Global Noodles Market 2017-2021
The concept of packaged food originated with the need for easy-to-cook and easy-to-consume foods. Noodles is a staple food made from unleavened dough, which is extruded, stretched, or rolled flat and cut into one or different shapes. A noodle is a narrow strip made from flour or rice or egg dough, which is rolled thin and dried, boiled, and served in soups or casseroles.
Technavio’s analysts forecast the global noodles market to grow at a CAGR of 5.20% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global noodles market for 2017-2021. To calculate the market size, the report considers sales, volume, and value.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Noodles Market 2017-2021
Technavio recognizes the following companies as the key players in the global noodles market: Nestlé, NISSIN FOODS, PT INDOFOOD SUKSES MAKMUR, Ting Hsin International Group, Toyo Suisan Kaisha, and Unilever.
Other Prominent Vendors in the market are: ACECOOK VIETNAM, AJINOMOTO, C.J. Group, Conagra Brands, House Foods Group, ITC, Inbisco, Kraft Heinz, NONGSHIM, OTTOGI, Pinehill Arabia Food, SANYO FOODS, VIFON (VIETNAM FOOD INDUSTRIES JOINT STOCK COMPANY), and Winner Foods.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of natural additives. The composition and protein content in wheat flour are vital for the cooking quality of noodles and noodle products. The purpose of adding natural proteins to noodles dough is mainly to improve nutritional quality and to maintain a strong dough structure.”
According to the report, one driver in the market is growing demand for convenient food products. Instant noodles have gained considerable popularity during the last few years, as consumers who lead busy and hectic lifestyles prefer packaged foods like instant noodles, which can be prepared and consumed easily. Many countries around the world are experiencing rapid developments and rapid rates of urbanization in recent years. Such an expansion of the urban population base is resulting in new diet habits and preferences for international food trends.
Further, the report states that one challenge in the market is health concerns affecting sales. Concerns regarding the negative impacts of noodles and noodle products consumption, especially the instant varieties, continue to challenge the market's growth. Instant noodles are not easily digestible and are retained in the gastrointestinal tract for a long period. This affects nutrient absorption. Most noodles and noodle products have low nutrient content, and have high amounts fat and sodium, which can potentially increase the risk of metabolic syndromes, according to a study conducted in South Korea.
Nestlé, NISSIN FOODS, PT INDOFOOD SUKSES MAKMUR, Ting Hsin International Group, Toyo Suisan Kaisha, and Unilever.Other Prominent Vendors in the market are: ACECOOK VIETNAM, AJINOMOTO, C.J. Group, Conagra Brands, House Foods Group, ITC, Inbisco, Kraft Heinz, NONGSHIM, OTTOGI, Pinehill Arabia Food, SANYO FOODS, VIFON (VIETNAM FOOD INDUSTRIES JOINT STOCK COMPANY), and Winner Foods.