Market Snapshot:
The global pasta and noodles market is expected to witness high demand due to the owing to the wide variety of products which vary in tastes and flavors. and Convenient and longer shelf life, increase in working professionals, the demand for instant food is increasing as the consumers rarely want to spend time in cooking homemade food. Thus, the increase in demand for instant food is driving the growth of the market. Noodles as staple food coupled with a huge population base are expected to drive the growth of the market.The research analyst at AMA estimates Pasta and Noodles market to grow at a compounded annual growth rate of 3.2%
Segment Analysis
AMA Research have segmented the market of Global Pasta and Noodles market by Type, Application and Region. On the basis of Type, Ambient Pasta and Noodles are dominating the market in the year 2020
On the basis of geography, the market of Pasta and Noodles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2020.
Market Trend
High Adoption of Instant Food such as Noodles and Growing Demand due to the Launching of Gluten-Free, Organic, and Vegan Pasta Products
Market Drivers
The Growing Demand due to Lunch of Wide Variety of New Products Staple Food of Some Countries
Opportunities
Growing Food Industry in Emerging Countries and Innovation in the Dishes with Various Ingredients
Restraints
- Stringent Regulation about Labelling and Commercial Manufacturing
In addition to the aforementioned factor, The Growing Demand due to Lunch of Wide Variety of New Products Staple Food of Some Countries is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The global Pasta and Noodles market is fragmented due to the presence of various key players. The manufacturers keep formulating with new flavors, colors, textures and seasonings/tastemakers, according to regional tastes and preferences, in order to expand their consumer-base.
The key Vendors profiled in the study are Nestlé (Switzerland), Barilla (Italy), ITC (India), Kraft Heinz Company (United States), Conad (Italy), ConAgra Foods (United States), Nissin Foods (Japan), Brf Brasil Foods (Brazil), De Cecco (Italy) and Delverde (Italy). A lot of Italian players are profiled in the research study indicating a strong market dependence.