United States Fresh Noodles Market Size By Type (Wide Strip, Narrow Strip, Waves Strip, & Others), By Application (Residential, Food Services, Institutional & Others) And Forecast
United States Fresh Noodles Market Size By Type (Wide Strip, Narrow Strip, Waves Strip, & Others), By Application (Residential, Food Services, Institutional & Others) And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
United States Fresh Noodles Market Size And Forecast
United States Fresh Noodles Market was valued at USD 704.51 Million in 2019 and is projected to reach USD 1,150.77 Million by 2027, growing at a CAGR of 4.57% from 2020 to 2027.
The rise in the number of the population preferring convenience food products, which can be consumed on on-the-go or through minimal cooking, due to fast pace work-life is driving the demand for fresh noodles. The increasing count of working female population in the country is shifting the food preference towards easy and convenient food, which stimulates the demand for fresh noodles. The United States Fresh report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
United States Fresh Noodles Market Definition
Noodles are basically pasta, but think of them as those super thin, long strips made from a simple dough – you know, flour and something to hold it all together. We usually eat them with our favorite sauces, veggies, or swimming in a tasty soup. The fresh kind is made from scratch with eggs (or something similar) and flour, usually all-purpose or high-gluten. These days, with everyone being more aware of their health and eating habits, companies making fresh noodles are changing things up to give us what we want. The dough is just like bread dough – kneaded and rolled until it's nice and thin, perfect for those quality noodles. Then it’s cut into long strands or thin stripes to form noodles. You can enjoy fresh noodles in soups, salads, or as a main course. They're a quick source of calories, carbohydrates, proteins, fats, and fibers. Plus, they're packed with minerals like Sodium, Thiamine, Folate, Manganese, Iron, Niacin, Riboflavin, and all sorts of other goodies.
United States Fresh Noodles Market Overview
People are increasingly choosing convenience foods they can grab on the go or cook super quickly because, let's face it, life's a rush these days. This is really boosting the demand for fresh noodles! Just look at Pulmuone, a company from Korea – they sold a whopping USD 30 million worth of fresh noodles in the US alone in 2019! That's an 85% jump from the year before, all thanks to the growing love for them here. And with more and more women in the workforce, quick and easy food is becoming a must-have, further fueling the fresh noodle craze. The Bureau of Labor Statistics reported that women held more than 50% of the jobs in America in 2020, and that number is only going up. Plus, fresh noodles are popping up everywhere – in ready-to-eat salads, soups, ramens, you name it! They're seen as a healthy and delicious alternative to those dried or fried instant noodles. Let's not forget how easy it is to buy them online now, with tons of options and doorstep delivery. All these things are making convenience food, and especially fresh noodles, a super popular choice.
However, limited shelf-life of fresh noodles is the prime factor hampering the market growth. Nevertheless, growing demand for gluten-free fresh noodles and rising popularity of fresh noodle kits are the factors that can create a lucrative growth opportunity for the U.S. fresh noodles market.
United States Fresh Noodles MarketSegmentation Analysis
The United States Fresh Noodles Market is segmented on the basis of Type And Application
Based on Type, the market is bifurcated into Wide Strip, Narrow Strip, Waves Strip, and Others. This segment of the Fresh Noodles market is dominated by a Narrow Strip type. An increase in population, urbanization, and western influence on traditional food surges the growth of the pasta and noodle market. The demand is mainly dominated by a variety of small and multi-cuisine restaurants. Moreover, increasing awareness regarding the negative effects of processed noodles on human health is another leading element driving the demand for fresh noodles market.
When we look at where fresh noodles are being used in the U.S., the market breaks down into places like homes (Residential), Food Services (think restaurants!), institutions, and then a few other spots. Back in 2019, Food Services was the biggest piece of the pie, and we're expecting it to keep growing at a rate of around 4.17% each year. What's really driving this? Well, the restaurant scene is booming! For example, the National Restaurant Association says restaurant sales topped $659 billion in 2020, and there are more than 660,000 restaurants all over the U.S. Plus, people are eating differently these days, and fresh noodles are becoming a more popular choice, which is only going to make the market even bigger in the years to come.
Key Players in United States Fresh Noodles Market
Looking for a deeper dive into the U.S. fresh noodles scene? Our report, "United States Fresh Noodles Market," gives you the scoop on the American market, spotlighting key companies like Nissin Foods, Nona Lim, Maruchan (Toyo Suisan), Pressery LLC., Mandarin Noodles, Sakura Noodle Inc., and the rest others. We've dedicated a whole section to these big players, with our analysts offering insights into their financial health, product comparisons, and SWOT analyses. Plus, we break down the competitive landscape with key strategies, market share data, and how everyone stacks up in our market ranking analysis.
United States Fresh Noodles Market Share Insights
Key Developments by Major Key Players in the market are as given below.
Company Name
Key Development
Description
Sun Noodle
Partnership
• Sun Noodle and Ramen Lab collaborate to introduce frozen ramen bowls created by celebrated chefs• To capture the signature flavours and styles of individual chefs. The kit format will feature the hand-crafted recipes from five legendary ramen spots including Nakamura, Ani Ramen, Ivan Ramen, Zaya Ramen, and Ramen Lab.
Maruchan
Product Launch
• Maruchan Elevates Traditional Ramen With Gold Launch• The quality of Gold products excite experienced home cooks, it will also entice those students looking for an affordable yet authentic food experience
Nona Lim
Product Launch
• Nona Lim Launches Stir Fry Noodle Kits• A new line of clean label, plant-based stir fry noodle kits featuring fresh noodles and sauces.
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