Product Code: ETC048499 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Instant Noodles market currently, in 2023, has witnessed an HHI of 3016, Which has decreased slightly as compared to the HHI of 4240 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia instant noodles market is expected to witness a healthy CAGR during the forecast period of 2025-2031. This growth can be attributed to increasing disposable incomes, and changing lifestyles and food habits of consumers in Saudi Arabia. Factors such as convenience, easy preparation and low cost associated with these products are also expected to drive the growth of this market over the next few years. In addition, innovative product launches by manufacturers along with aggressive promotional activities have led to increased consumption of instant noodles among various consumer segments in Saudi Arabia.
Growing demand for convenience food products with hectic lifestyles becoming increasingly common among consumers, there has been an increase in demand for convenience foods such as ready-to-eat meals and snacks which require minimal preparation time; this is driving the demand for instant noodles across Saudi Arabia. Compared to other processed food items available in Saudia Arabia, instant noodles offer significant price advantages due their affordability; this factor has contributed significantly towards increasing their popularity especially among middle income households who constitute a major chunk of the population in Saudi Arabia. The growing disposable incomes have enabled consumers from all socio economic backgrounds to try new food products including ready-to-eat meals and snacks; additionally changing lifestyle patterns amongst working professionals have further driven up sales of convenient meal solutions like instant noodles across Saudia Arbia
The rising health awareness amongst individuals globally coupled with availability healthier alternatives such as organic options are limiting the overall sales volume witnessed by processed foods including instant noodle , thereby posing a challenge before players operating within this space. ???????
The impact of the COVID-19 pandemic on Saudi Arabia instant noodles market has been mixed. The demand for instant noodles in the region has declined due to restrictions imposed by the government on dining occasions and social gatherings, resulting in a decrease in consumption. Additionally, higher cost of production and logistics have raised product prices, leading to an increase in consumer price sensitivity. On the other hand, there has been an increase in sale of packaged food items such as frozen meals which include ready-to-eat meals like instant noodles that are easier to prepare during lockdown periods. This is expected to provide some support to the overall growth of the industry over the forecast period (2025-2031).
Various key players operating within Saudi Arabia Instant Noodles Market include Nestle SA., Unilever Plc., Master Kong Corporation Limited., PepsiCo Inc., Acecook Vietnam Joint Stock Company (ACV), ITC Ltd., Paldo Co Ltd., Otsuka Foods Co Ltd., Tingyi Holding Corp (Cayman Islands) Holding Corp and Indofood CBP Sukses Makmur Tbk PT among others.
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 Saudi Arabia Instant Noodles Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Instant Noodles Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Instant Noodles Market - Industry Life Cycle |
3.4 Saudi Arabia Instant Noodles Market - Porter's Five Forces |
3.5 Saudi Arabia Instant Noodles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Instant Noodles Market Revenues & Volume Share, By Packaging, 2021 & 2031F |
3.7 Saudi Arabia Instant Noodles Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Saudi Arabia Instant Noodles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Instant Noodles Market Trends |
6 Saudi Arabia Instant Noodles Market, By Types |
6.1 Saudi Arabia Instant Noodles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Instant Noodles Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Instant Noodles Market Revenues & Volume, By Fried, 2021-2031F |
6.1.4 Saudi Arabia Instant Noodles Market Revenues & Volume, By Non-Fried, 2021-2031F |
6.2 Saudi Arabia Instant Noodles Market, By Packaging |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Instant Noodles Market Revenues & Volume, By Cups, 2021-2031F |
6.2.3 Saudi Arabia Instant Noodles Market Revenues & Volume, By Packets, 2021-2031F |
6.3 Saudi Arabia Instant Noodles Market, By Sales Channel |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Instant Noodles Market Revenues & Volume, By Supermarket/Hypermarket, 2021-2031F |
6.3.3 Saudi Arabia Instant Noodles Market Revenues & Volume, By Convenience Stores, 2021-2031F |
6.3.4 Saudi Arabia Instant Noodles Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.5 Saudi Arabia Instant Noodles Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Instant Noodles Market Import-Export Trade Statistics |
7.1 Saudi Arabia Instant Noodles Market Export to Major Countries |
7.2 Saudi Arabia Instant Noodles Market Imports from Major Countries |
8 Saudi Arabia Instant Noodles Market Key Performance Indicators |
9 Saudi Arabia Instant Noodles Market - Opportunity Assessment |
9.1 Saudi Arabia Instant Noodles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Instant Noodles Market Opportunity Assessment, By Packaging, 2021 & 2031F |
9.3 Saudi Arabia Instant Noodles Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Saudi Arabia Instant Noodles Market - Competitive Landscape |
10.1 Saudi Arabia Instant Noodles Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Instant Noodles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |