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.
Nestle India Pvt. Ltd.
Hindustan Unilever Limited
Bambino Agro Industries Ltd.
CG Foods India Private Limited
Key Topics Covered:
1. Executive Summary
2. India Instant Noodles, Pasta & Soup Market Outlook