The pasta and couscous market is projected to grow at a Cagr of 3.8% until 2026 |  The Celestial Hain Group, Inc.,

The pasta and couscous market is projected to grow at a Cagr of 3.8% until 2026 | The Celestial Hain Group, Inc.,

Pasta and couscous market

The latest market research report titled “Pasta and Couscous Market” methodically summarizes the key elements of pasta and couscous research.

SEATTLE, WA, UNITED STATES, Jan 3, 2022 /EINPresswire.com/ – The latest market research report titled “Pasta and Couscous Market” methodically summarizes the key elements of Pasta and Couscous research. The report provides an in-depth study of pasta and couscous, highlighting the latest growth trends and dynamics in pasta and couscous. The report aims to help readers accurately assess current and future pasta and couscous scenarios.

Market overview:

The pasta and couscous market is growing globally due to its popularity with health-conscious consumers. Couscous is often considered a healthy alternative to pasta, as it is made with whole wheat flour. Both are inexpensive and convenient foods. Young consumers, especially those with busy lifestyles, are also increasing their pasta consumption. This will help the product win a broader consumer base.

Competitive landscape:

Major players operating in the global pasta and couscous market include, Ebro Foods SA, ITC Foods Limited, Nestle SA, Pastificio Antonio Pallante SRL, Pasta Foods Ltd., Regina Pasta & Food Industries, The Hain Celestial Group, US Durum Products Ltd., Valeo Foods Group Limited and Weikfield Foods Pvt. Limited.

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Key Market Drivers:

Strong demand for pasta is expected to drive market growth during the forecast period. For example, according to the US Department of Agriculture, the US typically consumes about 80 million bushels of durum wheat per year, with pasta accounting for the majority of this consumption.

The global pasta and couscous market is undergoing various M&A strategies. For example, in June 2021, 8th Avenue Foods & Provisions acquired the Ronzoni dry pasta business and the US dry pasta plant from Riviana, a US subsidiary of Ebro Foods. These activities are expected to contribute to market growth in North America.

Covid-19 impact analysis

Globally, at 3:20 pm CET on December 8, 2021, 266,504,411 confirmed cases of COVID-19, including 5,268,849 deaths, had been reported to the WHO. As of December 6, 2021, a total of 7,952,750,402 doses of vaccine have been administered. The appearance of a pandemic caused an increase in pasta consumption. According to the US Department of Agriculture, in 2020/21, the US recorded 88 million bushels of total hard food use.

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Key takeaways

The global pasta and couscous market is undergoing various M&A strategies. For example, in July 2021, CVC Capital Partners VIII entered into an exclusive agreement with the Ebro Group to acquire Panzani’s dry pasta, couscous, sauces and semolina business.

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