Global Instant Noodles Market Overview
Global Instant Noodles Market was valued at USD 47.63 billion in 2021 and is expected to reach USD 73.05 billion by the year 2028, at a CAGR of 6.3%.
Instant Noodles are ready-to-cook noodles available in different variety of flavors and with various stomach filling and healthy ingredients, such as dehydrated vegetables, wheat flour, meat, pork, beef, and seafood. They are either available in cup/bowl or packets. Moreover, the availability of packet instant noodles is in different pack sizes, including a single pack, four-pack, and a six-pack.
According to the analyst, owing to hectic lifestyles, consumers are looking for convenience foods. Furthermore, increasing per capita disposable income of the consumers followed by their growing demand for ready-to-cook products that require minimal cooking time is expected to drive the global instant noodles market in coming years. Moreover, fortified instant noodles are expected to attract the health-conscious population which will have a positive impact on market growth.
By the end of 2027, the Instant Noodles market size is estimated to be USD 82.62.
The instant noodles market is expected to observe significant growth during the forecast period. Instant noodles are usually great at filling stomachs having nutritional values owing to various ingredients content including dehydrated vegetables and animal-based proteins for which they are replaced with meals in certain regions. Moreover, the wide range of flavors in instant noodles is expected to boost the market growth in the coming years. Extensive marketing activities with novel strategies and innovative advertisements by manufacturers are also contributing to the growth of the market. The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe, and MEA.
Impact of COVID-19 on Instant Noodles Market
The pandemic (Covid-19) has impacted the Instant Noodles market positively, the food & beverages industry has surprisingly seen a boom across the globe with the new initiatives taken by the industry key players. Due to the lockdown that was imposed in major countries, the rise of frozen food increased because of their longer shelf life and the same amount of nutrition in it. Many consumers were inclining towards the instant noodles that could stay for long and provided the same health benefits. Hence, the market of Instant noodles went through a surge during the pandemic and is continuing to grow even after the countries are facing relaxed lockdown restrictions.
Market Segmentation
Product type Insights:
Currently, fried instant noodles represent the most popular product type, accounting for the majority of the market share. As these noodles are flash fried, they help in securing the flavor, improving the shelf-life and averting bacterial growth.
Regional Insights:
Instant Noodles market is growing rapidly in the Asia-Pacific region. China region is accounted for the largest market share across the globe with the CAGR of 6.13%. China enjoys the leading position in the global instant noodles market. Noodles have been an essential part of the Chinese cuisine owing to which there has been a high demand for instant noodles in the region. China is followed by Indonesia, Japan, India, Vietnam, United States, Republic of Korea, Thailand and Saudi Arabia.
Major Key Players Considered in the Market
- Unilever PLC
- Nestlé S.A.
- Campbell Soup Company
- Ajinomoto Co.
- Nissin Foods Co
- ITC Limited,
- Capital Foods Limited,
- Tat Hui Foods Pte. Ltd.,
- Acecook Vietnam Joint Stock Company
- PT Indofood Sukses Makmur Tbk.
Salient Features of the Instant Noodles Market
The approximate expected value for the Instant Noodles was USD 42.15 billion in 2019, and it is expected to reach USD 85.32 billion by 2025.
- Packet instant noodles is the leading segment, which is growing at a substantial CAGR to reach USD 44.07 billion by the end of 2023.
- The availability of packet instant noodles with different pack size and the advantage of their purchase as per the use is mainly driving the growth of this segment. However, recently the demand for cup/bowl instant noodles is also boosting.
- Cup/bowl segment is expected to haves the fastest growth in CAGR of 3.73% during the forecast period due to its convenience and advantage of on-the-go consumption.
