Global Market Demand for Instant Noodles is expected to Reach 145.8 Billion Packs By 2020: Instant Success in Instant Noodles Industry - An Investment Opportunity for Entrepreneurs, Manufacturing Plant, Detailed Project Report, Profile, Business Plan
Wednesday, February 22, 2017
Global Market Demand for Instant Noodles is expected to Reach 145.8 Billion Packs By 2020: Instant Success in Instant Noodles Industry - An Investment Opportunity for Entrepreneurs, Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost and Revenue, Plant Economics, Production Schedule, Working Capital Requirement, Plant Layout, Process Flow Sheet, Cost of Project, Projected Balance Sheets, Profitability Ratios, Break Even Analysis
Instant noodles are a precooked and usually dried noodle block, sold with flavoring powder and/or seasoning oil. The flavoring is usually in a separate packet, although in the case of cup noodles the flavoring is often loose in the cup. Some instant noodle products are seal packed; these can be reheated or eaten straight from the packet. Dried noodle blocks are cooked or soaked in boiling water before eating.
The main ingredients used in dried noodles are wheat flour, palm oil, and salt. Common ingredients in the flavoring powder are salt, monosodium glutamate, seasoning, and sugar.
The emergence of instant noodles has added a new dimension to consumers’meals; noodles are being consumed not just by kids (who are the core target audience) as an evening snackor a ‘tiffin’ meal but by consumers across all age groups, as an eating option beyond the ‘mundane’ ones. While it continues to be a home snack, it is also increasingly being consumed at work place, colleges, etc. Geographically too, the appetite for instant noodles is growing with players now eyeing the semi-urban and rural markets.
India is the most attractive Instant Noodles market in the world. Instant Noodles market matured in India over the years but still it is limited to few players. Urbanization, rising income levels, working couples, interstate migration and changing lifestyle of young India are key drivers for the noodles market. The product was positioned as meal which is filling and can be prepared in just a few minutes, thus offering both convenience and time saving.
Market witnessed a growth of 7.4% from 2010 to 2014. Despite of ban on instant noodles in some states of India for short time, instant noodles market will witness a growth of 6.55% till 2020.
Patanjali Group has launched Noodles in India with name “Patanjali Atta Noodles” and they are promoting it as healthy noodles made from wheat floor.
The global market for instant noodles is projected to reach 145.8 billion packs by 2020, driven by the launch of innovative flavors customized to regional preferences and the rising tide of the convenience food trend in emerging markets. Busy lifestyles, growing number of working women, increasing desire of minimal cooking efforts, and reduced labor time for cooking are among the key factors driving growth in the instant noodles market.
Few Indian Major Players are as under
· Indo Nissin Foods Ltd.
· M T R Foods Pvt. Ltd.
· Nestle India Ltd.
· Om Oil & Flour Mills Ltd.
· Surya Agroils Ltd.
· Vikas W S P Ltd.
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