In terms of sales channels, convenience stores acquired the major revenue share in Pakistan Instant Noodles Market – 6Wresearch
The convenience stores segment registered the highest share in the past few years owing to the huge number of varieties available in convenience stores for instant noodles. The segment would register growth in the future on account of the rise in stores across cities as these provide a wide variety of products and are easily accessible nearby.
According to 6Wresearch, the Pakistan instant noodle market size is projected to grow at a CAGR of 9.7% during 2023–2029F. Pakistan instant noodles industry registered positive growth due to the consumption of instant noodles, and snacks at home, and hence, the food industry witnessed a significant rise in demand. Moreover, the market is expected to gradually grow in the forecast period on account of major lifestyle changes in the newly emerged working population and a rise in online food delivery services. Moreover, instant noodles have also become a staple diet in many Asian countries and the culture of noodles is spreading to other Asian countries as well. Also, the rise in online shoppers along with the booming e-commerce sector would contribute to the market growth in the upcoming years. The rise in health problems due to the consumption of additives in processed foods such as instant noodles could serve as a restraint in the instant noodles market.
According to Ravi Bhandari, Research Head, 6Wresearch, the packets segment holds a major revenue share in the 2022 instant noodles market. Packets are expected to hold a major share in upcoming years owing to more economic pricing available when compared to cups. Additionally, not all flavors and textures are available in cup packaging that is available in packet forms. Also, packets are easily available and sold in most grocery stores, supermarkets, and convenience stores.
The Pakistan Instant Noodles Market (2023-2029)” report provides an in-depth analysis with 15 figures and 4 tables, covered in 62 pages. The report comprehensively covers the market by category, type, and sales channels. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.