Instant Noodles Market to Witness Huge Growth during 2022-2027
Jul 28, 2022
The IMARC Group provides extensive analysis of the instant noodles industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on instant noodles market research report, size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global instant noodles market reached a value of US$ 49.8 Billion in 2021. Instant noodles, also called instant ramen, are pre-cooked or dried noodles that are dehydrated using air or flash frying. They are comprised of fine wheat flour and a mixture of alkaline salts, edible oil, starch, gluten, stabilizers, etc. Instant noodles are generally accompanied by a small sachet containing the tastemaker. They are extensively consumed across the globe since they are portable, easy to store, convenient to prepare, inexpensive, readily available, etc.
Instant Noodles Market Trends:
The elevating urbanization levels and 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 one of the key factors driving the instant noodles market. Moreover, the introduction of product variants in a broad range of vegetarian and non-vegetarian options is further bolstering the market growth. In line with this, the launch of new textures, colors, seasonings, tastemakers, etc., is acting as another significant growth-inducing factor. Furthermore, the increasing number of working women across countries is also propelling the product demand. In addition to this, the expanding organized food retail sector, with a growing number of convenience stores, departmental stores, hypermarkets, supermarkets, etc., is anticipated to fuel the instant noodles market over the forecasted period. Looking forward, IMARC Group expects the global instant noodles market to reach US$ 67.1 Billion by 2027, exhibiting a CAGR of 5.1% during 2022-2027.
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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
- Acecook Vietnam Joint Stock Company
Breakup by Type:
Breakup by Distribution Channel:
- Specialty Stores
- Convenience Stores
- Online Stores
- United States
- Republic of Korea
- Saudi Arabia
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- 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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