Scope of the Report
The report titled “Global Instant Noodles Market: Size, Trends & Forecasts (2019-2023)” provides analysis of the instant noodles market with detailed analysis of market size by value and volume. The report also includes a detailed analysis of the market size by value, volume and segments for countries such as China, India, Japan, Korea, Vietnam and the US.
Under competitive landscape, instant noodles market players based in countries such as China, India, Japan and the US have been compared on the basis of their market share.
Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall instant noodles market has also been forecasted for the years 2019-2023, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Nestle, Nissin Food Holdings Company Ltd., Tingyi (Cayman Islands) Holding Corp., Uni-President Enterprises Corp. and Jinmailang Foods Co. Ltd. are some of the key players operating in the global instant noodles market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
- Nissin Food Holdings Company Ltd
- Tingyi (Cayman Islands) Holding Corp.
- Uni-President Enterprises Corp.
- Jinmailang Foods Co. Ltd.
- The US
Instant noodle is a noodle dish that is retailed in pre cooked or dried noodle block. Wheat, flour, oil are some of the essential ingredients used in the making of instant noodles. The aroma and taste preference for instant noodles is different in different countries. For instance, in countries like India majority of the people prefer to have vegetarian flavors of instant noodles. On the other hand, in countries like Korea and China, the inclination is more towards non vegetarian flavors like beef, pork, crab etc.
The global instant noodles market has been segmented on the basis of product type, source and packaging type. On the basis of product type, the market can be further split into sea food, chicken, beef, pork and vegetables. On the basis of source, the market is bifurcated into wheat, rice and oats. The market has been divided into packets and cups on the basis of type of packaging.
The global instant noodles market is forecasted to grow at a healthy rate during the forecast period (2019-2023). The market is supported by various growth drivers such as increasing working population, rise in disposable income, ascending middle class population, high demand for convenience food and use of instant noodles in the case of emergency situations like natural disasters. The market is also confronted by some challenges such as food safety concerns taking toll on consumer acceptance and vulnerability to supply chain disruption.
Fortification of instant noodles, spike in demand for clean label products, proliferation of social media platforms, launch of variants as per taste of different regions and opportunities for instant noodle companies to strengthen distribution channels are some of the latest trends existing in the market.