The pasta market is growing thanks to export
With a growth forecast characterized by a CAGR of 3.6% in the period 2020-2024 and an estimate of 597,659 million euros, the world pasta market confirms the trend of the period 2014-2019 that stood at 3.3% for a total value of 518,895 million euros.
Africa leads the positive trend, with +6%, followed by Asia, with 3.3% and America at +0.7%, while European markets hold, albeit slightly down, - 0.1% and the Italian market with a more significant – 1.6%.
Source: IPACK IMA Business Monitor in collaboration with MECS
Interestingly, the countertrend data for a specific segment of the 100% Italian pasta market, which since 2019 has shown a growing trend in volumes around 13%, which, when translated into values, stands at +28.5%. A market share growing at 20% in the first half of 2020, strongly supported by the positive trend of exports to the foreign market, as confirmed by the data and trends mentioned.
Source: The Sole24ore