Global Pasta and Noodles Market

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

Report ID: SQMIG30I2302 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 60 | Figures: 75

Global Pasta and Noodles Market News

  • In June 2022, Nestle SA launched its new plant-based pasta line in Europe, under the Garden Gourmet brand, catering to the growing demand for plant-based products. This launch enabled the company to expand its product portfolio and strengthen its market position in Europe.
  • In February 2022, The Kraft Heinz Company acquired Brazilian food company Companhia Hemmer Indústria e Comércio, which produces pasta, sauces, and condiments, among other food products. This acquisition allowed Kraft Heinz Company to expand its market share in the Latin American region and diversify its product portfolio.
  • In January 2022, Japanese company Toyo Suisan Kaisha, Ltd. acquired the Italian pasta brand "La Molisana" to expand its presence in the European market.
  • In April 2021, Barilla Holding S.p.A. launched a new product line called "Barilla Collezione", featuring premium pasta shapes, sauces, and ready-made dishes, targeting the premium pasta segment. This launch helped the company to cater to the changing consumer preferences towards premium and gourmet food products.
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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).

Global Pasta and Noodles Market was highly competitive and fragmented, with numerous global and regional players operating in the market. Some of the key players in the market were competing on various parameters such as product innovation, pricing, distribution channels, and marketing strategies. In addition, the market was characterized by a high level of mergers and acquisitions, with larger players acquiring smaller ones to expand their product portfolio and reach new markets. Factors such as changing consumer preferences, increasing health concerns, and the growing popularity of ethnic cuisines were driving the growth of the pasta and noodles market. However, increasing competition, fluctuating raw material prices, and stringent regulations were some of the challenges faced by players in the market. 'Nestle S.A. (Switzerland)', 'Unilever PLC (UK)', 'Nissin Foods Holdings Co., Ltd. (Japan)', 'Tingyi (Cayman Islands) Holding Corp. (China)', 'Campbell Soup Company (US)', 'Ajinomoto Co., Inc. (Japan)', 'The Kraft Heinz Company (US)', 'Conagra Brands, Inc. (US)', 'Indofood Sukses Makmur Tbk PT (Indonesia)', 'Barilla G. e R. Fratelli S.p.A. (Italy)', 'General Mills, Inc. (US)', 'CJ CheilJedang Corporation (South Korea)', 'Toyo Suisan Kaisha, Ltd. (Japan)', 'Nongshim Co., Ltd. (South Korea)', 'Maruchan Inc. (US)', 'The Unnie Co., Ltd. (South Korea)', 'Ottogi Co., Ltd. (South Korea)', 'Vina Acecook (Vietnam)', 'La Molisana S.p.A. (Italy)', 'Symington's Ltd. (UK)'

With the rise in the number of working professionals and busy lifestyles, there is an increasing demand for food options that are quick and easy to prepare. Pasta and noodles are popular choices as they are simple to cook and can be customized with different sauces and toppings. For instance, Nestle's Maggi noodles are popular in India and other parts of Asia, thanks to their quick preparation time and convenience.

The rising popularity of plant-based alternatives: With the growing trend of plant-based diets, there is a rising demand for plant-based pasta and noodles. Brands like Banza and Explore Cuisine are producing pasta and noodles made from alternative ingredients such as chickpeas, lentils, and quinoa, which are high in protein and fiber and low in carbohydrates.

Europe dominated the global pasta and noodles market in 2021, accounting for the largest revenue share of 37.6%. This dominance can be attributed to the region's rich culinary history, which includes pasta dishes such as spaghetti, lasagna, and ravioli, among others. Furthermore, the region's changing lifestyles and busy schedules have fueled the demand for quick and easy meal options like pasta and noodles, which are readily available in supermarkets and grocery stores. Additionally, the growing trend of pasta and noodle dishes in restaurants and cafes across Europe is further driving the market's growth.

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