Global Instant Noodles Market |
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Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 47.63 Bn. |
Forecast Period 2022-28 CAGR: |
6.3% |
Market Size in 2028: |
USD 73.05 Bn. |
Segments Covered: |
By Type |
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By Pack Size |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Pack Size
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Instant Noodles Market by Type
5.1 Instant Noodles Market Overview Snapshot and Growth Engine
5.2 Instant Noodles Market Overview
5.3 Fried
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Fried: Grographic Segmentation
5.4 Non-Fried
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Non-Fried: Grographic Segmentation
Chapter 6: Instant Noodles Market by Pack Size
6.1 Instant Noodles Market Overview Snapshot and Growth Engine
6.2 Instant Noodles Market Overview
6.3 Single Pack
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2016-2028F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Single Pack: Grographic Segmentation
6.4 Four Pack
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2016-2028F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Four Pack: Grographic Segmentation
6.5 Six Pack
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size (2016-2028F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Six Pack: Grographic Segmentation
6.6 Others
6.6.1 Introduction and Market Overview
6.6.2 Historic and Forecasted Market Size (2016-2028F)
6.6.3 Key Market Trends, Growth Factors and Opportunities
6.6.4 Others: Grographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Instant Noodles Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Ansoff Matrix
7.1.5 Instant Noodles Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Instant Noodles Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 UNILEVER PLC
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 NESTLÉ S.A.
7.4 CAMPBELL SOUP COMPANY
7.5 AJINOMOTO CO.
7.6 NISSIN FOODS CO
7.7 ITC LIMITED
7.8 CAPITAL FOODS LIMITED
7.9 TAT HUI FOODS PTE. LTD.
7.10 ACECOOK VIETNAM JOINT STOCK COMPANY
7.11 PT INDOFOOD SUKSES MAKMUR TBK
7.12 OTHER MAJOR PLAYERS
Chapter 8: Global Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 Fried
8.2.2 Non-Fried
8.3 Historic and Forecasted Market Size By Pack Size
8.3.1 Single Pack
8.3.2 Four Pack
8.3.3 Six Pack
8.3.4 Others
Chapter 9: North America Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Fried
9.4.2 Non-Fried
9.5 Historic and Forecasted Market Size By Pack Size
9.5.1 Single Pack
9.5.2 Four Pack
9.5.3 Six Pack
9.5.4 Others
9.6 Historic and Forecast Market Size by Country
9.6.1 U.S.
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Europe Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Fried
10.4.2 Non-Fried
10.5 Historic and Forecasted Market Size By Pack Size
10.5.1 Single Pack
10.5.2 Four Pack
10.5.3 Six Pack
10.5.4 Others
10.6 Historic and Forecast Market Size by Country
10.6.1 Germany
10.6.2 U.K.
10.6.3 France
10.6.4 Italy
10.6.5 Russia
10.6.6 Spain
10.6.7 Rest of Europe
Chapter 11: Asia-Pacific Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Fried
11.4.2 Non-Fried
11.5 Historic and Forecasted Market Size By Pack Size
11.5.1 Single Pack
11.5.2 Four Pack
11.5.3 Six Pack
11.5.4 Others
11.6 Historic and Forecast Market Size by Country
11.6.1 China
11.6.2 India
11.6.3 Japan
11.6.4 Singapore
11.6.5 Australia
11.6.6 New Zealand
11.6.7 Rest of APAC
