Global Instant Noodles Market Overview:
Instant Noodles are one of the staple foods which are made from blend of flour, the major components are wheat flour, corn starch and others. Instant Noodles market has high growth prospects due to its microwave cooking supports and very less preparation time. Additionally, Rise in the consumer preference towards new diet habits and preferences for international food trends will further boost the product demand. Rising living of standards & increasing working women population in the Asia-pacific countries including India, China, Japan etc. owing to rising disposable income will further contribute to the market expansion. Major companies such as Nongshim Co. Ltd. launched several new products such as pork bone noodles, Noodle Cup Oil Saba and others in their product portfolio in Japan consumer markets that beneficial in durable alternatives for customers in the manufactured goods arena.
As per latest study released by AMA Research, the Global Instant Noodles market is expected to see growth rate of 5.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Hectic Lifestyle and Working Population Leads to Boost the Market. and Value-Oriented Customer.
Market Growth Drivers:
Rapid Urbanization and Increasing Disposable Income have Altered the Eating Habits of Customers. and Rising Growth of Organized Food Retail Sector.
Challenges:
Fluctuation of raw material Prices is Anticipated to Challenge the Market., Wrong Labelling leads to Product Calls and Stiff Competition between Regional Players
Restraints:
Stringent Government Regulation may hamper the Market. and Side Effects Associated with Instant Noodles
Opportunities:
Upsurge Demand for Wide Ranges of Flavors along with Vegetarian and Non-Vegetarian Variations. and Increasing Investment from Manufacturers and Investor in Instant Noodles Industry.
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers competing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Hebei Hualong Food Group (China), Indofood Sukses Makmur (Indonesia), Nissin Foods (Japan), Nestle (Switzerland), Acecook Vietnam Joint Stock Company (Vietnam), Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd. (Hong Kong) and Sanyo Foods (United States). Additionally, following companies can also be profiled that are part of our coverage like Monde Nissin (Philippines), Mareven Food Central (Cyprus) and Universal Robina (Philippines). Considering Market by Distribution Channels, the sub-segment i.e. Supermarkets will boost the Instant Noodles market.
Latest Market Insights:
In June 2023, Kapa Foods Innovations Limited, a joint venture between Sojitz Corporation and Kapa Oil Refineries Limited, entered the instant noodle market targeting Kenya and the East African region.
In January 2023, WickedGud, a D2C health food brand, launched instant noodles made with oats, lentils, whole wheat, millet, and brown rice. These noodles are 100% maida-free, oil-free, and free of harmful chemicals.
“According to the Food Safety and Standards (Food Products Standards and Food Additives) Amendment Regulations, the seasoning, if it is accompanying the instant noodles, will henceforth be labeled distinctly on the package of the instants noodles. In fact, the seasoning and the noodles will be considered two separate products.
What Can be Explored with the Instant Noodles Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Instant Noodles Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Instant Noodles
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Instant Noodles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Instant Noodles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Instant Noodles Manufacturers, Instant Noodles Traders, End-Use Market Participants of Different Segments of Instant Noodles, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.