Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Singapore, Rest of Asia), By Type (Fried, Non-Fried), By Packaging (Cups, Packets), By Sales Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others) And Competitive Landscape
Product Code: ETC057397 | Publication Date: Sep 2022 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Instant Noodles Market is expected to experience sluggish growth owing to the increasing inflation and rising prices of noodles. Rising prices of ramen in South Korea and Thailand are impacting the growth of the industry. Even the ramen companies have urged the government to raise the prices by double, However, the government has denied it as it would hit low-income earners.
The growth of the market is driven by several factors such as surging disposable income, the preference among youngsters, and the availability of healthy noodles. Surging purchasing power and higher brand consciousness is adding to the APAC Instant Noodles Market.
Asia Pacific instant noodles market report thoroughly covers the market by type, packaging, Sales channel, and regions including China, India, Japan, Australia, Thailand, and the rest of Asia Pacific. Asia Pacific instant noodles Market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific instant noodles market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific Instant Noodles Market is estimated to secure tremendous growth prospects in the forthcoming years on the back of the rising consumption of noodles as a staple food, especially in China. On the other side, India in the entire Asia Pacific region is also estimated to be a leading country generating high sales revenue in the market owing to the rising popularity of the product in rural areas as well hence the demand for instant noodles is estimated to increase which is estimated to boost a massive growth of the India instant noodles market, as a result, it is further estimated to contribute the growth for the entire Asia Pacific region in the forthcoming years
Asia Pacific Instant Noodles Market has witnessed significant growth over the past few years. Growing youth segment and increasing working population, rising incomes and rising purchasing power, higher brand consciousness, changing consumer preference, growing urbanization, and an increase in the number of the middle-class population are the biggest drivers in the growth of the Instant Noodles market of Asia-Pacific. Also, lack of time, fast-paced life, and changing food preferences are helping the Instant Noodles market to grow in Asia-Pacific.
According to 6Wresearch, the Asia Pacific (APAC) Instant Noodles Market size is anticipated to register growth during 2021-2027. The instant Noodles market in Asia-Pacific unlike other emerging economies is still very nascent and is largely controlled by a few Cooperatives and Independent Instant Noodles companies. Street markets play an important role in the Instant Noodles industry of Asia-Pacific as most of the population does their shopping here. Apart from Maggi, major brands which successfully gained a market share are Top Ramen, Yippee, Ching’s Secret, Knorr, Wai-Wai, MyKuali Penang, MyOri Malaysia, CarJEN, Mamee, MAMA, and others. There are thousands of brands available in Asia-Pacific and the market is still open for any new entry with the smart product. Recently Patanjali Group has launched Noodles in India with the name “Patanjali Atta Noodles” and they are promoting them as healthy noodles made from wheat flour. Patanjali is growing towards the biggest FMCG company in India in the FMCG sector as of now. Furthermore, the recent Ban on Maggi; a Nestle India product has created a negative buzz in the market. All the countries including India have found the lead that is within acceptable limits and now Maggi is looking to revive its market in the country.
Based on the type, the fried segment is expected to lead the instant noodles market revenue share in the Asia Pacific as they help in averting bacterial growth as well as help secure the flavor.
In terms of sales channels, the supermarket/hypermarket segment is holding a major share in the instant noodles market in the Asia Pacific as they provide access to several brands. Based on countries, India and China are expected to lead the instant noodles market in the region.
The outbreak of the COVID-19 pandemic and the lockdown implemented by various governments in different regions along with the temporary shutdown of restaurants and other food outlets have propelled the demand for instant noodles. However, market players are incapable to meet the mounting demand due to the disruption in the supply chain as well as a labor shortage. The limited accessibility of raw materials coupled with the low production capacities of the manufacturer is likely to generate a sizeable demand and supply causing the products to increase retail costs in the future.
Some of the major companies operating in the Asia Pacific Instant Noodles Market are:
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Instant Noodles Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Instant Noodles Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Instant Noodles Market - Industry Life Cycle |
3.4 Asia Pacific Instant Noodles Market - Porter's Five Forces |
3.5 Asia Pacific Instant Noodles Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Instant Noodles Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Asia Pacific Instant Noodles Market Revenues & Volume Share, By Packaging, 2020 & 2027F |
3.8 Asia Pacific Instant Noodles Market Revenues & Volume Share, By Sales Channel, 2020 & 2027F |
4 Asia Pacific Instant Noodles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Instant Noodles Market Trends |
6 Asia Pacific Instant Noodles Market, 2017 - 2027 |
6.1 Asia Pacific Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Asia Pacific Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
6.3 Asia Pacific Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
7 China Instant Noodles Market, 2017 - 2027 |
7.1 China Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 China Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
7.3 China Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
8 India Instant Noodles Market, 2017 - 2027 |
8.1 India Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 India Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
8.3 India Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
9 Japan Instant Noodles Market, 2017 - 2027 |
9.1 Japan Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Japan Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
9.3 Japan Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
10 Australia Instant Noodles Market, 2017 - 2027 |
10.1 Australia Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Australia Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
10.3 Australia Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
11 Indonesia Instant Noodles Market, 2017 - 2027 |
11.1 Indonesia Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
11.2 Indonesia Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
11.3 Indonesia Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
12 Philippines Instant Noodles Market, 2017 - 2027 |
12.1 Philippines Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
12.2 Philippines Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
12.3 Philippines Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
13 Thailand Instant Noodles Market, 2017 - 2027 |
13.1 Thailand Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
13.2 Thailand Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
13.3 Thailand Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
14 Malaysia Instant Noodles Market, 2017 - 2027 |
14.1 Malaysia Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
14.2 Malaysia Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
14.3 Malaysia Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
15 Singapore Instant Noodles Market, 2017 - 2027 |
16 Rest of Asia Instant Noodles Market, 2017 - 2027 |
16.1 Rest of Asia Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
16.2 Rest of Asia Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
16.3 Rest of Asia Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
17 Asia Pacific Instant Noodles Market Key Performance Indicators |
18 Asia Pacific Instant Noodles Market - Opportunity Assessment |
18.1 Asia Pacific Instant Noodles Market Opportunity Assessment, By Countries, 2020 & 2027F |
18.2 Asia Pacific Instant Noodles Market Opportunity Assessment, By Type, 2020 & 2027F |
18.3 Asia Pacific Instant Noodles Market Opportunity Assessment, By Packaging, 2020 & 2027F |
18.4 Asia Pacific Instant Noodles Market Opportunity Assessment, By Sales Channel, 2020 & 2027F |
19 Asia Pacific Instant Noodles Market - Competitive Landscape |
19.1 Asia Pacific Instant Noodles Market Revenue Share, By Companies, 2020 |
19.2 Asia Pacific Instant Noodles Market Competitive Benchmarking, By Operating and Technical Parameters |
20 Company Profiles |
21 Recommendations |
22 Disclaimer |