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Noodles Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Oct 2022
  • Pages: 132
  • SKU: IRTNTR43425
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The noodles market share is expected to increase by USD 15.97 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.73%.

This noodles market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the noodles market segmentation by product (instant noodles and dried and others) and geography (APAC, North America, Europe, the Middle East and Africa, and South America). The noodles market report also offers information on several market vendors, including Acecook Vietnam Joint Stock Co., Ajinomoto Co. Inc., Beltek (Huizhou) Foods Co. Ltd., Capital Foods Pvt. Ltd., CJ CheilJedang Corp., Conagra Brands Inc., House Foods Group Inc., ITC Ltd., Mandarin Noodle, Nestle SA, Nissin Foods Holdings Co. Ltd., NONGSHIM AMERICA, INC., Noodles and Co., Ottogi Co. Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, QQ Famous Noodles, Sanyo Foods Corp. of America, Thai President Foods Public Co. Ltd., Uni-President Enterprises Corp., and Unilever PLC among others.

What will the Noodles Market Size be During the Forecast Period?

Noodles Market Size

Download Report Sample to Unlock the Noodles Market Size for the Forecast Period and Other Important Statistics

 

Noodles Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global noodles market.

Key Noodles Market Driver

The Increasing demand for regional and ethnic cuisines is a key factor driving the global noodles market growth. The increasing demand for regional and ethnic culinary flavors is driving the growth of Asian cuisine. The rising demand for Asian cuisine in the food service sector, through the increasing number of noodle shops, has been encouraging retailers to stock a wide variety of noodles, making the product more readily available to consumers. With the increasing Asian expatriate population base in most major countries, the demand for regional and ethnic culinary flavors in instant noodles is growing significantly. The Italian expatriate base accounts for 6% of the US population. This has led to a surge in demand for noodles that have Italian flavors. Furthermore, Asians also account for close to 6% of the US population, thereby fueling higher demand for noodles. In addition, the Millennial population base in the US seeks variety and different flavors in food products. Some of the cuisines that are popular among Millennial consumers are Chinese, Korean, Southeast Asian, and Vietnamese food.  Hence, the increasing demand for regional and ethnic cuisines is expected to drive the growth of the global noodles market during the forecast period.

Key Noodles Market Trend

The use of natural additives will fuel the global noodles market growth. The composition and protein content of wheat flour are vital for the cooking quality of noodles and noodle products. The purpose of adding natural proteins to noodle dough is mainly to improve nutritional quality and maintain a strong dough structure. Some exogenous proteins can affect the gluten in the dough by enhancing the noodle dough structure and improving the chewiness of the final product. Major companies have announced their decision to use only natural additives in their noodles and noodle products. Kraft Foods, for instance, announced that its boxed noodles products would be colored with natural ingredients such as paprika, annatto, and turmeric. Such factors will increase the market growth during the forecast period.

Key Noodles Market Challenge

The fluctuating raw material prices are the major challenge to the global noodles market growth. Raw materials such as wheat (the main ingredient), aluminum, paper, and plastics (for packaging) have volatile prices based on their availability. Also, the growing gap between supply and demand in recent years has increased the costs of raw materials considerably. Any increase in the price of raw materials, such as plastic increases the manufacturing cost of packaging and leads to lower profit margins for vendors. Furthermore, to remain competitive in the market, manufacturers are experimenting with low-cost substitutes, which might compromise the quality of the product. Also, raw material suppliers can increase prices based on demand, which raises the manufacturing cost. All these factors are hindering the growth of the global noodles market.

This noodles market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global noodles market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the noodles market during the forecast period.

Who are the Major Noodles Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Acecook Vietnam Joint Stock Co.
  • Ajinomoto Co. Inc.
  • Beltek (Huizhou) Foods Co. Ltd.
  • Capital Foods Pvt. Ltd.
  • CJ CheilJedang Corp.
  • Conagra Brands Inc.
  • House Foods Group Inc.
  • ITC Ltd.
  • Mandarin Noodle
  • Nestle SA
  • Nissin Foods Holdings Co. Ltd.
  • NONGSHIM AMERICA, INC.
  • Noodles and Co.
  • Ottogi Co. Ltd.
  • PT INDOFOOD SUKSES MAKMUR Tbk
  • QQ Famous Noodles
  • Sanyo Foods Corp. of America
  • Thai President Foods Public Co. Ltd.
  • Uni-President Enterprises Corp.
  • Unilever PLC

 

This statistical study of the noodles market encompasses successful business strategies deployed by the key vendors. The noodles market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • acecookvietnam.vn - The company offers noodles such as Hao Hao noodles, oatmeal noodles and Siukay instant noodles.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Noodles Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the noodles market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global food, beverage, and tobacco market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Noodles Market?

