$20+ Billion Noodles Market is Expected to Grow at a CAGR of over 3.5% During 2022-2028 | Vantage Market Research
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WASHINGTON, May 04, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Noodles Market finds that the increasing demand for convenient food and ready-to-eat products is expediting market growth. Primarily driven by rising popularity of Asian cuisine, the total Global Noodles Market is estimated to reach USD 20.2 Billion by the year 2028.
The Global Market revenue stood at a value of USD 16.5 Billion in the year 2021, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 3.5%.
Furthermore, the increase in working population is also anticipated to augment the growth of the Global Noodles Market, states Vantage Market Research, in a report, titled “Noodles Market Size, Share & Trends Analysis Report by Type (Cup Noodles, Fried Noodles, Frozen Noodles, Instant Noodles), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
The report analyzes the Noodles market competitive landscape and offers information on several market vendors.
An Exclusive study come up with Vantage Market Research experienced researchers projected value of USD 20.2 Billion at a CAGR of 3.5%.
It offers additional highlights and key points on various market segments and their impact in the coming years.
The sample report includes Latest Drivers and Trends in the Market.
Comprehensive information on factors that will assist Noodles market growth during the next five years.
The report offers predictions on upcoming trends and changes in consumer behavior.
Comprehensive study involving market types, application and end-users.
To understand more about Market Dynamics, get access to our free sample report.
Market Dynamics:
Increasing Demand for Convenient & Ready-To-Eat Food Products to Fuel Global Noodles Market
The increasing demand for convenient food and ready-to-eat products is expected to fuel the growth of the Noodles Market during the forecast period. In recent years, there has been a significant increase in demand for convenient and ready-to-eat food products. As the number of individuals working rises, more people are leading stressful lives. As a result, there was a significant surge in demand for ready-to-cook items. According to data published by Unione Italiana Food and ICE Agency, consumption of these products increased during the lockdown in Italy, Germany, France, and the United States. The largest exporting countries of these products showed a 31% growth in demand due to rising customer demand for ready-to-cook food. These foods are also less expensive and simpler to prepare, making them a popular choice among working people. Furthermore, a major expansion in the number of large retail formats worldwide, such as convenience stores, specialty stores, and hypermarkets & supermarkets, is also driving demand for such convenient products.
The Noodles Market Covers the Following Key Insights & Findings:
Exclusive Summary: Basic statistics on the global Noodles market.
The changing effect on market dynamics: global part provides driving factors, trends, challenges and opportunities; post-COVID analysis.
View 2022-2028 by type, end user and region/nation.
Evaluate industry by market segments, countries/regions, manufacturers/companies, revenue share and sales of these companies in these various regions of major countries/regions (2022-2028).
Understand the structure of the Noodles market by identifying its various sub-segments.
Researchers shed light on market dynamics, such as drivers, restraints, trends, and opportunities.
It offers massive data about the trending factors that will influence the progress of the market.
In-depth understanding of Noodles Market drivers, restraints, and major micro markets.
Regional analysis: Asia Pacific Region to Stand Firm on its Leading Position in the industry.
Free Report Customization: This report can be customized according to specific client needs.
Key Strategic Developments: The study also includes the key strategic developments of the market, new product launch, comprising R&D, mergers and acquisitions, collaborations, joint ventures, agreements, partnerships, and regional growth of key competitors operating in the market globally and regionally.
Growing Popularity of Asian Cuisine to Augment Market Growth
The growing popularity of Asian cuisine is anticipated to augment the growth of the Noodles Market within the estimated period. Noodles, specifically rice noodles, have become extremely popular in most parts of the world. Fresh, frozen, and dried rice noodles in a variety of forms and textures are available, making it acceptable for individuals of all ages and ethnicities. The item's adaptability allows it to be used with a wide range of ingredients, spices, and sauces, further enhancing its renown. The fact that it does not include wheat flour and so is naturally gluten-free, makes it ideal for people with gluten intolerance and celiac disease is a crucial element boosting market growth. Rice noodles are also a healthier option to yellow egg noodles, and hence vegans and vegetarians like them. Further, according to research provided by Meituan-Dianping in 2017, over 600,000 Chinese fine dining restaurants have seen significant expansion worldwide. In addition, both major and small restaurants have begun to provide Asian cuisine, including rice noodle meals on their menus. Asian cuisine, which was once thought of as tasty but inexpensive fast food, has transformed its image, and today's diners perceive it as a highly valuable meal due to its complex taste, flavours, and health advantages.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the food & beverage industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
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The report on Noodles Market highlights:
Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics
Regional Analysis:
Asia Pacific to Dominate the Global Noodles Market
Asia Pacific has dominated the Global Noodles Market in 2021 and is likely to continue the same trend during the forecast period. This is attributable to the increasing intake of noodles owing to the surging population. Further, the rising shift of consumers towards ready-to-eat (RTE) products like instant noodles due to the busy lifestyles is also anticipated to augment the regional growth of the market. Additionally, the availability of several options among flavours and types such as, cup noodles, chicken noodles among others is also likely to support the growth of the market in the region.
List of Prominent Players in the Noodles Market:
Uni-President
Beltek Foods
Nestle
Mandarin Noodle
Sanyo Foods
Master Kong Maruchan
Nissin Foods
Indofood
Nong Shim
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on "Noodles Market Size, Share & Trends Analysis Report by Type (Cup Noodles, Fried Noodles, Frozen Noodles, Instant Noodles), by Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/noodles-market-324536
Recent Developments:
February, 2021: Marico announced the launch of instant noodles. The launch of instant noodles under the Saffola Oodles brand is in line with the company’s focus on strengthening its foothold in the healthy, ready-to-cook snacking category and widening its demographic relevance.
November, 2020: Sunfeast YiPPee announced the launch of a new instant noodles category, ‘Noodles in a Bowl’ with the launch of Quik Mealz. The newest offering brings a welcome change in the segment in the country as instant noodles will now be available to consumers in a Bowl format.
Key Questions Answered in Electric Scooter Market Report:
Which manufacturing technology is used for Noodles Market?
What developments are happening in that technology?
What trends are causing these developments?
Who are the global key players in this market?
What are your company profile, your product information and contact information?
What was Global Market Status of Noodles industry?
What was capacity, Production Value, Cost and PROFIT of Market?
What is current Market Status Noodles Industry?
What is the market competition in this industry, both company and country wise?
What's Market Analysis of Market by Taking Applications and Types in Consideration?
What should be Entry Strategies, Economic Impact Countermeasures, and Marketing Channels for Noodles industry?
This market titled “Noodles Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
• Distribution Channel • Supermarkets and Hypermarkets • Convenience Stores • Specialist Retailers • Online Stores • Others
• Region • North America • Europe • Asia Pacific • Latin America • Middle East & Africa
Region & Counties Covered
• North America • U.S. • Canada • Mexico
• Europe • U.K • France • Germany • Italy • Spain • Rest Of Europe
• Asia Pacific • China • Japan • India • South Korea • South East Asia • Rest Of Asia Pacific
• Latin America • Brazil • Argentina • Rest Of Latin America
• Middle East & Africa • GCC Countries • South Africa • Rest Of Middle East & Africa
Companies Covered
• Uni-President
• Beltek Foods
• Nestle
• Mandarin Noodle
• Sanyo Foods
• Master Kong Maruchan
• Nissin Foods
• Indofood
• Nong Shim
Report Coverage
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
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