Global Pasta & Noodles Market was worth USD69.3 Billion in 2020 and is further projected - PDF document

Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) Global Pasta and Noodles M arket Industry Trends & Forecast Report 2027 Summary A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting , revealed that the global pasta and noodles market was worth US D 69.3 Billio n in the year 2020. According to the study, the market is further estimated to grow at a CAGR of 3.9%, earning revenue of around US D 89.5 Billion by the end of 2027.The availability of a wide range of pasta & noodles in the market is one of the major factors driving the growth of the market. The market for pasta & noodles is also growing due to natural additives used in some varieties, along with the quality of their instant preparation. Also fueling the market growth are the use of natural additives in certain varieties of pasta & noodles, and the quality of their instant preparation. Furthermore, the availability of healthier kinds of pasta & noodles, their excellent shelf life, and the increasing disposable income of consumers are also causing the market to grow. However, strong competition and the pandemic are restraining market growth, affecting production, and reducing demand. Addit ionally, due to changing lifestyles, consumers have become more health - conscious and switching to healthier and organic products, which is limiting the growth of the global pasta & noodles market . View report Press release Sample report Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) Report Overview Global pasta and noodles market is growing due to the growing demand for instant food driven by varying lifestyles and cultures around the world. In many countries, pasta & noodles are being consumed as staple foods, which is another factor contributing to the market growth. Additionally, the global pasta & noodles market is expected to grow over the forecast period due to the availability of many varieties of pasta and noodles . The Global Pasta & Noodles Marketwas worth USD69.3 Billion in 2020 and is furth er projected to reach USD89.5 Billion by 2027, at a CAGR of 3.9 % during 2021 - 2027 (forecast period) . The reason for the growth of the global pasta & noodles market is the increasing demand for instant food due to varying lifestyles and cultures. In many countries, pasta & noodles consumption has increased as a staple food, which is another factor contributing to the growth of the global pasta & noodles market. Additionally, many types of pasta and noodles are available in the market, which is expected to boost the growth of the global pasta & noodles market over the forecast period . Global Pasta & Noodles Marke t Overvie w Consumers from all around the world enjoy pasta and noodles as a favorite cuisine. Pasta is typically made by mixing water with eggs and flour. It is usually made using all - purpose flour or wheat flour, but rice, lentils, or legumes flour can also be used to make pasta. Noodles, on the other hand, are made by stretching, extruding, or rolling uncooked wheat dough and then forming certain shapes. Both pasta and noodles come in a variety of shapes and sizes . Growth Driver s Rising demand for instant food opt ion s Globally, the demand for instant food is increasing due to the rise in the number of working professionals and their hectic lifestyles. Due to lack of time, consumers nowadays rarely prefer to spend time cooking homemade food. Thus, the rise in the de mand for instant food options contributed to the growth of the global pasta & noodles market. The demand for pasta products, like vermicelli, fusilli, and macaroni, has been on the rise because it is convenient and healthy . Increasing Middle - Class Popula tion to Favor Growt h One of the major factors contributing to the growth of the global pasta & noodles market is the rising middle - class population across the globe. Due to the lower price and easy availability of different flavors of pasta & noodles acro ss supermarkets and hypermarkets, it is gaining significant response among global consumers. Since the people in middle - class families are predominantly working class, they tend to use ready - to - eat foods such as pasta and noodles, as they are less expensiv e, easy to cook and take less time to prepare . Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) Restraint s Noodles and pasta contain excessive carbohydrates, which can affect a person's blood sugar levels. Noodles & pasta made from all - purpose flour can also negatively affect health as the product cont ains gluten, a type of protein that can cause issues for those with gluten sensitivities. Weight gain and loss of micronutrient balance are two of the health disorders that can occur when too much pasta is consumed. Additionally, a number of gluten - free an d low - carb diet movements have contributed to the flat, and declining sales of pasta in many major markets . Impact of COVID - 19 in the Global Pasta & Noodles Marke t A major increase has been recorded in the demand for ready - to - eat meals as a result of the COVID - 19 pandemic.During the lockdown, many restaurants had closed to prevent the spread of the virus, causing more consumers to cook at home. Thus, a substantial portion of the populace had stocked up on pasta, noodles, snacks, and packaged meals in orde r to survive through the ordeal. Food products such as pasta & noodles can be stored for a long time and are extremely easy to intake. That’s a major factor why the pasta & noodles market witnessed a huge demand during the pandemic. Moreover, as a result o f the pandemic, the demand for dried pastaincreased as consumers started seeking economical ways to feed themselves and their families . Global Pasta & Noodles Market : By Product Typ e Based on product types, the global pasta &noodles market is segmented i nto Dried Pasta & Noodles, Chilled Pasta& Noodles, and Ambient Pasta&Noodles. The segment,which accounted for the major share in terms of revenue in 2020, is ambient pasta & noodles. This segment is anticipated to maintain its position during the forecast period as well. This segment's dominance can be attributed to the rising preference of consumers for ambient pasta & noodles products, which can be stored for a long time and are easy to prepare and serve. Moreover, this type of pasta &noodles does not req uire a refrigerator for storage. Additionally, the variety of flavors of ambient pasta &noodles in the market are contributing to an increase in customer consumption . Global Pasta & Noodles Market : By Distribution Channe l In terms of distribution channels, the global pasta &noodles market has been grouped into Hypermarket/Supermarket, Convenience Stores, and Online Sale Channel. Hypermarkets and supermarkets are the major distribution channel for pasta & noodles products. D ue to the rise in the number of Asian immigrants, the availability of various types of pasta &rice noodles has increased in hypermarkets and supermarkets across the globe. Additionally, the consumption of pasta and noodles is increasing globally as these p roducts are the staple for most Asian diets . Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) Global Pasta & Noodles Market – Regional Insight s Based on regions, the global pasta &noodles market is categorized into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The region dominating the global pasta & noodles market in terms of revenue is the Asia - Pacific. This region is also expected to register impressive growth over the coming years. APAC countries such as Japan, China, and South Korea are renowned for their consumption of noodles because noodles are a staple food there. Additionally, the growing retail sectors, as well as the growth of the food processing sector, in developing countries are some factors that drive demand for pasta and noodles in the Asia Pacific region . Recent Development s  In June 2021 , Caulipower announced its plans to release a gluten - free frozen pasta made from cauliflower. According to the company, Caulipower Cauliflower Pasta, available in linguine and pappardelle varie ties, contains 48% more fiber than traditional pasta and half as much sugar as other leading gluten - free pasta .  In August 202 0 , Nestlé India Launched “MAGGI - DeshkeLiye 2 Minute - EkChhoti Si Koshish” across the country to celebrate the trust and affection that millions have given them over the years . Competitive Landscap e  The key players in the global pasta &noodles marke t areAcecook Vietnam JSC, Nestlé, BrfBrasil Foods, Masan Consumer, CJ Group, Comercial Gallo, Conad, ConAgra Foods, Creamette, De Cecco, Delverde, General Mills, Barilla, Gerardo di Nola, House Foods Group, ITC, Kraft Heinz Company, Kroger, Teigwaren Riesa, Toyo Suisan Kaisha, La Molisana, Nongshim, Ottogi Foods, Conad, Nissin Foods, Panzani, Pastificio Rana , and other manufacturers .  Many regional and international companies operate in the pasta & noodles market. The key market players compete on a variety of factors, including product innovation, quality, flavor, price, functionality, size, packaging, and marketing activities, to gain an edge in the market . Scope of the Report : Attribut e Detail s Years Considere d Historical data – 2017 - 202 0 Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) Base Year – 202 0 Forecast – 2021 – 202 7 Facts Covere d Revenue in USD Billio n Market Coverag e U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, Argentina, UAE, South Africa, Saudi Arabi a Product/Service Segmen t atio n By Produc t Typ e , By Usage, By Distribution Channel , By Regio n Key Player s Key players i n th e global pasta &noodles marke t are Acecook Vietnam JSC, Nestlé, BrfBrasil Foods, Masan Consumer, CJ Group, Comercial Gallo, Conad, ConAgra Foods, Creamette, De Cecco, Delverde, General Mills, Barilla, Gerardo di Nola, House Foods Group, ITC, Kraft Heinz Company, Kroger, Teigwaren Riesa, Toyo Suisan Kaisha, La Molisana, Nongshim, Ottogi Foods, Conad, Nissin Foods, Panzani, Pastificio Rana and other key manufacturers .  By ProductTyp e o Dried Pasta & Noodle s o Chilled Pasta and Noodle s o Ambient Pasta and Noodle s  By Usag e o Househol d o Commercia l  By Distribution Channe l o Hypermarket/Supermarke t o Convenience Stor e o Online Sale Channe l Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027)  By Regio n o North Americ a o Latin Americ a o Europ e o The Asia Pacifi c o The Middle Eas t o Afric a FAQ s 1. What is the current size of the Global Pasta & Noodles Market ? Answer : Global Pasta & Noodles Marke t has reached US D 69.3 Billion in 2020 . 2. What are the major factors driving the growth of Global Pasta & Noodles Market ? Answer: Due to varying lifestyles and c ultures of food, the growing demand for instant food is driving the growth of the global pasta and noodles market.Moreover, pasta & noodles have been adopted as staple foods in many countries, which contributes to the positive growth of the global pasta & noodles market. Additionally, the market for pasta and noodles has many varieties available, which is expected to have a positive impact on market growth over the forecast period . 3. Who are the key players in the Global Pasta and Noodles Market ? Answer : T he key players in the Global Pasta & Noodles Market are Acecook Vietnam JSC, Nestlé, BrfBrasil Foods, Masan Consumer, CJ Group, Comercial Gallo, Conad, ConAgra Foods, Creamette, De Cecco, Delverde, General Mills, Barilla, Gerardo di Nola, House Foods Group , ITC, Kraft Heinz Company, Kroger, Teigwaren Riesa, Toyo Suisan Kaisha, La Molisana, Nongshim, Ottogi Foods, Conad, Nissin Foods, Panzani, Pastificio Rana, andother key manufacturers . 4. Which product type segment accounted for the largest share in the Gl obal Pasta & Noodles Market ? Answer : Ambient Pasta and Noodles segmen t , based on product type,accounted for the largest share in the global pasta & noodles marke t . 5. Which distribution channel accounted for the largest share in Global Pasta & Noodles Mark et ? Answer : The Hyper market / Supermarket segment is growing at a higher rate in the global pasta & noodles Marke t . Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027) About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quanti tative data to put your business plan into action. Your well informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several pr oduct or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successfu l. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Pasta and Noodles Market Showing Modest Growth: Growing at a CAGR of 3.9% during the forecast period (2021 - 2027)