Noodles are one of the staple foods consumed by consumers across the world. Instant noodles have become internationally recognized Ready to cook food product and its worldwide consumption is on the rise. The properties of instant noodles like taste, nutrition, convenience, safety, longer shelf life and reasonable price have made them popular. Cup/Bowl noodles is gaining great popularity among the consumers due to its ease of handling.
The main ingredients for instant noodles are wheat flour, salt, edible oil and water.
India is the fourth–largest instant noodles market globally and accounted for 6.00 bn servings in 2020. Consistent growth and an ever-growing consumer acceptance have made this market a lucrative option for various players. The instant noodles market in India was valued at US $ 1.90 billion in 2020 growing a compound annual growth rate (CAGR) of 5.6%. Among the various companies operating in the market, Nestle enjoys the highest market share (60%), followed by ITC.
The prominent players of the market are Nestle Maggi, Unilever Knorr, Top Ramen, ITC (Sunfeast Yippe), Patanjali and Capital Food India Ltd (Chings).
IT SHOULD BE NOTED THAT THE ABOVE MENTIONED FIGURES AND INFORMATION IS TENTATIVE. AS INSTANT MIX NOODLE PROCESSING CONSULTANTS, WE RECOMMEND A DETAILED TECHNO- ECONOMIC FEASIBILITY REPORT TO UNDERSTAND EXACT DETAILS TO THE ABOVE MENTIONED INFORMATION