The global canned pasta market size is expected to reach a valuation of USD 1,282.6 million by 2023. It is projected to accelerate at a CAGR of 4.7% during 2023 to 2033. The market is set to reach a valuation of USD 1,993 million by the end of 2033.
| Attributes | Key Statistics |
|---|---|
| Canned Pasta Market Estimated Size (2023E) | USD 1,282.6 million |
| Projected Market Valuation (2033F) | USD 1,993 million |
| Value-based CAGR (2023 to 2033) | 4.7% |
| Collective Value Share: Top 3 Countries | 46.3% |
According to FMI, the increasing adoption of mobile phones and social media platforms enables consumers to access information regarding various products. They are also able to share information regarding the benefits of the products offered. An increasing number of hypermarkets or supermarkets and online retail services fuel canned pasta sales in Asia, especially in China and India. Rising sales through e-commerce websites have increased product penetration in the North America and Europe canned pasta markets.
Conventional shopping is also being used to purchase canned pasta. Still, factors such as busy life schedules, high demand for convenient food products, and ease of purchasing are leading to increasing online sales. Through e-commerce websites, consumers have the choice of a wide range of products and easy shopping. Thus, growing use of the internet is expected to contribute to increasing demand in the canned pasta market over the forecast period.
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Growing popularity of canned pasta among gen-z and millennials is expected to drive the global canned pasta market forward, which has historically grown at a modest rate of around 3.8%. Millennials are more likely to consume snacks with family and friends in a more social & experiential setting. Young consumers, particularly millennials (aged 23 to 40), are at the vanguard of the snacking revolution, with one in every four now reporting that they snack 4+ times per day, compared to 10% of Generation X (Age 41 to 52) and baby boomers (age 53 to 71).
Millennials are pushing the industry with what's trendy, tying their interest in snacks to other values like high demand for label-friendly and organic products and less-processed meals. They also love adventure in both food & activities, so they seek new and unique things such as canned pasta. Thus, the canned pasta market is anticipated to be worth USD 1,906.1 million by 2033 and grow at a CAGR of 4.7% from 2023 to 2033.
High Demand for Snacks Made from Whole Grains
Though millennials are ahead of the curve, adult consumers across generations are seeking an appropriate diet to help them lose or maintain weight. They are increasingly believing that snacking or smaller meals is a better approach. Although there is conflicting evidence about whether eating small meals is truly a helpful weight maintenance tool, experts do agree that the quality of snacks like the ones with whole grains as ingredients is important. According to research, nutrient-poor snacks may be associated with a high body mass index (BMI) and health-promoting snacks that improve nutrient content are being recommended to adults, thereby making a notable trend in the food industry. These factors are projected to push the global canned pasta market in the evaluation period.
Principal Consultant
Surging Gluten-free Trend in the United States to Fuel Sales of Pasta with Canned Tomatoes
According to FMI, an increasing number of gluten-free items have appeared on supermarket shelves and are been promoted directly to customers through the internet. Many leading food firms in the United States canned pasta market are providing gluten-free items and promoting gluten-free alternatives such as snacks & pasta made from grains other than wheat such as oats and rice.
Some smaller niche businesses in the United States are specializing in gluten-free items that also fit into the ever-expanding vegan and vegetarian markets. Consumer awareness regarding gluten-free certified food items is growing as a result of various programs and trade fairs hosted by key businesses, NGOs, and government organizations. Furthermore, customers regard gluten-free accreditation as a confirmation of the product's authenticity and nutrition, which would push growth in the United States canned pasta market.
Availability of Spaghetti with Canned Clams in Germany to Spur Growth
Consumers in Germany are becoming increasingly interested in food items that are straightforward and have few or no artificial components. Thus, manufacturers in the canned pasta market are reviewing & updating their product offerings, looking for ways to substitute or eliminate ingredients that have undesirable effects or health disadvantages on consumers, and making them more appealing with less expensive but effective ingredients in Germany.
To avoid product rejection, producers should eliminate unpleasant components such as artificial flavors, GMOs, sweeteners, preservatives, and packaging created with bisphenol A (BPA). Manufacturers who have eliminated or substituted such substances are also mentioning this in their marketing campaigns to attract the attention of customers.
Rising Number of On-the-go Indian Consumers May Propel Sales of Tinned Spaghetti
Hectic schedules are increasing snack intake and preference for on-the-go munchies in India. Snack manufacturers will need to explore new ingredient combinations and make snacks that are appealing to mobile consumers. It may be fascinating for ingredient providers to offer an additional variety of grains, as well as pulses and oilseeds, to make it more appealing.
Lifestyles of the majority of Indian families residing in urban areas are becoming increasingly hectic. People are taking less time to sit down for a meal in general. According to numerous research studies, over a quarter of customers have breakfast in less than 5 minutes during the week. This increases the desire for on-the-go & convenience meals and effective product positioning may quickly improve sales in the India canned pasta market.
