The pasta and noodles market in Canada will register 4.8% year-on-year growth by 2017, says Canadean Food.
According to the report titled, "The Future of the Pasta & Noodles Market in Canada to 2017", the market witnessed compound annual growth rate (CAGR) of 2.87% during 2007-2012, with major contributions coming from Chilled Pasta and Chilled Noodles categories. In terms of volume, the market grew at 1.87% CAGR.
The market value is expected to record 4.35% CAGR and 2.69% in volume during 2012-2017.
Category wise, Chilled Pasta is estimated to grow at 5.49% CAGR in the next five-year period, while Chilled Noodles, Ambient Pasta, Ambient Noodles, Dried & Instant Noodles and Dried Pasta are anticipated to grow at CAGRs of 4.70%, 4.64%, 4.64%, 4.21% and 4.14%, respectively.
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