The Latin America, Middle East and Africa Pasta And Noodles Market would witness market growth of 5.7% CAGR during the forecast period (2023-2030).
Pasta and noodles are the staple foods of a few nations and are regularly consumed. Wheat is a major ingredient in all products. Pasta and noodles come in a variety of sizes and shapes. There are multiple shapes and sizes of pasta available, including Spaghetti, Rotini, Macaroni Rigate, Macaroni, and many others. Since they are simple and require minimal preparation, they have been added to the list of instant dishes.
Due to the availability of various new products, market is expected to expand. In order to satisfy rising consumer demand, pasta, and noodle manufacturers continually offer new products. These introductions of novel goods are required to retain and expand the company's consumer base. These products vary according to the tastes, themes, shapes, and ingredients. Some enterprises are introducing healthier pasta and noodle versions of their products through innovation.
Some companies have launched an innovative range of chilled ready-to-eat noodle meals that are low in calories and contain plant-based fiber by minimizing carbohydrates and high calories without sacrificing flavor or satisfaction. Such product variety attracts consumers of different age groups with varying preferences and requirements. Thus, introducing numerous new products is fueling the expansion of the market. However, these are high in carbohydrates, which can influence a person's blood glucose levels. Pasta and noodles made from all-purpose flour can also be detrimental to health. Consumption of high amounts of pasta can contribute to both weight gain and decrease the micronutrient balancing required for the human body. These are some of the factors that prohibit the pasta and noodle market from expanding.
According to the World Instant Noodle Association, Brazil and Saudi Arabia consumed 2,830 and 870 million servings respectively in 2023. In Brazil and Saudi Arabia, the growing demand for instant noodles can be attributed to their affordability, convenience, variety, and adaptability to changing consumer lifestyles. As these factors continue to drive consumption, the industry for instant noodles is expected to grow further in both countries. Due to such factors, the market will grow positively across this region in the coming years.
The Brazil market dominated the LAMEA Pasta & Noodles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,486.8 Million by 2030. The Argentina market is showcasing a CAGR of 6.3% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.4% during (2023 - 2030).
Based on Product, the market is segmented into Instant, Dried, and Frozen/Canned. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Pasta And Noodles Market is Projected to reach USD 106.7 Billion by 2030, at a CAGR of 3.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Kraft Heinz Company, Campbell Soup Company, Unilever PLC, Conagra Brands, Inc., Barilla G. e R. Fratelli S.p.A, ITC Limited, Nestle S.A, Toyo Suisan Kaisha, Ltd., Nissin Foods Holdings Co., Ltd., and TreeHouse Foods, Inc.
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