The global butter market was worth USD221 Billion in 2020 and is further projected to reach USD303 Billion by 2027 at a CAGR of 48 during 20212027 forecast period ID: 873335
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Pasta and Noodles Market, Product Type , Trend Analysis, Market Share & Forecast, 2021-2027
Slide2Industry Trends & Forecast Report 2027A study, recently conducted by the strategic consulting and market research firm BlueWeave Consulting, revealed that the global pasta and noodles market was worth USD69.3 Billionin the year 2020. According to the study, the market is further estimated to grow at a CAGR of 3.9%, earning revenue of around USD89.5 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.
Slide3Growth driversRising demand for instant food optionsGlobally, 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 demand 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.
Slide4RestraintsNoodles 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 contains 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 and low-carb diet movements have contributed to the flat, and declining sales of pasta in many major markets.
Slide5Impact of COVID-19 in the Global Pasta & Noodles MarketA 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 order 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 of the pandemic, the demand for dried pastaincreased as consumers started seeking economical ways to feed themselves and their
families.
Slide6Global Pasta & Noodles Market – Regional InsightsBased 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.
Slide7Competitive LandscapeThe key players in the global pasta &noodles marketareAcecook 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. Sample Copy of the Report :https://www.blueweaveconsulting.com/report/global-pasta-and-noodles-market/report-sample
Slide8About 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 quantitative 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 product 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 endeavors successful.
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