The Instant Noodles Global Market Report 2023, provides comprehensive information on the instant noodles market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/instant-noodles-global-market-report
The global instant noodles market size is expected to grow from $52.73 billion in 2022 to $55.77 billion in 2023 at a compound annual growth rate (CAGR) of 5.76%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global instant noodles market size is expected to reach $71.83 billion in 2027 at a CAGR of 6.53%.
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Product innovation is the key trend gaining popularity in the instant noodles market. Major companies operating in the instant noodles market are focused on developing innovative products to strengthen their position in the market. For instance, in April 2022, Yu Foodlabs, India based instant meal bowls food brand, launched two signature instant noodle bowls with unique and appetizing flavors, Zingy Cheese and Chilli Manchurian. Zingy Cheese noodles are made with cheddar cheese, spring onions, and corn kernels. that provides 100% natural, ready-to-eat cup noodles that require only 5 minutes to prepare by simply adding hot water and containing no preservatives or artificial additives. Manchurian sauce perfectly complements the noodles and vegetables. Both flavors are inspired by the aesthetics of Indo-Chine cuisine, the latest offerings are free from preservatives and are provided at affordable prices.
The instant noodles market is segmented:
1) By Type: Fried Noodles, Non-Fried Noodles
2) By Packaging: Packets, Cups
3) By Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Other Distribution Channels
Asia-Pacific was the largest region in the instant noodles market in 2022.
The table of contents in TBRC’s instant noodles market report includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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