Market Size of Asia-Pacific Pasta and Noodles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
APAC Pasta & Noodles Market Analysis
Asia-Pacific Pasta and Noodles Market is projected to register a CAGR of 4.5 % during the forecast period, 2022-2027.
The demand for convenient food items has significantly increased during the past few years owing to consumers' hectic lifestyles and the increase in the number of working people increases in the Asia-Pacific Region. According to World Bank data, the total labor force in East Asia and the Pacific region has risen from 1.26 billion in 2016 to 1.28 billion in 2021. In South Asia, the labor force has increased from 634 million in 2016 to 650 million in 2021. With the increase in jobs that require long working hours, consumers are inclined toward products that take less time to prepare. As a result, the demand for goods that are ready to cook significantly increased which is driving the demand for the pasta and noodles market in Asia-Pacific Region.
Moreover, manufacturers are innovating new flavors with country-specific flavors in the Asia-Pacific region. Apart from manufacturing premium products with quality, and new flavors, brands are also moving towards upgrading their packaging from pouches to cups to meet the need of urban consumers which is increasing the sales of pasta and noodles in the region. The manufacturers in the region are increasing the facilities for storage. For instance, in January 2021, Nissin Foods Company Limited announced that the Group has made an initial investment in production and storage facilities for frozen noodles in its Shunde Plant in the People's Republic of China.
