Advancement and commercialization of food products and increasing demand for ready to eat food products driving instant noodles market

Date: 1 March 2020

According to a research report published by Azoth Analytics in February, 2020, the Global Instant Noodles Market was valued at USD 47173.94 million during the year 2019. Global Instant Noodles market is expected to grow due to a number of factors including changing food habits and rising popularity of ready-to-eat food, increasing women workforce are the major factors impelling the market growth.

The Azoth Analytics research report GlobalInstant Noodle Market has analysed and segmented the Instant Noodles market By Value (USD Million). The report has further analysed the Instant Noodle Market By Product Type (Fried & Non-Fried), By Packaging (Cup/Bowl & Packets) and By Sales Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores & Others). The global Instant Noodles market has been analysed by region (North America, Europe, APAC) and by country (U.S., China, Indonesia, India, Japan, South Korea, Vietnam & Philippines) for the historical period of 2015-2019 and the forecast period of 2020-2025.

Global Instant Noodles Market is primarily driven by growing urbanization, constant escalation in the number of working mothers as well as the advancement and the commercialization of food products and increasing demand for ready to eat food products. The market is largely driven by factors like affordability, easy to store, long shelf life and convenience. They also come in different packaging and flavors. These factors are making consumers more inclined towards instant noodles and host of other factors that are backing the growth in the industry.

Introduction of innovative new products, increasing number of single parents and nuclear families, surging working women population and emergence of e-commerce in the developing regions. These factors have been supporting the growth of Global Instant Noodles Market. The Asia Pacific region holds the largest market of instant noodles and is estimated that it will continue to dominate the market share in forecasted period. However, it may lose its market share to Europe and American region which is also likely to grow with highest growth rate among the regions.
In addition, rising rate of e-commerce has been generating huge awareness regarding instant noodles among consumers along with ease of shopping.

Consequently, rapidly growing retail and e-commerce market has been providing lucrative platform to the food retail market.  Moreover, increasing Investment in research and development and increasing number of corporations globally, rising disposable income and accelerating economic growth are expected to drive the market. Companies having high investment opportunity with new edge technologies for research and development of new products likely to gain market share in the forecast period.