Product Introduction Instant noodles are dried noodle blocks with flavoring powder or seasoning oil. With a combination of alkaline salts, instant noodles are made from fine wheat flour.
New York, Aug. 19, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Instant Noodles Market: Market Segments: By Product Type; by distribution channel; and by Region – Analysis of Size, Share and Trends 2014 – 2019 and Forecast to 2030″ – https://www.reportlinker.com/p06191546/?utm_source=GNW
In smaller amounts, various additional ingredients such as starch, edible oil, gluten, and stabilizers like guar gum are also added to the dough. Instant noodles are precooked dried noodles which, using one of two methods, either flash frying or air frying, are dehydrated. Usually they are followed by a tiny sachet containing the taster. Additionally, flour, salt, water, palm oil, starch, and other noodle flavor enhancers are used to make these products. Instant noodles are easily available from different brands in physical stores and supermarkets. They contain several micronutrients, including iron, vitamin B and manganese.
The global instant noodles market will exceed USD 56,320 million by 2030 from USD 41,210 million in 2018 at a CAGR of 3.13% throughout the forecast period, i.e., 2019-30.
Consumers are looking for comfort foods because of their hectic lifestyles. Furthermore, increasing per capita disposable income of customers, followed by their growing demand for ready-to-cook items that require minimal cooking time, is expected to drive the global instant noodle market in the coming years. In addition, the health-conscious population is expected to be attracted to fortified instant noodles, which will have a positive effect on the development of the market. With an increasing number of department stores, hypermarkets, supermarkets and convenience stores around the world, the growth of the organized food retail sector is expected to drive instant noodle sales.
Global Instant Noodles Market: Segments
Cup/Bowl Type Segment to Grow with Highest CAGR in 2019-30
The global instant noodles market is segmented by product into cup/bowl and packet. Packaged instant noodles is the leading segment, which is growing at a substantial CAGR to reach USD 27,120 million by the end of 2030. The availability of packaged instant noodles with different package sizes and the advantage of purchasing them based on usage are primarily driving the growth of this segment. The demand for cup/bowl instant noodles has also increased recently as it has many additional flavors. The cup/bowl segment is expected to witness the fastest CAGR of 3.37% during the forecast period owing to its convenience and up-consumption benefits.
Supermarket/Hypermarket Segment Expected to Grow with Highest CAGR in 2019-30
The global instant noodles market is segmented by distribution channel into supermarkets/hypermarkets, traditional grocery stores, online retail and others. Based on the distribution channel, supermarkets/hypermarkets held the largest share in 2018 in terms of revenue in the urban area supermarkets/hypermarkets are the main distribution channels for instant noodles. People tend to buy instant noodles with their daily groceries in urban areas. A major factor enhancing the sales of instant noodles through this channel is also the quick accessibility to these supermarkets/hypermarkets. Supermarkets claim to use all these products to attract more consumers due to changing consumer tastes, players are launching new varieties in the market.
Global Instant Noodle Market: Market Dynamics
Strong demand for ready meals and changing eating habits
The global demand for instant noodles is expected to witness significant growth over the forecast period. Due to the quality of various ingredients, including dehydrated vegetables and animal protein for which they are supplemented with meals in some regions, instant noodles are generally excellent for filling the stomach. Moreover, in the coming years, the wide range of flavors of instant noodles is expected to fuel the market demand. Comprehensive marketing campaigns with new strategies and creative advertising by producers are also helping the growth of the industry.
Increase in disposable income and increase in labor force
Growing urbanization and rising disposable incomes have changed consumer eating habits. The working population now prefer cheap and quick meals, like instant noodles, which require minimal cooking, due to the hectic lifestyle. This improvement in their eating habits provided a great opportunity for the demand for instant noodles to succeed. Additionally, manufacturers continue to formulate new flavors, colors, textures, and seasonings/tastes to expand their customer base based on regional tastes and preferences.
Growing concerns about health issues
The use of instant noodles might be hampered by the excessive use of artificial colors, preservatives, flavorings and heavy processing for extended shelf life that can restrain the market growth. A significant proportion of the population belongs to the middle or lower middle classes. Price sensitivity therefore plays an important role in hampering the development of the instant noodle industry nationwide. Many rural residents are unaware of the various products available until they see them in their local store.
Global Instant Noodles Market: Regions
The global instant noodles market is segmented on the basis of regional analysis into five major regions. These include North America, Latin America, Europe, APAC and the MENA region.
The global instant noodle market in Asia Pacific held the largest market share of 82.15% in 2018 and is expected to grow at a CAGR of 3.16% during the forecast period. China is one of the leading economies in the region, accounting for the largest market share expected during the review period. The demand for instant noodles is fueled by large population size, rapid urbanization and increased demand for fast food. Due to the high demand for Asian noodle flavors and the growing trend of ready meals, the market in Europe, especially in Eastern Europe, enjoys a large market share. The largest market is expected to be the rest of Europe, while the UK is expected to register the highest CAGR over the forecast period.
The global instant noodles market which is highly competitive consists of several major players such as Unilever PLC (UK), Nestle SA (Switzerland), Campbell Soup Company hold substantial market share in the global instant noodles market . Other players analyzed in this report are Ajinomoto Co., Inc. (Japan), Nissin Foods Co., Ltd (Hong Kong), ITC Limited (India), Capital Foods Limited (India), Tat Hui Foods Pte. ltd. (Singapore), Acecook Vietnam Joint Stock Company (Vietnam) and PT Indofood Sukses Makmur Tbk (Indonesia), among others.
The global instant noodles market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – US & Canada
Latin America Market size, share, trends, opportunities, annual growth, CAGR – Mexico, Argentina, Brazil and rest of Latin America
European Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – UK, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, YOY Growth, CAGR – North Africa, Israel, GCC, South Africa & Rest of MENA
Global Instant Noodles Market: Key Players
Capital Foods Pvt. ltd
Key Product Offerings
Key performance indicators
Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd.
Hebei Hualong Food Group
Indofood Sukses Makmur
Acecook Vietnam Joint Stock Company
The Instant Noodles Market report also contains analysis on:
Global Instant Noodles Market Segmentation:
By product type:
By distribution channel:
Traditional grocery stores
Global Instant Noodles Market Dynamics
Global Instant Noodles Market Size
Offer and demand
Competition and companies involved in the market
Market value chain
Market drivers and restraints
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