Market Insights Consumer Food Bread & Cereal Products

Pasta - Singapore

Singapore

Revenue in the Pasta market amounts to €157.90m in 2024. The market is expected to grow annually by 6.53% (CAGR 2024-2029).
In global comparison, most revenue is generated in China (€25,960m in 2024).
In relation to total population figures, per person revenues of €26.09 are generated in 2024.
In the Pasta market, volume is expected to amount to 66.41m kg by 2029. The Pasta market is expected to show a volume growth of 5.0% in 2025.
The average volume per person in the Pasta market is expected to amount to 8.8kg in 2024.

Key regions: India, South Korea, United Kingdom, United States, Spain

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Comparación de regiones

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Analyst Opinion

The Pasta Market in Singapore is currently experiencing minimal growth due to factors such as low consumer demand and intense competition from alternative food options. Despite this, the Bread & Cereal Products Market continues to thrive, driven by the convenience and health benefits offered by these products. The overall Food Market in Singapore is expected to maintain a steady growth rate in the coming years.

Customer preferences: As Singaporeans become more health-conscious and seek convenient meal options, the Pasta Market within the Bread & Cereal Products Market is seeing a rise in demand for healthier and gluten-free pasta options. This trend is driven by the increasing prevalence of gluten intolerance and the influence of Western dietary habits. Additionally, the popularity of pasta dishes in Singapore's diverse food culture has led to a growing demand for novel and fusion pasta dishes, catering to the evolving tastes of the younger generation.

Trends in the market: In Singapore, the Pasta Market of the Bread & Cereal Products Market within The Food market is experiencing a surge in demand for healthier, gluten-free options. This trend is driven by the increasing health consciousness of consumers and the rise of plant-based diets. As a result, companies are introducing new products and reformulating existing ones to cater to this demand. Additionally, there is a growing preference for convenience and ready-to-eat options, leading to the rise of meal kits and online delivery services. These trends are expected to continue, presenting opportunities for industry stakeholders to innovate and cater to evolving consumer preferences.

Local special circumstances: In Singapore, the Pasta Market of the Bread & Cereal Products Market within The Food market is heavily influenced by the diverse cultural landscape of the country. With a large population of Chinese, Malay, and Indian residents, there is a high demand for noodles and rice-based pasta products. Additionally, the strict regulations on food imports and labeling play a crucial role in shaping the market, ensuring the safety and quality of pasta products for consumers. These unique factors contribute to the market's dynamics and create a competitive landscape for pasta manufacturers.

Underlying macroeconomic factors: The Pasta Market of the Bread & Cereal Products Market within The Food market in Singapore is significantly impacted by macroeconomic factors such as consumer spending, economic growth, and government policies. The country's stable economic growth and high levels of disposable income have led to an increase in consumer spending on premium and organic pasta products. Additionally, government initiatives to promote healthy eating and support local food production have also contributed to the growth of the pasta market in Singapore. Furthermore, the rising demand for convenience and ready-to-eat meals has also driven the demand for pasta, as it is an easy and versatile option for busy consumers. These macroeconomic factors, along with the growing trend of health-conscious eating, are expected to continue driving the growth of the Pasta Market in Singapore.

Methodology

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.