Pasta - BRICS | Statista Market Forecast

Pasta - BRICS

BRICS

Highlights

Revenue in the Pasta market amounts to US$53.29bn in 2024. The market is expected to grow annually by 7.60% (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$16.16 are generated in 2024.
In the Pasta market, volume is expected to amount to 26.78bn kg by 2029. The Pasta market is expected to show a volume growth of 6.0% in 2025.0.
The average volume per person in the Pasta market is expected to amount to 6.6kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Pasta Market in the BRICS nations is experiencing subdued growth due to various factors such as changing consumer preferences, increasing health consciousness, and the convenience of online food services. Despite this, the market is expected to grow at a steady pace in the coming years.

Customer preferences: Consumers in the Pasta Market of the Bread & Cereal Products Market within The Food market are increasingly looking for healthier and more nutritious options. This has led to a rise in demand for gluten-free and plant-based pasta alternatives, as well as organic and whole grain options. Additionally, there has been a growing interest in traditional and authentic pasta varieties, driven by consumers' desire for unique and cultural dining experiences. This shift towards healthier and more diverse pasta options reflects a growing focus on personal well-being and a desire for more sustainable and ethically-sourced food choices.

Trends in the market: In the BRICS countries, the Pasta Market within the Bread & Cereal Products Market is experiencing a surge in demand for healthier and more sustainable options. This trend is driven by increasing health consciousness and a shift towards plant-based diets. In addition, there is a growing demand for convenience and ready-to-eat options, leading to the rise of innovative pasta products such as gluten-free and fortified varieties. These trends are significant for industry stakeholders as they present opportunities for product diversification and expansion into new markets. However, there may also be challenges in meeting consumer expectations and maintaining competitive pricing in a rapidly evolving market.

Local special circumstances: In South Africa, the Pasta market is heavily influenced by the country's diverse cultural landscape. Traditional pasta dishes from various ethnic groups, such as pap and samp, are popular staples in the local diet. Additionally, government regulations on food imports have led to the rise of local pasta production, providing consumers with more affordable and accessible options. This unique combination of cultural influences and regulatory factors shapes the demand for pasta in South Africa, making it a key player in the BRICS market.

Underlying macroeconomic factors: The Pasta Market of the Bread & Cereal Products Market within The Food market is heavily influenced by macroeconomic factors such as changing consumer preferences, government policies, and global trade agreements. Countries with a strong focus on promoting local agricultural production and supporting small-scale farmers are experiencing higher growth in the Pasta Market, as these policies create a more stable supply chain and increase consumer trust in the quality of the product. Additionally, the growing trend of health-consciousness among consumers is driving the demand for whole grain and gluten-free pasta products, leading to market growth in countries with a higher prevalence of chronic diseases and a larger aging population. Moreover, the increasing disposable income and rapid urbanization in emerging economies such as China and India are also contributing to the growth of the Pasta Market, as consumers in these countries are more likely to purchase convenience and packaged food products.

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.