About Instant Hotpot
Instant Hotpot is an improvised version of the traditional Chinese dish of hotpot, which is cooked using simmering stock of soup placed at the centre of the dining table. Instant hotpot on the other hand work on the principle of self-heating, that is it does not require any external source for heating rather some cold water needs to be poured into the tray for self-heating process to be activated. This is similar to how many Military MREs function. The Instant hotpot has several pre-cooked food such as rice, noodles, chicken, vegetables and fruits pieces as well as others, which is completely cooked after the self-heating process is activated for few minutes. Instant Hotpot have their largest market based in China, although it is steadily expanding its user base in other geographical regions such as North America and rest of Asia Pacific.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Growing innovation in the food and beverages market has led to the emergence and growth of the instant food such as instant hotpot. The instant hotpot which draws its inspiration from both traditional Chinese hotpot dish as well as military MREs are rising in popularity, because of their self-heating characteristic. China is currently the largest market of the Instant Hotpot. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haidilao International Holding Ltd. (China), Shanghai Moxiaoxian Food Co., Ltd. (China), Master Kong (China), Xiaolongkan (China), Yumei Foods Usa Inc. (United States), Shudaonan (China), Rong Li Ji (China), Ji Xiangju (China) and Zihaiguo (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Instant Hotpot market by Type (Up to 200ml, 200ml to 500 ml and Above 500ml) and Region.
On the basis of geography, the market of Instant Hotpot has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online {E-Commerce Stores} will boost the Instant Hotpot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Non-Vegetarian will boost the Instant Hotpot market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Non-Vegetarian Instant Hotpot are Rising in Popularity
Market Growth Drivers:
Fast Moving Lifestyle Especially of Youth Living in Urban Areas and Growth of the Food and Beverages Market
Challenges:
Less Awareness about the Product
Restraints:
Competition from Other Instant Food Products such as Instant Ramen
Opportunities:
Remote Places have Huge Potential Market for Instant Hotpot
Market Leaders and their expansionary development strategies
In November 2023, Centre Lane Partners, LLC ("Centre Lane") is pleased to announce that on November 8, 2023 an entity affiliated with Centre Lane has completed the acquisition of the Appliances Division of Instant Brands
In 2020, Master Kong, China’s largest instant noodle brand has announced launch of two new hotpots or self-heating rice. The flavors offered include secret spicy beef rice and sifang braised beef rice. It also comes in two broad categories, with the one falling in hotpot category or self-heating category while the other can be microwaved.
Key Target Audience
Instant Hotpot Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.