China Instant Noodle Market:
Growth Opportunities in the China Instant Noodle Market look promising over the next six years. This is mainly due to the growing middle-class population, rising disposable income of consumers, rapid urbanization, increasing awareness associated with the taste and brands among popularity, the fundamentally shifting food preference of individuals, and the strong demand for convenient food.
China Instant Noodle Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The growing middle-class population, rising disposable income of consumers, rapid urbanization, and the strong demand for convenient food are the key drivers responsible for the growth of the China instant noodle market. Furthermore, the growing working population due to the busy schedule of people has increased the demand for affordable and ready-to-cook products. This factor is fuelling the demand of the market during the forecast period. The increasing awareness associated with the taste and brands among popularity, followed by the fundamentally shifting food preference of the individual, will surge the growth of the China instant noodle market. Moreover, the high adoption of modern culture and the fundamentally changing food habits of consumers are further stimulating the growth of the market. For example, according to the World Instant Noodles Association (WIND), the demand for instant noodles in China is around 41,450 million servings and more than 38% of global consumption in 2019. However, the factors hindering the growth of the China instant noodle market include the increasing health concerns associated with the use of unhealthy ingredients in the instant noodle.
Product Segment Drivers
Based on the product, the fried instant noodles is projected to rise at a faster CAGR in the coming years due to the rising consumer preference for flash-fried noodles in China. In addition to this, the fried noodles aid in protecting bacterial growth and maintaining the flavor, which will bolster the market growth.
Distribution channel Segment Drivers
Based on the Distribution Channel, the supermarket is projected to lead the market in the coming years due to the easy accessibility of numerous products and flavors of instant noodles. Additionally, the fundamental change in consumer preference and the launch of new kinds of instant noodles through this channel will further energize the growth of the market.
China Instant Noodle Market’s leading Manufacturers:
- Master Kong Instant Noodle Foodstuff Co. Ltd.
- Uni-President Enterprises Corporation
- Nissin Food Products Co. Ltd.
- Jinmailang Noodle Products Co Ltd
- Baixiang Food Co. Ltd.
- Hebei Hualong Food Group
- ITC Limited
- Samyang Foods, Inc.
- Nongshim Co., Ltd
China Instant Noodle Market Segmentation:
Segmentation by Product:
- Fried Instant Noodles
- Non-Fried Instant Noodles
Segmentation by Distribution Channel:
- Convenience Stores
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