Demand for Canned Spaghetti to Grow in the Upcoming Decade
According to FMI, the spaghetti segment accounted for a significant share of the global canned pasta market, but the rotini & twists segment is expected to witness a steady growth rate during the forecast period. High demand for vegan or vegetarian diets among millennials across the globe is likely to boost the demand for spaghetti.
High Demand for Gluten-free Pasta to Boost the Need for Oats
On the basis of source, wheat-based canned pasta is expected to dominate the global canned pasta market but oat-based canned pasta is anticipated to witness a lucrative growth rate over the forecast period. Over the next ten years, consumer preference for gluten-free canned pasta is likely to rise significantly. Food & beverage manufacturers and suppliers are thus tailoring their product offerings to meet high customer demand by providing oat-based canned pasta.
Consumers to Purchase Tinned Pasta from Online Retail Stores
According to FMI, the hypermarkets/supermarkets segment is expected to dominate the global canned pasta market. However, sales of canned pasta through online retail stores are expected to grow at a rapid pace over the forecast period with availability of various options and cash on delivery features.
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Popularity of canned food throughout the world has pushed producers to seek innovative ways to stay in the industry. As a result of the increasing demand for canned pasta in Germany, as well as continuous challenges of sustaining supply across all parts of the trade, many companies in the canned pasta market have expanded their loading capacity and added extra working hours to make more deliveries to their retail and wholesale customers.
For instance,
Affordable Canned Pasta May Get Pasta Foods and General Mills New Consumers Worldwide
Pasta Foods is the United Kingdom's only dry pasta company, with 60 years of expertise, servicing a wide range of food industries, including canned products, salads, quick, ready meals, restaurant, and wholesale clients. The firm offers a variety of pasta forms, all of which are prepared from high-quality 100% durum wheat.
To guarantee that it can resist all kind of industrial cooking methods, the pasta is created particularly for the food processing industry. The company is prepared to manage difficult development tasks. The NPD Pilot Plant, along with its robust innovation pipeline and experience in pasta production, enables Pasta Foods to explore new concepts with agility and accuracy.
Since pasta was created specifically for the food processing industry, clients are guaranteed to obtain the best possible product. It has been demonstrated that pasta can resist all commercial production cooking procedures, including canning, cook/chill, retorting, and freezing. It is used in some of the most well-known brands in the United Kingdom and across the world. The company is selling canned pasta in a wide variety of flavors, including Quick Cook Buccatini, small thick rings, tubes, Fagioli Macaroni, and shells. For instance, in March 2019, Pasta Foods installed a new state-of-the-art production line in its Norwich facility to help cope with expected rising demand caused by Brexit.
General Mills, Inc., on the other hand, is a multinational American company that produces and markets branded consumer goods for sale in retail establishments. The company has always been at the forefront of serving with purpose, right from its founding in a Minneapolis flour mill in 1866.
By enhancing the diversity, nutrient density, affordability, and accessibility of goods, the firm is dedicated to putting people first. For the past 155 years, the company has provided food to well-known brands, including Cheerios, Pillsbury, and Häagen-Dazs.
In May 2022, General Mills disclosed that it will pay Eagle Family Foods Group USD 610 Million for the operations of Hamburger Helper and Suddenly Salad. It is anticipated that this sale will conclude later this year. Similarly, in May 2022, Peak Rock Capital's supplier of frozen pizza crusts, TNT Crust, was acquired by General Mills.
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | USD 1,282.6 million |
| Projected Market Valuation (2032) | USD 1,993 million |
| Value-based CAGR (2022 to 2032) | 4.7% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD million) and Volume (MT) |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Product Type, Source, Distribution Channel, and Region |
| Key Companies Profiled | KIRIL MISCHEFF Group; Pasta Foods Ltd.; Primo Foods; General Mills Inc.; Conagra Brands; Campbell Soup Company; Grown Food LLC; Julia’s Farm; Others |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The canned pasta market CAGR for 2032 is 4.7%.
The market is estimated to reach USD 1,993 million by 2032.
Nestle, Barilla, and Campbell Soup Company are key market players.
The retail industry is the key consumer of the canned pasta market.
North America holds a significant share of the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Spaghetti 5.2. Fettuccine/Linguine 5.3. Angel Hair 5.4. Elbows 5.5. Rotini & Twists 5.6. Penne & Ziti 5.7. Bow Ties 5.8. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 6.1. Wheat 6.2. Rice 6.3. Buckwheat 6.4. Oats 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Hypermarkets/Supermarkets 7.2. Convenience Stores 7.3. Departmental Stores 7.4. Traditional Grocery Stores 7.5. Online Retail Stores 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. KIRIL MISCHEFF Group 18.2. Pasta Foods Ltd. 18.3. Primo Foods 18.4. General Mills Inc. 18.5. Conagra Brands 18.6. Campbell Soup Company 18.7. Grown Food LLC 18.8. Julia’s Farm 18.9. Ebro Foods, S.A. 18.10. TreeHouse Foods, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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Canned Pasta Market
