Global Pasta Market is projected to be valued at USD 67,987.1 Million by 2026, expanding at a CAGR of 5.28% during the forecast period. Pasta is a type of food made from a mixture of eggs, flour, and water formed into different shapes and then boiled. The global pasta market is expected to register a notable growth rate during the forecast period. The key drivers fueling the growth of the global pasta market are consumer’s demand for healthy food & beverages: fortification of pasta, the rapid growth of the foodservice industry, and ready product availability and easy production. However, consumer acceptance, regulatory framework, negative branding, and high competition restrict the market growth. Nevertheless, the growing consumer demand for certified products and growing demand for clean label products are expected to present lucrative opportunities for players operating in the global market during the forecast period.

Segmental Analysis:

Global Pasta Market has been segmented on the basis of Source, Distribution Channel and Region.

By Source, the market has been divided into wheat, rice, maize, soy, multigrain, and others. The wheat segment accounted for the maximum market share in 2019 whereas, the multigrain segment is expected to register the highest CAGR of 5.90% during the forecast period. Multigrain is a good source of dietary fibers. It is a better choice for many, as it is lower in calories and carbs but higher in fiber and nutrients.

Based on Distribution Channel, the Global Pasta Market has been classified as store-based and non-store-based. The store-based segment is further bifurcated as supermarkets & hypermarkets, convenience stores, ad others. The store-based segment accounted for the larger market share in 2019 in terms of value. Consumers prefer store-based channels as they provide a one-stop shopping experience. Supermarkets play a key role in the growth of the market. Supermarkets are the largest sub-segment due to the increase in population. The availability of a wide variety of products under a single roof has fueled store-based distribution channels. Convenience stores include retail outlets that contribute significantly to pasta distribution by offering high-quality products and private-label options.

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Major Key Players:

Market Research Future recognizes General Mills, Inc. (US), Conagra Brands, Inc. (US), Quinoa Corporation (US), Ebro Foods, S.A. (UK), Unilever (UK), Nestlé S.A. (Switzerland), Ajinomoto Co., Inc. (Japan), Del Monte Foods, Inc. (US), Thai President Foods Public Company Limited (Thailand), and Barilla G. e R. F.lli S.p.A. (Italy) as the Key Players in the Global Pasta Market.

Key Findings of the Study

Global Pasta Market is projected to register a growth rate of 5.28% from 2020 to 2026. increasing demand for convenience food followed by the rapid growth of the foodservice industry are projected to propel the growth of the global pasta market.
The wheat segment is estimated to retain its prominent share by 2026 whereas, the multigrain segment is anticipated to register a growth rate of 5.90% during the forecast period.
The store-based segment accounted for the largest market share in 2019 and is expected to grow at a rate of 5.17% during the forecast period.