Market Forecast By Regions (Asia Pacific, Latin America, North America, Middle East, Africa, And Europe), By Type (Fried, Non-Fried), By Packaging (Cups, Packets), By Sales Channel (Supermarket/Hypermarket, Convenience Stores, Online Stores, Others) And Competitive Landscape
Product Code: ETC060858 | Publication Date: Jun 2022 | Updated Date: Apr 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
The Global Instant Noodles Market is achieving growth constantly since the demand for instant noodles is rapidly growing. Some of the developments in the sector are the expansion of the noodles market in developing nations, innovation in packaging and flavours, and healthier instant noodles. The instant noodles market is growing in developing nations like India, Brazil, and Indonesia and this growth of the market is driven by factors such as rising disposable incomes, changing lifestyles, and urbanization. Manufacturers in the market focus on developing new flavours which help them cater to the changing preferences of consumers. Manufacturers also focus on enhancing the packaging of noodles in order to make them more appealing and convenient. The manufacturers in the market are also focusing on delivering instant noodles which are good for health and this helps in stimulating the Global Instant Noodles Market Share.
Global instant noodles market report thoroughly covers the market by type, packaging, Sales channel, and regions including North America, Europe, Asia Pacific, Latin America Middle East, and Africa. The global instant noodles Market outlook report provides an unbiased and detailed analysis of the ongoing global 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.
The global instant noodles market has witnessed robust growth over the past few years on account of rapid urbanization along with increasing disposable income. The Instant noodles are made up of fine wheat flour coupled with a mixture of alkaline salts. Several additional ingredients are also added to the dough in smaller quantities like edible oil, starch, gluten, and stabilizers such as guar gum. Instant noodles have attained popularity all over the world as they are quick to make, portable, and easy to store. Instant Noodles are ready-to-cook noodles available in different variety of flavours and with various stomach fillings and healthy ingredients, such as dehydrated vegetables, wheat flour, meat, pork, beef, and seafood. They are either available in cups/bowls or packets. Moreover, the manufacturers keep formulating new flavours, colours, textures, and seasonings/tastemakers, according to regional tastes and preferences, to expand their consumer base.
According to 6Wresearch, the Global Instant Noodles Market size is anticipated to register growth during 2021-2027. The market is supported by various growth drivers such as the increasing working population, ascending middle-class population, high demand for convenience food, and use of instant noodles in the case of emergencies like natural disasters. The market is also confronted by some challenges such as food safety concerns taking a toll on consumer acceptance and vulnerability to supply chain disruption. Fortification of instant noodles, a rise in demand for clean label products, the launch of variants as per the taste of various regions, the escalation of social media platforms and opportunities for instant noodle companies to strengthen sales channels are some of the major drivers of the market. Rising penetration towards instant food due to the busy schedule is also accelerating the Instant Noodles Market Share. The rising number of working populations especially women are also shifting towards instant noodles as they are easy to prepare. The outbreak of the coronavirus pandemic and the consequent 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 players operating the market are Nestlé S.A, Unilever N.V., Capital Foods Pvt. Limited, PT Indofood Sukses Makmur Tbk, Baixiang Food Group, Ajinomoto Co. Inc., Campbell Soup Company, ITC Limited, China National Cereals, Oils and Foodstuffs Corporation (COFCO) and Nissin Food Products Co. Ltd.
Based on regions, Asia Pacific holds a major share in the instant noodles market revenue all over the world due to surging demand for ready-to-eat food products, especially in countries like China, Japan, South Korea, and India. Further, China is leading the instant noodles market as noodles have always been an important part of Chinese cuisine. Also, the market in Europe is expected to account for the second-highest share of the market in terms of revenue over the forecast period followed by North America. In terms of packaging, the packets segment has witnessed major growth in the market.
The demand for instant noodles across the world grew even during the pandemic but the sector also confronted a number of challenges associated with distribution and supply chain. The demand for noodles increased as people were stocking up on non-perishable foods when the pandemic hit and this led to a surge in sales of instant noodles. Disruption in the supply chain affected the market negatively. As many people during the pandemic preferred to eat at home rather than go out, this led to a rise in the consumption of instant noodles during the pandemic as an easy-to-prepare and convenient meal option. The COVID-19 pandemic posed challenges in distribution which led to delays in the distribution and delivery of products and this affected the Global Instant Noodles Market growth negatively.
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 Global Instant Noodles Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Instant Noodles Market Revenues & Volume, 2020 & 2027F |
3.3 Global Instant Noodles Market - Industry Life Cycle |
3.4 Global Instant Noodles Market - Porter's Five Forces |
3.5 Global Instant Noodles Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Global Instant Noodles Market Revenues & Volume Share, By Type, 2020 & 2027F |
3.7 Global Instant Noodles Market Revenues & Volume Share, By Packaging, 2020 & 2027F |
3.8 Global Instant Noodles Market Revenues & Volume Share, By Sales Channel, 2020 & 2027F |
4 Global Instant Noodles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Instant Noodles Market Trends |
6 Global Instant Noodles Market, 2017 - 2027 |
6.1 Global Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
6.2 Global Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
6.3 Global Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
7 North America Instant Noodles Market, 2017 - 2027 |
7.1 North America Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
7.2 North America Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
7.3 North America Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
8 Europe Instant Noodles Market, 2017 - 2027 |
8.1 Europe Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
8.2 Europe Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
8.3 Europe Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
9 Middle East Instant Noodles Market, 2017 - 2027 |
9.1 Middle East Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
9.2 Middle East Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
9.3 Middle East Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
10 Africa Instant Noodles Market, 2017 - 2027 |
10.1 Africa Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
10.2 Africa Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
10.3 Africa Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
11 Asia Pacific Instant Noodles Market, 2017 - 2027 |
11.1 Asia Pacific Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
11.2 Asia Pacific Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
11.3 Asia Pacific Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
12 Latin America Instant Noodles Market, 2017 - 2027 |
12.1 Latin America Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
12.2 Latin America Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
12.3 Latin America Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
13 Global Instant Noodles Market, 2017 - 2027 |
13.1 Global Instant Noodles Market, Revenues & Volume, By Type, 2017 - 2027 |
13.2 Global Instant Noodles Market, Revenues & Volume, By Packaging, 2017 - 2027 |
13.3 Global Instant Noodles Market, Revenues & Volume, By Sales Channel, 2017 - 2027 |
14 Global Instant Noodles Market Key Performance Indicators |
15 Global Instant Noodles Market - Opportunity Assessment |
15.1 Global Instant Noodles Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Global Instant Noodles Market Opportunity Assessment, By Type, 2020 & 2027F |
15.3 Global Instant Noodles Market Opportunity Assessment, By Packaging, 2020 & 2027F |
15.4 Global Instant Noodles Market Opportunity Assessment, By Sales Channel, 2020 & 2027F |
16 Global Instant Noodles Market - Competitive Landscape |
16.1 Global Instant Noodles Market Revenue Share, By Companies, 2020 |
16.2 Global Instant Noodles Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |