The global uncooked pasta and noodles market size in 2024 is estimated to be around USD 84,203.6 million. Over the next ten years, worldwide sales of pasta and noodles are expected to increase at a CAGR of 3.4%. By 2034, the overall valuation of the global market is expected to reach USD 117,861.7 million.
Report Attribute | Details |
---|---|
Pasta and Noodles Market Size (2024) | USD 84,203.6 million |
Anticipated Market Value (2034) | USD 117,861.7 million |
Value-based CAGR (2024 to 2034) | 3.4% |
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According to earlier reports on pasta, noodles, and spaghetti market analysis, the global market in 2019 generated a revenue of around USD 75,009.2 million. In the subsequent five years, sales of pasta and noodles surged at a CAGR of 2.2%. By the end of 2023, the overall valuation of the pasta and noodles market reached nearly USD 81,910.2 million.
Attributes | Details |
---|---|
Pasta and Noodles Market Share (2019) | USD 75,009.2 million |
Historical Market Size (2023) | USD 81,910.2 million |
Value-based CAGR (2019 to 2023) | 2.2% |
Acceptance of pasta and noodles as an inexpensive dinner alternative, particularly during financial uncertainties, has propelled the demand and profits for pasta and noodles producers. For instance, during the years 2020 and 2021, noodles and pasta consumption patterns became apparent in many households following the lockdown of marketplaces.
The emerging trend of fusion cuisine has transformed the market dynamics of noodles, macaroni, and pasta products in the recent past. It has, in turn, fueled the use of pasta and noodle products to craft inventive, multicultural meals that appeal to inventive diners.
Partnerships of noodles and pasta manufacturers with well-known chefs have significantly aided the demand for the product in the global market. Global suppliers are also hopeful to change the customer overview of pasta and noodle products by elevating the legitimacy and fostering a feeling of culinary sophistication.
Some makers have set themselves apart in the noodles and pasta product landscape via the inclusion of health-promoting ingredients and functional additives. Introducing diverse noodle varieties by including components such as whole grains, superfoods, or vitamin and mineral fortification appeals to consumers who are health-conscious and looking for wholesome food options.
The table below signifies the difference in future growth rates of the pasta and noodles industries in different countries. Emerging markets in India and the United Kingdom are forecasted to perform better in comparison to markets in China and the United States.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 3.2% |
China | 4% |
United Kingdom | 4.9% |
India | 4.4% |
The presence of global pasta and noodles suppliers with extensive retail coverage in the United States is expected to drive the market’s growth. The market is projected to advance at a 3.2% CAGR from 2024 to 2034.
The pasta and noodle industry share in the United States is mostly supported by hotels, restaurants, and other food service businesses. So, the market players in the country are mainly focused on the business-to-business (B2B) sales channels to scale their business.
Over the next ten years, the demand for pasta and noodles in the United Kingdom is forecasted to grow at a 4.9% CAGR.
Functional food producers that demonstrate a strong commitment to the health of their consumers have the opportunity to expand their market share in the United Kingdom. So, market players in the country are adopting whole wheat pasta and organic pasta more these days to keep their product portfolios diverse and interesting.
Demand for pasta and noodles in China is expected to advance at a moderate CAGR of 4% from 2024 to 2034.
China is regarded as the global supplier of Asian noodles, and the presence of several pasta and noodles manufacturing industries has intensified the competition. However, some producers have been able to set themselves apart by introducing new varieties like rice noodles and ramen noodles in the regional market.
The sales of pasta and noodles in India are anticipated to surge at a CAGR of 4.4% during the forecast years.
India has lately entered the global noodles and pasta industry with a boom in the agricultural sector and the rapidly expanding food processing sector. However, the regional demand for pasta and noodles is observed to be diverse in the country, and global players hold a sizable market share.
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As per the market analysis, the sales of instant noodles and pasta are estimated to hold a share of 47.6% of the market by product type in 2024.
Attributes | Details |
---|---|
Top Product Type | Instant Noodles & Pasta |
Market Share in 2024 | 47.6% |
Instant noodles and pasta products have achieved a special appeal because they're quick and easy dinner options for busy families and people looking for balanced and wholesome meals. In response, many pasta and noodle producers have released product lines for instant noodles to align with today's fast-paced lifestyles of consumers.
Sales of pasta and noodles for retail consumption are expected to constitute a share of 76.9% of the market in 2024.
Attributes | Details |
---|---|
Top Distribution Channel | Business to Consumer (B2C) |
Market Share in 2024 | 76.9% |
Through the forecast years, the worldwide noodle demand for pasta and noodles in the B2C segment is poised to remain higher than in any other distribution channel. Also, by releasing limited edition products in response to holidays, seasons, or cultural events, pasta and noodles suppliers pique consumers' attention in this segment.
A larger consumer base and a sense of exclusivity are expected to escalate the competition in the global noodles and pasta manufacturing sector. Leading market players are now targeting to accommodate individual tastes by providing distinctive and customizable pasta and noodle product lines in the retail market. On the contrary, regional market players resort to local festivities and celebrations to create temporary sales spikes and compete in the retail sector.
Recent Developments in the Global Pasta and Noodles Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 84,203.6 million |
Projected Market Size (2034) | USD 117,861.7 million |
Anticipated Growth Rate (2024 to 2034) | 3.4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Product Type, By Ingredient, By Packaging Format, By Distribution Channel, By Nature, and By Region |
Key Companies Profiled | Barilla Group S.p.A.; Delverde Industrie Alimentari S.p.A.; Nestlé SA; ITC; The Kraft Heinz Company; Unilever PLC; Toyo Suisan Kaisha, Ltd.; General Mills, Inc.; Nissin Foods Holdings Co., Ltd.; Grupo La Moderna; Campbell Soup Company; Bionaturae LLC; TreeHouse Foods, Inc.; Ebro Foods, S.A.; De Cecco Company; Pastas Gallo Company; Jovial Foods Inc.; Windmills Organic; Borges International Group |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global pasta and noodles market is expected to grow at a CAGR of 3.4% during the forecast period.
The global pasta and noodles market is projected to be valued at USD 117,861.7 million by 2034.
The global pasta and noodles market was valued at USD 81,910.2 million in 2023.
China accounts for nearly 30% of the revenue share of the global market.
The United Kingdom market is set to witness a 4.9% CAGR through 2034.
Market Size Value in 2023 | USD 176 million |
---|---|
Market Forecast Value in 2033 | USD 421.6 million |
Growth Rate (2023 to 2033) | 9.9% CAGR |
Market Size (2023) | USD 149.4 million |
---|---|
Market Size (2033) | USD 257.8 million |
Market CAGR (2023 to 2033) | 6.2% |
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