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Global Instant Noodles Market Analysis, Size, Share, Growth Analysis, Trends and Forecast 2017 – 2023

“Market Research Future published a Cooked Research Report (CRR) on Global Instant Noodles Market which is estimated to grow at 5 % by 2023”
Instant Noodles Market Information- Product Type (Sea-Food, Chicken, Vegetable, And Others), Source (Wheat, Rice, Oats and others), Packaging Type (Packets and Cups) and Region – Forecast to 2023

Market Overview

Instant noodles are made from wheat flour, starch, water, salt or (an alkaline salt mixture of sodium carbonate, potassium carbonate, and sodium phosphate), and other texture & flavor enhancer of noodles. Other flours are sometimes mixed with wheat flour to make fortified instant noodles; for example, buckwheat flour is added at 10-40% of wheat flour in the production of buckwheat noodles. With changing lifestyle and evolving dietary pattern, convenience food plays an important role in defining the consumers’ food choices in the modern world. The trend of consumption of convenience food began in western world and spread to other regions rapidly.

Consumers look for convenience food as they are easily available, and possess nutritional value due to fortification, variety and product appeal. Due to changing lifestyles, consumers are spending less time planning and cooking meals at home as they consider preparing food at home as a chore and is time and energy consuming. The instant noodles is considered convenient as there is no need to put in efforts in cooking & chopping vegetables, these factor will support the growth of this market. Globally the market (Volume) for instant noodles is estimated to grow at the rate of about 5% from 2017 to 2023.

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Competitive Analysis-

This report includes a study of strategies used in the market, mergers and acquisitions in instant noodles, multiple product launch by instant noodles market players. It further includes product portfolios and developments of leading major players which includes

  • Ajinomoto Co., Inc. (Japan)
  • The Unilever Group (Pot Noodles) (U.K.)
  • Nestle SA (Switzerland)
  • ITC Limited (India)
  • Capital Foods Limited (India)
  • Campbell Soup Company (U.S.)
  • Nissin Foods Co., Ltd (Hong Kong)

The Global Instant Noodles Market is mainly occupied by some key manufacturers. The competitive environment in this market is estimated to increase, with an increase in product portfolio from current key players. Most of the companies operating in this market are focusing on expanding its operations across the geographies, augmenting its capabilities and investing in research and development to offer products with better functionality.

Market Forecast

Organized foodservice includes chain and licensed standalone players operating across quick service restaurants, lounges, and cafes that majorly relies on instant noodles as an ingredient to prepare the final dish. Organized foodservice majorly instant noodles, frozen noodles, and others as the key raw material for preparing food for end customers. Instant noodles are also known as efficiency foods as this helps in saving preparation time, labor and cost with minimum food wastage. All such factors have resulted in huge demand of instant noodles in foodservice industry

By Application Analysis-

Ready meals segment is projected to account maximum market proportion of the total instant noodles market in the year of 2017. However, sea food broth segment is expected to register highest CAGR during the forecast period owing to the busy life schedule of the consumer as well as for the increasing working female population in developing economy. Wheat segment will also grow at an above CAGR during the forecast period. Among the end user segment, food service industry will observe high growth during the period of 2017 to 2023. However, packet instant noodles will dominate the market during the forecast period.

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Regional Analysis

Global Instant Noodles Market is Segmented into Europe, Asia Pacific, North America, and rest of the world (ROW). Among these, APAC region is expected to retain its dominance throughout the forecast period. The market is projected to grow at a steady pace in the review period. Europe will be the fastest growing region in the instant noodles market and high growth in emerging economies such as China, India, Japan and ASEAN countries. Latin American countries, offers ample opportunities for expansion to major players. The high consumption of processed and convenience food products in growing economies of Asia-Pacific and Latin America.

Table of Contents

1 REPORT PROLOGUE

2 INTRODUCTION

3 RESEARCH METHODOLOGY

4 PREMIUM INSIGHTS

5 MARKET DYNAMICS

6 MEGA TRENDS

7 MARKET FACTOR ANALYSIS

8 MARKET ANALYSIS

9 MARKET ANALYSIS-BY REGION

10 MARKET ANALYSIS-BY PACKAGING TYPE

11 MARKET ANALYSIS-BY BROTH

12 MARKET ANALYSIS-BY SOURCE

13 MAJOR MANUFACTURERS ANALYSIS OF INSTANT NOODLES

Continued…..

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 PRIMARY RESEARCH PROCESS

FIGURE 3 SECONDARY RESEARCH PROCESS: TOP DOWN & BOTTOM UP APPROACH

FIGURE 4 FORECAST MODEL

FIGURE 5 MARKET SEGMENTATION: GLOBAL INSTANT NOODLES MARKET

FIGURE 6 PRODUCT LIFECYLE: GLOBAL INSTANT NOODLES MARKET

FIGURE 7 PRODUCT LIFECYLE: GLOBAL INSTANT NOODLES MARKET, BY REGION

FIGURE 8 DRIVERS & RESTRAINTS IMPACT ANALYSIS OF INSTANT NOODLES

Continued…..

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