstream and upstream value chain analysis, technological trends, Porter’s five forces analysis, and case studies.
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COVID-19 Impact Analysis on Pasta Market: Furthermore, the research assesses the impact of COVID-19 on the Pasta market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry confronts across major regions. The paper provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the Pasta Market. The report focuses on market share and size, clearly demonstrating the pandemic’s influence on the worldwide Pasta Market in the next years.
Key Questions Answered in the Pasta Market Report are:
- What will be the Pasta market’s CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Pasta industry?
- Who are the key players in the Pasta market?
- What important trends in the Pasta industry are anticipated to develop throughout the forecast period?
- How big will the Pasta market be in 2027?
- In 2020, which business segment had the highest proportion of the Pasta market?
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