One major factor driving the global instant noodles market is the increasing use of handy food products. This trend is derived from customers changing lifestyles around the globe, which are marked by a need for quick, hassle-free meal options, on-the-go consumption, and time-saving solutions. Convenience has been a top factor while choosing food in today's fast-paced world where people frequently have busy schedules to manage. Instant noodles well meet this desire for simple, quick meals. They provide a practical option for professionals, students, and others with hectic schedules looking for a quick but filling meal.
Moreover, increasing demand for convenient and ready-to-eat food products, driven by hectic lifestyles and a globalized appreciation for diverse flavors, positions the global instant noodles market the evolving food industry. As consumers prioritize convenience without compromising on taste and variety, instant noodles continue to meet these expectations, contributing to the sustained growth of the market worldwide.
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Data Bridge Market Research analyzes that the Global Instant Noodles Market is expected to grow with a CAGR of 5.4% from 2024 to 2031 and is expected to reach USD 84,071,326.35 thousand by 2031.
Key Findings of the Study
Substantial Increase in Consumption Patterns of Instant Noodles is Expected to drive the Market Growth
One of the key factors is the low cost of instant noodles, which makes them a cost-effective and budget-friendly option for people all around the world. This pricing feature is especially important in regions where economic factors substantially impact purchase decisions, allowing a diverse populace to obtain and incorporate instant noodles into their normal diet. Another important factor driving instant noodles use is the simplicity with which they may be stored. These products are often packaged in convenient, compact packaging that requires little storage space. This feature makes instant noodles appealing to consumers with limited storage space or those looking for non-perishable food items for emergency preparedness.
Improved convenience is a major factor behind the surge in instant noodles consumption. The short preparation technique, which often involves boiling or soaking the noodles in hot water, corresponds to many consumers fast-paced lifestyles. In today's world, where time is frequently a valuable commodity, the quick and easy nature of instant noodle preparation meets the needs of busy individuals, students, and working professionals. The increase in instant noodles consumption is propelled by various benefits of affordability, ease of storage, extended shelf life, and enhanced convenience. As these factors continue to resonate with diverse consumer segments, the global instant noodles market is likely to sustain its growth trajectory on a global scale.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Thousand and Volume in Metric Ton
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Segments Covered
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Noodles Type (Fried Noodles and Non-fried Noodles), Type (Meat, Vegetable, and Seafood), Type of Seasonings (Spices, Soy Sauce, Vinegar, Cheese, Bean Paste, Citrus, and Others), Raw Material (Cereals & Grains, Legumes & Pulses, and Others), Category (Conventional and Organic), Packaging (Cups, Bowls & Tubs, Pouches and Packets, Boxes, and Others), Packaging Size (Single Pack Size, Dual Pack Size, and Multi Pack Size), Gluten Content (With Gluten and Gluten Free), Brand (Branded and Private Label), Price (Low Priced Mid Priced, High Priced, and Premium), Distribution Channel (Store Based Retailing and Non-Store Retailing)
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CountriesCovered
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U.S., Canada, Mexico, China, Indonesia, Vietnam, India, Japan, South Korea, Thailand, Philippines, Taiwan, Australia and New Zealand, Singapore, rest of Asia-Pacific, Germany, France, U.K., Italy, Spain, Belgium, Netherlands, Switzerland, Russia, Turkey, rest of Europe, Nigeria, Saudi Arabia, United Arab Emirates, Egypt, Kuwait, South Africa, Qatar, Oman, Sudan, rest of Middle East and Africa, Brazil, Argentina, and the rest of South America
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Market Players Covered
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Kellanova (U.S.), Nestle (Switzerland), NISSIN FOODS HOLDINGS CO., LTD (Japan), PT INDOFOOD SUKSES MAKMUR Tbk (Indonesia), ITC Limited (India), Unilever (U.K.), Ajinomoto Co., Inc. (Japan), CAMPBELL SOUP COMPANY (U.S.), PURITY (Africa), Yue Hwa Singapore (Singapore), and CG Corp Global (Nepal) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis
The global instant noodles market is segmented into ten notable segments based on noodles type, type, type of seasonings, raw material, category, packaging, packaging size, gluten content, brand, price, and distribution channel.
