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Instant Noodle Market Overview
Instant Noodle market size is forecast to reach $68.3 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. Instant noodles are manufactured from fine wheat flour or panicum miliaceum, millet flour and a combination of alkaline salts. In lesser amounts, additional components such as starch, edible oil, gluten, and stabilizers such as guar gum are also added to the dough. Instant noodles are precooked dry noodles that have been dehydrated using one of two methods: flash or air frying. They are usually accompanied with a little sachet of the tastemaker. Because they are portable, quick to prepare, and simple to store, instant noodles have grown in popularity across the world as starch gelatinization helps to reduce cooking time of the noodles. Instant noodles are pre-cooked noodles that come in a range of flavors and contain a range of stomach-filling and healthful components such as dried veggies, wheat flour, meat, pig, beef, and seafood. Increasing demand for convenience food products coupled with changing preference of consumers towards ready to eat food products are the major factors driving the growth of the market. Increasing disposable income coupled with changing lifestyle of the people is set to further enhance the overall market development of the Instant Noodle Market for the period 2021-2026.
Report Coverage
The report: “Instant Noodle Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Instant Noodle Market.
By Product Type: Cup/Bowl, Packet
By Distribution Channel: Supermarkets/Hypermarkets, Grocery Stores, Online Retailers, Others
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa).
Key Takeaways
- Asia-Pacific dominated the Instant Noodle Market in 2020 owing to increased disposable income of the people and expanding demand for convenience food products. The Instant Noodle Market scope for different regions will be provided in the final report.
- Increasing consumption of instant food products are likely to aid the market growth of the Instant Noodle Market report.
- Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Instant Noodle Market report.
- Negative health effect of instant noodle is poised to create the hurdles for the Instant Noodle Market Industry.
Instant Noodle Market Revenue Share, By Geography, 2020(%)
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Instant Noodle Market Segment Analysis – By Product Type
Cup/Bowl held the largest share in the Instant Noodle Market in 2020 and is estimated to grow at a CAGR 6.8% during the forecast period 2021-2026. Cup/Bowl noodles are instant noodle which are packaged in foam, plastic, or paper cups and are prepared by adding boiling water. Typically, the flavoring comes in a separate package and these noodles are made from panicum miliaceum by starch gelatinization. It is easy to prepare and handle. It is also gaining popularity because of its simple packaging, ease of preparation, and superior taste when compared to packet noodles. Cup/Bowl are estimated to register the higher CAGR over the period 2021-2026.
Instant Noodle Market Segment Analysis – By Distribution Channel
Supermarkets/Hypermarkets held the largest share in the Instant Noodle Market in 2020 and is estimated to grow at a CAGR 7.0% during the forecast period 2021-2026. Supermarkets/Hypermarkets are easily accessible and offer a wide range of products. This channel is used by big firms such as Maggi, Yipee, Knorr, and others to market their products. In order to attract more customers, players develop new kinds in the market in response to changing consumer trends; supermarkets guarantee that all of these goods are available. Supermarkets/Hypermarkets are estimated to register the higher CAGR over the period 2021-2026.
Instant Noodle Market Segment Analysis – By Geography
Asia-Pacific dominated the Instant Noodle market with a major share of 41.3% in 2020. This is attributed to growing disposable income of the people and increasing consumption of instant noodles in this region. Furthermore, with increasing urbanization and a hectic lifestyle, people choose ready-to-eat instant food items, which are increasing the market in this region. However, North America is estimated to grow at a higher CAGR during the forecast period 2021-2026 The rising availability of ethnic tastes with nutritious properties in noodles, as well as the presence of significant producers in this region, contribute to the region's growth. Increasing demand for packaged and processed food product is also increasing the growth of the market in this region.
Instant Noodle Market Drivers
Increasing Demand for Convenient Food Product
The growing desire for easy, ready-to-eat food products is increasing the Instant Noodle Market. Convenient food items are quite popular among customers because of the benefits they provide such as lengthy shelf life, fast appetizers, and wider availability across the globe. Furthermore, changing consumer dietary habits and preferences, as well as increased customer awareness of flavor and brand. As a result, the growth of the Instant Noodle Market is expected to accelerate between 2021 and 2026.
Rising Consumption of Instant Noodles
Increasing consumption of instant noodles across the globe is increasing the growth of the Instant Noodle Market. According to the World Instant Noodles Association (WIND), In 2019, China's demand for instant noodles is 41,450 million servings, accounting for more than 38% of global consumption. As a result, the growth of the Instant Noodle Market is expected to accelerate between 2021 and 2026.
Instant Noodle Market Challenges
Negative Health of Instant Noodle
Some of the factors that are set to impede the growth of the Instant Noodle Market are negative health effect of instant noodles as over consumption of instant noodles causes’ obesity. The presence of monosodium glutamate in instant noodles has toxic effect on body also set to hinder the growth of the market.
Instant Noodle Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Instant Noodle Market. In 2020, the Instant Noodle Market share is consolidated by the top ten players present in the market. The Instant Noodle Market, top 10 companies are Nissin Food Products Co. Ltd., Nongshim Co., Ltd., Nestle, Ajinomoto Co. Inc., ITC, Hindustan Unilever, Capital Food India, Inbisco India, Baixiang Food Co. Ltd and Master Kong.
