Global Instant Noodles Market Report 2021: Market to Reach $32.1 Billion by 2027 - Companies Shift to Premium Variants as Lower-Price Noodles Market Saturates
Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Instant Noodles - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Instant Noodles Market to Reach $32.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Instant Noodles estimated at US$28.4 Billion in the year 2020, is projected to reach a revised size of US$32.1 Billion by 2027, growing at a CAGR of 1.8% over the period 2020-2027.
Packet, one of the segments analyzed in the report, is projected to record 1.7% CAGR and reach US$19.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cup/Bowl segment is readjusted to a revised 1.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 3.5% CAGR
The Instant Noodles market in the U.S. is estimated at US$7.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
The World Gets a Taste of Japan
Recent Market Activity
Demand for Convenience Foods Sustains Growth in Instant Noodles Market
Asia-Pacific: Leading Growth in the Global Instant Noodles Market
China: Following Years of Strong Growth, Sales of Instant Noodles on a Decline
South Korea: The Nation with the Highest Per Capita Consumption
Europe: A Little Late to Join the Magic Ramen Fan Club
Product Innovation: The Game Changer for Noodle Makers
Competitive Landscape
Companies Shift to Premium Variants as Lower-Price Noodles Market Saturates
Top Ten Instant Noodle/ Ramen Products
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Acecook Vietnam Joint Stock Company (Vietnam)
Ajinomoto Co., Inc. (Japan)
Blue Dragon (UK)
Kohlico Group (UK)
Mamee-Double Decker (M) Berhad (Malaysia)
Nestle India Ltd. (India)
New Dragon Asia Food (Yantai) Co., Ltd. (China)
Nissin Foods Holdings Co., Ltd. (Japan)
Nong Shim Co., Ltd. (Korea)
PT. Indofood Sukses Makmur TBK (Indonesia)
Samyang Foods Co., Ltd. (Korea)
Sco-Fro Foods Ltd. (UK)
Tat Hui Foods Pte Ltd. (Singapore)
Thai President Foods Public Company Limited (Thailand)
Tingyi (Cayman Islands) Holding Corp. (China)
Toyo Suisan Kaisha, Ltd. (Japan)
Uni-President Enterprises Corp. (Taiwan)
3. MARKET TRENDS & DRIVERS
Asian Countries Form the Crux of Instant Noodles of the Market
Leading Instant Noodle Brands in the Select Major Instant Noodle Consuming Countries Worldwide
Popular Noodle Varieties in Various Geographic Regions
Instant Noodles Gain Prominence as a Vehicle for Food Fortification
Robust Demand for Instant Noodles Fashions Wheat into a Profitable Crop
Rice Noodles Emerge as a Healthy Alternative to Other Instant Noodles
Issues Confronting the Industry
Revolutionizing Impact of Instant Ramen Alarms Keepers of Culinary Cultures
Japan: A Victim of Its Own Popular Invention
Potential Health Issues Dog Instant Noodle Consumption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
United States
Canada
Japan
China
Europe
France
Germany
Italy
United Kingdom
Spain
Russia
Rest Of Europe
Asia-Pacific
Australia
India
South Korea
Rest Of Asia-Pacific
Latin America
Argentina
Brazil
Mexico
Rest Of Latin America
Middle East
Iran
Israel
Saudi Arabia
United Arab Emirates
Rest Of Middle East
Africa
IV. COMPETITION
Total Companies Profiled: 84
For more information about this report visit https://www.researchandmarkets.com/r/e1s70p
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