Instant noodles and premium products led strong growth in China’s packaged food sector throughout 2022 - but significant inflationary price hikes mean that this continuous growth is unlikely for 2023, according to a new local report.
Thai instant noodle giant MAMA has seen its “healthier range” gain popularity in overseas markets such as Greece, but admits that more time is needed for such products to gain a foothold in its local market.
Nestle Malaysia has revealed how instant noodles have successfully sustained continued popularity throughout the pandemic and beyond due to in-home consumption trends, and long-time favourite brand MAGGI’s ability to innovate within the spicy flavours...
Instant noodle firms across the Asia Pacific region are now seeking to reinvent the category beyond affordability and convenience to highlight better-for-you options made with healthier ingredients and processing methods.
Instant noodles giant Nissin Foods Group recently revised its palm oil policy, with the firm stating it is taking further steps to procure sustainable and conflict-free palm oil.
New Zealand, Hong Kong, Malaysia and Singapore are the next top targets for healthier noodle brand Mr Lee’s – with the firm focusing on its freeze-dried manufacturing tech as its USP and new product development tailored to Asian tastes.
Nissin Food Products (subsidiary of Nissin Foods Group) is reformulating its instant noodles to reduce salt intake for the rising number of Japanese consumers with hypertension.
Singapore food science start-up NamZ is redesigning comfort foods such as instant noodles by using what it terms ‘future fit crops’ to boost sustainability while simultaneously improving consumer health.
Cup noodle giant Nissin aims to expand its business in Asia (excluding China) by over three times to US$ 213mn (JPY 24.1bn) in FY 2021 by focusing on a variety of areas including product development and premium branding.
A new 'healthy gourmet' instant noodle brand, Mr Lee's Noodles, is seeking to disrupt the Australian snack and convenience food sector after securing a number of retail distribution deals.
Nissin Foods Company Limited has raised HK$951million (about US$121.7m) in its initial public offering (IPO) in Hong Kong, falling short of the anticipated HK$1.13b.
China’s convenience food market has rebounded after five years in the doldrums, with over 1,800 manufacturers forecast to generate revenues of RMB390bn (US$59bn) this year.
China’s appetite for instant noodles has been shrinking sharply in the face of growing popularity for food delivery and better awareness of healthier foods.
By Davina Patel, food and trends analyst at Mintel
As Asian taste trends continue evolving across Asia-Pacific, manufacturers are being forced to cater for more discerning, better travelled consumers with greater culinary exposure to foreign cultures.
With value growth in its FMCG market reaching a five-year low, China is marching towards a “two-speed” consumer economy, though the situation is not yet one of general malaise.
India’s food regulator will test all brands of instant noodles, pasta and macaroni that contain Tastemaker masala in the wake of what has been labelled by observers as the highest profile case they have ever had to tackle.
Two of Japan’s major food makers have reached an agreement to set up instant noodle joint-ventures in India and Nigeria to meet growing demand from these markets.
Having already formed alliances with PepsiCo, Asahi Group and others over the last three years, China’s Tingyi is looking to further boost its portfolio, according to its chief financial officer.
In a first, a Thai food major is taking its operations across the Indian Ocean to Africa, hoping to capitalise both on available resources and rising consumption in the region.