Global Pasta and Noodles Market Size, Share, Growth Analysis, By Product(Dried, instant and frozen & canned), By Distribution Channel(Online and offline)

Description

Global Pasta and Noodles Market size was valued at USD 84.74 Billion in 2022 and is poised to grow from USD 87.79 Billion in 2023 to USD 116.50 Billion by 2031, at a CAGR of 3.60% during the forecast period (2024-2031).

The thriving global market for pasta and noodles has seen consistent growth, fueled by their status as staple foods worldwide and their appeal for their convenience, versatility, and affordability. Ranging from traditional wheat-based varieties to innovative alternatives like chickpea and lentil flour, the market aims to meet the rising demand for quick and economical meal solutions, particularly amidst busy lifestyles and urbanization. While the market benefits from the increasing preference for convenient foods, it also faces challenges such as competition from other quick meal options and concerns about the health effects of processed foods. Nonetheless, key trends such as the demand for plant-based, gluten-free, and ethnically inspired options present opportunities for manufacturers to meet evolving consumer preferences and expand their product offerings, catering to a diverse range of tastes and dietary needs.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Pasta and Noodles Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Pasta and Noodles Market Segmental Analysis

Global Pasta and Noodles Market is segmented on the basis of product, distribution channel, and region. By product, the market is segmented into dried, instant and frozen & canned. By distribution channel, the market is segmented into online and offline. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Pasta and Noodles Market

As the workforce expands and lifestyles become busier, the need for fast and convenient food options is growing. Pasta and noodles emerge as favored selections due to their simplicity in cooking and versatility in customization with various sauces and toppings. A prime example is Nestle's Maggi noodles, widely embraced in India and across Asia for their rapid preparation and ease of use.

Restraints in the Global Pasta and Noodles Market

Although pasta and noodles are commonly favored for their convenience, they tend to be rich in carbohydrates and lacking in nutritional benefits, raising concerns regarding their potential adverse effects on health, such as weight gain and heightened susceptibility to heart disease. Consequently, consumers are progressively seeking out healthier substitutes and scaling back their intake of pasta and noodles.

Market Trends of the Global Pasta and Noodles Market

The surge in plant-based diets has led to an increasing desire for plant-based pasta and noodles, driving brands like Banza and Explore Cuisine to craft alternatives using ingredients like chickpeas, lentils, and quinoa. These substitutes are rich in protein and fiber while being low in carbohydrates, catering to the dietary preferences of a growing consumer base.

Product Code: SQMIG30I2302

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Pasta and Noodles Market by Product

Market Overview
Dried
instant and frozen & canned

Global Pasta and Noodles Market by Distribution Channel

Market Overview
Online and offline

Global Pasta and Noodles Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Nestle S.A. (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Unilever PLC (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nissin Foods Holdings Co., Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tingyi (Cayman Islands) Holding Corp. (China)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Campbell Soup Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ajinomoto Co., Inc. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Kraft Heinz Company (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Conagra Brands, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Indofood Sukses Makmur Tbk PT (Indonesia)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Barilla G. e R. Fratelli S.p.A. (Italy)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
General Mills, Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CJ CheilJedang Corporation (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Toyo Suisan Kaisha, Ltd. (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nongshim Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Maruchan Inc. (US)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
The Unnie Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Ottogi Co., Ltd. (South Korea)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vina Acecook (Vietnam)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
La Molisana S.p.A. (Italy)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Symington's Ltd. (UK)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Pasta and Noodles Market Size, Share, Growth Analysis, By Product(Dried, instant and frozen & canned), By Distribution Channel(Online and offline) - Industry Forecast 2024-2031