New York, NY, June 30, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Instant Noodles Market By Type (Chicken, Vegetables, Sea Food, & Others), By Modality (Fried & Non-Fried), By Ingredient (Oats, Rice, Wheat, & Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 - 2026”.
“According to the recent research report, the demand of global Instant Noodles Market size & share expected to reach to USD 73.55 Billion by 2026 from USD 45.67 Billion in 2020, at a compound annual growth rate (CAGR) of 6% during the forecast period 2021 to 2026”
Global Instant Noodles Market: Overview
Instant noodles or ramen are a form of noodles that are often produced for instant consumption with simple means of preparedness such as hot water, microwaving, or cooking for minimal amounts of time. The main ingredients in the noodles are wheat flour, palm oil, and salt while the other common ingredients include salt, monosodium glutamate, seasoning, and salt. The driving factors for the aggressive growth of the instant noodles market are rising COVID-19 cases, increased lockdown measures, the inclination of consumers for home-cook meals, and storing of longer durable food products. Additionally, factors pertaining to convenience, taste, nutrition, and affordable price related to instant noodles will further boost the growth of the market to a larger extent.
The increasing trend of convenience food coupled with hectic work schedules for a majority of the working population will add fuel to the fire for the growth of the global instant noodles market. Integration of organic supplements coupled with added functionalities such as longer shelf life, and a wider selection of products will further open new market revenue opportunities for the global instant noodles market. Increased dependencies from the middle class on home cook meals will further boost the sales of the global instant noodles market.
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Market Dynamics
The global instant noodles market can be divided into chicken, vegetables, seafood, and others on the basis of type. The chicken segment is expected to occupy the largest market share during the forecast and dominate the segment owing to increasing consumer preference for nutritional elements and affordable prices. Furthermore, increased protein and carbohydrate sources will increase the market share for the segment during the forecast.
The global instant noodles market can be fragmented into supermarkets/hypermarkets, convenience stores, online retail, and others on the basis of distribution channels. The supermarket/hypermarkets segment is expected to witness the largest market share during the forecast owing to the rising number and increased investments. Furthermore, factors such as dedicated shelves and informative boards will further increase the market share during the forecast.
Here are some noteworthy developments for the global instant noodles market during the forecast:
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Global Instant Noodles Market: Growth Factors
The driving factors for the global instant noodle market are the outbreak of COVID-19 leading to lockdown measures by governments across the globe and the majority of consumers switching to home-cooked meals and stocking of food items for a longer duration of time. Additionally, instant noodles offer a wider range of benefits such as convenience, taste, nutrition, and affordable price. These factors are expected to propel the growth of the global instant noodles market to a larger market share during the forecast. Increasing consumer awareness about a healthier dose of noodles and fortified and durable consumables and beverages will further increase the appeal of instant noodles for a wider consumer base. Rising trend of convenience food coupled with hectic work schedule of the working population is expected to open new revenue opportunities for the global instant noodle market.
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Asia-Pacific Is Expected To Witness the Largest Market Share During The Forecast Period
Asia-Pacific is expected to occupy the largest market share during the advent of the forecast in terms of global revenue contribution. Factors that are responsible for the dominant market share in the global perspective can be attributed to densely populated regions and rising disposable incomes. Additional factors such as the hectic lifestyle of the working population, overall improvement of well-being, and rising willingness to spend on additional beverages and consumables.
Browse in the full report “Instant Noodles Market By Type (Chicken, Vegetables, Sea Food, & Others), By Modality (Fried & Non-Fried), By Ingredient (Oats, Rice, Wheat, & Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” at
The global instant noodles market can be segmented into:
Global Instant Noodles Market: By Type Segment Analysis
Global Instant Noodles Market: By Modality Segment Analysis
Global Instant Noodles Market: By Ingredient Segment Analysis
Global Instant Noodles Market: By Distribution Channel Segment Analysis
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