Pasta and Noodles Market Size Worth USD 68.27 Billion by 2025 | CAGR: 3.5%
Published Date : July 2019 | Report Code: AV341 | Report Format: PDF
The pasta and noodles market is expected to grow at CAGR of 3.5% to reach USD 68.27 billion by 2025.
The attractiveness and wide variety of products offered in the global pasta and noodles market are foretold to create business opportunities for producers in the coming years. High number of working individuals around the world who prefer having ready-to-eat foods because of lack of time and their busy lifestyle are prophesied to positively impact the global market. Furthermore, rising demand for convenient food products is identified as one of the important growth factors for this industry. Instant pasta and noodles have gained popularity over the past few years among the people who lead hectic and busy lifestyles. Producers might consider expanding their product portfolio for gaining a foothold in the global market. In May 2019, Noodles & Company, added two new zucchini-based menu options, viz. Zucchetti in White Wine Garlic Sauce with Balsamic Chicken and Asparagus with Lemon Sauce due to the overwhelming response to its Zoodle dishes.
We have used primary and secondary research methodologies to assess the market in absolute depth. The analysts have examined the prime supply and demand-side factors that are influencing market growth. The current trends, drivers, opportunities, and challenges of the global pasta and noodles market have been scrutinized in a microscopic manner.
- Product wise, the industry is segmented as ambient, chilled and dried pasta and noodles. Of these, ambient types of pasta and noodles are prognosticated to account for a significant share of the global market.
- Products such as air-fried, sun-dried and Gluten-Free noodles are gaining popularity among the customers
- Producers of ambient pasta and noodles offer a wide range of products varying in flavor and taste. The factors of longer shelf life and convenience are foreseen to push the market growth of this segment.
- Regionally, Asia Pacific region is anticipated to secure a substantial share of the global pasta and noodles market. Considerable demand coupled with innovation in product support the regional growth.
- China (including Hong Kong) is the biggest market of Instant past and noodles all around the world, followed by Japan, Indonesia and India
- Some of the key stakeholders of this market are Delverde Industrie Alimentari S.P.A., Nestlé, Barilla Group, ITC Limited, De Cecco, BRF SA, The Kraft Heinz Company, Conad, Nissin Food Products Co., Ltd. and Conagra Brands, Inc.
- The companies are engaged in introducing new products and regional expansion through strategic mergers and acquisition. Key players are also investing in new production techniques to optimize their operations.
- Following consumers’ desire to switch from “eat enough” to “eat well,” manufacturers are introducing several premium healthy products to cater to this trend
KEY BENEFITS OF THE REPORT
- The report presents a macro and micro-level outlook regarding the industry. Thus, it becomes easy for our clients to perceive the business landscape and take a glimpse of their own standing in it.
- A thorough analysis of relevant statistical data to estimate the market paradigms
- Exceptional understanding of region and country-specific markets. The report will answer some of the toughest questions regarding the market shares, sizes, forecasts segmentations, and growth specific to the countries.
- Well-designed strategic framework analyzes the market movements including regional expansion, mergers & acquisitions, and new product developments
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRODUCT
- Ambient Pasta and Noodles
- Chilled Pasta and Noodles
- Dried Pasta and Noodles
MARKET, BY REGION
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Rest of the World
- Middle East and Africa
- Latin America
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