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Pharmacy benefit management market
Fresh Pasta Market REPORT OVERVIEW
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The global fresh pasta market size was in USD 1405.4 million 2021. As per our research, the fresh pasta market is expected to reach USD 1712.1 million by 2027, exhibiting a CAGR of 3.34% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The fresh pasta market represents a distinct sector within the food industry, focusing on the creation and sale of pasta items crafted from fresh components, as opposed to their dried or packaged counterparts. Fresh pasta is renowned for its tender consistency, reduced cooking duration, and frequently superior flavor when contrasted with dried pasta. It encompasses pasta varieties fashioned from basic elements like flour, eggs, and water, with production typically conducted in small batches employing traditional techniques, frequently involving the expertise of skilled artisans.
"COVID-19 Impact: Home Cooking Surge among Population to Fuel Market Growth "
Due to lockdowns and restrictions, a significant number of individuals embraced home cooking as a means to occupy their time and lower their potential exposure to the virus. Consequently, there was a surge in the demand for fresh pasta products as consumers actively looked for convenient and top-notch meal options. The fresh pasta industry, similar to numerous other food sectors, encountered disruptions in its supply chain. These interruptions impacted the accessibility of ingredients, packaging materials, and even the distribution of fresh pasta items.
LATEST TRENDS
"Health and Wellness Focus, and Innovative Flavors and Ingredients to Fuel Market Growth "
The Health and Wellness Focus trend observed in the fresh pasta market is indicative of an increasing consumer inclination toward pasta options that are not only healthier but also more nutritionally well-rounded. This trend mirrors evolving dietary preferences, with consumers expressing a desire for pasta products that better align with a health-conscious lifestyle. Consumers were actively searching for fresh pasta crafted from unconventional flours, such as whole wheat, whole grain, spelt, quinoa, chickpea, and lentil flours. These flours garnered favor due to their perception as healthier alternatives, boasting higher fiber, protein, and essential nutrient content when compared to the more traditional refined wheat flour. Fresh pasta manufacturers were engaging in creative exploration by infusing distinctive flavors and ingredients into their products, including herbs, spices, and even superfoods like spirulina and turmeric. This innovation aimed to craft intriguing and delectable pasta choices that captivated consumers' palates.
Fresh Pasta Market SEGMENTATION
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- By Type
Based on Type fresh pasta market is classified as Long Style Pasta, Short Style Pasta and Filled Style Pasta.
- By Application
Based on Application fresh pasta market is classified as Residential, Restaurant, and Others).
DRIVING FACTORS
"Changing Consumer Preferences to Fuel Market Growth "
The fresh pasta market growth experienced due to the shift in consumer preferences toward healthier, fresher, and more authentic food choices. Fresh pasta, renowned for its quality and flavor, was well-positioned to capitalize on this changing consumer landscape.
"Convenience to Stimulate Market Progress"
The rise in demand for convenient meal solutions driven by the fast-paced modern lifestyle made fresh pasta an appealing option for busy individuals and families, thanks to its shorter cooking time and straightforward preparation.
RESTRAINING FACTORS
"Competition from Dried Pasta to Harm Market Growth "
Fresh pasta encounters competition from dried pasta, which is readily accessible, boasts an extended shelf life, and tends to be more budget-friendly. Encouraging consumers to opt for fresh pasta instead of dried options can be a formidable task.
Fresh Pasta Market REGIONAL INSIGHTS
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"Europe is employing time-honored recipes and methods to Drive Market Share "
Europe, specifically Italy, the homeland of pasta, boasts a market where fresh pasta holds a dominant fresh pasta market share, serving as a cornerstone of Italian cuisine. Within Italy, fresh pasta is frequently crafted by hand, employing time-honored recipes and methods, offering an extensive array of shapes and fillings, including ravioli and tortellini. The Italian market is renowned for its robust appetite for top-tier, artisanal fresh pasta products, with regional specialties like orecchiette in Puglia and trofie in Liguria held in high esteem.
KEY INDUSTRY PLAYERS
"Multitude of companies that played a pivotal role in expansion of fresh pasta "
In the fresh pasta market, there are several notable industry leaders. Barilla, one of the largest pasta manufacturers globally, stands out for its comprehensive selection of fresh pasta products, complementing its extensive line of dried pasta. Barilla is renowned for its commitment to delivering top-quality pasta and sauces.
List of Market Players Profiled
- Pastificio Gaetarelli (Italy)
- Lilly's Fresh Pasta (U.S.)
- Waitrose (U.K.)
- SpaghettoFactory (U.S.)
- Voltan SpA (Italy)
REPORT COVERAGE
The future demand for the fresh pasta market is covered in this study. The Research report includes the Home Cooking Surge due to the Covid-19 Impact. The report covers the latest trends in Health and Wellness Focus. The paper includes a segmentation of the fresh pasta market. The research paper includes the driving factors that are Changing Consumer Preferences to Fuel Market Growth. The report also covers information on Regional Insights where the region which has emerged leading market for fresh pasta.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1405.4 Million in 2021 |
Market Size Value By |
US$ 1712.1 Million by 2027 |
Growth Rate |
CAGR of 3.34% from 2021 to 2027 |
Forecast Period |
2021-2027 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the fresh pasta market expected to touch by 2027?
The global fresh pasta market size is expected to reach USD 1712.1 million by 2027.
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What CAGR is the global fresh pasta market expected to exhibit by 2027?
The global fresh pasta market is expected to exhibit a CAGR of 3.34% by 2027.
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Which are the driving factors of the fresh pasta market?
The driving factors of the fresh pasta market are Changing Consumer Preferences, and Convenience.
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Which are the key players or most dominating companies functioning in the fresh pasta market?
Pastificio Gaetarelli, Lilly's Fresh Pasta, Waitrose, SpaghettoFactory, and Voltan SpA are the key players or most dominating companies functioning in the fresh pasta market.