NEWARK, Del, Nov. 30, 2023 (GLOBE NEWSWIRE) -- The global pasta and noodles market size was US$ 81,910.2 million in 2023. Over the next ten years, the demand for pasta and noodles is forecasted to rise at a CAGR of 3.4%. By following this moderate growth rate, the overall market value is expected to reach US$ 117,861.7 million by 2034 from US$ 84,203.6 million in 2024.
The global demand for pasta and noodles is rising as a quick and easy dinner alternative aligning well with consumers’ fast-paced lifestyles. They are gaining popularity as easily accessible and adaptable staple dishes because of their versatility in cooking and simple preparation methods. In addition to this, pasta and noodles also offer consumers an affordable option without sacrificing flavor or delight during odd times.
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“The global demand for pasta and noodle products surged during the pandemic, and this change in consumer behavior is expected to drive the market. Many new market payers have also started targeting region-specific consumers by experimenting with different combinations of ingredients and flavors popular in the local trends,” -says Nandini Roy Choudhury ( client Partner for Food and Beverages at Future Market Insights, Inc.)
Key Takeaways from the Global Pasta and Noodles Market Study Report
- The United States dominates the market in North America and is forecasted to grow at a 3.2% CAGR over the forecast period.
- The European market is expected to be driven by the rising sales of pasta and noodles in the United Kingdom. The market is expected to rise at a 4.9% CAGR through 2034.
- China is regarded as a global supplier of pasta and noodles, and its regional market is expected to grow at a 4% CAGR till 2034.
- India is emerging as a lucrative market for sales of pasta and noodles in recent years, with an estimated CAGR of 4.4% from 2024 to 2034.
Competitive Landscape for Pasta and Noodles Market Players
The overall market is diversified and highly competitive owing to the presence of a great number of pasta and noodles suppliers at various levels. Established players promote their brand by giving customers access to seasonal and limited-edition pasta and noodle options in response to holidays, seasons, or festivals.
Recent Developments by the Pasta and Noodles Market Players
- In June 2021, Caulipower LLC declared to launch a new frozen pasta product line that is made entirely of cauliflower and is free of gluten. Caulipower also claims that their linguine and pappardelle variants of this new pasta have half the sugar content of conventional pasta and 48% more fiber compared to other popular gluten-free pasta products.
- In January 2023, WickedGud, a D2C health food business, introduced instant noodles that are created with the benefits of oats, lentils, whole wheat, and brown rice. This new product line of nutritious instant noodles is produced without the use of edible vegetable oil, palm oil, or palm olein and is 100% free of artificial chemicals. The company has currently released three distinct seasoning ranges, i.e., curry, schezwan, and masala for the Indian market. Furthermore, the company claims to have prepared this novel product using the revolutionary SCAD (steaming and convection air drying) technology.
Key Players Profiled in the Pasta and Noodles Market Report
- Barilla Group S.p.A.
- Delverde Industrie Alimentari S.p.A.
- Nestlé SA
- ITC
- The Kraft Heinz Company
- Unilever PLC
- Toyo Suisan Kaisha, Ltd.
- General Mills, Inc.
- Nissin Foods Holdings Co., Ltd.
- Grupo La Moderna
- Campbell Soup Company
- Bionaturae LLC
- TreeHouse Foods, Inc.
- Ebro Foods, S.A.
- De Cecco Company
- Pastas Gallo Company
- Jovial Foods Inc.
- Windmills Organic
- Borges International Group
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Key Segments Covered in Pasta and Noodles Industry Report
By Product Type:
- Dried
- Instant
- Frozen & Canned
By Ingredient:
- Wheat
- Rice
- Quinoa
- Lentils
- Buckwheat
- Oats
- Alternative flours
By Distribution Channel:
- Business to Business (B2B)
- Business to Consumers (B2C)
- Hypermarkets/Supermarkets
- Discount Stores
- Wholesale Stores
- Grocery Stores
- Specialty Food Stores
- Online Retail Channels
- Other Distribution Channels
By Packaging Format:
- Flexible Packaging
- Rigid Plastics
- Paper and Board Packaging
- Rigid Metal Containers
By Nature:
- Organic
- Conventional
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- Middle East and Africa (MEA) Market
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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