Pasta - Armenia | Statista Market Forecast

Pasta - Armenia

Armenia

Highlights

Revenue in the Pasta market amounts to US$53.55m in 2024. The market is expected to grow annually by 8.77% (CAGR 2024-2029).
In global comparison, most revenue is generated China (US$28bn in 2024).
In relation to total population figures, per person revenues of US$19.28 are generated in 2024.
In the Pasta market, volume is expected to amount to 33.42m kg by 2029. The Pasta market is expected to show a volume growth of 7.0% in 2025.0.
The average volume per person in the Pasta market is expected to amount to 9.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Pasta Market in Armenia has shown subdued growth due to factors such as limited availability of raw materials, low consumer purchasing power, and preference for traditional food options. Despite this, the market is expected to grow in the coming years with the increasing popularity of international cuisines and the introduction of innovative pasta products.

Customer preferences: As the consumption of traditional Armenian dishes declines, there has been a growing demand for pasta in the Bread & Cereal Products Market. This trend is largely driven by the younger generation, who are more open to trying international cuisines and incorporating them into their diets. With the rise of global travel and exposure to diverse cultures, consumers are increasingly seeking out new and unique flavors, leading to a surge in demand for pasta varieties such as gnocchi, fusilli, and penne. This shift towards international cuisine is also reflected in the growing popularity of pasta-based dishes in Armenian restaurants and cafes, catering to the changing tastes and preferences of consumers.

Trends in the market: In Armenia, the Pasta Market within the Bread & Cereal Products Market is experiencing a shift towards healthier and more sustainable options. There is a growing demand for whole wheat and gluten-free pasta, as well as plant-based alternatives. This trend is driven by changing consumer preferences and a greater emphasis on health and wellness. As a result, industry stakeholders are investing in research and development to innovate and cater to these changing demands. This trend is expected to continue, with potential implications for manufacturers to adapt their production processes and for retailers to expand their product offerings to meet the evolving consumer demand.

Local special circumstances: In Armenia, the Pasta Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the country's rich agricultural heritage. Local wheat varieties are used in the production of traditional pasta, giving it a unique flavor and texture. Additionally, the culture of sharing meals with family and friends plays a significant role in the market, as pasta dishes are often served as a central part of gatherings. In terms of regulations, the country has stringent food safety laws, ensuring the quality and authenticity of locally produced pasta. These factors contribute to the growth and popularity of the Pasta Market in Armenia.

Underlying macroeconomic factors: The Pasta Market of the Bread & Cereal Products Market within The Food market in Armenia is affected by macroeconomic factors such as the country's economic stability, consumer purchasing power, and government policies. The global economic trends, especially in the agricultural sector, also play a major role in influencing the market. Additionally, the country's fiscal policies, such as taxation and subsidies, can impact the production and distribution of pasta products. Moreover, investments in infrastructure development, particularly in transportation and storage facilities, can affect the availability and pricing of pasta in the market. The demand for pasta is also influenced by the overall economic health of the country, as higher disposable income can lead to increased consumption.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.