The global pasta market size reached a value of US$ 13 Billion in 2018. By 2024, the market value is projected to reach US$ 16 Billion, at a projected CAGR of 1.4% during 2019-2024. As per the analysis by IMARC Group, the top pasta companies are introducing new and healthier variants of pasta in the emerging and potential markets across developing countries, thereby catering to the changing food preferences along with the rising health concerns of the consumers. Moreover, the key manufacturers are also modifying their existing strategies in order to increase the market share of their pasta products and escalate the product penetration in several retail channels, such as hypermarkets, supermarkets, and grocery stores. Additionally, the pasta companies are also experimenting with various new ingredients ranging from rice flour/chickpea flour to carrot, spinach, beetroot, and several other spices or herbs in order to enhance color and flavor in pasta. In addition to this, the launch of innovative pasta variants, including gluten-free, organic, and vegan pasta to attract health-conscious consumers, will continue to bolster the product demand in the upcoming years.
Headquarter: Parma, Italy
Barilla Holding, an Italian family-owned company with 140 years of experience, manufactures and markets pasta products, such as spaghetti, farfalle, elbows, penne, along with readymade sauces, bread, biscuits, cookies, cakes, and other bakery products. These products are sold under several brands, including Barilla, Voiello, Pavesi, Mulino Bianco, Misko, Casa Barilla, Filiz, Gran Cereale, and Pan de Stelle, among several others. In 2018, the annual turnover of the company accounted for US$ 3.8 Billion, with around 8,427 employees working across 100 countries worldwide.
Headquarter: Vevey, Switzerland
Nestle is a global food and beverage company that manufactures ready-to-eat food items, breakfast cereals, chocolates and confectionary, milk products, and cooking aids, etc. The company markets its products under 2000 diversified brands, including Nescafé, Purina pet food, Haagen-Dazs ice cream, Kit-Kat chocolates, DiGiorno pizza, Maggi, Perrier, and others. Various pasta products, such as Masala Penne, Cheese Macaroni, Mushroom Penne, and Tomato Twist, are marketed under the company’s brand, Maggi Pazzta. The company, with net sales of US$ 94.1 Billion in 2018, employs over 308,000 staff and holds operations across 190 countries worldwide.
Headquarter: Fara San Martino, Italy
De Cecco is an Italian producer of pasta products, se including semolina pasta, egg pasta, special pasta, whole wheat pasta products, and other organic products. The company also manufactures flours, rice, potato gnocchi, extra virgin oil, vinegar, bakery products, and pasta sauces. These products are marketed under several brands, including 7 Cereali, Integrale, Bio Farro, Classico, Cous Cous, Farina, and Semola, among others.
Headquarter: Moscow, Russia
MAFKA is a Russian pasta manufacturer with over 80 years of experience in the industry. Besides pasta products, the company also manufactures cereals, flakes, flour, etc. These products are majorly marketed under several brands, including MAFKA Bronze Die, Livingood, Buckwheat, Flakes, Wheat Flakes, and Horeca, among others. The company operates in about 26 countries, including CIS, Europe, America and Southeast Asia.
Campbell Soup Company
Headquarter: New Jersey, United States
Campbell Soup Company is a food company providing a wide range of high-quality soups and simple meals, canned pasta, beverages, and snacks. These products are marketed under several brands, including Campbell’s, Pacific Foods, Cape Cod, Farmhouse, Goldfish, Spaghettis, Plum Organics, Lance, and Milano, among several others. The annual sales of the company in 2018 were reported to be around US$ 8.7 Billion, with approximately 23,000 employees working across 160 countries worldwide.
Armanino Foods of Distinction, Inc.
Headquarter: California, United States
Armanino Foods provides a wide range of frozen pestos, sauces, pasta products, and spreads for various food service providers and food manufacturers. The frozen pasta portfolio of the company includes Beef Ravioli, Cheese Tortellini, Tricolor Cheese Tortellini, and Four Cheese Ravioli, among others. The annual sales of the company reported in 2018 were about US$ 10.6 Million.
Treehouse Foods, Inc.
Headquarter: Illinois, United States
Treehouse Foods, Inc. is a manufacturer and distributor of packaged foods and beverages for retail grocery, foodservice, and industrial customers. The company offers a variety of baked goods, beverages, and meal solutions, including pasta, cheese, macaroni, dressings, and hot cereal, etc. It also deals with natural and organic products in about 26 product categories. In 2018, the company’s annual turnover was about US$ 1.5 Billion, with over 40 production facilities located across the United States, Canada, and Italy.
Conagra Brands, Inc.
Headquarter: Chicago, United States
Conagra Brands, a part of Delaware Corporation, is a North American producer of frozen and packaged foods that are extensively marketed across the United States, involving Wal-Mart stores. The company sells its products under several brands, including Birds Eye, Duncan Hines, Healthy Choice, Marie Callender's, Reddi-Wip, and Slim Jim, among many more. The company, with a total revenue of US$ 11 Billion and employee strength of 18,000 staffs, holds about 50 manufacturing facilities in New England, Mexico, India, Midwest, and Sunbelt regions of the US as well as in Canada.
General Mills, Inc.
Headquarter: Minnesota, United States
General Mills is the producer of consumer-packaged products, including baking products, cereals, ice cream, frozen and ready-to-eat meals, pasta, pizza, soup, and yogurt, etc. These products are marketed under several brands, including Betty Crocker, Gold Medal, Pillsbury, Annie’s, Latina Fresh, and Yoplait, among others. In 2018, the net sales of the company were reported at US$ 15.7 Billion, with over 40,000 employees and a global presence across 130 countries.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global pasta industry, which has enabled clients to set up and expand their businesses successfully.