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Global Instant Noodles Market Size, Share, Forecast: By Type: Fried, Non-Fried; By Distribution Channel: Supermarkets and Hypermarkets, Specialist Stores, Convenience Stores, Online Stores, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments; 2023-2028
Global Instant Noodles Market Outlook
The global instant noodles market size reached a value of USD 54.59 billion in 2022. The market is likely to grow at a CAGR of 5.80% during 2023-2028 to attain a value of USD 76.57 billion by 2028.
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Consumers are increasingly looking for meals that are easy and quick to prepare due to their hectic lifestyles. A boost in disposable income per person is also projected in the coming years, which will increase consumer demand for foods that can be prepared quickly, thus increasing the instant noodles market share. Since more department stores, hypermarkets, supermarkets, and convenience stores are opening up worldwide, it is projected that the organised food retail sector would grow and increase sales of instant noodles. The large range of flavours that are offered in instant noodles is also projected to fuel market demand in the ensuing years. As per the instant noodles market research report, producers' unique advertising and the employment of innovative marketing techniques in campaigns are promoting the market expansion.
This report by Expert Market Research entitled “Global Instant Noodles Market Report and Forecast 2023-2028” provides a comprehensive analysis for anyone who plans to foray into the market. The factors driving the instant noodle industry growth include growing demand for quick meals, rapid urbanisation, and growing disposable incomes. The China instant noodle market is highly developed as the nation is a major consumer of instant noodles, followed by Indonesia, Japan and India, increasing the overall instant noodles market revenue.
Properties and Applications
Instant noodles, invented by the founder of Nissin Food Products Co., Ltd. Japan in 1958, became an immediate success and most loved snack worldwide. Today, they are produced in more than 80 countries. They are usually available in precooked and dried noodle block form, with flavouring powder and/or seasoning oil.
According to the instant noodles market analysis, the market can be divided on the basis of segments like type, distribution channel, and region.
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On the basis of type, the market can be divided into:
- Fried
- Non-Fried
On the basis of distribution channel, the market can be categorised into:
- Supermarkets and Hypermarkets
- Specialist Stores
- Convenience Stores
- Online Stores
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The increasing number of snack loving population especially in the emerging economies, ease of preparation, longer shelf life and availability of various flavours to cater to tastes of all age groups are increasing the instant noodle market share.
The value chain analysis of the product has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales, and distribution.
This report provides an exhaustive insight for setting-up and running an instant noodles manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global instant noodles market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Nestlé S.A.
- Nissin Foods
- Ajinomoto Poland Sp. Z O.O
- Unilever Plc
- ITC Limited
- Capital Foods Pvt. Ltd
- Acecook Vietnam
- PT Indofood Sukses Makmur Tbk
- TOYO SUISAN KAISHA, LTD
- Uni-President (Philippines) Corporation
- Others
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous market participants in the instant noodles market. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and market specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Instant Noodles Market Analysis
8.1 Key Industry Highlights
8.2 Global Instant Noodles Historical Market (2018-2022)
8.3 Global Instant Noodles Market Forecast (2023-2028)
8.4 Global Instant Noodles Market by Type
8.4.1 Fried
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Non-Fried
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Instant Noodles Market by Distribution Channel
8.5.1 Supermarkets and Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Specialist Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Convenience Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Online Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Instant Noodles Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
12.3 Mass Balance
13 Loans and Financial Assistance
14 Project Requirement and Cost Analysis
14.1 Land, Location, and Site Development
14.2 Construction
14.3 Plant Machinery
14.4 Cost of Raw Material
14.5 Packaging
14.6 Transportation
14.7 Utilities
14.8 Manpower
14.9 Others
15 Project Economics
15.1 Capital Cost of the Project
15.2 Techno-Economic Parameters
15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
15.4 Taxation and Depreciation
15.5 Income Projections
15.6 Expenditure Projections
15.7 Financial Analysis
15.8 Profit Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Company Profiles
16.3.1 Nestlé S.A.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Demographic Reach and Achievements
16.3.1.4 Certifications
16.3.2 Nissin Foods
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Demographic Reach and Achievements
16.3.2.4 Certifications
16.3.3 Ajinomoto Poland Sp. Z O.O
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Demographic Reach and Achievements
16.3.3.4 Certifications
16.3.4 Unilever Plc
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Demographic Reach and Achievements
16.3.4.4 Certifications
16.3.5 ITC Limited
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Demographic Reach and Achievements
16.3.5.4 Certifications
16.3.6 Capital Foods Pvt. Ltd
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Demographic Reach and Achievements
16.3.6.4 Certifications
16.3.7 Acecook Vietnam
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Demographic Reach and Achievements
16.3.7.4 Certifications
16.3.8 PT Indofood Sukses Makmur Tbk
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Demographic Reach and Achievements
16.3.8.4 Certifications
16.3.9 TOYO SUISAN KAISHA, LTD
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Demographic Reach and Achievements
16.3.9.4 Certifications
16.3.10 Uni-President (Philippines) Corporation
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Demographic Reach and Achievements
16.3.10.4 Certifications
16.3.11 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Instant Noodles Market: Key Industry Highlights, 2018 and 2028
2. Global Instant Noodles Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Instant Noodles Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Instant Noodles Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
5. Global Instant Noodles Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
6. Global Instant Noodles Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Instant Noodles Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2023-2028
Key Questions Answered in the Report
In 2022, the global market for instant noodles attained a value of USD 54.59 billion.
The market is projected to grow at a CAGR of 5.80% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 76.57 billion by 2028.
The major drivers of the instant noodles market include rising disposable incomes, increasing fast-food consumption, growing demand from the developing regions, and rapid urbanisation.
The key market trends aiding the growth of the market include the growing investments in research and development activities and increase in launch of new flavours by the major players.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major distribution channels of the product are supermarkets and hypermarkets, specialist stores, convenience stores, and online stores, among others.
The major players in the market are Nestlé S.A., Nissin Foods, Ajinomoto Poland Sp. Z O.O, Unilever Plc, ITC Limited, Capital Foods Pvt. Ltd, Acecook Vietnam, PT Indofood Sukses Makmur Tbk, TOYO SUISAN KAISHA, LTD, and Uni-President (Philippines) Corporation, among others.
The primary types of instant noodles are fried and non-fried.
Instant noodles are frequently referred to as junk food or unhealthful. Instant noodles are low in protein, fibre, vitamins, and critical minerals but rich in carbohydrates, salt, and fat each serving.
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