Pasta Market, Covid-19 Outbreak, Main Ingredients, Functionality, Consumers LookPosted by Pallavi Agrawal on February 5th, 2021 Market Overview
Market Forecast
Organized foodservice includes chain and licensed standalone players operating across quick service restaurants, lounges, and cafes that majorly relies on pasta as an ingredient to prepare the final dish. Organized foodservice uses majorly pasta, frozen pasta, and others as the key raw material for preparing food for end customers. Pasta is also known as an efficiency food as this helps in saving preparation time, labor and cost with minimum food wastage. All such factors have resulted in a huge demand of pasta in foodservice industry.
The trend of consumption of pasta began in European countries and it spread to other regions rapidly due to globalization. Looking at the economic development at global level, specifically for BRIC countries, the increasing purchasing power of consumers, convenience trends are likely to remain significant. The increasing consumption of pasta is driven by this desire to create more leisure time which means that consumers like to maximize their free time along with their disposable income and spend more time doing the things they value more. These factors will play a key role in the growth of pasta market at the CAGR of 5.85 % during 2017-2023. Competitive Analysis
This report includes a study of strategies used in the market, mergers and acquisitions in pasta, as well as multiple product launch by pasta market players. It further includes product portfolios and developments of leading major players which includes:
Global Pasta Market is mainly occupied by some key manufacturers. The competitive environment in this market is estimated to increase, with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding their operations geographically, augmenting its capabilities and investing in research and development to offer products with better functionality.
The global Pasta market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Among these, APAC region is expected to retain its dominance throughout the forecast period. The market is projected to grow at a steady pace in the review period. Europe will be the fastest growing region in the pasta market and high growth in emerging economies such as China, India, Japan and ASEAN countries. Latin American countries, offer ample Expansion opportunities for to major players. There is higher consumption of processed and convenience food products in developing economies such as Asia Pacifica and Latin America
Market Segmentation
Global pasta market is segmented depending on main ingredients, functionality, distribution channel, form, type, and region Access Full Report Details and Order this Premium Report @ https://www.marketresearchfuture.com/reports/pasta-market-2428 Key Players The key players profiled in the pasta market are Nestlé SA (Switzerland), Ajinomoto Co., Inc. (Japan), The Unilever Group (Knorr) (U.K.), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India). Sample Report Link “Pasta Market” @ https://www.marketresearchfuture.com/sample_request/2428 NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. Like it? Share it!More by this author |