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India Instant Noodles Market Forecast to 2023

The instant noodles market in India has valued at INR 93.66 Bn in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% during 2018-2023.

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India Instant Noodles Market Forecast to 2023

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  1. Aarkstore Market Research

  2. Instant Noodles Market In India (2018–2023)

  3. Market insights • The instant noodles market in India has valued at INR 93.66 Bn in 2017 and is expected to expand at a compound annual growth rate (CAGR) of ~5.6% during 2018-2023. • Among the various companies operating in the market, Nestle enjoys the highest market share (~60%), followed by ITC. Owing to its high rate of market penetration, Nestle could retain its popularity even after the ban on the marketing and sales of Maggi, because of the presence of excessive levels of lead, by the Indian government, in 2015.  • The market is infested with several players, including Nestle India Ltd. (Maggi), ITC Ltd. (Sunfeast Yippee Noodles), Hindustan Unilever Ltd. (Knorr Soupy Noodles), GSK Consumer Healthcare Ltd. India (Foodles), Indo Nissin Ltd. (Top Ramen), and CG Foods India Pvt. Ltd. (WaiWai), among others.

  4. Market drivers • A growing millennial population and increasing customers who are working-class are driving the consumption of packaged food products, such as instant noodles, in India. • Also, the companies have recently introduced several products, which are distinctive in terms of new flavors, healthy ingredients, and packaging. Depending on these factors, consumption of instant noodles has been increasing at a considerable rate in India, during the past few years.

  5. Market challenges • A large part of the population comes from the middle or lower-middle class. Therefore, price sensitivity plays a significant role in hindering the growth of the instant noodles industry across the country. • Most people in rural areas are unaware of the various brands that are available unless they see them at their local store. Hence, the lack of a well-established distribution network acts as a challenge for the instant noodles market in India.

  6. Companies covered: • Capital Foods Pvt. Ltd.  • CG Foods India Pvt. Ltd.  • GSK Consumer Healthcare (India) Ltd. • Hindustan Unilever Ltd. • InbiscoIndia Pvt. Ltd. • Indo Nissin Foods Pvt. Ltd. • ITC Ltd.  • Nestle India Ltd. • PatanjaliAyurved • Thai Preserved Food Factory Co.Ltd

  7. RELATED REPORTS • Global Skim Organic Milk Powder Market Size study, by Type (Regular Type, Instant Type), Application (Instant Formulas, Confections, Bakery Products, Others) and Regional Forecasts 2019-2026 • Global GCC Countries Instant Cereals Market Report 2019 - Market Size, Share, Price, Trend and Forecast • Dried & Instant Noodles (Pasta & Noodles) Market in Asia-Pacific - Outlook to 2022: Market Size, Growth and Forecast Analytics

  8. About Us Aarkstore forms global market research reports from various industry verticals serving businesses worldwide. As market research report resellers, we partner with already established publishers for syndicated data and customized reports. Consequently, market research data by us is up-to-date and reliable for Industry analysis and future market forecasts.

  9. Contact Us AarkstoreEnterprisePhone:+91 7710006788Email:contact@aarkstore.com

  10. Thank You ! For More Details Please visit:https://www.aarkstore.com/food-beverages/1147405/instant-noodles-market-in-india-20182023 +91 9987295242|contact@aarkstore.com

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