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.
Disposable income includes the personal income of households left after income taxes and which is available for spending as well as for saving. Increasing disposable income increases will boost consumer buying power and increases their willingness to pay. Asia-Pacific and other developing regions serve as the engine of global growth and exhibits an excellent further growth prospects for the global instant noodles market. Healthy growth and climbing income levels will continue to boost demand of instant noodles and product innovation. Rising middle class population in emerging markets such as Asia-Pacific and Latin America are raising the customer expectations resulting in resetting strategic imperatives for industrial manufacturers in these regions. These factors will support the growth of instant noodles market, and will grow at a CAGR of 5.59%
The emerging market opportunities for instant noodles appear to be conducive for the acceptance of convenience food in Middle East and Latin America. It is principally useful in the challenging environments, where resources are insufficient and cultivation is tough, hence demand for processed in region especially where water resource is also scarce. Instant noodles are low priced processed food product, hence instant noodles are supplied to the areas which are hit by natural calamities such as floods, earthquake, volcano eruption and others. Instant noodles becomes a filler meal in such situation
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Major Key Players:
This report includes a study of strategies used in the market, mergers and acquisitions, multiple product launch by instant noodles market players. It further includes product portfolios and developments of leading major players which includes
- Campbell Soup Company (U.S.)
- Nissin Foods Co., Ltd (Hong Kong)
- Capital Foods Limited (India)
- ITC Limited (India)
- Nestle SA (Switzerland)
- Ajinomoto Co., Inc. (Japan)
- The Unilever Group (Pot Noodles) (U.K.)
Instant noodles market is dominated by key manufacturers and very few new players are entering in instant noodles market due to high investment cost require for, instant noodles food safety testing, certification and instant noodles processing. The global instant noodles industry is expected to witness increase in mergers, acquisition and strategic alliance in upcoming years.
Key Findings:
- The sea food broth segment is projected to register the higher growth rate (5.65%) during the forecast period of 2017 to 2023.
- In APAC region China dominates the market, followed by Indonesia
- Store based segment is anticipated to account the maximum market share in the Global instant noodles market throughout the forecast period of 2017-2023.
Market Segments:
- Instant noodles have been segmented on the basis of broth which includes sea-food, chicken, vegetable, and others. Vegetable segment will witness higher growth rate than the retail customers over the forecast period.
- Instant noodles have been segmented on the basis of distribution channel which comprises of store based and non-store based.
- Instant noodles market has been segmented on the basis of packaging type which comprises of packets, cups and others. Among all the segments, packet instant noodles accounts the highest market proportion over the past few years and it is projected to dominate the instant noodles market during the forecast period. However, cup instant noodles segment will be expanded at a high growth rate over the forecast period.
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Target Audience:
- Retailers and wholesalers
- E-commerce companies
- Traders, importers and exporters
- Instant noodles manufacturers
- Raw material suppliers
- End users (food industry)
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