Pasta Global Revenue:
The global revenue of pasta is $113,549 million US dollars in 2020 and expected to be $129,910 million dollars in 2025. The global revenue of pasta is steadily increasing within the years however, it is growing a bit slow. The pasta market’s CAGR is expected to grow annually by 2.7% between 2020 and 2025.
Global Revenue Growth:
The total revenue growth in 2020 is 14.23% and the revenue growth in 2025 is 4.5%. The percentage in 2025 decreases by .7% from 5.1% in 2024. Currently, China generates the most revenue for pasta and noodles ($24,224 million USD) in 2020. The pasta market seems to be a fairly stable market with little growth.
Global Average Price Per Capita:
For every capita globally, the total pasta spent equals to $15.26 US dollars in 2020 and will increase to $16.68 in 2025. The total amount of money spent on pasta is not much because pasta is sold very cheaply at grocery stores. For example, a box of general pasta doesn’t cost more than $2. It can be as cheap as $.99 cents.
Global Price Per Unit:
The price of pasta globally is increasing slightly but looks like it will not continue to grow after 2025. It might even out or fluctuate higher or lower depending on the market. The average price of pasta per unit in kg is $2.13 US dollars in 2020 and $2.24 in 2025. On average per capita, the consumption of pasta is currently at 7.2kg in 2020.
The total revenue generated in 2020 for USA is $8,991 million USD and $9,208 million USD in 2025. The pasta revenue is slowly increasing in the United States throughout the years and possibly will continue to increase at a slow rate. The annual CAGR is expected to grow by 0.5% between 2020 and 2025 in which is very slow. It may or may not continue to grow in the long run.
US Revenue Growth:
The revenue growth of pasta in the United States is dropping in correlation with the global growth trend. In the year 2020, the expected growth is 12.8% but shows a decline of 15.5% resulting in a declining -2.7% of revenue in 2025. In 2025, the revenue growth is expected to be 2.4%, in which increased by a little bit.
US Average Price Per Capita:
In 2020, the average price per capita spent on pasta and noodles are $27.16 USD. It is higher in 2020 than other years because every household buys pasta to store in their kitchen due to the Covid-19 pandemic. It declines for a bit but recovers again in 2025 at $27.05. Overall, the pasta market shows a steady increase over the years but may still have small unexpected drops.
In the United States, pasta can include fresh and dried pasta and noodles made from cereals that are usually used and consumed as part of a main meal such as breakfast. Italian pasta has always been a strong export over the years. About 58% of its production has reached globally around 200 countries. The United States, being the most popular and important destination, and Canada represents about 10% of the exports of pasta in terms of volume. Overall, sales have increased by 85% in the last ten years and 8.7% in 2018.
Pasta can be made by using whole grain, durum wheat semolina, and gluten-free. In present day, organic pasta continues to be greatly appreciated and constantly in high demand.
Italy: US $3 billion China: $929.9 million South Korea: $612.1 million Turkey: $607.1 million Thailand: $547.4 million United States: $349.7 million Belgium: $320.2 million Germany: $284.9 million Netherlands: $267.4 million Austria: $229.9 million Vietnam: $226.4 million France: $217.9 million Indonesia: $197 million Spain: $166.1 million Saudi Arabia: $163.8 million
United States: $892 million Germany: $742 million France: $646 million United Kingdom: $543 million Canada: $375 million Japan: $310 million Netherlands: $299 million Hong Kong: $297 million China: $245 million Belgium-Luxembourg: $224 million Australia: $219 million Spain: $190 million South Korea: $151 million Venezuela: $149 million Malaysia: $142 million
Some of the Popular Pasta Brands: · Barilla · Respective Store Brands · Mueller’s · Ronzoni · Creamette · Buitoni · American Beauty · Skinner · San Giorgio · No Yolks
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