Relevant Titles:
Report Code: FBR 21012
Report Code: FBR 57153
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1. Instant Noodle Market - Overview
1.1 Definitions and Scope
2. Instant Noodle Market - Executive Summary
2.1 Market Revenue and Key Trends
2.2 Key trends by Product Type
2.3 Key trends by Distribution Channel
2.4 Key trends by Geography
3. Instant Noodle Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Instant Noodle Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Instant Noodle Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Instant Noodle Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Instant Noodle Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Instant Noodle Market - By Product Type(Market Size –$Million/$Billion)
8.1 Cup/Bowl
8.2 Packet
9. Instant Noodle Market - By Distribution Channel (Market Size –$Million/$Billion)
9.1 Supermarkets/Hypermarkets
9.2 Grocery Stores
9.3 Online Retailers
9.4 Others
10. Instant Noodle Market - By Geography(Market Size –$Million/$Billion
10.1 North America
10.1.1 U.S.
10.1.2 Mexico
10.1.3 Canada
10.2 Europe
10.2.1 U.K.
10.2.2 France
10.2.3 Germany
10.2.4 Italy
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Asia Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 South Korea
10.3.5 Australia & New Zealand
10.3.6 Rest of APAC
10.4 South America
10.4.1 Brazil
10.4.2 Argentina
10.4.3 Others
10.5 Rest of the World
10.5.1 Middle East
10.5.2 Africa
11. Instant Noodle Market - Entropy
12. Instant Noodle Market – Industry/Segment Competition Landscape Premium
12.1 Market Share Analysis
12.1.1 Global Market Share – Key Companies
12.1.2 Market Share by Region – Key companies
12.1.3 Market Share by Countries – Key Companies
12.1.4 Competition Matrix
12.1.5 Best Practices for Companies
13. Instant Noodle Market – Key Company List by Country Premium Premium
14. Instant Noodle Market Company Analysis
14.1 Company 1
14.2 Company 2
14.3 Company 3
14.4 Company 4
14.5 Company 5
14.6 Company 6
14.7 Company 7
14.8 Company 8
14.9 Company 9
14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 By Product Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Cup/Bowl Market 2019-2024 ($M)
1.1.2 Packet Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
1.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
1.2.3 Online Retailing Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Product Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Cup/Bowl Market 2019-2024 (Volume/Units)
3.1.2 Packet Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarkets/Hypermarkets Market 2019-2024 (Volume/Units)
3.2.2 Traditional Grocery Stores Market 2019-2024 (Volume/Units)
3.2.3 Online Retailing Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Cup/Bowl Market 2019-2024 ($M)
5.1.2 Packet Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
5.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
5.2.3 Online Retailing Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Cup/Bowl Market 2019-2024 ($M)
7.1.2 Packet Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
7.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
7.2.3 Online Retailing Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Cup/Bowl Market 2019-2024 ($M)
9.1.2 Packet Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
9.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
9.2.3 Online Retailing Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Cup/Bowl Market 2019-2024 ($M)
11.1.2 Packet Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
11.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
11.2.3 Online Retailing Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Product Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Cup/Bowl Market 2019-2024 ($M)
13.1.2 Packet Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
13.2.2 Traditional Grocery Stores Market 2019-2024 ($M)
13.2.3 Online Retailing Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Instant Noodle Market Revenue, 2019-2024 ($M)2.Canada Instant Noodle Market Revenue, 2019-2024 ($M)
3.Mexico Instant Noodle Market Revenue, 2019-2024 ($M)
4.Brazil Instant Noodle Market Revenue, 2019-2024 ($M)
5.Argentina Instant Noodle Market Revenue, 2019-2024 ($M)
6.Peru Instant Noodle Market Revenue, 2019-2024 ($M)
7.Colombia Instant Noodle Market Revenue, 2019-2024 ($M)
8.Chile Instant Noodle Market Revenue, 2019-2024 ($M)
9.Rest of South America Instant Noodle Market Revenue, 2019-2024 ($M)
10.UK Instant Noodle Market Revenue, 2019-2024 ($M)
11.Germany Instant Noodle Market Revenue, 2019-2024 ($M)
12.France Instant Noodle Market Revenue, 2019-2024 ($M)
13.Italy Instant Noodle Market Revenue, 2019-2024 ($M)
14.Spain Instant Noodle Market Revenue, 2019-2024 ($M)
15.Rest of Europe Instant Noodle Market Revenue, 2019-2024 ($M)
16.China Instant Noodle Market Revenue, 2019-2024 ($M)
17.India Instant Noodle Market Revenue, 2019-2024 ($M)
18.Japan Instant Noodle Market Revenue, 2019-2024 ($M)
19.South Korea Instant Noodle Market Revenue, 2019-2024 ($M)
20.South Africa Instant Noodle Market Revenue, 2019-2024 ($M)
21.North America Instant Noodle By Application
22.South America Instant Noodle By Application
23.Europe Instant Noodle By Application
24.APAC Instant Noodle By Application
25.MENA Instant Noodle By Application