Food & Beverage

China Instant Noodle Market

Overview of the PRC instant noodle market The PRC instant noodle market is the largest instant noodle market in the world. Nevertheless, due to certain negative incidents in relation to food safety, increasing popularization of online food take-out platforms and the general increase in product prices, the growth rate of the retail sales value of the PRC instant noodle market decreased by 7.0% and 0.8% in 2015 and 2016, respectively. Overall, the retail sales value of the PRC instant noodle market increased from approximately CNY80.0 billion in 2012 to approximately…

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