Market Size of North America Pasta and Noodles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.23 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Pasta & Noodles Market Analysis
The North America pasta and noodles market isprojected to register a CAGR of 4.23% during the forecast period, 2022-2027.
COVID-19 had a significant impact on the market. During the early stages of the COVID-19 pandemic, the production of food products was impacted as a result of the sudden implementation of lockdown measures and the closing of factories during the early stages of the pandemic. As a result of the pandemic, companies faced a shortage of laborers and logistical problems due to an increase in freight charges. As consumers were trapped in their homes during the pandemic, the consumption of ready-to-eat products increased dramatically.
Worldwide, these products are widely consumed because they are affordable and easy to prepare. In order to keep up with the demand for these products, the manufacturers are constantly developing new products, which are composed of different raw materials. There is also an opportunity for the market to grow as a result of the continuous evolution of the products. For instance, in 2022, plant-based food company ZENB added spaghetti noodles to its current lineup of grain-free pastas. The single-ingredient spaghetti is made from 100% yellow peas and is certified gluten-free, vegan, and non-GMO. Each serving of the spaghetti contains 17 grams of protein and 11 grams of fiber.
There are a number of factors contributing to the market growth of pasta and noodles, including the adoption of western food habits, and the demand for ready-to-cook food products. The rise in working culture among consumers has reduced their affordability of time for the preparation of meals as a result of a lack of time to prepare meals. Consumers are instead turning to foods that are more convenient to consume and take less time to prepare, as a result of this. As a result, the market for pasta and noodles is increasing and is thus driving the growth of the industry.