Chapter 12: Middle East & Africa Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Fried
12.4.2 Non-Fried
12.5 Historic and Forecasted Market Size By Pack Size
12.5.1 Single Pack
12.5.2 Four Pack
12.5.3 Six Pack
12.5.4 Others
12.6 Historic and Forecast Market Size by Country
12.6.1 Turkey
12.6.2 Saudi Arabia
12.6.3 Iran
12.6.4 UAE
12.6.5 Africa
12.6.6 Rest of MEA
Chapter 13: South America Instant Noodles Market Analysis, Insights and Forecast, 2016-2028
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Fried
13.4.2 Non-Fried
13.5 Historic and Forecasted Market Size By Pack Size
13.5.1 Single Pack
13.5.2 Four Pack
13.5.3 Six Pack
13.5.4 Others
13.6 Historic and Forecast Market Size by Country
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of SA
Chapter 14 Investment Analysis
Chapter 15 Analyst Viewpoint and Conclusion
Global Instant Noodles Market |
|||
Base Year: |
2021 |
Forecast Period: |
2022-2028 |
Historical Data: |
2016 to 2020 |
Market Size in 2021: |
USD 47.63 Bn. |
Forecast Period 2022-28 CAGR: |
6.3% |
Market Size in 2028: |
USD 73.05 Bn. |
Segments Covered: |
By Type |
|
|
By Pack Size |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INSTANT NOODLES MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INSTANT NOODLES MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INSTANT NOODLES MARKET COMPETITIVE RIVALRY
TABLE 005. INSTANT NOODLES MARKET THREAT OF NEW ENTRANTS
TABLE 006. INSTANT NOODLES MARKET THREAT OF SUBSTITUTES
TABLE 007. INSTANT NOODLES MARKET BY TYPE
TABLE 008. FRIED MARKET OVERVIEW (2016-2028)
TABLE 009. NON-FRIED MARKET OVERVIEW (2016-2028)
TABLE 010. INSTANT NOODLES MARKET BY PACK SIZE
TABLE 011. SINGLE PACK MARKET OVERVIEW (2016-2028)
TABLE 012. FOUR PACK MARKET OVERVIEW (2016-2028)
TABLE 013. SIX PACK MARKET OVERVIEW (2016-2028)
TABLE 014. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 015. NORTH AMERICA INSTANT NOODLES MARKET, BY TYPE (2016-2028)
TABLE 016. NORTH AMERICA INSTANT NOODLES MARKET, BY PACK SIZE (2016-2028)
TABLE 017. N INSTANT NOODLES MARKET, BY COUNTRY (2016-2028)
TABLE 018. EUROPE INSTANT NOODLES MARKET, BY TYPE (2016-2028)
TABLE 019. EUROPE INSTANT NOODLES MARKET, BY PACK SIZE (2016-2028)
TABLE 020. INSTANT NOODLES MARKET, BY COUNTRY (2016-2028)
TABLE 021. ASIA PACIFIC INSTANT NOODLES MARKET, BY TYPE (2016-2028)
TABLE 022. ASIA PACIFIC INSTANT NOODLES MARKET, BY PACK SIZE (2016-2028)
TABLE 023. INSTANT NOODLES MARKET, BY COUNTRY (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA INSTANT NOODLES MARKET, BY TYPE (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA INSTANT NOODLES MARKET, BY PACK SIZE (2016-2028)
TABLE 026. INSTANT NOODLES MARKET, BY COUNTRY (2016-2028)
TABLE 027. SOUTH AMERICA INSTANT NOODLES MARKET, BY TYPE (2016-2028)
TABLE 028. SOUTH AMERICA INSTANT NOODLES MARKET, BY PACK SIZE (2016-2028)
TABLE 029. INSTANT NOODLES MARKET, BY COUNTRY (2016-2028)
TABLE 030. UNILEVER PLC: SNAPSHOT
TABLE 031. UNILEVER PLC: BUSINESS PERFORMANCE
TABLE 032. UNILEVER PLC: PRODUCT PORTFOLIO
TABLE 033. UNILEVER PLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 033. NESTLÉ S.A.: SNAPSHOT
TABLE 034. NESTLÉ S.A.: BUSINESS PERFORMANCE
TABLE 035. NESTLÉ S.A.: PRODUCT PORTFOLIO
TABLE 036. NESTLÉ S.A.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 036. CAMPBELL SOUP COMPANY: SNAPSHOT
TABLE 037. CAMPBELL SOUP COMPANY: BUSINESS PERFORMANCE
TABLE 038. CAMPBELL SOUP COMPANY: PRODUCT PORTFOLIO
TABLE 039. CAMPBELL SOUP COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 039. AJINOMOTO CO.: SNAPSHOT
