Pune, India, November 01, 2021 (GLOBE NEWSWIRE) – According to a report published by Fortune Business Insights â¢, the instant noodle market the size is expected to reach $ 65.77 billion by the end of 2027. The growing demand for the product across the globe will bode well for the market in the years to come. The market was worth USD 44.11 billion in 2019 and will display a CAGR of 5.90% during the forecast period.
Objective and scope of the research:
An overview of the market based on geographic scope, segmentation, and financial performance of major players is presented in the report.
The report presents the estimated market size by the end of the forecast period. In addition, the historical and current market size for Instant Noodles is also discussed in the report.
Based on various indicators, the annual growth (%) and the compound annual growth rate (CAGR) for the given forecast period are offered.
The report presents the current industry trends and the future scope of the market in North America, Asia-Pacific, Europe, Latin America, and Europe.
The various parameters accelerating the growth of the market are incorporated into the research report.
The Instant Noodles market report analyzes the growth rate, market size, and market valuation over the forecast period.
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List of Companies Featured In Instant Noodles Market Research Report:
Nissin Food Holdings
Capital Foods Pvt. Ltd.
Ajinomoto Co. Inc.
Acecook Vietnam Joint Stock Company
The Campbell Soup Company
Indofood Sukses Makmur Tbk
Aico Food Ltd.
Instant noodles are one of the most popular instant foods that are consumed widely across the world. Adopting a fast-paced lifestyle and consuming packaged foods will lead to wider adoption of instant noodles in many countries across the world. The nutritional content of instant noodles is one of the main reasons they are widely consumed on a large scale. Variations in the product offering of large companies around the world will bode well for the market in the years to come. The low cost of the products, coupled with the increasing middle class population in several countries around the world, will open up huge potential for companies operating in the market.
Given 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.
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Variations in product offerings will drive growth
The report includes several factors which have contributed to the growth of the market in recent years. It discusses the key strategies adopted by large companies operating across the world. The market for instant noodles is growing rapidly due to the massive demand for the products, coupled with the growing number of retail chains and stores where they are sold. The long shelf life of the product makes it suitable for sale in such stores.
With instant noodles being one of the most popular and beloved delicacies in the world, there is a constant demand for the product from outlet stores and retail chains. In November 2019, ITC Limited announced the launch of four new instant noodle variations. The company has introduced these variations into its Yippee noodle line, a step that was taken to capitalize on the continued demand for the product across the globe. The new variants of ITC will help the company generate substantial market revenues in the years to come.
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Detailed table of contents:
Overview of parent / related markets
SWOT Analysis of the Industry
Supply chain and regulatory analysis
Recent Industry Developments – Policies, Partnerships, New Type Launches and Mergers and Acquisitions
Global Instant Noodles Market Analysis, Outlook and Forecast, 2015-2027
North America Instant Noodles Market Analysis, Outlook and Forecast, 2015-2027
Key industry developments:
October 2019: NestlÃ© SA has announced the launch of new innovative sweet corn instant noodles. The company launched âMAGGI Nutri-liciousâ, a step that was taken to meet the demand for healthy noodles in the market.
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