Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Type (Fried, Non-Fried), By Packaging (Cups, Packets), By Sales Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others) And Competitive Landscape
Product Code: ETC056567 | Publication Date: Sep 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Instant Noodles Market is expected to gain momentum during the forecast years owing to the increasing entrance of key players in the market. Rising innovation of products by the producers along with an increasing number of working populations especially women is driving the growth of the market. Moreover, the rising trend of working from home along with increasing time spent at home and less time for cooking is driving the demand for instant noodles. Strengthening of travel and tourism sector is also one of the key reasons for proliferating the Africa Instant Noodles Market Share. Rising penetration among kids to try out various noodles is providing lucrative opportunities for the growth of the market.
Africa instant noodles market report thoroughly covers the market by type, packaging, Sales channel, and regions. Africa instant noodles Market outlook report provides an unbiased and detailed analysis of the ongoing Africa instant noodles market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Africa Instant Noodles Market is anticipated to register sound revenues in the upcoming six years backed by the increasing urbanization across the region that has reflected a change in the customer food preferences with the urge to taste a wide range of available products in the market. Further, Noodles are estimated to hold a large market share underpinned by the growing purchase of a wide range of noodles due to their affordable nature and this has simultaneously increased the establishment of the number of retail outlets across the region, which is further estimated to bolster the substantial growth of the instant noodles market in the entire Africa region in the coming timeframe.
According to 6Wresearch, the Africa Instant Noodles Market size is anticipated to register growth during 2021-2027. Africa instant noodles market is projected to witness growth over the upcoming years due to the growing working population coupled with increasing disposable income and changing consumer preferences. Some of the key aspects boosting the instant noodles market growth in Africa are rapid urbanization, higher brand consciousness, and an increasing middle-class population. Moreover, the modern hectic life of the people is also driving the demand for ready-to-eat food products which are further expected to support the instant noodles market growth in the forecast period.
Based on countries, UAE and Saudi Arabia are expected to dominate the instant noodles market in Africa on account of the growing youth segment as well as rising purchasing power. In terms of sales channel, the supermarket/hypermarket segment is expected to register the highest growth in the market over the coming years on the back of easy availability and easy reach.
The spread of the COVID-19 pandemic and the lockdown implemented by various governments in different countries coupled with the temporary shutdown of restaurants and other food outlets have supported the demand for the instant noodles market. Additionally, people prefer home-cooked foods and are storing essential foods at home in bulk, especially ready-to-eat food products like instant noodles. Furthermore, the current situation indicates that the stay-home tendency would increase during the pandemic, which is expected to fuel the demand for these noodles in the forthcoming years.
Some of the major players operating the market are Nestlé S.A, Unilever N.V., Capital Foods Pvt. Limited, PT Indofood Sukses Makmur Tbk, Baixiang Food Group, Ajinomoto Co. Inc., Campbell Soup Company, ITC Limited, China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Nissin Food Products Co. Ltd.
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Instant Noodles Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Instant Noodles Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Instant Noodles Market - Industry Life Cycle |
3.4 Africa Instant Noodles Market - Porter's Five Forces |
3.5 Africa Instant Noodles Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Instant Noodles Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Africa Instant Noodles Market Revenues & Volume Share, By Packaging, 2020 & 2027F |
3.8 Africa Instant Noodles Market Revenues & Volume Share, By Sales Channel, 2020 & 2027F |
4 Africa Instant Noodles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Instant Noodles Market Trends |
6 Africa Instant Noodles Market, 2017 - 2027 |
6.1 Africa Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Africa Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
6.3 Africa Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
7 South Africa Instant Noodles Market, 2017 - 2027 |
7.1 South Africa Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 South Africa Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
7.3 South Africa Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
8 Nigeria Instant Noodles Market, 2017 - 2027 |
8.1 Nigeria Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Nigeria Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
8.3 Nigeria Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
9 Kenya Instant Noodles Market, 2017 - 2027 |
9.1 Kenya Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Kenya Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
9.3 Kenya Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
10 Rest of Africa Instant Noodles Market, 2017 - 2027 |
10.1 Rest of Africa Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Rest of Africa Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
10.3 Rest of Africa Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
11 Africa Instant Noodles Market Key Performance Indicators |
12 Africa Instant Noodles Market - Opportunity Assessment |
12.1 Africa Instant Noodles Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Instant Noodles Market Opportunity Assessment, By Type, 2020 & 2027F |
12.3 Africa Instant Noodles Market Opportunity Assessment, By Packaging, 2020 & 2027F |
12.4 Africa Instant Noodles Market Opportunity Assessment, By Sales Channel, 2020 & 2027F |
13 Africa Instant Noodles Market - Competitive Landscape |
13.1 Africa Instant Noodles Market Revenue Share, By Companies, 2020 |
13.2 Africa Instant Noodles Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |