Positive trend for the pasta world
Global pasta production in 2021 was 109 billion euros, with a growth trend expected to reach 130 billion by 2024, a CAGR of 5.8%.
Looking at consumption worldwide in 2021, this is a market worth 130 billion euros with growth forecasts that will reach 139 billion euros by 2024 and a CAGR of + 2.2%.
On the Italian market, again in 2021, the total value of production will stand at 9.7 billion euros; a figure that represents 8.9% of the world total, with growth prospects that show a CAGR of +3.7% by 2024, equal to 10.9 billion.
Looking at a broader sector, "Pasta, Bakery & Milling", globally we see a 2021 with production values of €1,132 billion and growth forecasts that will reach €1,321 billion by 2024 with a CAGR of +5.3%.
Looking at technology, in 2021, process machinery recorded a total turnover of €8.1 billion, with growth prospects that see the CAGR at +6.4% by 2024; packaging machinery, on the other hand, will grow at an average annual rate of 2.5%, from €4 billion to €4.3 billion between 2021 and 2024.