July 08, 2020
According to the research report titled ‘Global Instant Noodles Market – Analysis By Type, Packaging, By Sales Channel, By Region, By Country (2020 Edition): Market Insight, Competition and Forecast (2020-2025)’, available with Market Study Report LLC, global instant noodles market was valued at USD 47,173.94 million in the year 2019 and is anticipated to showcase notable growth during 2020-2025.
Global instant noodles market has been experiencing tremendous growth in the last few years owing to factors such as rising popularity of ready-to-eat food products, changing food habits, and increasing population of working women. Furthermore, inclination towards instant noodles among millennials and widespread adoption of sedentary lifestyle are also contributing towards market growth. Further, swift urbanization, increase in disposable income, and few other socio-economic factors are augmenting the global instant noodles market outlook.
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Based on packaging type, the market is segmented into packets and cups. While as per type terrain, the market is classified into fried and non-fried. The report cites that fried instant noodles segment is poised to gain substantial traction over the analysis timeframe, due to longer shelf life. The product’s aversion to bacterial growth is boosting its popularity among the working population.
Based on the regional overview, instant noodles market is divided into Asia Pacific, Europe and North America. Notably, Asia Pacific will continue to hold the largest market share over the forecast period, owing to escalated spending on packaged food products. Also, increasing proportion of working mothers in the work force and high per capita income are contributing to the market growth.
The key players operating in global instant noodles market are Nissin Foods Group, Uni-President Enterprises Corporation, PT Indofood Tbk, Nestle, and Toyo Suisan Kaisha Ltd. among others.