- On the basis of noodles type, the market is segmented into fried noodles and non-fried noodles
In 2024, the fried noodles segment is expected to dominate the global instant noodles market
In 2024, the fried noodles segment is expected to dominate the market with a 62.69% market share due to their crispy texture, versatile flavor profiles, and increasing consumer preferences for indulgent, savory options, reflecting a global culinary trend.
- On the basis of type, the market is segmented into meat, vegetable, and seafood
In 2024, the meat segment is expected to dominate the global instant noodles market
In 2024, the meat segment is expected to dominate the market with a 41.56% market share due to increasing consumer demand for protein-rich and flavorful options, aligning with preferences for substantial and satisfying meal.
- On the basis of type of seasonings, the market is segmented into spices, Soy Sauce, vinegar, Cheese, bean paste, citrus, and others. In 2024, the spices segment is expected to dominate the market with a 31.85% market share
- On the basis of raw material, the market is segmented into cereals & grains, legumes & pulses, and others. In 2024, the cereals & grains segment is expected to dominate the market with a 52.02% market share
- On the basis of category, the market is segmented into conventional and organic. In 2024, conventional segment is expected to dominate the market with a 62.32% market share
- On the basis of packaging, the market is segmented into cups, bowls & tubs, pouches and packets, boxes, and others. In 2024, cups, bowls & tubs segment is expected to dominate the market with a 41.86% market share
- On the basis of packaging size, the global instant noodles market is segmented into single pack size, dual pack size, and multi pack size. In 2024, single pack size segment is expected to dominate the market with a 61.60% market share
- On the basis of gluten content, the market is segmented into with gluten and gluten free. In 2024, with gluten segment is expected to dominate the market with a 71.55% market share
- On the basis of brand, the market is segmented into branded and private label. In 2024, branded segment is expected to dominate the market with a 77.42% market share
- On the basis of price, the market is segmented into low priced, mid-priced, high priced, and premium. In 2024, low priced segment is expected to dominate the market with a 41.76% market share
- On the basis of distribution channel, the global instant noodles market is segmented into store-based retailing and non-store retailing. In 2024, the store-based retailing segment is expected to dominate the market with a 31.78% market share
Major Players
Data Bridge Market Research analyzes Nestle (Switzerland), PT INDOFOOD SUKSES MAKMUR Tbk (Indonesia), NISSIN FOODS HOLDINGS CO., LTD (Japan), Unilever (U.K.), Kellanova (U.S.) as the major companies in global instant noodles market.
Market Developments
- In September 2023, a new plant in Greenville, South Carolina, aiming to meet the increasing demand for premium instant noodles in the U.S. market. The construction starts in December 2023, scheduled for completion in August 2025, aligning with the company's strategy to enhance production efficiency and expand premium product offerings. This move supports the Nissin Foods Group's goal of achieving growth, with a focus on overseas business in its Mid to Long-term Business Plan
- In June 2023, NISSIN FOODS DO BRASIL LTDA., a subsidiary of NISSIN FOODS HOLDINGS CO., LTD., is constructing a new plant in Ponta Grossa, Brazil, to meet the rising demand for instant noodles
Regional Analysis
Geographically, the regions covered in the global instant noodles market report are U.S., Canada, Mexico, China, Indonesia, Vietnam, India, Japan, South Korea, Thailand, Philippines, Taiwan, Australia and New Zealand, Singapore, rest of Asia-Pacific, Germany, France, U.K., Italy, Spain, Belgium, Netherlands, Switzerland, Russia, Turkey, rest of Europe, Nigeria, Saudi Arabia, United Arab Emirates, Egypt, Kuwait, South Africa, Qatar, Oman, Sudan, rest of Middle East and Africa, Brazil, Argentina, and the rest of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate and be the fastest growing region in the global instant noodles market
In 2024, Asia-Pacific is expected to dominate and be the fastest growing region in the global instant noodles market due to cultural preferences, rapid urbanization, and the convenience of these affordable and easily accessible quick meals.
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