Instant Noodles - Global Market Trajectory & Analytics

Global Instant Noodles Market to Reach $32.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Instant Noodles estimated at US$28.4 Billion in the year 2020, is projected to reach a revised size of US$32.1 Billion by 2027, growing at a CAGR of 1.8% over the period 2020-2027. Packet, one of the segments analyzed in the report, is projected to record 1.7% CAGR and reach US$19.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cup/Bowl segment is readjusted to a revised 1.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 3.5% CAGR

The Instant Noodles market in the U.S. is estimated at US$7.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2027 trailing a CAGR of 3.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.7% CAGR.

Select Competitors (Total 84 Featured):

• Acecook Vietnam Joint Stock Company
• Ajinomoto Co., Inc.
• Blue Dragon
• Kohlico Group
• Mamee-Double Decker (M) Berhad
• Nestlé India Ltd.
• New Dragon Asia Food (Yantai) Co., Ltd.
• Nissin Foods Holdings Co., Ltd.
• PT. Indofood Sukses Makmur TBK
• Samyang Foods Co., Ltd.
• Sco-Fro Foods Ltd.
• Tat Hui Foods Pte Ltd.
• Thai President Foods Public Company Limited
• Tingyi (Cayman Islands) Holding Corp.
• Toyo Suisan Kaisha, Ltd.
• Uni-President Enterprises Corp.