Instant Noodles Market Size, Share Global Analysis Report, 2021 - 2028

Industry Insights

According to Facts & Factors, the latest report on the global instant noodles market offers information about detailed industry data and market analytics. The global instant noodles market size was valued at USD 46.75 Billion in 2020 and is expected to generate revenue of approximately USD 74.85 Billion by the end of 2028, with a CAGR of about 6.8% during the forecast period (2021 to 2028).

Market Overview

Instant noodles or instant ramen are a variety of noodles that are sold pre-cooked in a dried block format with an added preservative/flavoring powder or oil for seasoning. The flavoring is usually in a separate packet for standard instant noodles however, in the case of cup noodles the flavoring is already added to the batch. Some forms of instant noodles come in a seal-packed structure while some can be cooked in an oven or some can even be eaten straight from the container by simply adding hot water. The main ingredient that goes behind producing instant noodles is wheat flour, palm oil, and salt while common ingredients contain salt, monosodium glutamate, seasoning, and salt.

Industry Growth Factors

The driving factors for the global instant noodle market are the outbreak of COVID-19 leading to lockdown measures by governments across the globe and the majority of consumers switching to home-cooked meals and stocking of food items for a longer duration of time. Additionally, instant noodles offer a wider range of benefits such as convenience, taste, nutrition, and affordable price. These factors are expected to propel the growth of the global instant noodles market to a larger market share during the forecast. Increasing consumer awareness about a healthier dose of noodles and fortified and durable consumables and beverages will further increase the appeal of instant noodles for a wider consumer base. The rising trend of convenience food coupled with a hectic work schedule of the working population is expected to open new revenue opportunities for the global instant noodle market.

Manufacturers are looking to bank in the opportunity of the latter by integrating a range of functionalities such as instant appetizing solutions, longer shelf life, and a wider selection of products in order to capture a larger consumer base. The rising middle-class population has shown an increased dependence on quickly made meals within optimal prices will further boost the growth of the global instant noodles market. Additionally, manufacturers using organic and fresh produce during production will attract a wider range of consumers during the forecast. However, increased consumption can cause metabolic syndrome and other health disorders such as diabetes, hypertension, and others due to chemical correspondents which can decrease the growth of the market to a certain extent.

Segmentation Analysis

The global instant noodles market can be segmented into type, modality, ingredient, distribution channel, and region.

On the basis of type, the global noodles market can be divided into chicken, vegetables, seafood, and others. The chicken category is expected to witness the largest market share owing to a wider range of taste offerings and affordability factor. Furthermore, the inclination of consumers toward a healthier form of consumables coupled with chicken and a greater source of protein, carbohydrates, and others are likely to cement the dominance of this category during the forecast period. On the basis of modality, the global instant noodles market can be fragmented into fried and non-fried. Fried instant noodles are expected to occupy the largest market share during the forecast owing to the flash-fried production method of the noodles, longer shelf life, and resistive bacterial growth.

On the basis of ingredients, the global instant noodles market can be disintegrated into oats, rice, wheat, and others. The segment of wheat is expected to witness the largest market share during the advent of the forecast owing to abundant availability and fortified digestive properties coupled with rich supplements such as iron, calcium, and others.

On the basis of distribution channels, the global instant noodles market can be broken down into supermarkets/hypermarkets, convenience stores, online retail, and others. Supermarkets/hypermarkets are expected to occupy the largest market share during the advent of the forecast owing to the rapid emergence and increased investments. Furthermore, integral components such as product shelves, informative boards, and others provide a greater shopping experience for shoppers which in turn drive the volumetric sales for the segment.

Report Scope

Regional Analysis

Asia-Pacific is expected to witness the largest market share during the advent of the forecast owing to global revenue contribution. Factors pertaining to the dominant position of the market can be credited to rising disposable incomes and densely populous countries to name a few.

Furthermore, rising consumer awareness increased willingness to spend on food products to decrease time in their hectic lifestyles, and improve overall well-being will further lead to the extensive growth of the global instant noodles market during the forecast period. Europe is expected to witness the next subsequent market share during the forecast owing to the rise of snack-based consumable in the form of instant noodles, availability of ethnic flavors, and increased nutritional values.

Competitive Players

The key participants in the global instant noodles market are :

• Nissin Food Holdings
• Nestle S.A.
• ITC Limited
• Capital Food Pvt Ltd.
• Ajinomoto Co Inc.
• Acecook Vietnam Joint Stock Company
• Indofood Sukses Makmur Tbh
• Aico Food Ltd.
• Samyang Corporation, Unilever PLC
• Nongshim Co Ltd.
• Hebei Hualong Food Group
• Master Kong

By Type Segment Analysis

• Chicken
• Vegetables
• Sea Food
• Others

By Modality Segment Analysis

• Fried
• Non-Fried

By Ingredient Segment Analysis

• Oats
• Rice
• Wheat
• Others

By Distribution Channel Segment Analysis

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA