What is Instant Food Market?
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.
The market study is being classified by Type (Instant Noodles, Instant Soups, Instant Pasta, Instant Meat Products, Instant Precooked Cereals and Others), by Application (Restaurant, Household and Others) and major geographies with country level break-up.
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) are some of the key players profiled in the study.
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.
Analyst at AMA have segmented the market study of Global Instant Food market by Type, Application and Region.
On the basis of geography, the market of Instant Food 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The rise in Demand for Quick Meal In Coronavirus Pandemic
- Growing urbanization and changing lifestyles of people in the world
- Increasing Consumption of Instant Food in China and The Asian Countries
- Regulatory Guidelines Associate with Food Product May Restraint Market Growth
- Wide Range of Instant Food Leads Growth in Distribution Market B2B and B2C
- Market Presence with Numerous Players Pose a Challenge for Instant Food
- Lacking in Promotional Activities Constraining Instant Food Market Value
Market Leaders and some development strategies
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 firmís 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 UKís £385 million per year hot snacks sector, manufacturing well-known brands including Chicken Tonight, Ragu and Mug Shot, among others.
ďAs 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.Ē
Key Target AudienceInstant 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
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Instant Food Market?
"The rise in Demand for Quick Meal In Coronavirus Pandemic
" is seen as one of major growth factors of Instant Food Market in years to come.
2. Can we have customized study for Instant Food Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Instant Food Market?
will lead Instant Food Market in coming years.