North America Instant Noodles Market To Reach 6.5 Billion Units by 2028

According to the latest report by IMARC Group, titled,"North America Instant Noodles Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the North America instant noodles market size reached 5.8 Billion Units in 2022. Looking forward, IMARC Group expects the market to reach 6.5 Billion Units by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028. Instant noodles refer to packaged food products that are marketed in a precooked and dried block form with flavoring powder or seasoning oil. They are prepared by using salt, gluten, flour, palm oil, guar gum stabilizer, starch, etc. In line with this, instant noodles are generally dehydrated by using two processes, such as flash and air frying. They can be consumed after being soaked in boiling water for a few minutes and then mixing them with a tastemaker. As compared to other ready-to-eat (RTE) food products, instant noodles offer affordable prices, portability, longer shelf life, innovative flavors, ease of preparation, etc. Consequently, they are widely utilized across North America.

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Market Demand:

The rising demand for easy-to-prepare food items is primarily driving the North America instant noodles market. Additionally, the widespread adoption of affordable and quick meals, on account of the hectic lifestyles and working schedules of the working population, is further bolstering the market growth. Besides this, the growing number of departmental stores and supermarkets and the increasing need for shelf-stable instant noodles, owing to the sudden outbreak of the COVID-19 pandemic, are acting as significant growth-inducing factors. Moreover, the development of innovative instant noodles by leading manufacturers in a wide array of flavors, textures, packaging, etc., is positively influencing the regional market. Apart from this, they are also developing product variants formulated with organic and non-genetically modified organism (non-GMO) ingredients, no preservatives, low sodium, high minerals, dehydrated vegetables and meat, etc., which is anticipated to fuel the North America instant noodles market over the forecasted period.

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Key Market Segmentation:

Breakup by Type:

• Fried
• Non-Fried

Breakup by Distribution Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Convenience Stores
• Online Stores
• Others

Breakup by Region:

• United States
• Canada
• Mexico

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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