India Instant Noodles, Pasta & Soup Market Forecast Report
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India Noodles, Pasta & Soup market covers three categories of ready-to-cook food namely instant noodles, pasta and 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 toIndia Noodles, Pasta & Soup Market Outlook, 2021, the total market for noodles, pasta and soup is growing with a CAGR of 20.85% from last five years. The instant noodles market in India was growing at a healthy rate from last few years but Maggi MSG lead controversy affected the category majorly with sales being reduced by 13.94% in the year 2015-16. However, Maggi pioneered the concept of packaged noodles in India three decades back and despite several brands entering the fray, it still dominates the space. CG Foods and ITC Sunfeast Yippee are trying to grab a larger share of the instant noodles market. Indo Nissin, Capital Foods and Hindustan Unilever, along with some private labels, have just added to the competition.
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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 hugely dominates the market as consumer prefer convenient packaging with affordable quantities. Cup noodles were initially introduced by Indo Nissin in the year 1991 but after Maggi entered with its brand Maggi Cuppa Mania, the category has started to pick. 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. Previously, pasta was considered as a luxury in the country and eaten only on an occasional basis. But now it is making its way to Indian kitchens more rapidly than ever. The instant pasta category will be a roaring success with the opening up of a number of Italian restaurants in the country. Nestles Maggi Pazzta controls majority share of the pasta market because of its brand equity, followed by Bambino Agro who is popular for its low priced products. ITCs Sunfeast Pasta Treat, HULs Knorr soupy pasta offerings, Future Groups Tasty Treat and Feasters from retailers such as Aditya Birla Retail are some of the other major players in this category. Majority of the pasta sales revenue comes from retail stores as pasta is not considered as a regular grocery item in India. On the other hand, sales from traditional and online stores are still very limited.
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Sales of packaged soup have witnessed a dramatic increase in the last few years. Besides the proliferation of convenience-driven lifestyles and the array of variants, advertising and marketing too have played significant roles in enlarging the category. The market is consolidated and top three players account for almost 90% of the market by value. Hindustan Unilivers Knorr has the largest market share whereas Nestles Maggi and Capital Foods Chings Secret are combating for the second position in the market. Chings Secret brand is relatively a small and new player as compared to top two but the company has gained significant share in the soup market. In terms of flavors, the choice of consumers has not changed significantly in last few years. The top three flavors are Tomato, Sweet corn and Vegetable. In non-vegetarian flavors, chicken soup is most popular. Just like pasta, majority sales of soup comes from retail formats as packaged soup is still not a part of shopping list for Indian housewives and hence small stores evade stocking it.
Key Categories Covered
• Instant Noodles
Table Of Contents
1. Executive Summary
2. India Instant Noodles, Pasta & Soup Market Outlook
2.1. Market Size By Value
2.2. Market Share
2.2.1. By Company
2.2.2. By Category
2.3. India Instant Noodles Market Outlook
2.3.1. Market Size By Value
184.108.40.206. Overall Market
220.127.116.11. Packet/Pouch Noodles Market
18.104.22.168. Cup/Bowl Noodles Market
2.3.2. Market Share
22.214.171.124. By Company
126.96.36.199. By Packaging
188.8.131.52. By Sales Channel
2.3.3. Pricing Analysis
2.4. India Instant Pasta Market Outlook
2.4.1. Market Size By Value
2.4.2. Market Share
184.108.40.206. By Company
220.127.116.11. By Sales Channel
2.4.3. Pricing Analysis
2.5. India Instant Soup Market Outlook
2.5.1. Market Size By Value
2.5.2. Market Share
18.104.22.168. By Company
22.214.171.124. By Sales Channel
2.5.3. Pricing Analysis
3. India Economic Snapshot
4. Policy & Regulatory Landscape
5. Trade Dynamics
Complete Report Available at: http://www.bigmarketresearch.com/india-instant-noodles-pasta-and-soup-outlook-2021-market
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