Pasta - Jamaica | Statista Market Forecast

Pasta - Jamaica

Jamaica

Highlights

Revenue in the Pasta market amounts to US$41.55m in 2024. The market is expected to grow annually by 6.01% (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$14.71 are generated in 2024.
In the Pasta market, volume is expected to amount to 14.56m kg by 2029. The Pasta market is expected to show a volume growth of 1.0% in 2025.0.
The average volume per person in the Pasta market is expected to amount to 4.9kg in 2024.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureMethodology

The Pasta market in Jamaica has been experiencing slow growth, impacted by factors such as low consumer awareness and lack of convenience in online services. Despite being a part of the thriving Bread & Cereal Products market, the Pasta market's growth rate remains negligible at present.

Customer preferences: The traditional Jamaican pasta market is experiencing a shift towards healthier, plant-based options, reflecting the growing trend towards health and wellness among consumers. This is driven by an increasing awareness of the benefits of a plant-based diet, as well as a desire for more sustainable and ethical food choices. Additionally, with the rise of the flexitarian movement, there is a growing demand for meat-free pasta products that cater to a wider range of dietary preferences. This trend is also influenced by the growing number of health-conscious millennials and Gen Z consumers who prioritize health and sustainability in their food choices.

Trends in the market: In Jamaica, the Pasta Market of the Bread & Cereal Products Market within The Food market is seeing a trend towards healthier options, as consumers are becoming more health-conscious. This includes the use of alternative flours like chickpea and lentil flour, as well as the incorporation of superfoods like quinoa and chia seeds. This trend is significant as it reflects a shift towards clean eating and a demand for more nutritious products. Industry stakeholders should take note of this trend and consider incorporating healthier options into their product offerings to meet the evolving consumer demand. Additionally, the rise of online grocery shopping and delivery services in Jamaica has also impacted the Pasta Market, with more consumers opting to purchase their pasta products online. This trend has the potential to further increase convenience for consumers and expand the reach of pasta brands in the market.

Local special circumstances: In Jamaica, the Pasta Market of the Bread & Cereal Products Market within The Food market is influenced by the country's rich cultural heritage and diverse cuisine. The local preference for bold and spicy flavors has led to unique pasta dishes that cater to the Jamaican palate. Additionally, the country's tropical climate and abundance of fresh produce have influenced the use of locally-sourced ingredients in pasta dishes. Furthermore, the government's efforts to promote local agriculture and reduce food importation have also had an impact on the market, leading to a growing demand for locally-made pasta products.

Underlying macroeconomic factors: The Pasta Market of the Bread & Cereal Products Market within The Food market in Jamaica is influenced by various macroeconomic factors. The global economic trends, such as the increasing demand for convenience foods and the rising health consciousness among consumers, are driving the growth of the market. Additionally, the country's economic health, with a stable GDP growth rate and a favorable business environment, is contributing to the market's expansion. Moreover, the government's fiscal policies, such as tax incentives for food manufacturers and investments in agricultural infrastructure, are creating a conducive environment for market growth. Furthermore, the increasing disposable income and changing dietary patterns of the Jamaican population are also fueling the demand for pasta 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.