Noodles Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

80% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for the noodles market in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The Increasing demand for regional and ethnic cuisines will facilitate the noodles market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020, the COVID-19 outbreak resulted in thousands of deaths in China and other APAC nations, which compelled governments of various countries in the region to impose lockdowns to contain the spread of the disease. This led to the temporary closure of offline retail stores and manufacturing units of noodles in the region. In 2021, the initiation of large-scale COVID-19 vaccination drives by the governments of APAC countries led to the lifting of lockdown restrictions and the resumption of activities in offline retail channels. This increased the demand for noodles from retail channels, such as hotels, restaurants, and food service outlets. Online shopping has been on the rise as many people were working from home and preferred the convenience of shopping and getting things from the comfort of their own homes. This will contribute to the rise in sales of noodles in APAC. Such factors are expected to drive the growth of the regional noodles market during the forecast period.

What are the Revenue-generating Product Segments in the Noodles Market?

Noodles Market Share

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The noodles market share growth in the instant noodles segment will be significant during the forecast period. Consumers are becoming more interested in instant noodles due to their low cost and availability in a variety of flavors in supermarkets and hypermarkets. People in cities like to buy instant noodles in addition to their regular shopping. Market players introduce new varieties in response to changing customer tastes, and supermarkets ensure that all of these products are available to attract more customers. Hence, the above-mentioned factors are driving the growth of the instant noodles segment in the global noodles market during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the noodles market size and actionable market insights on the post-COVID-19 impact on each segment.

You may be interested in:

Instant Noodles market - The market share is expected to increase by USD 5.06 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.23%.

Noodles Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.73%

Market growth 2022-2026

$15.97 billion

Market structure

Fragmented

YoY growth (%)

3.1

Regional analysis

APAC, North America, Europe, the Middle East and Africa, and South America

Performing market contribution

APAC at 80%

Key consumer countries

China, Japan, India, UK, and Germany

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Acecook Vietnam Joint Stock Co., Ajinomoto Co. Inc., Beltek (Huizhou) Foods Co. Ltd., Capital Foods Pvt. Ltd., CJ CheilJedang Corp., Conagra Brands Inc., House Foods Group Inc., ITC Ltd., Mandarin Noodle, Nestle SA, Nissin Foods Holdings Co. Ltd., NONGSHIM AMERICA, INC., Noodles and Co., Ottogi Co. Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, QQ Famous Noodles, Sanyo Foods Corp. of America, Thai President Foods Public Co. Ltd., Uni-President Enterprises Corp., and Unilever PLC

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Noodles Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive noodles market growth during the next five years
  • Precise estimation of the noodles market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the noodles industry across APAC, North America, Europe, the Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of noodles market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Instant noodles - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Instant noodles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Instant noodles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Instant noodles - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Instant noodles - Year-over-year growth 2021-2026 (%)
    • 5.4 Dried and others - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Dried and others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Dried and others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Dried and others - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Dried and others - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product
      • Exhibit 36: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 China - Market size and forecast 2021-2026
      • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.9 Japan - Market size and forecast 2021-2026
      • Exhibit 66: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 70: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Germany - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Acecook Vietnam Joint Stock Co.
              • Exhibit 89: Acecook Vietnam Joint Stock Co. - Overview
              • Exhibit 90: Acecook Vietnam Joint Stock Co. - Product / Service
              • Exhibit 91: Acecook Vietnam Joint Stock Co. - Key offerings
            • 10.4 Ajinomoto Co. Inc.
              • Exhibit 92: Ajinomoto Co. Inc. - Overview
              • Exhibit 93: Ajinomoto Co. Inc. - Business segments
              • Exhibit 94: Ajinomoto Co. Inc. - Key news
              • Exhibit 95: Ajinomoto Co. Inc. - Key offerings
              • Exhibit 96: Ajinomoto Co. Inc. - Segment focus
            • 10.5 Beltek (Huizhou) Foods Co. Ltd.
              • Exhibit 97: Beltek (Huizhou) Foods Co. Ltd. - Overview
              • Exhibit 98: Beltek (Huizhou) Foods Co. Ltd. - Product / Service
              • Exhibit 99: Beltek (Huizhou) Foods Co. Ltd. - Key offerings
            • 10.6 Capital Foods Pvt. Ltd.
              • Exhibit 100: Capital Foods Pvt. Ltd. - Overview
              • Exhibit 101: Capital Foods Pvt. Ltd. - Product / Service
              • Exhibit 102: Capital Foods Pvt. Ltd. - Key offerings
            • 10.7 CJ CheilJedang Corp.
              • Exhibit 103: CJ CheilJedang Corp. - Overview
              • Exhibit 104: CJ CheilJedang Corp. - Business segments
              • Exhibit 105: CJ CheilJedang Corp. - Key offerings
              • Exhibit 106: CJ CheilJedang Corp. - Segment focus
            • 10.8 Conagra Brands Inc.
              • Exhibit 107: Conagra Brands Inc. - Overview
              • Exhibit 108: Conagra Brands Inc. - Business segments
              • Exhibit 109: Conagra Brands Inc. - Key news
              • Exhibit 110: Conagra Brands Inc. - Key offerings
              • Exhibit 111: Conagra Brands Inc. - Segment focus
            • 10.9 House Foods Group Inc.
              • Exhibit 112: House Foods Group Inc. - Overview
              • Exhibit 113: House Foods Group Inc. - Business segments
              • Exhibit 114: House Foods Group Inc. - Key offerings
              • Exhibit 115: House Foods Group Inc. - Segment focus
            • 10.10 Mandarin Noodle
              • Exhibit 116: Mandarin Noodle - Overview
              • Exhibit 117: Mandarin Noodle - Product / Service
              • Exhibit 118: Mandarin Noodle - Key offerings
            • 10.11 Nestle SA
              • Exhibit 119: Nestle SA - Overview
              • Exhibit 120: Nestle SA - Business segments
              • Exhibit 121: Nestle SA - Key news
              • Exhibit 122: Nestle SA - Key offerings
              • Exhibit 123: Nestle SA - Segment focus
            • 10.12 Nissin Foods Holdings Co. Ltd.
              • Exhibit 124: Nissin Foods Holdings Co. Ltd. - Overview
              • Exhibit 125: Nissin Foods Holdings Co. Ltd. - Business segments
              • Exhibit 126: Nissin Foods Holdings Co. Ltd. - Key offerings
              • Exhibit 127: Nissin Foods Holdings Co. Ltd. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 128: Inclusions checklist
                • Exhibit 129: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 130: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 131: Research methodology
                • Exhibit 132: Validation techniques employed for market sizing
                • Exhibit 133: Information sources
              • 11.5 List of abbreviations
                • Exhibit 134: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Noodles market growth will increase by $10.85 billion during 2019-2024.
                The noodles market is expected to grow at a CAGR of 5.67% during 2019-2024.
                Technavio has segmented the noodles market by product (Instant noodles and Dried and others) and geographic (APAC, North America, Europe, MEA, and South America).
                Acecook Vietnam Joint Stock Co., House Foods Group Inc., Nestle SA, NISSIN FOODS HOLDINGS CO. LTD., PT INDOFOOD SUKSES MAKMUR Tbk, Thai President Foods Public Co. Ltd., Tingyi (Cayman Islands) Holding Corp., Toyo Suisan Kaisha Ltd., Unilever Group, Uni President Enterprises Corp. are a few of the key vendors in the noodles market.
                APAC will register the highest growth rate of 82.49% among the other regions. Therefore, the noodles market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                • China
                • Indonesia
                • Japan
                • Vietnam
                • India
                The key factors driving the noodles market growth are:
                • Increasing demand for regional and ethnic flavors
                The noodles market vendors should focus on grabbing business opportunities from the instant noodles segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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