Published Date: 2019-07-22 | Pages: Ongoing | Tables: Ongoing | Report ID: 7317
Industry: Food & Beverages
The attractiveness and wide variety of products offered in the global pasta and noodles market are foretold to create business opportunities for producers in the coming years. High number of working individuals around the world who prefer having ready-to-eat foods because of lack of time and their busy lifestyle are prophesied to positively impact the global market. Producers might consider expanding their product portfolio for gaining a foothold in the global market. In May 2019, Noodles & Company, a US fast-casual restaurant, added two new zucchini-based menu options, viz. Zucchetti in White Wine Garlic Sauce with Balsamic Chicken and Zucchini and Asparagus with Lemon Sauce due to the overwhelming response to its Zoodle dishes.
High Demand for Instant Foods among Working Professionals to Support Growth
● Working professionals increasing the demand for instant food items could be key consumers of the global pasta and noodles market
● Pasta and noodles are staple foods of some countries, which could work in the favor of producers
● Availability of a range of varieties in pasta and noodles is foreseen to attract a large number of consumers
● High popularity of ready-cooked or pre-prepared meals among young populations is anticipated to bode well for the global pasta and noodles market
Companies to Focus on Regional Expansion to Expand Consumer Base
Some of the key players of the global pasta and noodles market are Nestlé, Delverde, Barilla, De Cecco, ITC, BRF Brazil Foods, Kraft Heinz Company, Nissin Foods, Conad, and ConAgra Foods. Besides introducing new products, companies are forecast to adopt regional expansion as a leading strategy to expand their footprint in the global market. They could also invest in new production techniques to optimize their operations and ensure compliance with regulations of government and food authorities.
Nestlé, a Swiss multinational food and drink company, is one of the major players of the global pasta and noodles market. In April 2019, it announced the launch of its R&D Accelerator to boost speed-to-market and innovation through advancement of science and technology while bringing together startups, students, and its scientists.
● Ambient Pasta and Noodles
● Chilled Pasta and Noodles
● Dried Pasta and Noodles
Among products, ambient pasta and noodles are prognosticated to account for a significant share of the global market. Producers of ambient pasta and noodles offer a wide range of products varying in flavor and taste. The factors of longer shelf life and convenience are foreseen to push the market growth of this segment.
Regionally, Asia Pacific is expected to secure a substantial share of the global pasta and noodles market because of the considerable demand in emerging economies such as India and China. Availability of a wide consumer base in these countries is also anticipated to increase the growth of the Asia Pacific market. Furthermore, noodles are a staple food of some countries in the region.
Preparation of Research Study
Estimated values of revenue and production in the global pasta and noodles market, market shares of companies and segments, and market size of key regions were acquired with the help of in-depth analysis and research. All data and information presented in the report are based on exhaustive primary and secondary research using reliable sources. QY Research collected feedback from industry experts, interviewed market leaders, and performed various industry surveys to authenticate the data. It also gathered key opinions of market observers to provide a clear picture of current and future situations of the global market.
The report gives a clear comparison between the market shares and revenue of all segments and sub-segments of the global pasta and noodles market. It also shares Y-o-Y growth analysis of key market segments. Furthermore, each regional market is comprehensively studied along with absolute dollar opportunity and other types of analysis.
NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.
Food and beverages sector is considered to be one of the fastest-growing one. Growth of its various industries, right from processing, packaging, and labelling amongst others, have witnessed unbelievable transformation over the years. Players in the food and beverages industry are constantly catering to the changing lifestyle needs that are at times characterized by healthy eating habits or higher purchasing power. The food and beverages industry is extremely dynamic and hence requires a constant watch.
Our researchers have created a repository of thoroughly-researched reports that are aimed at offering the readers a detailed outlook of the industry. Analysts have focused on issues such as food security, evolving demographics, and changing dietary habits. Packaging and innovation therein, along with emerging trends such as organic food items have been discussed through these publications.
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