The global pasta and noodles market is
anticipated to reach USD 81.7 billion by 2025, according to a new report by
Grand View Research, Inc. Launch of wide variety of new products, and instant
food for working professionals are the key factors that are driving the market
growth.
The pasta
and noodles market growth is anticipated to increase due to launch of wide
varietey of new products. New products are continually launched in the pasta
and noodles segment, in order to cater the growing consumer demands. These new
launches are necessary to hold the customers and also to increase the customer
base of the company. These products vary on the basis of flavors, themes,
shapes of the pasta, and ingredients.
For
instance, in November 2015, Campbell Soup Company launched Star Wars themed pasta.
They also launched limited edition noodles in cans featuring Star Wars theme.
Such launches attracts more customers specially the kids segment and Star Wars
fans. Similarly, based on the ingredients and taste, Quorn, a UK meat
substitute product company, launched two meat-free pasta variants, Ravioli and
Chorizo & Mozzarella Girasoli in July 2015.
Also, some
of the companies are innovating their products to introduce healthier version
of the pasta and noodles. For instance, in May 2017, Nestle India Ltd. launched
Maggi noodles with less salt and adds iron to it to make it healthier.
Similarly, there are wide variety of pasta products which are healthier in
consumption such as brown rice pasta, whole wheat spaghetti, whole grain
lasagna, organic whole wheat pasta and noodles, and chickpeas pasta. Barilla,
an Italian food company, sells whole grain spaghetti which has 1.5 g fat and 0
g trans-fat. These products are rich in vitamins and fiber. Nature’s Best and
Roisin Hogan developed and launched a new low calorie chilled ready meal range
of noodles, that has plant based fiber as the major component that contains
carbohydrates and the associated high calories are removed without compromising
on taste and satisfaction. Such variety of products attracts customers from
different age group and customers with various demands and choices. Also, the
companies are creating demand in the market with the innovative ideas and new
launches. Thus, the launch of wide variety of new products is driving the
growth of the pasta and noodles market, globally.
Full research report on Pasta and Noodles Market analysis: https://www.grandviewresearch.com/industry-analysis/pasta-noodles-market
Further Key Findings From the Study Suggest:
·
Ambient pasta and noodles accounted for the
largest share in 2016 owing to the wide variety of products which vary in
tastes and flavors are offered in this segment. Also, the factors such as
convenience and longer shelf life is driving the growth of this market.
·
Asia Pacific pasta and noodles market is
the largest market and is expected to grow with the highest CAGR over the
forecast period owing to the presence of huge population base and two fastest
growing economies China and India. Additionally, the presence of countries such
as China, Japan and Korea where noodles is the staple food is expected to
bolster the pasta and noodles market.
·
Major players of the market include,
Nestlé, Barilla, ITC, Kraft Heinz Company, Conad, ConAgra Foods, Nissin Foods,
Brf Brasil Foods, De Cecco, and Delverde.
View more reports of this category by Grand
View Research at: https://www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the
global pasta and noodles market on the basis of product and region:
Product
Outlook (Revenue, USD Million, 2014 - 2025)
·
Ambient Pasta and Noodles
·
Dried Pasta and Noodles
·
Chilled Pasta and Noodles
Regional
Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Italy
o
Germany
o
UK
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa (MEA)
o
South Africa
Access press release by
Grand View Research: https://www.grandviewresearch.com/press-release/global-pasta-noodles-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
