LINE

Text:AAAPrint
Business

Orders for online meals drive fall of instant noodle sales

1
2017-11-22 09:22:11chinadaily.com.cn Gu Mengxi ECNS App Download

Sales of instant noodles fell by 8 billion packages from 2013 to 2016, resulting from the rapid growth of online meal ordering services in China, according to the World Instant Noodles Association.

Before 2011, instant noodles sales in China maintained double-digit growth for 18 consecutive years, reaching 46.22 billion in 2013. Since then, sales started to decline year after year, dropping to 38.52 billion in 2016, a decrease of as much as 16.66 percent.

Compared with instant noodles, online meal ordering has become an increasingly popular choice for Chinese. In recent years, China's online meal ordering market has achieved dramatic growth.

Data suggest China's online meal ordering market increased from 21.68 billion yuan ($3.3 billion) to 166.24 billion yuan from 2011 to 2016, an increase of nearly eight times in six years, and it is expected to exceed 200 billion yuan in 2017.

The flop of the instant noodle market and the rise of online meal ordering reflect rapid changes in people's consumption patterns.

Online meal ordering services featuring convenience, quickness and diversified choices are replacing the core competitiveness of instant noodles, according to Wang Yaohong, former vice-CEO of Baidu Waimai.

Baidu Waimai, a food delivery unit of internet search company Baidu Inc, was acquired by Ele.me, which is backed by Alibaba Group Holding, for 4.2 billion yuan in August.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.