Pune, India, Nov. 01, 2021 (GLOBE NEWSWIRE) -- According to a report published by Fortune Business Insights™, the global instant noodles market size is projected to reach USD 65.77 billion by the end of 2027. The increasing demand for the product across the world will bode well for the market in the coming years. The market was worth USD 44.11 billion in 2019 and will exhibit a CAGR of 5.90% during the forecast period.
Research Aim & Scope:
- An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
- The report presents the estimated market size by the end of forecast period. Additionally, the historical and current instant noodles market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
- The various parameters accelerating the growth of the market are incorporated in the research report.
- The instant noodles market report analyzes growth rate, market size and valuation of the market during the forecast period.
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List of Companies Profiled in Instant Noodles Market Research Report:
- Nissin Food Holdings
- Nestle S.A.
- ITC Limited
- Capital Foods Pvt. Ltd.
- Ajinomoto Co. Inc.
- Acecook Vietnam Joint Stock Company
- The Campbell Soup Company
- Indofood Sukses Makmur Tbk
- Aico Food Ltd.
- Samyang Corporation
Instant noodles are one of the most popular instant foods that are consumed on a large scale across the world. The adoption of fast-paced lifestyle and the consumption of packaged foods will lead to a wider adoption of instant noodles in numerous countries across the world. The nutritional content of instant noodles is a primary reason why it is widely consumed on a large scale. The variations in product offerings by major companies across the world will bode well for the market in the coming years. The low cost of the products, coupled with expanding middle-class population in several countries across the world will open up a huge potential for the companies operating in the market.
Accounting to the massive demand for the product across the world, instant noodle vendors are looking to offer products with new flavors as well as categories such as vegetarian and non-vegetarian products.
Browse Summary of This Research Report:
https://www.fortunebusinessinsights.com/industry-reports/instant-noodles-market-101452
Variations in Product Offerings Will Aid Growth
The report includes several factors that have contributed to the growth of the market in recent years. It discusses key strategies adopted by major companies that are operating across the world. The instant noodles market is growing rapidly due to the massive product demand, coupled with the increasing number of retail chains and shops at which it is sold. The long shelf life of the product makes it suitable for sale at such shops.
As instant noodles are one of the most popular and favorite delicacies across the world, there is a constant demand for the product from outlet stores and retail chains. In November 2019, ITC Limited announced the launch of four new variants of instant noodles. The company introduced these variants to its range of Yippee Noodles, a step that was taken to capitalize on the constant demand for the product across the world. ITC’s newest variants will help the company generate substantial market revenues in the coming years.
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Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Emerging Trends
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain and Regulatory Analysis
- Recent Industry Developments - Policies, Partnerships, New Type Launches, and Mergers & Acquisitions
- Global Instant Noodles Market Analysis, Insights and Forecast, 2015-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Chicken
- Vegetable
- Sea Food
- Others
- By Ingredient
- Oats
- Rice
- Wheat
- Others
- By Distribution Channel
- Supermarkets/Hypermarkets
- Speciality Stores
- Convenience Stores
- Online Retails
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- North America Instant Noodles Market Analysis, Insights and Forecast, 2015-2027
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Chicken
- Vegetable
- Sea Food
- Others
- By Ingredient
- Oats
- Rice
- Wheat
- Others
- By Distribution Channel
- Supermarkets/Hypermarkets
- Speciality Stores
- Convenience Stores
- Online Retails
- By Country
- U.S
- Canada
- Mexico
- By Type
TOC Continued…!
Key Industry Developments:
October 2019: Nestle S.A. announced the launch of a new innovative baked sweetcorn instant noodles. The company introduced ‘MAGGI Nutri-licious,’ a step that was taken to meet the demand for healthy noodles from in the market.
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Functional Foods and Beverages Market Size, Share & Industry Analysis, By Type (Cereals & Grains, Fats & Oils, Dairy Products, Bakery Products, and Other Functional/Fortified Foods), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, and Others), and Regional Forecast, 2019 – 2027
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