A
wide range of new pasta variants launched in the past few years and
the increasing number of distribution channels such as supermarkets,
hypermarkets, and departmental stores are driving the global pasta
market, states a new report by Transparency
Market Research (TMR). The report is titled, ‘Pasta Market - Global
Industry Analysis, Market Size, Share, Trends, Analysis, Growth and
Forecast 2016 – 2024.’ The report is a comprehensive analysis of
the market. It assesses the market size by making use of historical
data, current state, and qualitative insights. The future projections
regarding the market size and key segments have been established
using proven research methodologies that are verifiable.
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The
changing lifestyle and urbanization of people worldwide are the
driving forces behind the popularity and demand of pasta. The entry
of various new global players in the market and with it, the launch
of several new and healthier varieties of pasta is intensifying the
growth of the market. Pasta is particularly in demand from the
children population. Long shelf life and ease of cooking are other
factors that make pasta appealing to the urban population and people
with busy lifestyle.
TMR
analysts have observed that players in the global pasta market are
focusing on manufacturing gluten-free, and healthy pastas, which are
low on carbohydrates. This is expected to further propel the demand
for pasta in the coming years. Players are also making use of natural
additives keeping in mind the growing affinity among consumers for
all things natural. The trend of organic pasta is soon catching up
among the health conscious consumers across the globe, which will
compel players to focus on manufacturing organic variant of pasta.
The
global
pasta market is segmented on the basis of type into macaroni,
spaghetti, and noodles. It can also be segmented into fresh and dried
pasta. On the basis of geography, the market is segmented into North
America, Asia Pacific, Europe, and the Rest of the World.
The
report profiles key manufacturers in the pasta industry. They are
American Italian Pasta Company, Barilla Holding S.p.A Archer Daniels
Midland Company, Armanino Foods of Distinction Inc., ConAgra Foods,
Inc., Nissin Foods Holdings Co., Ltd., Campbell Soup Company, Sbarro,
Inc., Fiori-Bruna Pasta Products, Inc., General Mills, and Strom
Products Ltd. The recent developments, information about mergers and
acquisitions, and the strategies adopted by each of the companies
have been included. The business and financial overview of each of
the companies are also given. This detailed information on key
players is expected to help new entrants and existing ones alike, to
correctly invest in the market, so as to earn maximum profits.
