IMARC Group, a leading market research company, has recently released a report titled “Instant Noodles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global instant noodles market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the instant noodles market?
The global instant noodles market size reached US$ 52.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 71.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Market Outlook:
Instant noodles represent a type of pre-cooked and flavored noodle blocks that are extensively utilized by individuals, especially working professionals. They are generally produced from water, wheat flour, salt, and other additives, such as monosodium glutamate (MSG), palm oil, flavor enhancers, etc., high in carbohydrates, sodium, fat, etc. Instant noodles are commercially available in a wide array of shapes and flavors and can be cooked in just a few minutes, making them an easy and quick meal option. They can be cooked in minutes by simply adding boiling water or immersing them in hot water. Instant noodles are convenient and timesaving. They are usually served with numerous sauces and toppings, such as chili paste, soy sauce, fish sauce, etc. Instant noodles are found in almost any grocery store and are cheaper than other meal options. In line with this, they are utilized to add flavor to otherwise bland dishes, including vegetables or rice.
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Instant Noodles Market Trends:
The growing demand for popular convenience food items is primarily driving the instant noodles market. Additionally, the widespread adoption of affordable and ready-to-eat (RTE) meal options that require minimal cooking time and skills is further catalyzing the market growth. Besides this, the rising utilization of instant noodles, owing to their convenience, affordability, long shelf-life, etc., is acting as another significant growth-inducing factor.
Moreover, the introduction of microwaveable instant noodles with reduced salt and sugar content is also positively influencing the global market. Apart from this, the easy availability of both non-vegetarian and vegetarian product variants with innovative and unique flavors, textures, and seasonings or tastemakers is anticipated to fuel the instant noodles market over the forecasted period.
Competitive Landscape with Key Players:
Who are the key companies operating in the instant noodles industry?
The report covers the major market players including:
- Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd.
- Hebei Hualong Food Group
- Indofood Sukses Makmur
- Nissin Foods
- Nestle
- Acecook Vietnam Joint Stock Company
Instant Noodles Market Segmentation:
The report has categorized the market based on type and distribution channel.
Based on Type:
- Fried
- Non-fried
Based on Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Stores
- Others
Regional Insights:
- China
- Indonesia
- Japan
- India
- Vietnam
- United States
- Republic of Korea
- Thailand
- Saudi Arabia
- Others
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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