This technology aims to tackle the food waste problem in the Thai agricultural sector. Shrimp shell was selected since it constituted a large portion of all crustacean shell waste. Many tons of shrimp shells are discarded daily. However, they contain high amounts of protein, calcium, and umami compounds. Thus, they can be used to fortify food products. Currently, the instant noodle market still has a limited number of healthy options. Therefore, there is a significant market opportunity to develop a low sodium and high protein instant noodle product.
This product can be sold in both B2C and B2B.
B2C:
B2B:
In 2021, Mintel published a report showing a strong consumer shift towards convenience and health foods. As such, this product is targeted at students aged 17 to 23 looking for easy and healthy meals. According to a survey of Thai college students, most of them are aware of the high sodium and low nutritional value of instant noodles in the market and are looking for healthier alternatives. They also prioritize nutrition over prices, brands, and flavours. Therefore, this product’s nutritional value and price point will appeal to them greatly. This product is expected to capture 10% of the market share for Thai functional instant noodles within 5 years of launch.