Global Pasta and Noodles Market Size and Opportunities, 2023 Update

Global Pasta and Noodles Market Size and Opportunities, 2023 Update

Summary

The global pasta & noodles sector was valued at $89.2 billion in 2022 and will reach $107.9 billion in 2027 at a compound annual growth rate (CAGR) of 3.9%. The sector's volume will reach 29.5 billion kg in 2022 and will generate a CAGR of 2.1% during 2022–27. In 2022, dried & instant noodles was the largest category by value, accounting for a share of 55.1%, followed by dried pasta with 35.3%. China was the leading country in value terms globally in the year, amassing a share of 28.4%. Asia-Pacific and the Americas were the leading markets for pasta & noodles in 2022, with value shares of 54.3% and 20.7%, respectively.

This report brings together multiple data sources to provide a comprehensive overview of the global pasta & noodles sector, analyzing data from 107 countries. It includes an analysis of the following -

Sector overview: Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.
Change in consumption: Provides an overview of changes in the consumption of pasta & noodles over 2017–27, at global and regional levels.
High-potential countries: Provides risk-reward analysis of the top two high-potential countries in each region based on market assessment, economic development, governance indicators,socio-demographic factors, and technological infrastructure.

Scope

Provides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-the Asia-Pacific, the Middle East and Africa, the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

Reasons to Buy

Manufacturing and retailers seek latest information on how the market is evolving to formulate their sales and marketing strategies. There is also demand for authentic market data with a high level of detail. This report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities of growth within the pasta & noodles sector.

The report provides a detailed analysis of the countries in the region, covering the key challenges, competitive landscape and demographic analysis, that can help companies gain insight into the country specific nuances.

The analysts have also placed a significant emphasis on the key trends that drive consumer choice and the future opportunities that can be explored in the region, than can help companies in revenue expansion.

To gain competitive intelligence about leading brands in the sector in the region with information about their market share and growth rates.