The Europe Pasta And Noodles Market would witness market growth of 2.8% CAGR during the forecast period (2023-2030).
The increasing requirement for gluten-free, free-of-fat, and vegan pasta and noodles is driven by the rising popularity of healthy dining. Increasing consumer interest in ethnic cuisines is driving innovation in the category, with expanded access on the shelves of cultural references, such as exotic rice and noodles, proving prevalent among consumers. As customers seek to experiment with flavors and superior components in pasta and noodles, the trend toward premium preferences has increased sales.
The market includes many products, including traditional pasta like spaghetti, macaroni, and lasagna. There has been a growing trend toward healthier alternatives like whole wheat pasta and vegetable-based noodles. Consumer preferences have evolved, with increasing demand for healthier and more diverse options. Many consumers are looking for products that are gluten-free, organic, and enriched with vitamins and minerals. The market is favorably competitive, with large multinational corporations and smaller regional players.
According to the International Trade Administration, the retail food sector in Italy is extremely diverse. Traditional corner shops and open-air markets coexist alongside hypermarkets, supermarkets, convenience, discount, and specialty stores. Despite the lingering COVID-19 pandemic, Italy's food retail sales 2021 reached $167.8 billion, a 2.9% increase over 2020. At discount outlets (6.0%), hypermarkets (3.4%), supermarkets (3.3%), food distributors (1.2%), and convenience stores (1.2%), sales increased. The retail food sector in Italy has played a vital role in boosting the expansion of the market, driven by cultural traditions, culinary diversity, quality standards, and a commitment to tradition and innovation. These factors and the enduring love for pasta in Italy have contributed to the market's sustained expansion. The aforementioned factors will drive the market growth in this region.
The Germany market dominated the Europe Pasta & Noodles Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,819.9 Million by 2030. The UK market is exhibiting a CAGR of 1.9% during (2023 - 2030). Additionally, The France market would experience a CAGR of 3.5% during (2023 - 2030).
Based on Product, the market is segmented into Instant, Dried, and Frozen/Canned. Based on Distribution Channel, the market is segmented into Offline, and Online. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Pasta And Noodles Market will Hit $106.7 Billion by 2030, at a CAGR of 3.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
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