According to IMARC Group’s latest report, titled “Instant Noodles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global instant noodles market reached a value of US$ 47.08 Billion in 2020. Instant noodles are comprised of fine wheat flour along with a mixture of alkaline salts. Several other ingredients, including edible oil, starch, gluten, stabilizers, etc., are also added to the dough in smaller quantities. Instant noodles are pre-cooked dried noodles that are dehydrated using air or flash frying. They are generally accompanied by a small sachet containing the tastemaker. Instant noodles are widely consumed across countries as they are portable, easy to store, convenient to prepare, inexpensive, readily available, etc.
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The elevating levels of urbanization, along with the hectic work schedules and sedentary lifestyles of urban consumers, are contributing to the rising demand for quick and affordable meals. This, in turn, is catalyzing the instant noodles market across the globe. Moreover, numerous key manufacturers are also launching instant noodles in a broad range of flavors, along with various vegetarian and non-vegetarian options, to expand their consumer base, which is further propelling the product demand. In line with this, the introduction of new textures, colors, seasonings, tastemakers, etc., in the market is acting as another growth-inducing factor. Furthermore, the escalating expansion of the organized food retail sector, with a growing number of convenience stores, departmental stores, hypermarkets, supermarkets, etc., is anticipated to bolster the instant noodles market over the forecasted period. Looking forward, the market is expected to grow at a CAGR of 5% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd.
- Hebei Hualong Food Group
- Indofood Sukses Makmur
- Nissin Foods
- Nestle
- Acecook Vietnam Joint Stock Company
Market Segmentation:
Breakup by Type:
- Fried
- Non-fried
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Regional Insights:
- China
- Indonesia
- Japan
- India
- Vietnam
- United States
- Republic of Korea
- Thailand
- Saudi Arabia
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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