Global Instant Noodles Market Research Report - Forecast to 2025
Published | June 2019
According to Blueweave Consulting, the Global instant noodles market is anticipated to reach XX.XX Million by the end of 2025 and projected to increase significantly at a CAGR of X.XX% over the forecast period. Instant Noodles are ready-to-cook noodles offered in diverse variety of flavors coupled with numerous stomach filling and healthy ingredients like dehydrated vegetables, wheat flour, meat, pork, beef, and seafood among others.
The market is compelled by various factors like rapid industrialization and fast-tracked urbanization coupled with innovative product offering and due to hectic lifestyles consumer preferences are inclined towards convenience food which further fuel the market growth of instant noodles.
Packet instant noodles segment dominates the overall market with a market share of XX.XX% in 2018 and projected to maintain its dominance throughout the forecast period of 2019-2025. Additionally, changing lifestyle, increasing stress life, and diversification of products helping packet instant noodles industry to grow across globe. However, the cup/bowl segment is likely to increase at a significant level and projected to touch USD XX.X Million by 2025.
On the basis of distribution channel, the store based channel holds the largest market share of XX.X% in 2018. The retail store's channel is witnessing high growth. Retail stores have high growth potential due to the presence of large middle-income group further new wave of expansion through the compact store format will favor the instant noodles demand in retail stores. Convenience stores represent the largest segment followed by supermarkets and hypermarkets owing to the rising number of health-conscious consumers, expanding working population and increasing urbanization are boosting the instant noodles market. The online sales market is anticipated to magnify at a higher rate in the upcoming period, owing to the rapid penetration of smartphones, upsurge in m-commerce sales, and easiness in payment options.
Geographically, the Global instant noodles market is analyzed across North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2018, Asia Pacific accounted for the maximum market share of XX.X% and projected to dominate the overall instant noodles followed by North America. Owing to the amassed ecommerce industry, rising disposable income and changing consumer taste. Europe is projected to be the fastest growing region registering a CAGR of X.XX% over the forecast period.
The leading market players in the global instant noodles market primarily are Nestle SA (Switzerland), Ajinomoto Co., Inc. (Japan), The Unilever Group (Pot Noodles) (U.K.), Campbell Soup Company (U.S.), Nissin Foods Co., Ltd (Hong Kong), Capital Foods Limited (India), ITC Limited (India).
Study Objectives of instant noodles Market Forecast to 2025
· Detailed analysis for individual micro and macro markets for instant noodles
· To estimate market size by Packaging, grade, distribution channel and Region
· To understand the supply and demand dynamics of instant noodles
· Company profiling of major players & competitive positioning for the instant noodles market
· Value chain analysis and supply chain analysis of instant noodles
· Analysis of historical market trends, and technologies, and current government regulatory requirements related to instant noodles market
· Instant noodles manufacturers
· Food Service industries
· Retailers and wholesalers
· Traders, importers and exporters
Regional and Country Analysis of instant noodles market development and demand Forecast to 2025 Market
The reports also cover country level analysis:
· Rest of Europe
Asia – Pacific
· Rest of Asia Pacific
· Saudi Arabia
· Rest of MEA
· Rest of Latin America