Pasta and Couscous Market, By Product Form (Dried, Fresh/Chilled, Others), By Product Type (Pasta (Ravioli, Macroni, Angel Hair, Spaghetti, Farfalle, Fusilli, Penne, Others)

Pasta is a convenient and filling meal made from flour and other grain which is then formed into different shapes and cooked by boiling. It is associated with the Italian dishes and contains a high amount of gluten, a type of elastic-plastic. Some of the popular pasta are ravioli, macaroni, angel hair, spaghetti, farfalle, fusilli, and penne. Couscous is prepared from crushed durum wheat (semolina) and is native to North Africa. It is easy to cook and is one of most versatile ingredient which can be used as side-dishes in many classics recipes. Couscous is a healthy ingredient as it has antioxidants property which helps to fight with inflammation inside the body and also control the level of cholesterol.

The global pasta & couscous market is projected to reach around US$ 44.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.8% during the forecast period (2019-2027).

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Drivers

Increasing income of the middle-class group and changing lifestyle is expected to augment the market growth of pasta & couscous. Due to change in food consumption patterns is raising the demand for convenient food and this is expected to foster the market growth of pasta & couscous. Also easy availability of raw materials such as wheat, barley, rice, maize, etc. that are widely grown in almost all the parts of the world are further projected to foster the market growth of pasta & couscous.

Growing demand for gluten-free pasta with high protein content among consumer is expected to augment the market growth of pasta & couscous. For instance, in July 2016, Waitrose launched two new gluten-free fusilli protein-rich pasta and red chili pasta made entirely from green peas and red lentils. The packaging for these products is partly made from food waste, making it 100% recyclable and there is no need for an inner sleeve to keep the contents separate from the inside of the box/container.

On basis of the region, Europe region dominated the global pasta & couscous market in 2018, accounting for 41.3% share in terms of volume, followed by North America and Latin America respectively.

Pasta & Couscous | Coherent Market Insights

Market Restraints

Intense competition from private labels that are similar to staple and ready-to-cook food products is projected to restrict the market growth of pasta & couscous. Private labels are good quality products with enhanced regional taste and flavors, at cheaper prices than that of branded pasta makers is projected to restrict the market growth of pasta & couscous over the forecast period.

Lack of awareness regarding couscous as a nutritional staple in Africa is expected to hinder the market growth of pasta & couscous.

Moreover, less awareness and fewer product innovations, awareness of couscous products is relatively low and this is acting as a major restraint across the various region especially in North America, Europe, and other major geographies.

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Market Opportunities

Increasing launch of healthy and premium product offering due to rising health consciousness among people is estimated to offer potential growth opportunity to the market of pasta & couscous. For instance, in September 2016, Godrej Group's, Nature's Basket unit announced launch of a new Healthy Alternatives' brand that includes products such as organic grains and gluten-free pasta's. These will be marketed as its high-end premium food offerings. Hence, rising demand for premium pasta & couscous is expected to propel the market growth.

Key players are focusing on product innovations especially in kids segment in order to increase pasta sales through the introduction of innovative packaging and product designs are projected to offer enormous growth opportunity to the market of pasta & couscous. For instance, in July 2016 for instance, Kraft Heinz launched children's pasta shapes and sauces. This new range of pasta includes pasta in the shape of children's favorite characters such as Batman, Superman, Wonder Women, Teenage Mutant Ninja Turtles, and Peppa Pig and friends etc.

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This release was published on openPR.