Emma Deng did something unusual on her recent Beijing-Shanghai five-hour high-speed train ride. Instead of snacking on a bowl of instant noodles, as was her wont, the frequent traveler unpacked lunch and beverages brought from KFC and Starbucks outlets at the Beijing South Railway Station. “When you have choices of fresh food from restaurants, instant noodles become less attractive,” she said…Full Article: ECNS.cn Oct 2016
- From 2011 to 2015, according to the World Instant Noodles Association, Chinese (mainland and Hong Kong) consumption of instant noodles decreased from 42.47 billion servings to 40.43 billion servings.
- From 2010 to 2015, according to Mintel Group, Chinese retail sales of instant noodles increased by 2.2% to CNY 65.3 billion [~US$10.4 billion]. However, in 2020, sales are forecasted to decline to CNY 62.1 billion. The four companies of Tingyi Holdings (Master Kong), Uni-President, Baixiang and Jinmailang account for 80% of China’s instant noodle sales.
- In 2014, Tingyi Holdings (Master Kong) had a 42.2% share of China’s instant noodle market. Tingyi Holdings was followed by Uni-President 13.3%, Jinmailang Food at 11.5%, Baixiang Food at 10.5%, Si Mei Te Food at 4.3%, Nissin Foods Holdings at 3.2%, Henan Nanjiecun Group at 1.5%, and Nongshim at 1.2%.
- Founded in 1994 and headquartered in Xingtai, Hebei Province, Jinmailang Food is a leading Chinese producer of instant noodles and other snack products. In 2010, Jinmailang Food had a 12% share of China’s instant noodle market (second to Tingyi’s Master Kong at 35.7%). In December 2015, Japan’s Nissin Foods Holdings (also an instant noodles producer) sold its stake (CNY 450 million or US$70.3 million) in Jinmailang Food.
- Founded in 1989 and headquartered in Zhengzhou, Henan Province, Baixiang Food is a leading Chinese producer of instant noodles. The company also produces flour, pasta, bread, beverages (water, tea, juice). In 2007, the company’s sales totaled CNY 4 billion (US$560 million).