Alternative cereals on the rise and substantial stability in pasta consumption in the period 2020-2024.
Pasta and alternative raw materials markets produce positive results with a CAGR of + 3.2% in the 2020-2024 period for a total value of 110,303 million euros expected for 2024 for pasta and a + 5.2% quantified in 171,400 million euros for alternative cereals in the same period.
Looking in details on international markets, alternative cereals show positive and growing values in Italy, Europe and in the American continent, while for pasta the performances are less significant. The Italian market is expected to grow at + 1.5% for alternative cereals, with an estimated value for 2024 of 1,473 million euros, while pasta sees a decline with a CAGR of - 1.6% that means a turnover of 3,958 million euro.
Shifting attention to the European market, alternative cereals express important values in terms of market growth, at + 3.0% and turnover, expected in 2024, at 37,894 million euros, while pasta sees a CAGR slightly down to - 0.1% with 18,652 million.
In conclusion, the two markets growth is limited but consistent, with + 0.7% for pasta and + 1.4% for alternative cereals, which obtain the best performance in the 2020-2024 period with 25,872 million euros against 18,278 planned for pasta in 2024.
Source: Ipack Ima Business Monitor in cooperation with Mecs