Instant Noodles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

  • Single User License $3500

Instant Noodles Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Food and Beverages

Report Digest

Instant Noodles Market Introduction

Instant noodles are precooked and dried block of noodles sold in a package with seasoning oil or flavoring powder, usually in separate packets. Growing popularity of instant noodles among young-adult consumers and the millennial population is encouraging instant noodles market players to introduce innovative product varieties in terms of composition, nutritional values, flavors, and packaging. Owing to their fast-paced lifestyle, consumers are preferring to purchase food products that are easy and convenient to cook and are equally nutritious, which is one of the important growth parameters of the instant noodles market.

Instant Noodles Market – Notable Developments

  • Ajinomoto Co., Inc., a Japanese food manufacturer in the instant noodles market, announced in September 2018 that it will form a new company – Ajinomoto Food Manufacturing Co., Ltd., by integrating the manufacturing and packaging business of Ajinomoto Packaging Inc. and Knorr Foods Co., Ltd. – Tokai Plant – and the processed foods and seasonings manufacturing and packaging business of its Kawasaki Administration & Coordination Office. The company also declared that it invested approximately JPY 40 billion for the formation of this new company.
  • Nestlé S.A., an international food manufacturer in the instant noodles market, announced in August 2018 that it has launched ‘Maggi Special Masala Noodles’, its new product in the instant noodles category, on Flipkart, which is a Walmart-owned online platform in India. The company announced that it will be available on the ecommerce platform until it is launched in convenience stores and supermarkets. The company also declared that, with the launch of the new instant noodles product in India, it is focusing on developing innovative products to gain a competitive edge in the instant noodle market by introducing new finely ground and whole spices. 

Some of the most prominent competitors operating in the competitive landscape of global instant noodles market include –

  • Ajinomoto Co. Inc.
  • Nestlé S.A.
  • Indofood Group
  • Campbell Soup Company
  • The Unilever Group
  • Nissin Food Products Co. Ltd.
  • Capital Foods Limited
  • ITC Limited
  • Baixiang Food Group

Instant Noodles Market Dynamics

Convenience and Versatility of Instant Noodles are the Leading Contributors to its Increased Demand

The instant noodle market is witnessing exponential growth as instant noodles have become one of the most popular food items across the world. Being one of the first ready-to-eat foods launched in the global processed food industry, instant noodles products have become prevalent in households of consumers following modern and hectic lifestyle. Widespread acceptance of the product, driven by low cost, convenience, and product variety, instant noodles have become one of the most purchased food product in majority of the nations across the globe.

Instant noodles are witnessing tremendous demand owing to their primary parameters such as convenience, ease of cooking, and taste. The instant noodles market is expanding at a rapid pace with leading players introducing innovative products. With the launch of multiple, unique flavors of the instant noodles, leading players in the market are aiming to sync with local preferences.

Health-conscious Consumers Spurning Processed Food will Hamper Growth of the Instant Noodles Market

Increased prevalence of lifestyle diseases, such as heart diseases and obesity, is making consumers more health-conscious and thereby, are preferring to adopted healthier eating habits. The instant noodles market is likely to witness negative impacts due to increased awareness about negative effects of preservatives, artificial colors, flavorings, and processes to increase shelf life of instant noodles on their health.

As most consumers believe that regular consumption of instant noodles can pose serious health risks, which is impacting its demand, manufacturers in the instant noodles market are facing serious challenges. To tackle with this problem, leading players in the instant noodles market are focusing on increasing their R&D efforts to launch healthier and more nutritious instant noodles product. This is likely to bolster the use of functional ingredients in the manufacturing of instant noodles, which may emerge as a popular trend in the instant noodles market in the upcoming years. 

Instant Noodles Market Segmentation

Based on the packaging, the instant noodles market is segmented into,

  • Packets
  • Cups

Based on the raw materials, the instant noodles market is segmented into,

  • Rice
  • Buck Wheat
  • Wheat
  • Starch
  • Oats
  • Others

Based on the product types, the instant noodles market is segmented into,

  • Vegetable
  • Sea Food
  • Chicken
  • Others

Based on the distribution channels, the instant noodles market is segmented into,

  • Convenience Stores
  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Online
  • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?