Instant Noodles Market
The global instant
noodles market size is projected to reach USD 65.77 billion by the end of 2026. The increasing demand for the
product across the world will bode well for the market in the coming years.
According to a report published by Fortune Business Insights, titled “Instant
Noodles Market Size, Share & Industry Analysis, By Type (Chicken,
Vegetable, Seafood, and Others), By Ingredient (Oats, Rice, Wheat, and Others),
By Distribution Channel (Supermarkets/ Hypermarkets, Speciality Stores,
Convenience Stores, and Online Retail), and Regional Forecast, 2019 – 2026,”
the market was worth USD 41.71 billion in 2018 and will exhibit a CAGR of 5.92%
during the forecast period.
List
of Top 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
Gain More Insights into the Instant Noodles Market Research Report
https://www.fortunebusinessinsights.com/industry-reports/instant-noodles-market-101452
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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.
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A Sample Copy - Instant Noodles Market
Report
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/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 2018,
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.
Industry Developments:
October 2018: 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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