Instant Noodles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Instant Noodles Market Introduction
Instant noodles are precooked and dried block of noodles sold in a package with seasoning oil or flavoring powder, usually in separate packets. Growing popularity of instant noodles among young-adult consumers and the millennial population is encouraging instant noodles market players to introduce innovative product varieties in terms of composition, nutritional values, flavors, and packaging. Owing to their fast-paced lifestyle, consumers are preferring to purchase food products that are easy and convenient to cook and are equally nutritious, which is one of the important growth parameters of the instant noodles market.
Instant Noodles Market – Notable Developments
Ajinomoto Co. Inc., Nestlé S.A., Indofood Group, Campbell Soup Company, The Unilever Group, Nissin Food Products Co. Ltd., Capital Foods Limited, ITC Limited, COFCO, and Baixiang Food Group are among the leading players in the instant noodles market.
Instant Noodles Market Dynamics
Convenience and Versatility of Instant Noodles are the Leading Contributors to its Increased Demand
The instant noodle market is witnessing exponential growth as instant noodles have become one of the most popular food items across the world. Being one of the first ready-to-eat foods launched in the global processed food industry, instant noodles products have become prevalent in households of consumers following modern and hectic lifestyle. Widespread acceptance of the product, driven by low cost, convenience, and product variety, instant noodles have become one of the most purchased food product in majority of the nations across the globe.
Instant noodles are witnessing tremendous demand owing to their primary parameters such as convenience, ease of cooking, and taste. The instant noodles market is expanding at a rapid pace with leading players introducing innovative products. With the launch of multiple, unique flavors of the instant noodles, leading players in the market are aiming to sync with local preferences.
Health-conscious Consumers Spurning Processed Food will Hamper Growth of the Instant Noodles Market
Increased prevalence of lifestyle diseases, such as heart diseases and obesity, is making consumers more health-conscious and thereby, are preferring to adopted healthier eating habits. The instant noodles market is likely to witness negative impacts due to increased awareness about negative effects of preservatives, artificial colors, flavorings, and processes to increase shelf life of instant noodles on their health.
As most consumers believe that regular consumption of instant noodles can pose serious health risks, which is impacting its demand, manufacturers in the instant noodles market are facing serious challenges. To tackle with this problem, leading players in the instant noodles market are focusing on increasing their R&D efforts to launch healthier and more nutritious instant noodles product. This is likely to bolster the use of functional ingredients in the manufacturing of instant noodles, which may emerge as a popular trend in the instant noodles market in the upcoming years.
Instant Noodles Market Segmentation
Based on the packaging, the instant noodles market is segmented into,
Based on the raw materials, the instant noodles market is segmented into,
Based on the product types, the instant noodles market is segmented into,
Based on the distribution channels, the instant noodles market is segmented into,
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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