Instant Noodles Market Outlook
Instant noodles are ready-to-cook (RTC), dry, and pre-cooked block noodles that are either air-fried or flash-fried to dehydrate the product. They are mainly prepared by combining alkaline salts and fine wheat flour, dough mixing, sheeting, resting, rolling the product, cutting, and boiling.
The global instant noodles market reached a value of US$ 49.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 67.1 Billion by 2027, exhibiting a CAGR of 5.03% during 2022-2027.
The dough for instant noodles can be further produced from several other components, including flour, edible oil, gluten, guar gum, edible seasoned oils, flavoring powders, and fillings. Currently, instant noodles are extensively consumed with various nutritional elements, such as dried veggies, meat, pork, beef, and seafood.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Instant Noodles Market Trends:
The global instant noodles market is primarily driven by the growing popularity of various convenient and ready-to-eat (RTE) food products due to their cost-effectiveness, portability, storability, minimal cooking time, and longer shelf life. This is further influenced by rising disposable incomes, hectic lifestyles, and busy working schedules of consumers, especially the escalating middle-class population.
Moreover, the increasing demand for flavored appetizers and snack items with several nutritional components has encouraged manufacturers to launch gluten-free and vitamin-enriched product variants, which, in turn, is favoring the market growth. Additionally, the advent of instant cup noodles in new exotic flavors, colors, textures, and spices to cater to evolving consumer tastes and preferences, supported by their easy availability across online and offline distribution channels, is positively impacting the market growth.
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Competitive Landscape with Key Players:
The global instant noodles industry is fragmented due to the presence of a large number of players in the key markets such as:
- Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd.
- Hebei Hualong Food Group
- Indofood Sukses Makmur
- Nissin Foods
- Nestle
- Acecook Vietnam Joint Stock Company
Key Market Segmentation:
The report has categorized the market based on type and distribution channel.
Breakup by Type:
- Fried
- Non-fried
Breakup by Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Regional Insights:
- China
- Indonesia
- Japan
- India
- Vietnam
- United States
- Republic of Korea
- Thailand
- Saudi Arabia
- Others
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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The global Instant Noodles Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2021-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the instant noodles market include Nissin Food Holdings, Nestle S.A., ITC Limited Capital Foods Pvt.
Ltd., Ajinomoto Co. Inc., Acecook Vietnam Joint Stock Company, The Campbell Soup Company, Indofood Sukses Makmur Tbk, Aico Food Ltd., Samyang Corporation.
Furthermore, the manufacturers are also trying to introduce new innovative products with new flavors, textures, colors, and seasonings according to the local taste and preference.
The innovative experiments by the manufacturers are also propelling the global market.
