Friday, December 02, 2022

Instant noodles in the world market

Instant noodles, often known as instant ramen, are a type of noodle that has been pre-cooked and is supplied in a dry block style. The Global Market for Instant Noodles was estimated to be valued at $51.65 Billion in 2021. The global instant noodles market is projected to grow from $54.60 billion in 2022 to $81.84 billion by 2029, at a CAGR (compound annual growth rate) of 5.95% in forecast period, 2022-2029.

Instant noodles are famous ready-to-eat food items originating from the deep-rooted culture of Asian cuisine. Refined wheat flour and an assortment of alkaline salts are the main ingredients in instant noodles. Consumers are seeking comfort foods due to hectic lifestyles. In addition, the rising per capita disposable income of customers, followed by their increasing demand for ready-to-cook items requiring minimal cooking time, is expected to drive the global market for instant noodles in the coming years.

Asia Pacific is likely to hold a dominating position in the global market throughout the assessment period (2022-2032). The rapid growth of this regional market is owing to rising demand for instant foods, a large regional population, and rapid development in food processing technologies.

The key market players including: Nissin Food Holdings, Nestle S.A., ITC Limited, Capital Food Pvt Ltd., Ajinomoto Co, Inc., Acecook Vietnam Joint Stock Company, Indofood SuksesMakmurTbh, Aico Food Ltd., Samyang Corporation, Unilever PLC, Nongshim Co Ltd., and HebeiHualong Food Group and Master Kong, among others.

Based on Type, the market is segmented into Fried Noodles and Non-Fried Noodles. Currently, fried instant noodles are the most popular product type, accounting for the highest share of the market. Because these noodles are flash fried, they help to preserve flavor, extend shelf life, and prevent bacterial growth.
Instant noodles in the world market

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