Product ID: SQMIG30I2185
Global Instant Noodles Market Size, Share, Growth Analysis, By Type(Chicken, vegetables), By Raw Material(Oats, rice) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2185 |
Region:
Global |
Published Date: February, 2024
Pages:
232
|
Tables:
63 |
Figures:
65
Global Instant Noodles Market Insights
Instant Noodles Market size was valued at USD 51.65 billion in 2019 and is poised to grow from USD 54.6 billion in 2023 to USD 81.84 billion by 2031, growing at a CAGR of 5.95% in the forecast period (2024-2031).
Consumer eating habits have changed as a result of increased urbanization and disposable income. In addition, it is anticipated that the global market for instant noodles would be driven in the future years by customers' rising need for ready-to-cook foods that require less preparation time. Moreover, fortified instant noodles are anticipated to draw the population who are health aware, which would benefit market expansion. Throughout the projected period, the market is anticipated to rise significantly. Because they contain a variety of nutrients, such as dehydrated veggies and animal-based proteins, which can sometimes substitute for meals in some areas, instant noodles are typically excellent at filling the stomach. Manufacturers' extensive marketing efforts using cutting-edge tactics and creative advertising are also helping the industry expand.
The need for ready-to-eat food products that are quick to prepare and consume without interfering with every day routines is being driven by people's demanding work schedules. Because they provide numerous advantages to consumers, such as quick appetizers, a longer shelf life, and more availability in the global market, convenient food products have grown immensely in popularity. One of the most well-liked consumer snacks, this kind of noodle is rapidly gaining popularity on the international market, which will support growth during the predicted period. The market has a huge possibility to grow as a result of this change in consumers' eating habits. The use of chemical preservatives in such goods, however, results in metabolic syndrome and other health problems in children and young people, including diabetes, hypertension, and others; as a result, this factor is delaying the growth of the global instant noodles market. Other elements, such as rising public knowledge of the benefits of using organic, fresh, and home-cooked food, could provide new challenges for the market.
US Instant Noodles Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Instant Noodles Market Report Snapshots
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