Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s analyst predicts that the global pasta and noodles market is expected to grow moderately with a CAGR of more than 3% during the forecast period. With the launch of several new products, the market for pasta and noodles will have a positive outlook until the end of 2020. For instance, Carla's Pasta introduced frozen, ready-to-eat pasta in the US in different varieties. Also, Patanjali Ayurved launched Atta Noodles in India at a much lower price compared to its competitors. A wide variety of new products is anticipated to be launched during the forecast period which will propel the prospects of growth of this market until the end of 2020.
The introduction of new, healthier varieties of pasta and noodles is also expected to contribute to the market growth during the forecast period. The healthy varieties of pasta and noodles are gluten-free, fortified, and have less carbohydrate content. Many companies have started offering a wide array of products that cater to the growing demands of consumers. Also, some of the major companies have disclosed their decision to use only natural additives in their products. For instance, Kraft Foods is coming up with boxed noodles colored with natural ingredients such as paprika, annatto, and turmeric. This recent shift toward the consumption of healthy and organic products is expected to drive the market growth for pasta and noodles during the forecast period.
The ambient pasta and noodles segment dominated the market during 2015 with a market share of around 75%. This segment offers a wide variety of products available in varied tastes and flavors. Factors like longer shelf life of edible products and convenience will bolster the growth of this market segment during the forecast period.
In this market report, the analysts have estimated APAC to be the largest market share of pasta and noodles during the forecast period. Factors like the presence of two of the fastest-growing economies in the world, India and China, in the APAC region has led to a rise in per capita income. With larger disposable income and rising urbanization, the market for pasta and noodles in APAC is anticipated to account for a market share of nearly 60% by 2020.
The global pasta and noodles market is very dynamic due to the presence of a large number of regional and international vendors. These vendors are fiercely competing on the basis of new products and economical pricing. The report predicts the market to be more competitive during the forecast period due to several product launches, price wars, mergers and acquisitions, and R&D.
Key vendors in the market are -
Other prominent vendors in the market are Acecook Vietnam JSC, Brf Brasil Foods, CJ Group, Comercial Gallo, Conad, ConAgra Foods, Creamette, De Cecco, Delverde, General Mills, Gerardo di Nola, House Foods Group, ITC, Kraft Heinz Company, Kroger, La Molisana, Masan Consumer, Nongshim, Ottogi Foods, Panzani, Pastificio Rana, Pinehill Arabia Food, San Remo Macaroni Company, Teigwaren Riesa, Toyo Suisan Kaisha, and Uni-President Enterprises.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by distribution channel
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.