North America Pasta and Noodles Market Size, Share, and COVID-19 Impact Analysis, By Product (Dried, Instant, Frozen & Canned), By Distribution channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail Stores, and Other), and North America Pasta and Noodles Market Insights, Industry Trend, Forecasts to 2033.
Industry: Food & BeveragesNorth America Pasta and Noodles Market Insights Forecasts to 2033
- The North America Pasta and Noodles Market Size was valued at USD 6.41 Billion in 2023.
- The North America Pasta and Noodles Market is Growing at a CAGR of 5.62% from 2023 to 2033
- The North America Pasta and Noodles Market Size is Expected to Reach USD 11.07 Billion by 2033
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The North America pasta and noodles market is anticipated to reach USD 11.07 billion by 2033, growing at a CAGR of 5.62% from 2023 to 2033. The North American pasta and noodles market is being driven by the rising demand for convenience foods, ethnic cuisine popularity, increase in disposable income and urbanization, and innovation and product diversification.
Market Overview
The North American pasta and noodles market is the industry involved in the production, distribution, and consumption of pasta and noodles within North America. Pasta and noodles are essentially food items made from wheat, rice, and other grains and have many different shapes and sizes, usually served with a variety of sauces, toppings, and seasonings. These include various types of pasta, such as spaghetti, macaroni, ravioli, lasagna, and noodles such as instant noodles, egg noodles, and rice noodles, which are commonly referred to in foods among North Americans. Pasta and noodles are used extensively; they are convenient, budget-friendly, and easy to prepare. The industry is dominated by a heterogeneous variety of products, ranging from different shapes and flavors to different ingredients, suited to the heterogeneous tastes and choices of North American consumers. Moreover, increasing demand for Asian-style recipes with convenience and flavor is proving to be positive for the growth of the market. Instant noodles are manufactured on a large scale in big factories with sophisticated machinery, whereas traditional ramen noodles are meant to be relished at restaurants, for which reason instant noodles are witnessing high demand.
Report Coverage
This research report categorizes the market for the North America pasta and noodles market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America pasta and noodles market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North American pasta and noodles market.
North America Pasta and Noodles Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 6.41 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 5.62% |
2033 Value Projection: | USD 11.07 Billion |
Historical Data for: | 2021-2022 |
No. of Pages: | 180 |
Tables, Charts & Figures: | 96 |
Segments covered: | By Product, By Distribution channel |
Companies covered:: | The Kraft Heinz Company, Unilever, Campbell Soup Company, Conagra Brands, Inc., TreeHouse Foods, Inc, and Others |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth & Analysis. |
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Driving Factors
Consumers prefer easy and fast-to-prepare foods such as pasta and noodles due to work stress and hectic lives Instant noodles and ready-to-cook pasta offer a quick fix for working professionals and households. There is a trend toward healthier, better-quality pasta and noodle forms. Whole grain, gluten-free, and plant-based options (like pasta produced from chickpeas or lentils) products are increasing in popularity with health-aware consumers. Manufacturers keep evolving by providing novel tastes, forms, and shapes of pasta and noodles to meet consumers' varied choices.
Restraining Factors
The cost of raw materials like wheat, rice, and corn may change based on factors outside their control, such as weather, supply chain issues, or inflation. The volatility can result in higher production costs for pasta and noodle makers and possibly increase prices for consumers.
Market Segmentation
The North America pasta and noodles market share is classified into product and distribution channel.
- The instant segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the product, the North America pasta and noodles market is segmented into dried, instant, frozen & canned. Among these, the instant segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth is attributed to instant noodles and pasta being very convenient, as they take little preparation time. Many instant noodles and pasta can be prepared in a matter of minutes, making them very appealing to busy consumers in search of quick meal alternatives, particularly at lunchtime, during midnight cravings, or after a long day of work. Instant noodles and pasta meet this demand by providing an easy and quick alternative without any hassle of cooking or long preparation times.
- The supermarket /hypermarket segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the North America pasta and noodles market is divided into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. Among these, the supermarket/hypermarket segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth is driven by supermarkets and hypermarkets stocking a wide range of pasta and noodles, such as regular, premium, organic, gluten-free, and ethnic. This diversity addresses different consumer tastes and dietary requirements, making the stores a choice destination for the purchase of pasta and noodles. Supermarkets and hypermarkets tend to have bulk buying facilities for pasta and noodles, which suit large families and price-sensitive consumers.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America pasta and noodles market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- The Kraft Heinz Company
- Unilever
- Campbell Soup Company
- Conagra Brands, Inc.
- TreeHouse Foods, Inc
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In December 2023, Nissin Foods USA, the manufacturer of Cup Noodles and Top Ramen, introduced the Hot & Spicy Fire Wok packets in two varieties: Torched Teriyaki Chicken and Screamin' Sichuan Beef. The packets include a square ramen pack with spicy noodles infused with chili flakes.
- In August 2023, ZENB introduced gluten-free pasta, such as spaghetti, elbow, penne, and rotini, and four of its plant-based Agile Bowl meals (Tomato Basil Pesto, Mexican Street Corn, Red Pepper Harissa, and Zesty Garlic Spinach) in all Sprouts Farmers Market locations in the United States.
Market Segment
This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America pasta and noodles market based on the below-mentioned segments:
North America Pasta and Noodles Market, By Product
- Dried
- Instant
- Frozen & Canned
North America Pasta and Noodles Market, By Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retail Stores
- Other
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