Instant Noodle Market To Record Rise In Incremental Opportunity During The Forecast Period From 2020
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NEW YORK, Jan. 18, 2023 /PRNewswire/ -- The instant noodles market is segmented by type (fried and non-fried), distribution channel (offline and online), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The fried segment held the largest share of the market in 2022. The segment is estimated to witness moderate growth during the forecast period. This is due to the rising concerns about consuming high-fat foods. Also, fried instant noodles are highly susceptible to lipid oxidation and require a high number of preservatives. These factors might hinder the segment's growth during the forecast period.
The instant noodles market share growth by the fried segment will be significant for revenue generation. The potential growth difference for the instant noodles market between 2020 and 2025 is USD 5.06 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
APAC will be the leading region with 76% of the market's growth during the forecast period. China, Indonesia, India, Japan, and Vietnam are the key markets for instant noodles in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions. The rising per capita income and the expanding population base will facilitate the instant noodles market growth in APAC over the forecast period.
Noodles Market -The noodles market size has the potential to grow by USD 10.85 billion during 2020-2024, and the market's growth momentum will decelerate during the forecast period Download a free sample now!
The market share growth by the dried pasta segment will be significant during the forecast period. Dried pasta is the most commonly consumed and widely available pasta variety in the world. It has a longer shelf life than other pasta products and can be easily stored.
Restaurants felt the impact of the shortened 2019 holiday sales season in their gift card sales, according to data from Paytronix Systems, Inc., the most advanced digital guest experience platform. The 2019 Christmas Shopping season had fewer days than 2017 or 2018, but over the long-term gift cards are still on the upswing, having experienced a significant rise during the 2018 selling season. Also, most shoppers pick up gift cards at the very last minute, so says data collected from nearly 200 brands during the time period from November 1 through December 31, 2019.
In countries with mainly industrial-based agri-food systems, more than one-third of all potatoes grown are manufactured into frozen products. In the USA, 85% of processed potatoes are frozen French fries (USDA 2020). In Europe, in a country like Belgium, there are two main marketing channels: potatoes intended for direct sale on fresh potato markets and the ones intended for processing, which respectively represent around 20% and 80% of national production (www.belgapom.be; www.fiwap.be). Producers are often specialized in one of these two markets, responding to the consumer requirements (S), because the varieties, production methods, and commercial relationships are different. The processing market has been stimulated by decades of explosive growth within the quick service restaurant industry. Processed potato products, which include frozen, chipped, and dehydrated potato, became the major drivers in the potato market, led by frozen French fries. Improvement in technical and commercial relationships and cooperation among stakeholders of the different potato value chains in Europe, from producers to processors and consumers, has been and remains crucial for the integration and successful sector development which has been amplified with the huge expansion of the processing industry in North West Europe during the last decade.
As indicated above, another way to face the food security challenge is to produce just as much but waste less through better post-harvest management. Post-harvest management in potato, including storage, processing, and value chain efficiency, is a much larger problem than in cereals and deserves special attention. Reduction of food losses appears as a key opportunity. The basics of storage management have not changed, but the implementation and application of the basics are evolving worldwide, according to diversity in location, climate, and market criteria, that will influence storage management structures and management decisions (Olsen 2014). In developing countries, recent studies have analysed food loss across the potato value chain, as, for example, in Ecuador and Peru, by collecting qualitative and quantitative data to provide a comprehensive identification and characterization of losses. The results show that the most important losses occur in the production node, ranging from 90 to 95% of the total losses in the chain, which were on average between 8 and 9% of production along the value chain in both countries. On average farmers suffer the highest loss across the value chain, ranging between 8 and 20% of their production at or before harvest, before moving on to the next node of the chain. The main causes of losses are poor crop and harvest management practices leading to pest infested tubers, high percentage of small tubers, and weather conditions such as frost and heavy rains (Delgado et al. 2017; Velasco et al. 2020). 153554b96e
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