Instant noodles are type of ready-to-eat food, containing taste maker and block of dried noodles. In the package containing instant noodles, taste makers are separately packed. Different types, shapes, flavors of instant noodles are available in the market. Instant noodles are popular among people of all age groups, owing to its easy and convenient preparation technique in less time.
Increasing preference for ready-to-eat food products owing to sedentary lifestyle is a major factor driving growth of the target instant noodles market. Instant noodles offer longer shelf life and convenient method of preparation, which enables consumers to be more inclined towards instant noodles as compared to conventional noodles. Increasing working population base is another factor expected to drive growth of the global market. However, regular consumption of instant noodles can have adverse effects on health owing to lack of nutrient and protein content. This factor can hamper growth of the target market in the near future.
The global instant noodles market report has been segmented on the basis of product type, source, packaging, and region. On the basis of product type, the market is segmented into vegetable, chicken, sea food, and others. Vegetable segment dominates the global market in terms of revenue over the forecast period. On the basis of source, the market is segmented into wheat, rice, oats, and others. On the basis of packaging, the market is segmented into packets and cups. Packets segment dominates the global market in terms of revenue and expected to maintain position over the forecast period.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is expected to dominate the global market in terms of revenue over the forecast period, owing to rising demand for processed foods and changing eating patterns in this region. The market in Europe is expected to register highest share in terms of revenue followed by North America.
Key players operating in the global instant noodles market include Nestlé S.A., Ajinomoto Co. Inc., Unilever N.V., Campbell Soup Company, Capital Foods Pvt. Limited, ITC Limited, PT Indofood Sukses Makmur Tbk, Nissin Food Products Co. Ltd., Baixiang Food Group, and COFCO (China National Cereals, Oils and Foodstuffs Corporation)