Instant Noodles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Instant Noodles Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Instant Noodles Market


The instant noodles market size reached at USD 57.73 billion in 2023, and the market is now projected to grow from USD 61.08 billion in 2024 to USD 98.26 billion by 2032, exhibiting a CAGR of 6.12% during the forecast period of 2023-2032.

Due to covid pandemic, the production and supply chain of the various food industries led to decline which significantly affected the instant noodles market growth. The government-imposed restrictions on social gathering and outing of peoples, due to which consumers are bound to prepare their food on their own, especially instant foods.

The demand for instant food is gaining consumer attraction due to its less time-consuming quality, as most of the people are working nowadays, they have limited time to devote in the kitchen to prepare meals, in such condition, instant food becomes an easy option to save time and get the things done. Instant food items come with perks and offers which attracts the consumers to order more and more which is driving the instant noodles market growth significantly. Low cost or affordable food items are always been a choice for consumers which fuel the market expansion during forecast period.

Additionally, consumers are focusing on healthier food habits so turning towards the food which has good nutrition value which is a latest trend driving the market expansion. Manufacturers are emphases on developing food products which contains every possible nutrient and adopting different strategies to boost their market growth. Food makers are preparing foods which are gluten free and sun-dried to boost the instant noodles market growth.

Comprehensive Analysis of Instant Noodles Market

The instant noodles market is witnessing exponential market growth due to its versatile market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the food management industry. These segmentations are methodically divided on the basis of types, raw material, packaging and distribution channel. The types segmentation includes Chicken, Sea Food, Vegetable, and Others, while Raw Material segmentation Rice, Wheat, includes Oats, and Others. On the other hand, Packaging segmentation includes Bag and Cup and Distribution Channel includes the segment Supermarkets/Hypermarkets, Online Retail Specialty Stores and Convenience Stores.

In the instant noodles market, Asia Pacific region will have the highest CAGR in terms of revenue throughout projected period with a market size of USD 49.54 billion in 2023 due to growing consumer preferences towards healthier food habits and ready to eat food that can be prepared in no time and comes with benefits such as longer shelf-life and instant appetizers.

The prominent players in the instant noodles market play a crucial role in the food industry to assure industrial exponential growth and setting market standards. These prominent players include, Ajinomoto Co. Inc. (Japan), Nestle S.A. (Switzerland), Capital Foods Pvt. Ltd. (India), Acecook Vietnam Joint Stock Company (Vietnam), ITC Limited (India), The Campbell Soup Company (U.S.), Nissin Food Holdings (Japan), Indofood Sukses Makmur Tbk (Indonesia), Toyo Suisan Kaisha Ltd. (Japan), and Tat Hui Foods Pte Ltd. (Singapore) these market players provide a competitive environment across the globe.

In November 2023, the manufacturers of janes noodles presented a new vegetarian dry noodle specifically for Indian consumers. The collection named as ‘made in Japan for India, comes in two distinct varieties Udon noodles and Ramen noodles.

Segmentation Table

Attribute Details

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.12% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Chicken

Vegetable

Sea Food

Others

By Raw Material

Oats

Rice

Wheat

Others

By Packaging

Bag

Cup

By Distribution Channel

Supermarkets/Hypermarkets

Convenience Stores

Specialty Stores

Online Retails

By Region

North America (By Type, Raw Material, Packaging, Distribution Channel, and Country)

-U.S. (By Type)

-Canada (By Type)

-Mexico (By Type)

Europe (By Type, Raw Material, Packaging, Distribution Channel, and Country)

-Germany (By Type)

-France (By Type)

-Italy (By Type)

-U.K. (By Type)

-Spain (By Type)

-Russia (By Type)

-Sweden (By Type)

-Ukraine (By Type)

-Denmark (By Type)

-Finland (By Type)

-Switzerland (By Type)

-Belgium (By Type)

-Portugal (By Type)

-Poland (By Type)

-Czech Republic (By Type)

-Hungary (By Type)

-Rest of Europe (By Type)

Asia Pacific (By Type, Raw Material, Packaging, Distribution Channel, and Country)

-China (By Type)

-Indonesia (By Type)

-India (By Type)

-Japan (By Type)

-Australia (By Type)

-Thailand (By Type)

-Rest of Asia Pacific (By Type)

South America (By Type, Raw Material, Packaging, Distribution Channel, and Country)

-Brazil (By Type)

-Argentina (By Type)

-Colombia (By Type)

-Rest of South America (By Type)

Middle East and Africa (By Type, Raw Material, Packaging, Distribution Channel, and Country)

-South Africa (By Type)

-Saudi Arabia (By Type)

-Nigeria (By Type)

-Kenya (By Type)

-Rest of ME&A (By Type)