The global instant noodles market size reached a value of US$ 42.2 Billion in 2018. By 2024, the market value is projected to reach US$ 57.5 Billion, at a projected CAGR of 5.2% during 2019-2024. As per the analysis by IMARC Group, the top global instant noodles companies are constantly investing in several R&D activities to enhance their product portfolio, thereby luring a wide customer base. The manufacturers of the industry are embracing advanced and distributive approaches to increase the market size of their products. Even though instant noodles are available in a wide range of flavors, along with numerous vegetarian and non-vegetarian options, the manufacturers continue experimenting with new organic flavors, qualities, and natural textures, owing to the changing consumer tastes and preferences. Additionally, both regional and international companies are implementing groundbreaking and distributive strategies to gain a competitive edge over their peers. Moreover, the market vendors are constantly espousing innovative techniques to augment the shelf life of frozen instant noodles, which will further improve the acceptance of instant noodles in the market in the upcoming years.
Headquarter: Jakarta, Indonesia
Indofood is an Indonesian producer of instant noodles, condiments, cereals, seasonings, cookies, snack foods, and cooking oils, among others. The instant noodles-based brand portfolio of the company includes IndoMie, Supermi, Sarimi, Pop Bihun, Sakura, and others. In 2018, the company’s annual sales were US$ 5.26 Million, with around 91,217 employees and distribution network across 60 countries globally.
Nissin Foods Holdings Co. Ltd.
Headquarter: Tokyo, Japan
Nissin Food is a manufacturer of instant noodles and other convenience foods, including breakfast cereals, frozen food items, confectioneries, and beverages. The company markets its instant noodles products under several brands, including Cup Noodles, Top-Ramen, Souper Meal, Nissin Raoh, and UFO, among many more. In 2018, the annual sales of the company accounted for US$ 4.06 Billion, with around 2,200 employees working across various countries of Asia, Americas, and Europe regions.
Headquarter: Vevey, Switzerland
Nestlé manufactures a wide range of breakfast cereals, instant noodles, confectionaries, nutrition and milk products, and other ready-to-eat food items. These products are sold under over 2000 brands, including Nescafé, Maggi, Haagen-Dazs, Kit-Kat, DiGiorno, Perrier, etc. The company sells its instant noodles as Maggi 2-Minute Noodles and Maggi Cup Noodles, that are available in different flavors. In 2018, the net sales accounted for US$ 94.1 Billion, with over 308,000 employees working across 190 countries worldwide.
Uni-President Enterprises Corp.
Headquarter: Tainan City, Taiwan
Uni-President is primarily engaged in food manufacturing, retail, distribution, and logistics, etc. The company’s food manufacturing subsidiary provides instant noodles, dairy & non-alcoholic beverages, meat products, baked items, edible oil, animal feed, and various frozen foods, among others. In 2018, the company generated consolidated net sales of US$ 14.3 Billion, with around 30,000 employees onboard.
Toyo Suisan Kaisha Ltd.
Headquarter: Tokyo, Japan
Toyo Suisan Kaisha (TSK) is a food company that has a wide product portfolio, comprising of instant noodles, chilled noodles, frozen food, soups, seafood, rice, ham, sausages, and other processed foods. The company sells these products under brands, including Maru-chan, Red Fox, Green Raccoon, Maruchan Qtta, Maru-chan-yaki-soba, Cup Yakisoba, Non-fried bag, Marut’s Wonton, and Good Range, among others. In 2018, the company’s net sales were around US$ 3.4 Billion, out of which US$ 1.03 Million was represented by the domestic instant noodles segment. The firm operates throughout the USA, Korea, Mexico, Taiwan, and China, with a total workforce of 4,732 staff.
Tingyi (Cayman Islands) Holding Corp.
Headquarter: Tianjin, China
Tingyi manufactures and supplies beverages, instant noodles, baked goods, and other processed food items. The company majorly markets and delivers its food and beverage products via its subsidiary, Master Kong Instant Foods and Master Kong Beverages, across China. In 2018, the company’s annual sales were US$ 8.7 Million, with approximately 108 warehouses located across China.
Ajinomoto Co. Inc.
Headquarter: Tokyo, Japan
Ajinomoto is a Japanese food and biotechnology corporation that produces seasonings, processed foods, cooking oils, frozen foods, beverages, amino acids, and pharma products, among many more. The company markets its food products under brands, such as Masako, Aji-ngon, MID, Vono, Ginisa, Sam Smak, and others. In 2018, the company’s net sales accounted for US$10.4 Billion, with over 34,504 employees and a global presence around 35 countries globally.
Campbell Soup Company
Headquarter: New Jersey, United States
Campbell Soup Company is a food company that provides a wide range of soups and simple meals, instant noodles, canned pasta, baked goods, beverages, and snacks. The company markets its products under several names, including Campbell’s, Goldfish, Lance, Pacific Foods, Milano, Cape Cod, Farmhouse, Spaghettis, Plum Organics, and many such brands. In 2018, the company’s annual sales were reported at US$ 8.7 Billion, with around 23,000 employees working across 160 global sites.
Headquarter: Kolkata, India
ITC is an Indian conglomerate company with the business majorly covering fast-moving consumer goods, hospitality, paperboards and packaging, agri-business, and information technology. The company markets its FMCG products under brands, namely Aashirvaad, Sunfeast, Yippee!, Bingo, B Natural, ITC Master Chef, Fabelle, and Sunbean, among others. The company’s gross sales value is nearly US$ 10.8 Billion, with around 34,000 employees and over 200 manufacturing units.
The Unilever Group
Headquarter: Surrey, UK
Unilever primarily engaged with food and refreshment, home care, beauty, and personal care segments. The company’s food and refreshment segment markets its products under brands, namely Heartbrand, Hellmann’s, Breyers, Knorr, Lipton, and Magnum. In 2018, the company’s annual turnover was around US$ 56.9 Billion, with a global presence across 190 countries worldwide.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global instant noodles industry, which has enabled clients to set up and expand their businesses successfully.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/prefeasibility-report-on-an-instant-noodle-processing-plant/requestsample