Oct 09, 2019 (The Expresswire) -- Key Players Covered in Instant Noodles Market research report are Unilever PLC, ITC Limited, Capital Foods Pvt Limited, Nestle S.A., Nissin Foods Co., Ltd., PT Indofood Sukses Makmur Tbk
As per the World Noodles Association or WINA, around 103.62 billion instant noodles servings were made in 2018. The global instant noodles market has been stable from the past five years and is expected to rise in the forthcoming years. Rising preference towards consuming ready-to-eat foods than home-cooked food is expected to drive the market growth.
These noodles are rich in carbohydrates, fat, as well as contain minerals, proteins, and vitamins in lesser volumes. The retail food sector is growing at a rapid rate with increasing number of supermarkets, departmental stores, and convenience stores. This, in turn, is expected to facilitate growth in the market. In addition to this, growing e-commerce industry and evolving preference for online shopping are further increasing the sales of instant noodles.
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The information is shared by Fortune Business Insights, in a report, titled “Instant Noodles Market Size, Share and Industry Analysis, By Product Type (Chicken, Vegetable, Sea Food, Others), By Raw Material (Oats, Rice, Wheat, Others), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Retail, Online) and Regional Forecast, 2019-2026.” The report offers deep insights into the global market by covering essential aspects ranging from macro to micro market analysis, recent trends, drivers, and restraints. It further provides a comprehensive analysis of competitive landscape by shedding light on leading players and their respective industry developments. The report is an interesting read for investors, entrepreneurs, and consultants among others who have a stake in the market or are planning to enter into the instant noodles industry.
Increasing Health-conscious Population Worldwide to Stoke Demand for Wheat Instant Noodles
As per raw material, wheat instant noodles are expected to register substantial growth in the global market. This is mainly attributable to the rising awareness about consuming healthy foods. This will further increase the demand for these noodles, thereby boosting the instant noodles market share. As per the distribution channel, hypermarkets or supermarkets are likely to see the highest demand for instant noodles during the forecast period. People around the world prefer to buy groceries on weekends from supermarkets. The rising number of supermarkets or hypermarkets across the world is expected to increase the instant noodles market size by 2026.
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Rising Urbanization in Thailand and India to Drive the Market in Asia Pacific
Among regions, Asia Pacific is anticipated to lead the global instant noodles market through the forecast years. The growth is attributable to the rising demand for convenience foods among the working population and increasing population pool. These, coupled with the increasing urbanization in countries such as Thailand, India among others, are expected to surge the market growth in this region. Increasing population in China is another factor driving the market as noodles are a crucial food item in Chinese cuisine. Increasing per capita income and changing preferences of consumers are expected to create growth opportunities for the market in this region. Apart from Asia Pacific, the market in North America and Europe is also expected to register considerable growth in the forecast years.
Maggi Lovers to Try Nestlé’s New Instant Noodles at their Own Convenience
The report highlights some of the leading players functioning in the global market. These include:
Capital Foods Pvt Limited
Tat Hui Foods Pte Ltd.
Nissin Foods Co., Ltd.
PT Indofood Sukses Makmur Tbk