Published on : Aug 21, 2018
Albany, New York, August 21, 2018: The popularity and consumption of pasta are increasing across the world. Consumers of different nations prepare pasta dishes according to the local tastes, with the locally available ingredients. According to the findings of the latest study, the global pasta market is expected to grow with increasing disposable income, rapid urbanization, increasing number of working professionals and increasing demand for convenience food. Market Research Hub (MRH) has publicized a study titled “Global Pasta Market (Dried, Chilled & Canned): Industry Analysis & Outlook (2018-2022)” to its mega-repository, which provides forecast and analysis of the pasta market on the global level. In addition, the report aims to provide information on the drivers and restraints of the global pasta market and their impact on each region during the forecast period of 2018-2022.
One of the prime reason behind the demand for pasta is its healthy nutritional properties. Pasta is considered as a healthy food being relatively low in fat, high in carbohydrate, and having good protein content. The study begins with an executive summary that shares key information of the report such as revenue, market value, share size as well as forecasted CAGR from 2018 to 2022. For a clear understanding, the study offers market overview on the basis of type and region. By type, the study covers dried pasta, chilled/fresh pasta, and canned/preserved pasta.
At present, Key trends encouraging growth of this market includes increasing preference of gluten-free pasta, technological advancements, use of natural additives and the launch of new pasta products. It has been clearly stated in the study that various strategies adopted by key market players such as international expansion and launch of new pasta products are being adopted to increase the outreach of their products and strengthening of their product portfolios.
This report discusses the major growth drivers, key trends & developments and challenges of the market covering the Americas and Western Europe regions. In the present time, US region emerges out as a major revenue contributor to the global pasta market. Since pasta is considered to be a convenient and healthy product for majority of the US populace, the demand for pasta would continue to accelerate in the U.S. in the coming years as well.
The last part of the report comprises the competition landscape, which features important players operating in the global pasta market and contains important information about these companies. At present, key players dominant in the market include Barilla S.p.A., Nissin Foods Holdings Co Ltd, Nestlé S.A., and Ebro Foods SA.
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