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Key regions: India, South Korea, United Kingdom, United States, Spain
The Pasta market in GCC is facing minimal growth, influenced by factors such as slow adoption of digital technologies, limited health awareness among consumers, and lack of convenience in online services. Despite The Food market's overall growth, the Pasta market is struggling to keep up.
Customer preferences: The GCC and Pasta Market of the Bread & Cereal Products Market within The Food market has seen a rise in demand for healthier and organic pasta options, as health-conscious consumers become more aware of the benefits of clean label and sustainable food choices. This trend is further fueled by the increasing popularity of plant-based and gluten-free diets, as well as the growing awareness of the environmental impact of food production. As a result, manufacturers are innovating and offering a wider variety of healthier pasta options to cater to the changing consumer preferences.
Trends in the market: In GCC, the Pasta Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for gluten-free pasta options, as more consumers are opting for healthier and alternative dietary choices. In addition, there is a growing trend of incorporating innovative ingredients such as quinoa and lentils in pasta products. These trends are significant as they cater to the increasing health-consciousness among consumers and offer opportunities for growth and innovation for industry stakeholders. However, there may be challenges in terms of production and distribution, as well as potential competition from other alternative grain-based products.
Local special circumstances: In the GCC region, the Pasta Market of the Bread & Cereal Products Market within The Food market is influenced by the cultural preferences for traditional Arabic cuisine. This has led to the development of a unique market for pasta products, with a focus on incorporating local flavors and ingredients. Additionally, the regulatory environment in the region, which places restrictions on certain types of food imports, has also contributed to the growth of local pasta manufacturers and suppliers.
Underlying macroeconomic factors: The GCC and Pasta Market of the Bread & Cereal Products Market within The Food market is influenced by macroeconomic factors such as consumer spending, population growth, and government policies. Countries with high consumer spending and a growing population are likely to experience higher demand for pasta products. Additionally, government policies that promote healthy eating habits and support the growth of the food industry can also drive market growth. On the other hand, economic downturns and fluctuations in currency exchange rates can impact consumer purchasing power and affect market performance. Overall, the economic stability and policies of a country play a crucial role in shaping the GCC and Pasta Market within The Food market.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)