Market Insights & Analysis: Global Pasta Market (2024-30):

1. A USD 48.5 Billion Global Pasta Market to Report a Substantial CAGR of Around 6.8% During 2024-30 • GET SAMPLE REPORT 2025-2030 • MARKNTEL ADVISORS

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4. Market Insights The Global Pasta Market size was valued at around USD 48.5 billion in 2023 and is projected to reach around USD 92.6 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.8% during the forecast period, i.e., 2024-30. The pasta market is experiencing growth due to several key factors, including a growing desire for international cuisine, increased global consumption of Italian pasta products, rising demand for shelf-stable packaged goods, and evolution within the food service industry.

5. Market Drivers A Surge in Demand for Convenient Foods Boosting Market Growth – The rising demand for convenience foods is a significant factor contributing to the growth of the pasta industry. This is attributed to several socio-economic and lifestyle changes that have influenced consumer behavior. In today's fast-paced world, people lead increasingly busy lives with little time to spare for cooking. Pasta, being a convenient and quick meal option, fits perfectly into the lifestyles of those who have limited time to prepare meals. Pasta is known for its ease of preparation, as it requires minimal cooking skills. This convenience factor appeals to a larger population worldwide. In addition, pasta is seen as one of the most affordable meal options, especially when compared to other convenient foods. Its affordability makes it an attractive choice for budget-conscious consumers. According to the National Pasta Association, the average price an American pays for pasta is about USD 1.45 per pound every year. This shows the affordability of pasta worldwide.

6. Market Segments Pasta Market - By Type (Dried, Fresh, Instant), By Raw Material (Durum Wheat, Semolina, Rice, Refined Flour, Soy, Others), By Nature (Organic, Conventional), By Product (Long StylePasta [Spaghetti, Fettuccine, Others], Short Style Pasta [Penne, Macaroni, Others], Filled Style/Stuffed Pasta), By End-Users (Households, Restaurants & Food Service, Travel & Hospitality, Others), By Packaging Type (Packets/Pouches, Boxes), By Sales Channel (Online Channel, Offline Channel [Supermarkets/Hypermarkets, Convenience Stores]) and others

7. Top Companies BambinoAgro, Del Monte Foods Pvt. Ltd., MTR Foods Pvt. Ltd., Ancient Harvest (Quinoa), Ebro Foods Brand, Unilever (Knorr Pasta), Nestle Foods (Maggi Pazzta), GOODLES, Barilla Group, Armanino Foods, General Mills, Newlat Food, De Cecco, Pasta Lensi, MAKFA, Fratelli Minaglia, Others

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10. MarkNtel Advisors Target Geographies- Focus Areas • MarkNtel has strategically defined its target areas which are based on evaluation by its analysts after analysing the growth potential of various regions. Few of those parameters include: • -Political, Economic, Social, Technological and Environmental Analysis • -Credit Ratings provided by leading institutions • -GDP projections by bodies such as the World Bank, IMF, OECD, etc. • -Market Disruptions and the “Next Big Things”

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