Market Snapshot:
The growth of the instant food market can be attributed to factors such as increasing disposable income, changing lifestyles, and increasing demand for convenience food. On the basis of type, the global instant food market is segmented into instant noodles, instant pasta, instant soup, instant meat products, and other (pre-cooked cereals). Among these segments, the instant noodles segment dominates the global instant food market. There has been a proliferation of fast-food chains in recent years, which has led to an increase in the demand for instant foods products. This may be due to its easy preparation and low price. However, as consumer trends toward healthy eating change; there is a growing demand for healthier alternatives such as organic or whole-grain noodles, which are expected to see high growth rates in the next few years. By application type, supermarkets/hypermarkets account for the majority of sales in the global ready-to-eat market, followed by traditional grocers and online retail respectively.
Highlights from Instant Food Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.0% |
The key Vendors profiled in the report are NISSIN FOODS. (Japan), Unilever (United Kingdom), Nestle (Switzerland), Uni-President Enterprises (Taiwan), Ajinomoto Co., Inc. (Japan), Indofood (Indonesia), Capital Foods Pvt. Ltd. (India), Monde Nissin (Philippines), Korea Yakult co., Ltd (South Korea), SYMINGTONS LTD. (United Kingdom), TOYO SUISAN KAISHA, LTD. (Japan) and OTTOGI CORPORATION.,Ltd (South Korea).
Geographic Breakdown and Segment Analysis
The Global Instant Food market presents a comprehensive analysis of the Instant Food market by product type (Instant Noodles, Instant Soups, Instant Pasta, Instant Meat Products, Instant Precooked Cereals and Others), by end-user/application (Restaurant, Household and Others), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Instant Food industry. Investors and Vendors can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Instant Food market
Analyst at AMA have segmented the market study of Global Instant Food market by Type, Application and Region.
Influencing Trend:
Increasing Consumption of Instant Food in China and The Asian Countries
Market Growth Drivers:
The rise in Demand for Quick Meal In Coronavirus Pandemic and Growing urbanization and changing lifestyles of people in the world
Challenges:
Market Presence with Numerous Players Pose a Challenge for Instant Food and Lacking in Promotional Activities Constraining Instant Food Market Value
Restraints:
Regulatory Guidelines Associate with Food Product May Restraint Market Growth
Opportunities:
Wide Range of Instant Food Leads Growth in Distribution Market B2B and B2C
Market Developments Activities:
On 05 August 2021, Leeds-based snack and instant meal manufacturer Symington has been acquired by Italian firm Newlat Food for £53 million. The deal represents a 5.5x multiple of the firm’s last reported EBIDTA of £9.6 million, generated on turnover of £114 million in the year ending August 2020. After experiencing surging demand during Covid-19 lockdowns, Symington began exploring a sale earlier this year. The firm is a major force in the UK’s £385 million per year hot snacks sector, manufacturing well-known brands including Chicken Tonight, Ragu and Mug Shot, among others.
In November 2023, The Peninsular Export Company has recently launched SAARRU, India’s first native soup with local variants. The brand offers three varieties of soup mixes based on regional cuisine and will soon be expanding its portfolio by adding more flavours. Available in both the B2C and B2B markets across Tamil Nadu, the soups are also available on SAARRU’s e-commerce website and other e-commerce platforms such as Flipkart and Jiomart.
Regulatory Insights:
“As per FSSAI the place where food is manufactured, processed or handled shall comply with the following requirements: The premises shall be located in a sanitary place and free from filthy surroundings and shall maintain overall hygienic environment. All new units shall set up away from environmentally polluted areas. The premises to conduct food business for manufacturing should have adequate space for manufacturing and storage to maintain overall hygienic environment The premises shall be clean, adequately lighted and ventilated and sufficient free space for movement.”
Global instant food companies are exploring the market, adopting expansion, investment, the launch of new services, and collaboration as their preferred strategy. Players are exploring new territories through expansion and acquisitions globally to gain a competitive edge through combined collaboration. Players offer a variety of instant foods in the marketplace through both offline and online sales channels. A rapidly changing world workplace culture is driving more production of instant food.
Key Target Audience
Instant Food Manufacturers, Instant Food International Traders, Instant Food Distributors and Suppliers, Research and Development Institutes, Instant Food Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others