About Instant Cooking Food
Instant Cooking Food is a type of convenience food that requires little preparation, usually just adding water or milk. According to some authors, instant cooked food takes less than five minutes to prepare, while ultra-instant food takes less than one minute. Dehydrated, freeze-dried, or condensed foods are frequently used in instant foods. Convenience food labeled as instant cooking food is an attempt to meet this need while remaining palatable enough for consumers to prefer it over foods that require the use of recipes and cooking.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global instant cooking food companies are exploring the market, and their preferred strategy is expansion, investment, the launch of new services, and collaboration. Players are expanding and acquiring businesses in new markets around the world to gain a competitive advantage through collaborative efforts. In the marketplace, players sell a variety of instant cooking foods through both offline and online sales channels. More production of instant cooking foods is being driven by a rapidly changing global workplace culture. Analyst at AMA Research estimates that South Korean Vendors will contribute the maximum growth to Global Instant Cooking Food market throughout the forecasted period. 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.
Nissin Foods (Japan), Unilever (United Kingdom), Uni-President Enterprises (Taiwan), BaiXiang Food (China), MasterKong (Company), Toyo Suisan (Japan), Thai President Foods (Thailand), Sanyo Foods (United States), Samyang Food (South Korea) and Premier Foods (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ottogi (South Korea), Nongshim (South Korea), Nestle (Switzerland) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Instant Cooking Food market by Type (Maggi, Noodles, Pasta, Soups, Meat Products, Precooked Cereals and Others), Application (Students, Restaurant, Household and Others) and Region.
On the basis of geography, the market of Instant Cooking Food has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Condition, the sub-segment i.e. New Item will boost the Instant Cooking Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Price, the sub-segment i.e. Up to 100 Rs will boost the Instant Cooking Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online stores will boost the Instant Cooking Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. Canned will boost the Instant Cooking Food market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand Due to Rising Demand for Convenient Culinary Products and Need for More leisure Time is driving the Rise in Convenience Food Consumption
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 Cooking Food and Lacking in Promotional Activities Constraining Instant Cooking Food Market Value
Restraints:
Regulatory Guidelines Associate with Food Product May Restraint Market Growth
Opportunities:
Launch of New Variety and Texture by the Manufacturers and Developing New Food Products through Investing in Research and Development
Market Leaders and their expansionary development strategies
On 5th February 2022, Curefoods, a cloud kitchen network, announced a merger with Maverix, a Mumbai-based food-tech player, making it the country's second-largest cloud kitchen player in terms of footprint.
On 6th October 2021, Nissin Foods, the creator of Cup Noodles, marks National Noodle Day with the release of Cup Noodles Stir Fry Rice with Noodles, announcing that the iconic brand is no longer just in the noodle business! The unique product innovation combines bite-sized stir fry-style noodles, rice, and Asian takeout flavors in a delicious, easy-to-prepare cup.
The model Food Code is not a federal law or regulation, and it is not prescriptive. Rather, it represents the FDA's best advice for a uniform regulatory system to ensure that food sold at retail is safe, properly protected, and presented. Although not federal requirements (unless adopted by federal bodies for use within federal jurisdictions), the model Food Code provisions are written to be consistent with federal food laws and regulations, and they are written to be easily legalized at all levels of government.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Instant Cooking Food Manufacturer, Instant Cooking Food Distributors and Suppliers, Upstream and Downstream Buyers, Government Bodies, End-Users and Others
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.