Global Pasta & Noodles Market Report 2024: Multi-Billion Opportunities to 2028 with Tingyi Leading, Followed by Barilla, Braisun Food Group, Nestle and Uni-President

Core Insights - The global pasta and noodles sector was valued at $87.6 billion in 2023 and is projected to reach$108.5 billion by 2028, with a CAGR of 4.4% from 2023 to 2028 [1][3] - In volume terms, the sector stood at 27.8 billion kg in 2023, expected to grow to 31.6 billion kg by 2028, reflecting a CAGR of 2.6% during the same period [3] Sector Overview - The report provides an overview of current sector scenarios, including ingredients, manufacturer claims, labeling, and packaging [2] - A regional analysis covers five regions: Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe, highlighting sector size, growth drivers, latest developments, and future challenges [2] Market Dynamics - Dried and instant noodles represented the largest category by value in 2023, accounting for 54.1% of the market, followed by dried pasta at 36.6% [3] - The top five companies held a combined value share of 22.4% of the sector's overall sales in 2023 [3] Competitive Landscape - Tingyi led the sector with a 7.4% value share, followed by Barilla (4.5%), Braisun Food Group (4.1%), Nestle (3.3%), and Uni-President (3.1%) [4] - Private labels accounted for a value share of 9.2% in the market [4] Consumer Trends - There is a growing health consciousness among consumers, leading to increased demand for wholegrain foods and products free from artificial ingredients, GMOs, and organic claims [8] - Companies are infusing pasta and noodles with flavors from various cuisines to cater to global tastes [8] Distribution Channels - The report analyzes key distribution channels in the global pasta and noodles sector, including hypermarkets, supermarkets, convenience stores, e-retailers, and more [10] Packaging Analysis - The report provides insights into packaging materials, types, closures, and primary outer types based on volume sales of pasta and noodles [10]