TABLE 040. AJINOMOTO CO.: BUSINESS PERFORMANCE
TABLE 041. AJINOMOTO CO.: PRODUCT PORTFOLIO
TABLE 042. AJINOMOTO CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 042. NISSIN FOODS CO: SNAPSHOT
TABLE 043. NISSIN FOODS CO: BUSINESS PERFORMANCE
TABLE 044. NISSIN FOODS CO: PRODUCT PORTFOLIO
TABLE 045. NISSIN FOODS CO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. ITC LIMITED: SNAPSHOT
TABLE 046. ITC LIMITED: BUSINESS PERFORMANCE
TABLE 047. ITC LIMITED: PRODUCT PORTFOLIO
TABLE 048. ITC LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. CAPITAL FOODS LIMITED: SNAPSHOT
TABLE 049. CAPITAL FOODS LIMITED: BUSINESS PERFORMANCE
TABLE 050. CAPITAL FOODS LIMITED: PRODUCT PORTFOLIO
TABLE 051. CAPITAL FOODS LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. TAT HUI FOODS PTE. LTD.: SNAPSHOT
TABLE 052. TAT HUI FOODS PTE. LTD.: BUSINESS PERFORMANCE
TABLE 053. TAT HUI FOODS PTE. LTD.: PRODUCT PORTFOLIO
TABLE 054. TAT HUI FOODS PTE. LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. ACECOOK VIETNAM JOINT STOCK COMPANY: SNAPSHOT
TABLE 055. ACECOOK VIETNAM JOINT STOCK COMPANY: BUSINESS PERFORMANCE
TABLE 056. ACECOOK VIETNAM JOINT STOCK COMPANY: PRODUCT PORTFOLIO
TABLE 057. ACECOOK VIETNAM JOINT STOCK COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. PT INDOFOOD SUKSES MAKMUR TBK: SNAPSHOT
TABLE 058. PT INDOFOOD SUKSES MAKMUR TBK: BUSINESS PERFORMANCE
TABLE 059. PT INDOFOOD SUKSES MAKMUR TBK: PRODUCT PORTFOLIO
TABLE 060. PT INDOFOOD SUKSES MAKMUR TBK: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 061. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 062. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 063. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INSTANT NOODLES MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INSTANT NOODLES MARKET OVERVIEW BY TYPE
FIGURE 012. FRIED MARKET OVERVIEW (2016-2028)
FIGURE 013. NON-FRIED MARKET OVERVIEW (2016-2028)
FIGURE 014. INSTANT NOODLES MARKET OVERVIEW BY PACK SIZE
FIGURE 015. SINGLE PACK MARKET OVERVIEW (2016-2028)
FIGURE 016. FOUR PACK MARKET OVERVIEW (2016-2028)
FIGURE 017. SIX PACK MARKET OVERVIEW (2016-2028)
FIGURE 018. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 019. NORTH AMERICA INSTANT NOODLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. EUROPE INSTANT NOODLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. ASIA PACIFIC INSTANT NOODLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. MIDDLE EAST & AFRICA INSTANT NOODLES MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. SOUTH AMERICA INSTANT NOODLES MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Instant Noodles Market research report is 2022-2028
Unilever PLC, Nestlé S.A., Campbell Soup Company, Ajinomoto Co., Nissin Foods Co, and other major players.
The Instant Noodles Market is segmented into Type, Packet Size, and region. By Type, the market is categorized into Fried, and Non-fried. By Pack Size, the market is categorized into Single Pack, Four Pack, Six Pack, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Instant Noodles are ready-to-cook noodles available in different variety of flavors and with various stomach filling and healthy ingredients, such as dehydrated vegetables, wheat flour, meat, pork, beef, and seafood.
The Instant Noodles Market was valued at USD 47.63 Billion in 2021 and is projected to reach USD 73.05 Billion by 2028, growing at a CAGR of 6.3% from 2022 to 2028.