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The global instant noodles market size reached a value of USD 57.76 billion in 2023. The market is projected to grow at a CAGR of 5.8% during 2024-2032 to attain a value of USD 95.94 billion by 2032.
Consumers are seeking meals that are easy and quick to prepare due to their hectic lifestyles. A boost in disposable incomes is anticipated to increase the demand for foods that can be prepared quickly, thus, increasing the instant noodles market share.
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The large range of flavours of instant noodles is also projected to fuel market demand in the ensuing years. As per the instant noodles market report, producers' unique advertising and the employment of innovative marketing techniques in campaigns are driving the market expansion.
Besides, with growing health consciousness, consumers are seeking instant noodles with less salt, fewer preservatives, and no additives. Manufacturers are also offering natural ingredients such as yeast extracts that can intensify spiciness and deliver savoury flavour and creaminess for enhanced flavour profiles.
Other instant noodles market trends include the growing demand for easy-to-prepare meals, rapid urbanisation, and growing disposable incomes. Innovations and the increasing launch of premium and diversified products by key players are also propelling the market growth.
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.
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On the basis of type, the market can be divided into:
On the basis of distribution channel, the instant noodles market segmentation includes:
The major regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. This report by Expert Market Research entitled “Global Instant Noodles Market Report and Forecast 2024-2032” provides a comprehensive analysis for anyone who plans to foray into the market.
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The increasing trend of snacking in both developing and developed countries and the rising demand for food products with ease of preparation, longer shelf life, and availability in various flavours are increasing the instant noodle market revenue.
Manufacturers are also attempting to enhance the nutritional value of instant noodles by fortifying them with ß-carotene, vitamins, minerals, and calcium. Besides, innovations aimed at enhancing the aesthetic appeal of instant noodle packaging, coupled with the increasing use of sustainable materials in packaging by key players, are anticipated to propel the instant noodles market revenue in the forecast period.
The Asia Pacific to Constitute a Significant Market Share
The Asia Pacific represents a significant market share due to the rising popularity of instant noodles as comfort foods in countries like Japan, China, and South Korea. Innovative and localised Asian flavours such as Tonkotsu, Wasabi, Black Pepper Crab, Hot and Sour enjoy substantial popularity in the region. Moreover, the instant noodles market share in India is likely to surge in the coming years due to the rising popularity of Asian cuisines.
In the forecast period, increasing product launches and the rising trend of premiumisation are expected to propel the market expansion.
North America to Witness a Healthy Growth Amid the Robust Growth of the Convenience Food Market
The North America instant noodles market is likely to grow at a healthy pace in the coming years amid the shift towards ready-to-eat and convenience food products among the working population. Moreover, the surging interest towards ethnic cuisine, the growing trend of snacking, and the increasing popularity of noodles as a light meal are bolstering the market revenue.
Online Stores to Emerge as a Prominent Distribution Channel for Instant Noodles in the Coming Years
As per the instant noodles market analysis, the sales of instant noodles from online stores is likely to significantly increase in the forecast period owing to their enhanced convenience. Online stores also provide the advantage of doorstep delivery as well as special discounts and offers, boosting their appeal among customers to buy instant noodles.
Moreover, the expansion of distribution channels like department stores, hypermarkets, supermarkets, and convenience stores are expected to positively influence the instant noodles market demand in the coming years.
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:
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.
Nissin Foods Holdings Co. Ltd., founded in 1958, has established its position as a pioneer in the development of instant noodles. The company is known for developing convenient and delicious Asian-inspired meals at affordable prices. Some of its popular products are Top Ramen®, Cup Noodles® Stir Fry®, Chow Mein, and Hot & Spicy FIRE WOK, among others. The company is committed to health and sustainability and uses mass balance and certified sustainable palm oil in its products.
Ajinomoto Co., Inc. is a company that is engaged in the distribution and production of instant soups and dishes made with noodles. OYAKATA, SAMSMAK, YUMYUM are some of its renowned brands. It deploys advanced production techniques and offer products that can meet customer expectations for innovative and high-quality instant soups and noodle dishes.
Capital Foods Pvt. Ltd has established its position as India’s leading food company that was founded in 1996. With its headquartes in Mumbai, Maharashtra, some of its prominent brands are Smith & Jones and Ching’s Secret. The company also partners with different corporations to expand its product portfolio.
Other instant noodles market players are Nestlé S.A., Unilever Plc, ITC Limited, Acecook Vietnam, PT Indofood Sukses Makmur Tbk, Uni-President Enterprises Corporation, Campbell Soup Company, NONGSHIM CO.,LTD., Mamee-Double Decker Sdn. Bhd., Kohlico Brands UK Ltd, AICO Foods Limited, and Samyang Foods Co., Ltd, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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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 (2018-2023)
8.3 Global Instant Noodles Market Forecast (2024-2032)
8.4 Global Instant Noodles Market by Type
8.4.1 Fried
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Non-Fried
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Specialist Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Convenience Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Online Stores
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
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 (2018-2023)
9.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.3.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.4.2 Forecast Trend (2024-2032)
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 (2018-2023)
9.5.2 Forecast Trend (2024-2032)
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 Holdings Co. Ltd.
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 Co., Inc.
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 Uni-President Enterprises Corporation
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 Campbell Soup Company
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
16.2.11 NONGSHIM CO.,LTD.
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Mamee-Double Decker Sdn. Bhd.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Kohlico Brands UK Ltd
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 AICO Foods Limited
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 Samyang Foods Co., Ltd
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Others
17 Industry Events and Developments
List of Key Figures and Tables
1. Global Instant Noodles Market: Key Industry Highlights, 2018 and 2032
2. Global Instant Noodles Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Instant Noodles Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Instant Noodles Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
5. Global Instant Noodles Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
6. Global Instant Noodles Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Instant Noodles Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Instant Noodles Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Instant Noodles Market Forecast: Breakup by Country (USD Billion), 2024-2032
In 2023, the global market for instant noodles attained a value of USD 57.76 billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 95.94 billion by 2032.
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 different types of instant noodles are fried and non-fried.
The key market players are Nissin Foods Holdings Co. Ltd., Ajinomoto Co., Inc., Capital Foods Pvt. Ltd, Nestlé S.A., Unilever Plc, ITC Limited, Acecook Vietnam, PT Indofood Sukses Makmur Tbk, Uni-President Enterprises Corporation, Campbell Soup Company, NONGSHIM CO.,LTD., Mamee-Double Decker Sdn. Bhd., Kohlico Brands UK Ltd, AICO Foods Limited, and Samyang Foods Co., Ltd, among others.
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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