India Instant Noodles, Pasta & Soup Report 2017: Growing at a CAGR of More than 20% from the Last 5 Years - Research and Markets
DUBLIN, Apr. 27, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "India Instant Noodles, Pasta & Soup Market Overview" report to their offering.
Instant Noodles, Pasta & Soup market of India covers three categories of ready-to-cook food namely instant noodles, instant pasta and instant soup. With the rapidly changing lifestyles over the last couple of decades, ready-to-cook and instant food brands have become almost indispensable in the urban kitchens, as such easy-to-cook foods are great time-savers besides being easy on the palate, and also because they are greatly relished by children.
According to India Instant Noodles, Pasta & Soup Market Overview, the total market for instant noodles, pasta and soup is growing with more than 20% CAGR from last five years. The instant noodles market in India was growing at a healthy rate from last few years but Maggi's MSG lead controversy affected the category majorly with sales being reduced by almost 14% in the year 2015-16. As a result, other players like CG Foods and ITC Sunfeast Yippee are trying to grab a larger share of the category.
Instant noodles market in India is divided into two segments according to the packaging style viz. packet/pouch noodles and cup/bowl noodles. Flexible plastic packaging of packet noodles dominates the market as consumers prefer convenient packaging with affordable quantities. However, cup noodles will prove to be a trendy friend of young multitasking generation in the coming years. More than two-third sales revenue of instant noodles comes from traditional formats (kirana stores) whereas retail is growing fast and online sales are still at a nascent stage. The ready-to-cook pasta market in India is at the kind of stage that the instant noodles market was years ago.
Companies Mentioned
- Nestle India Pvt. Ltd.
- Hindustan Unilever Limited
- Bambino Agro Industries Ltd.
- ITC Limited
- CG Foods India Private Limited
Key Topics Covered:
1. Executive Summary
2. India Instant Noodles, Pasta & Soup Market Outlook
3. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/kxvnvl/india_instant
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