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Instant Noodles Market Trends

Release time:

Nov 20,2022

Classification:

Industry News
News

The global instant noodles market reached a value of US$ 49.8 Billion in 2021. Looking forward, expected the market will reach US$ 67.1 Billion by 2027, exhibiting a CAGR of 5.03% during 2022-2027.

The global instant noodles market is primarily driven by the growing popularity of various convenient and ready-to-eat food products due to their cost-effectiveness, portability, storability, minimal cooking time, and longer shelf life. This is further influenced by rising disposable incomes, hectic lifestyles, and busy working schedules of consumers, especially the escalating middle-class population. Moreover, the increasing demand for flavored appetizers and snack items with several nutritional components has encouraged manufacturers to launch gluten-free and vitamin-enriched product variants, which, in turn, is favoring market growth. Additionally, the advent of instant cup noodles in new exotic flavors, colors, textures, and spices to cater to evolving consumer tastes and preferences, supported by their easy availability across online and offline distribution channels, is positively impacting the market growth. Besides this, ongoing celebrity endorsements and the continuous development of several vegetarian and non-vegetarian variants in effective packaging by key players are contributing to the market growth.