The global instant noodles market reached a value of US$ 42.2 Billion in 2018, registering a CAGR of 6.2% during 2011-2018. The market value is further projected to reach around US$ 57.5 Billion by 2024, growing at a CAGR of 5.2% during 2019-2024. Instant noodles are made up of fine wheat flour along with a mixture of alkaline salts. Various additional ingredients are also added to the dough in smaller quantities such as starch, edible oil, gluten and stabilizers like guar gum. Instant noodles are precooked dried noodles which are dehydrated using one of the two processes, namely flash or air frying. They are generally accompanied with a small sachet comprising of the tastemaker. Instant noodles have gained popularity worldwide as they are portable, quick to make and easy to store.
Global Instant Noodles Market Drivers:
Breakup by Product Type:
On the basis of product type, the market has been bifurcated into fried and non-fried instant noodles. 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.
Breakup by Distribution Channel:
On the basis of distribution channels, supermarkets/hypermarkets hold the largest market share, representing the leading segment. They provide easy access different brands, types and flavors of instant noodles. Supermarkets and hypermarkets are followed by convenience stores, online stores, specialty stores and others.
On a geographical front, 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.
The global instant noodles industry is fragmented due to the presence of a large number of players in the key markets such as China and Indonesia. Some of the leading players operating in the market are:
This report provides a deep insight into the global instant noodles market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up an instant noodles manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the instant noodles industry in any manner.
Key Questions Answered in This Report:
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