Dublin, Feb. 28, 2025 (GLOBE NEWSWIRE) -- The "Opportunities in the Global Pasta & Noodles Sector 2024" report has been added to offering.

The global pasta & noodles sector was valued at $87.6 billion in 2023 and is set to reach $108.5 billion in 2028, registering a CAGR of 4.4% during 2023-28.

The reportprovides an overview of the current sector scenarios in terms of ingredients, manufacturer claims, labeling, and packaging. The analysis also provides a regional overview across five regions-Asia-Pacific, Middle East and Africa (MEA), the Americas, Western Europe, and Eastern Europe-highlighting sector size, growth drivers, the latest developments, and future challenges for each region.

In volume terms, the sector stood at 27.8 billion kg in 2023, and it is forecast to reach 31.6 billion kg in 2028, registering a CAGR of 2.6% during 2023-28. In 2023, dried & instant noodles was the largest category in terms of value, accounting for a share of 54.1%, and it was followed by dried pasta, with a share of 36.6%. The top five companies accounted for a 22.4% value share of the sector's overall sales in 2023.

Tingyi was the leading company in the sector with a 7.4% value share. It was followed by Barilla and Braisun Food Group with value shares of 4.5% and 4.1%, respectively. Nestle and Uni-President accounted for 3.3% and 3.1%, respectively. Private labels accounted for a value share of 9.2%.