The North America Pasta And Noodles Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030).
Pasta and noodles are widely available in various retail channels, including supermarkets, hypermarkets, convenience stores, and online platforms. This accessibility contributes to their popularity. Health and sustainability concerns have become significant factors in the market. Consumers seek products with lower sodium, reduced fat, and sustainable packaging. Companies are responding by launching healthier and eco-friendly product lines. Preferences for pasta and noodles vary by region.
Population growth, urbanization, and Western influence on traditional foods all contribute to the rapid expansion of the market. Certain nations' staple diets influence the pasta and noodle market's growth. Numerous local and international establishments are the primary market drivers. A significant factor driving the development of the market is the increase in demand for instant food resulting from changes in lifestyle and food culture. As the number of working professionals increases worldwide, consumers are increasingly unwilling to invest time in preparing homemade meals. This stimulates the expansion of the market.
According to the U.S. Department of Agriculture, tourism represented 7.1 percent of the domestic GDP in 2021. A total of 31.8 international tourists visited Mexico in 2021. The HRI industry is composed of 24,625 hotels and 584,000 restaurants. Street stalls are a strong channel in food service in Mexico. Mexican restaurants and food service establishments have included various pasta and noodle dishes. This includes traditional Italian pasta dishes, such as spaghetti and lasagna, and Asian noodle bowls, like ramen and stir-fried noodles. As consumer demand for these dishes continues to rise, the market is likely to expand further, driven by Mexico's vibrant culinary landscape and dining culture. Due to these aspects, the market will boost significantly in this region.
The US market dominated the North America Pasta & Noodles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,358.6 Million by 2030. The Canada market is experiencing a CAGR of 5.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Pasta And Noodles Market is Predict to reach $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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