Global Instant Noodles Market: Size, Trends & Forecasts (2021-2025 Edition)
Nestle SA, 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.
By: Daedal Research
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 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 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Nissin Food Holdings Company Ltdv Tingyi (Cayman Islands) Holding Corp.
Uni-President Enterprises Corp.
Jinmailang Foods Co. Ltd.
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 (2021-2025). 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.
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