According to a new report, published by KBV research, The Global Pasta And Noodles Market size is expected to reach $106.7 billion by 2030, rising at a market growth of 3.4% CAGR during the forecast period.
The Instant segment is leading the Global Pasta & Noodles Market by Product in 2022; thereby, achieving a market value of $48.7 billion by 2030. Increased interest in RTD, flavorful, and convenient foods characterize the expansion of this market segment. As a result of the fact that instant noodles are convenient for individuals who must travel or operate in harsh environments, their consumption has increased dramatically. In addition, instant products can be stored longer than traditional products, which drives the demand for instant products.
The Online segment is registering a CAGR of 5.1% during (2023 - 2030). E-commerce has significantly altered people's purchasing habits by providing advantages such as doorstep delivery, lucrative discounts, and the availability of various products on a single website. The availability of a diverse selection of pasta and noodles and the growth of customer loyalty through 'Subscribe & Save' programs are anticipated to strengthen the online channel. Globally prominent vendors of these products include Eataly Net USA LLC, Amazon, Alibaba, Ubuy, and Grocery Go, among others, on numerous online marketplaces.
The Asia Pacific region dominated the Global Pasta & Noodles Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $48.9 billion by 2030. The Europe region is anticipated to grow at a CAGR of 2.8% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 3.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/pasta-and-noodles-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Product
By Distribution Channel
By Geography
Companies Profiled
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