What is the global market size of Instant Noodles Market?

Global Instant Noodles Market size was valued at USD 51.65 billion in 2021 and is poised to grow from USD 54.6 billion in 2022 to USD 81.84 billion by 2030, growing at a CAGR of 5.95% in the forecast period (2023-2030).

Global Instant Noodles Market Size, Share, Growth Analysis, By Type(Chicken, vegetables), By Raw Material(Oats, rice) - Industry Forecast 2024-2031

Report ID: SQMIG30I2185 | Region: Global | Published Date: February, 2024
Pages: 232 | Tables: 63 | Figures: 65

Global Instant Noodles Market News

In July 2022, the Rice noodle brand Foodle Noodle launched its first clean-label quick cup noodles product with completely organic ingredients in Thailand.

In May 2022, The Naked brand of instant noodles from Symington released a vegetarian and vegan pot trio with Asian flavors.

In August 2021, Momofuku launched its own brand of "cleaner" instant noodles. The decision was made after the well-known Japanese restaurant chain changed its business strategy in the wake of the outbreak.

In December 2021, Nestlé scientists established and approved a unique nutritional concept for carbohydrate quality in collaboration with internationally renowned experts from prestigious institutions including Tufts University in Boston, Nutrition Research Australia, and the National University of Singapore. According to the business GRAINSMART balancing, the idea consists of a predetermined proportion of carbohydrates, fibers, and sugars with the intention of lowering the amount of free sugars while raising the amount of fiber. This in turn promotes the transition to healthier goods and more wholesome meals.

In December 2021, Nestlé Lanka opened its flagship kiosk, known as "Café Goodness," on the island of Sri Lanka with the assistance of Nestlé Professional, the company's provider of out-of-home food and beverage solutions. Cafe Goodness, conveniently situated on the grounds of the Bloomfield Cricket and Athletic Club, is a one-stop shop for customers looking for quick and enticing food and beverage substitutes made from Nestlé goods. Nestlé has established itself as a necessary component of Sri Lankans' daily lives during the past 115 years.

Global Instant Noodles Market Report Snapshots

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Instant Noodles Market size was valued at USD 51.65 billion in 2019 and is poised to grow from USD 54.6 billion in 2023 to USD 81.84 billion by 2031, growing at a CAGR of 5.95% in the forecast period (2024-2031).

The global instant noodles market is a fast-paced, highly competitive environment. Additionally, there are a wide variety of private label brands available in various countries. The market is characterized by intense competition between major players, who are constantly innovating and developing new products to attract customers. Additionally, price competition is a key factor, as consumers are increasingly looking for value-for-money products. In order to stay ahead of competitors and capture a larger share of the market, companies must focus on product differentiation. They must also engage in aggressive marketing campaigns and invest in research and development to develop products that meet consumers’ needs. Additionally, companies must pay attention to trends in the market and respond quickly to changing consumer tastes. In conclusion, the global instant noodles market is a highly competitive environment. Companies must focus on product differentiation, aggressive marketing campaigns, and innovative research and development to remain competitive and capture a larger share of the market. 'Nissin Foods Holdings Co., Ltd.', 'Unilever Group', 'Nestle S.A.', 'ITC Limited', 'Samyang Foods Co., Ltd.', 'Indofood CBP Sukses Makmur Tbk PT', 'Ajinomoto Co. Inc.', 'Acecook Vietnam Joint Stock Company', 'Ottogi Co., Ltd.', 'Tat Hui Foods'

The demand for ready-to-eat food products that are easy to prepare and consume is increasing as a result of people's busy work schedules. As a result, people now favor convenience meals greatly since they provide a number of advantages, including quick appetizers, a long shelf life, and widespread availability in the global market. Instant noodles are one of the most well-liked snacks, and their enormous global appeal will help the global market during the forecast period.

Growing demand for healthy and organic instant noodles: Consumers are increasingly looking for healthier food options, including instant noodles. As a result, manufacturers are introducing organic and healthier instant noodle options to cater to this growing demand.

Asia-Pacific is the largest and fastest-growing region. The market for instant noodles in Asia Pacific is a result of the region's rising appetite for RTE foods. The region's market is growing as a result of a large consumer base and their rising disposable incomes, which enable them to spend on a variety of food items on the market. Asia-Pacific consumers are more likely to spend more money on fast food in order to avoid spending a lot of time on traditional cooking. Instant noodles are one of the most cost-effective and practical meals. Its demand is increasing swiftly in the region's heavily populated countries including China, Indonesia, and India. Instant noodle consumption has significantly expanded as a result of investments and innovations made by China's major players. One of the main elements that is anticipated to increase the product's consumption in the market is the growing working population, which includes more women working, as well as the expanding working population and active young groups. In the near future, this is projected to drive the market.

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Global Instant Noodles Market Size, Share, Growth Analysis, By Type(Chicken, vegetables), By Raw Material(Oats, rice) - Industry Forecast 2024-2031

Global Instant Noodles Market News

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