Research On Global Markets has announced the addition of a market research report titled “Instant Noodles Market In India 2017” to their offering. According to the report, the instant noodles market in India is predicted to expand at a compound annual growth rate (CAGR) of approximately 6.1% and reach a value of INR 51.1 Bn till 2020. The World Instant Noodles Association has acknowledged India as the fourth-largest instant noodles market in the world, with approximately 3.26 Bn servings in 2015. Consistent growth, and increasing consumer acceptance have made this market a lucrative option for various players.

The research report also indicates that a growing millennial population, and increasing number of working people are driving the consumption of packaged food products, such as instant noodles, in India. Also, the introduction of several innovative products, which are distinctive in terms of new flavors, healthy ingredients, and packaging is also a major growth driver for the market. Depending on these factors, consumption of instant noodles has been increasing at a considerable rate in India, during the past few years.

However, price sensitivity plays a significant role in hindering the growth of the instant noodles industry across the country. Also, most people in rural areas are unaware of the presence of various brands unless they see them at their local store. Hence, lack of a well-established distribution network acts as a challenge for the instant noodles market in India.

Research On Global Markets tracks the performance of the major players in the instant noodles market in India. Nestle enjoys the highest market share (60%), followed by ITC. Other notable players in the market are Hindustan Unilever Limited, CG Foods India Private Limited, Indo Nissin Foods Private Limited, and Patanjali Ayurved Limited, among others.

Key highlights of this report:

  • Global Instant Noodles Market – Current Market Scenario and Global Demand (2015)
  • Instant Noodles Market in India –Market Overview, Size and Growth Forecast
  • Export of Instant Noodles – Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Sep)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Sep)}
  • Export of Instant Noodles – Region-Wise Exports (Value-Wise: FY 2015 and FY 2016; Volume-Wise: FY 2015 and FY 2016)
  • Import of Instant Noodles –Size {Value-Wise; FY 2013 – FY 2016-2017 (Apr-Sep)} and {Volume-Wise; FY 2013 – FY 2016-2017 (Apr-Sep)}
  • Import of Instant Noodles – Region-Wise Imports (Value-Wise: FY 2015 and FY 2016; Volume-Wise: FY 2015 and FY 2016)
  • Key market opportunities 
  • Key growth drivers of the market
  • Key deterrents to the growth of the market
  • Analysis of the competitive landscape

This report has been formulated and designed with the purpose of giving businesses a concise understanding of the demand for instant noodles in India to determine the viability of the market, develop strategies based on the drivers, and to help brands identify competition and respond accordingly.

Check out the Research on Global Markets report featured in this article:

Instant Noodles Market in India 2017
February 2019 | 50-60 Pages | SKU: 201880

NameAnkita Basu
Emailankita.basu@netscribes.com
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