Global Instant Noodles Market - 2023-2030

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,350	200 Pages	DataM Intelligence 4Market Research LLP	June, 2023	DTAM18000983

Best Price Guarantee
Price	from $4,350
Length	200 Pages
Publisher	DataM Intelligence 4Market Research LLP
Published Date	June, 2023
SKU	DTAM18000983

Global Instant Noodles Market - 2023-2030

The Global Instant Noodles Market size US$ 42.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 66.2 billion by 2030. The market is growing at a CAGR of 5.7% during the forecast period 2023-2030.

Instant noodles are primarily made of refined wheat flour and a variety of alkaline salts. Other ingredients that are added to the dough in smaller proportions include flour, edible oil, gluten, and stabilizers such as guar gum. Instant noodles are precooked, dried noodles that have been flash-fried or fried in the air before being dehydrated. They often include a little sachet that contains the tastemaker.

Instant Noodles are becoming more and more well-liked all around the world because they are portable, quick to cook, and simple to keep. An expanding millennial population and an increase in working-class customers are driving demand for packaged food products like instant noodles.

Market Dynamics

Rising Convenience and Affordability are Anticipated to Grow the Instant Noodles Market’s Growth

With the increase in urbanization, people are leading busier lifestyles than ever before. According to the US Bureau of Labor Statistics, the average American spends over 8 hours a day at work or on work-related activities. This leaves little time for cooking, and instant noodles provide a quick and convenient meal solution. Instant noodles are relatively inexpensive compared to other meal options.

For example, a study by the UK's Guardian newspaper found that a packet of instant noodles costs around 30p, while a sandwich costs around £2.00. This makes instant noodles an affordable meal option for people on a tight budget.

Increasing Innovation in Flavors and Varieties is Expected to Fuel the Instant Noodles Market

Increasing innovation in flavors and varieties is a significant opportunity for the instant noodles market, as it allows manufacturers to cater to the diverse taste preferences of consumers. The introduction of new and exciting flavors and varieties has increased the appeal of instant noodles, attracting new customers and retaining existing ones.

For instance, in India, instant noodles manufacturers have introduced flavors such as masala, tomato and chicken, which have become extremely popular among consumers. Innovation in flavors and varieties allows manufacturers to differentiate their products from competitors, giving them a competitive edge in the market.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Russia-Ukraine War Impact

The crisis has caused manufacturing and the supply chain for the producers of instant noodles in both Russia and Ukraine to be disrupted. According to the Russian Federal State Statistics Service, the COVID-19 pandemic and economic sanctions affected the import of raw materials and equipment required for the production of instant noodles.

This caused a 0.4% decline in food product output in Russia in 2020. According to the World Trade Organization, exports of food products from Ukraine to Russia decreased by 52% between 2013 and 2019, due in part to the conflict.

Segment Analysis

The global instant noodles market is segmented based on product type, raw material, packaging, distribution channel and region.

By Raw Material, the Wheat Segment Holds the Largest Market Share of the Instant Noodles Market

Wheat flour is widely available and cost-effective, making it the preferred ingredient in instant noodles manufacturing. Wheat flour provides the desired texture and taste to instant noodles, giving them the distinctive chewy and springy texture that consumers enjoy.

According to the Food and Agriculture Organization of the United Nations, wheat is the most widely grown crop in the world and is the primary source of calories for over 1 billion people. This indicates the widespread availability and popularity of wheat as a staple food, which contributes to the large market share of the wheat segment in the instant noodles market.

Geographical Analysis

North America is the Fastest-growing Market in the Instant Noodles Industry

The instant noodles market in North America has been growing steadily in recent years, driven by changing consumer preferences and increasing demand for convenience foods. As people's lives become increasingly busy, they are looking for quick and convenient meal solutions. Instant noodles offer a quick and easy meal option that can be prepared in minutes.

According to World Instant Noodles Association, the demand for noodles in the United States of America has increased from 4,130 million servings in 2017 to 4,980 million servings in 2021.

Competitive Landscape

The major global players include the Instant Noodles market are Nissin Food Holdings, Nestle S.A., ITC Limited, Capital Foods Pvt Ltd., Ajinomoto Co. Inc., Thai Preserved Food Factory Co. Ltd, CG Foods India Pvt. Ltd., GSK Consumer Healthcare (India) Ltd., Inbisco India Pvt. Ltd., and Aico Food Ltd.

Why Purchase the Report?
• To visualize the global instant noodles market segmentation based on product type, raw material, packaging and distribution channel to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of instant noodles market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Instant Noodles Market Report Would Provide Approximately 69 Tables, 69 Figures and 200 Pages.

Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

1. Methodology and Scope: 1.1. Research Methodology; 1.2. Research Objective and Scope of the Report
2. Definition and Overview
3. Executive Summary: 3.1. Snippet by Product Type; 3.2. Snippet by Raw Material; 3.3. Snippet by Packaging; 3.4. Snippet by Distribution Channel; 3.5. Snippet by Region
4. Dynamics: 4.1. Impacting Factors; 4.1.1. Drivers; 4.1.1.1. Growing adoption of convenient foods; 4.1.1.2. Rising Convenience and Affordability; 4.1.2. Restraints; 4.1.2.1. Increasing prevalence of obesity and diabetes; 4.1.3. Opportunity; 4.1.3.1. Increasing innovation in flavors and varieties; 4.1.4. Impact Analysis
5. Industry Analysis: 5.1. Porter's Five Force Analysis; 5.2. Supply Chain Analysis; 5.3. Pricing Analysis; 5.4. Regulatory Analysis
6. COVID-19 Analysis: 6.1. Analysis of COVID-19; 6.1.1. Scenario Before COVID-19; 6.1.2. Scenario During COVID-19; 6.1.3. Scenario Post COVID-19; 6.2. Pricing Dynamics Amid COVID-19; 6.3. Demand-Supply Spectrum; 6.4. Government Initiatives Related to the Market During the Pandemic; 6.5. Manufacturers’ Strategic Initiatives; 6.6. Conclusion
7. By Product Type: 7.1. Introduction; 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 7.1.2. Market Attractiveness Index, By Product Type; 7.2. Vegetable*; 7.2.1. Introduction; 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 7.3. Chicken; 7.4. Sea Food; 7.5. Others
8. By Raw Material: 8.1. Introduction; 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 8.1.2. Market Attractiveness Index, By Raw Material; 8.2. Wheat*; 8.2.1. Introduction; 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 8.3. Rice; 8.4. Oats; 8.5. Others
9. By Packaging: 9.1. Introduction; 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 9.1.2. Market Attractiveness Index, By Packaging; 9.2. Packets*; 9.2.1. Introduction; 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 9.3. Cups/Bowls
10. By Distribution Channel: 10.1. Introduction; 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel; 10.1.2. Market Attractiveness Index, By Distribution Channel; 10.2. Supermarkets/Hypermarkets *; 10.2.1. Introduction; 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%); 10.3. Specialty Stores; 10.4. Convenience Stores; 10.5. Online Sales; 10.6. Others
11. By Region: 11.1. Introduction; 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region; 11.1.2. Market Attractiveness Index, By Region; 11.2. North America; 11.2.1. Introduction; 11.2.2. Key Region-Specific Dynamics; 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel; 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.2.7.1. The U.S.; 11.2.7.2. Canada; 11.2.7.3. Mexico; 11.3. Europe; 11.3.1. Introduction; 11.3.2. Key Region-Specific Dynamics; 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.3.6.1. Germany; 11.3.6.2. The UK; 11.3.6.3. France; 11.3.6.4. Italy; 11.3.6.5. Spain; 11.3.6.6. Rest of Europe; 11.4. South America; 11.4.1. Introduction; 11.4.2. Key Region-Specific Dynamics; 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel; 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.4.7.1. Brazil; 11.4.7.2. Argentina; 11.4.7.3. Rest of South America; 11.5. Asia-Pacific; 11.5.1. Introduction; 11.5.2. Key Region-Specific Dynamics; 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel; 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country; 11.5.7.1. China; 11.5.7.2. India; 11.5.7.3. Japan; 11.5.7.4. Australia; 11.5.7.5. Rest of Asia-Pacific; 11.6. Middle East and Africa; 11.6.1. Introduction; 11.6.2. Key Region-Specific Dynamics; 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type; 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Raw Material; 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Packaging; 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
12. Competitive Landscape: 12.1. Competitive Scenario; 12.2. Market Positioning/Share Analysis; 12.3. Mergers and Acquisitions Analysis
13. Company Profiles: 13.1. Nissin Food Holdings*; 13.1.1. Company Overview; 13.1.2. Product Portfolio and Description; 13.1.3. Financial Overview; 13.1.4. Key Developments; 13.2. Nestle S.A.; 13.3. ITC Limited; 13.4. Capital Foods Pvt Ltd.; 13.5. Ajinomoto Co. Inc.; 13.6. Thai Preserved Food Factory Co.Ltd; 13.7. CG Foods India Pvt. Ltd.; 13.8. GSK Consumer Healthcare (India) Ltd.; 13.9. Inbisco India Pvt. Ltd.; 13.10. Aico Food Ltd.; LIST NOT EXHAUSTIVE
14. Appendix: 14.1. About Us and Services; 14.2. Contact Us