India Development News & Foreign Investment Opportunities

Pasta market set to grow US$453 million by 2024

Pasta market set to grow US$453 million by 2024

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Food demand from rapid urbanization

 

NestleIndia.
Nestlé Samalkha Haryana Factory.

 

India’s pasta market is projected to grow at a CAGR of around 17% to reach US$453 million by 2024 on account of increasing awareness about health benefits of pasta as it is made of semolina durum wheat and not from refined flour.

It was over US$178 million in 2017, said ResearchAndMarkets, listing out prospects in its latest report “India Pasta Market” on 8 Feb 2019.

Moreover, with rising disposable income and rapid urbanization, Indian customers are showing inclination towards ready-to-eat and ready-to-cook food products, which is further positively influencing India pasta market.

Additionally, innovative marketing and promotional strategies by pasta manufacturers are anticipated to drive India chocolate market through 2023.

India Pasta Market, 2013-2023 discusses the following aspects of Pasta market in India:

Pasta Market Size, Share & Forecast;
Segmental Analysis-By Product Type (Ready-to-Cook and Ready-to-Eat), By Shape Type (Macaroni, Penne, Fusilli and Others), By Distribution Channel (Store Based and E-Commerce);
Competitive Analysis;
Changing Market Trends & Emerging Opportunities.

Some of the major players operating in India pasta market are:

Bambino Agro Industries Limited;
Nestle India Limited;
FieldFresh Foods Private Limited;
ITC Limited;
Savorit Limited;
MTR Foods Pvt Ltd;
Borges India Private Limited;
Weikfield Products Co. (India) Pvt Ltd;
Nilon’s Enterprises Private Limited;
Gustora Foods Pvt Ltd;
EBRO India Private Limited.
-/fiinews.com

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