The
staple food of Italy and North Africa’s popular appetizer,
together, are spanning the globe for being affordable, tasty and
healthy as well. There’s no denying that pasta and couscous will
continue to be in demand for their easy-to-make preparatory approach
and their status as flavorsome culinary delicacies. A latest study
published by Persistence Market Research projects that the global
market for pasta & couscous, which is presently estimated at US$
29.5 billion, will soar at 3.7% CAGR to bring in a little over US$ 42
billion in revenues by the end of 2026.
According
to the report, titled “Pasta
& Couscous Market: Global Industry Analysis and Forecast,
2016-2026,” the global demand for pasta & couscous will grow
moderately as global consumers continue to be less aware about
couscous’ nutritional content. Fluctuating prices of raw materials
used for making pastas is also a key deterrent revealed in the
report. The most significant factor restraining the growth of global
pasta & couscous market is volatile competition imposed by other
noodle-based and rice-based staple food products. Canned or preserved
pasta, despite being affordable, will also see dip in its global
sales, owing to the health concerns arising from speculated product
analysis.
How
the World Likes its Pasta & Couscous
When
it comes down to buying pasta or couscous, a majority of people in
the world prefer dried and fresh/chilled products. In 2017 and
beyond, one out of every two products sold in the global pasta &
couscous market will be a dried product. Fresh or chilled pasta &
couscous products will also gain traction, accounting for one-third
of global revenues through 2026. Key findings in the report indicate
higher demand for macaroni, fusilli and penne pastas, while global
spaghetti revenues will showcase growth at 3.1% CAGR.
Download
exclusive Sample of this report:
https://www.persistencemarketresearch.com/samples/10990
On
the other hand, global consumption of whole grain couscous products
will continue to outpace that of traditional couscous. Comparatively,
people from around the world will prefer being served with pasta,
while revenues emanating from global couscous sales will account for
about one-fourth of global pasta & couscous revenues by the end
of 2026.
Highest
Demand for Multigrain Pasta & Couscous
With
respect to raw materials used for commercial-scale production of
pasta & couscous products, the report reveals surging demand for
multigrain ingredients. By the end of 2026, revenues amassed from
sales of multigrain pasta & couscous are anticipated to rise at
3.9% CAGR. Raw materials such as 100% durum wheat, 100% wheat, and
mix (durum & wheat) ingredients will also garner high demands in
the future. Consumption of maize as raw material for production of
pasta & couscous will, however, be the lowest.
Additional
highlights of the research report:
- In 2016, North America’s pasta & couscous market accounted for a little less than 25% of global market value
- Supermarkets & hypermarkets will be the largest distributors of pasta & couscous in the world, followed by unorganized small retail stores
- Revenues from online sales of pasta & couscous will grow at a modest CAGR of 2.8%
- With pasta being one of the prominent staple foods in this region, Europe will be the world’s largest market for pasta & couscous
- Asia Pacific’s pasta & couscous revenues are also expected to surge rapidly, registering growth 3.8% value CAGR
Leading
Manufacturers of Pasta & Couscous Products
European
foodmakers such as Valeo Foods Group Limited, Pasta Foods Ltd.,
Pastificio Antonio Pallante S.R.L., Ebro Foods SA, and Nestle SA are
some of the prominent producers of pasta in the world. Moreover,
companies such as The Hain Celestial Group, US Durum Products Ltd.,
Regina Pasta & Food Industries, ITC Foods Limited, and Weikfield
Foods Pvt. Ltd. are also recognized for predominantly partaking in
global production of pasta & couscous.
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