The global instant noodles market reached a value of US$ 47.08 Billion in 2020. Looking forward, the market is expected to grow at a CAGR of 5% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
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:
IMARC Group provides an analysis of the key trends in each sub-segment of the global instant noodles market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product type and distribution channel.
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.
The global instant noodles market reached a value of US$ 47.08 Billion in 2020.
According to the estimates by IMARC Group, the global instant noodles market is expected to grow at a CAGR of 5% during 2021-2026.
Rapid urbanization, busy lifestyles and changing dietary patterns are increasing the demand for ready-to-eat (RTE) food products, such as instant noodles, as they require minimal cooking skills and time.
The key players are providing a wide range of both vegetarian and non-vegetarian product variants with unique flavors, textures and seasonings to cater to a diversified consumer base with distinct flavor inclinations.
The coronavirus disease (COVID-19) outbreak, consequent lockdowns implemented by governments of several countries and temporary closure of restaurants and other food outlets have led to a rise in the demand for instant noodles. However, market players are unable to meet the escalating demand due to the labor shortage and disrupted supply chains.
On the basis of the type, the market has been bifurcated into fried and non-fried instant noodles.
Based on the distribution channel, the market has been classified into supermarkets/hypermarkets, specialty stores, convenience stores, online stores and others.
On the geographical front, the market has been segmented into the United States, the Republic of Korea, China, Indonesia, Japan, India, Vietnam, Thailand, Saudi Arabia and others.
Leading industry players are Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd., Hebei Hualong Food Group, Indofood Group, Nissin Food Products Co., Ltd., Nestlé S.A. and Acecook Vietnam Joint Stock Company.
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