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Instant Noodles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 144 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820730
The global instant noodles market size reached US$ 52.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 71.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. The rising need for ready-to-eat food items, the changing dietary patterns of the masses, and the shifting lifestyle preferences of individuals across the globe represent some of the key factors driving the market.

The Diverse Varieties of Instant Noodles Augmenting the Market Growth

Instant noodles are widely available in a variety of different flavors and are constantly being updated by brands to gain a competitive edge. Both vegetarian and non-vegetarian flavors are available, with a wide range of options for each that can be eaten without cooking, simply by adding seasonings or cooked with boiled water to create a noodle soup. Additionally, several leading players are also focusing on introducing diverse flavor of instant noodles that suit regional tastes and preferences, which is acting as another growth-inducing factor. In addition, many instant noodle manufacturers offer different types of packaging, from single-serve cups to multi-serving packs, which allows consumers to choose a product that suits their budget, lifestyle, and dietary needs is further impacting the market.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is moderately fragmented into numerous large players at the regional and international levels in the industry due to the growing demand for instant noodles among the masses. The volume of new entrants is low in the instant noodles market on account of the high capital investment and consumer loyalty towards specific brands.

What are Instant Noodles?

Instant noodles are a type of pre-cooked, flavored noodle blocks that has become increasingly popular among individuals, especially working professionals. They are usually produced from wheat flour, water, salt, and other additives such as palm oil, monosodium glutamate (MSG), and flavor enhancers and are high in carbohydrates, sodium, and fat. They are commercially available in a variety of shapes and flavors and can be cooked in just a few minutes, making them a quick and easy meal option. They are convenient and time-saving, as they can be cooked in minutes by simply adding boiling water or immersing them in hot water. They are often served with various sauces and toppings, such as soy sauce, chili paste, and fish sauce. They are found in almost any grocery store and are often cheaper than other meal options. Additionally, they are a great way to add flavor to otherwise bland dishes, including rice or vegetables.

COVID-19 Impact:

COVID-19 had a considerable impact on the instant noodles market, with an increase in the demand for popular convenience food. Instant noodles have become a staple food for consumers during the pandemic, due to their affordability, convenience, and long shelf-life. Furthermore, due to the restrictions on movement and the closure of restaurants, more individuals were cooking at home, and opting for instant noodles as an easy, budget-friendly meal option. This has encouraged leading companies to innovate and launch new product variants, such as microwaveable, ready-to-eat instant noodles. Companies also begun focusing more on developing healthier versions of instant noodles, with reduced salt and sugar content. However, the pandemic has also disrupted the supply chain for instant noodles, particularly in the early stages of the pandemic, which resulted in a shortage of supply of instant noodles as a result of the rising demand and temporary closure of the production facilities. In addition, growing concerns about the nutritional value and health effects of instant noodles have led some consumers to shift towards healthier and more natural food options, further impacting the market.

Instant Noodles Market Trends:

The escalating demand for convenience food majorly drives the global market. This can be supported by the hectic lifestyles of individuals and changing dietary patterns of the masses. Since instant noodles are a convenient and time-saving solution for busy consumers, making them a popular choice especially among working professionals, is propelling the market. Along with this, the numerous leading players are heavily investing in the launching of healthier version of instant noodles with low fat and calorie content, which is acting as another growth-inducing factor. In addition, several manufacturers are adopting strategies for increasing their production capacity to meet the rising demand for instant noodles, including investing in new manufacturing facilities and technologies, is significantly supporting the overall instant noodles market. In line with this, key players are leveraging digital platforms, such as social media, website optimization, and search engine marketing, to drive sales and gain a competitive edge, which is considered as a major driving factor. Furthermore, the development of new flavors, innovative packaging solutions, and textures is creating a positive market outlook. Some of the other factors driving the market include easy product availability via online and offline organized distributed channels, the advent of home delivery models and the rising adoption of aggressive marketing strategies.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global instant noodles market report, along with forecasts at the global and country level from 2023-2028. Our report has categorized the market based on type and distribution channel.

Type Insights:

  • Fried
  • Non-fried
The report has provided a detailed breakup and analysis of the instant noodles market based on the type. This includes fried and non-fried. According to the report, fried represented the largest segment due to convenience, affordability, and wide variety of taste. Along with this, taste is also important, as consumers have come to expect a delicious and satisfying flavor from instant noodle products, which is influencing the demand for the market segment. In addition, the advent of healthier version of instant noodles and the presence of essential vitamins and minerals, have also become a major market driver.

Distribution Channel Insights:

  • Supermarkets/Hypermarkets
  • Specialty Stores
  • Convenience Stores
  • Online Stores
  • Others
A detailed breakup and analysis of the instant noodles market based on the distribution channel have also been provided in the report. This includes supermarkets/hypermarkets, specialty stores, convenience stores, online stores, and others. According to the report, supermarkets/hypermarkets accounted for the largest market due to the easy availability of a wide variety of brands, flavors, and sizes of instant noodles. These outlets attract large numbers of customers with their competitive pricing and convenience. Supermarkets/hypermarkets offer a wide variety of brands and flavors, allowing customers to choose from different types of noodles. The convenience of one-stop shopping encourages customers to purchase multiple packages at once, increasing the number of sales.

Regional Insights:

  • China
  • Indonesia
  • Japan
  • India
  • Vietnam
  • United States
  • Republic of Korea
  • Thailand
  • Saudi Arabia
  • Others
The report has also provided a comprehensive analysis of all the major regional markets, which include China, Indonesia, Japan, India, Vietnam, United States, Republic of Korea, Thailand, Saudi Arabia, and others. According to the report, China was the largest market for instant noodles. Some of the factors driving the China instant noodles market included the busy lifestyle led by the masses . Additionally, the convenient and affordable nature of instant noodles has made them popular among young consumers who are seeking a quick and easy meal. Furthermore, the emergence of new flavors and variations of instant noodles has offered more choices to consumers and has further boosted the sector's growth.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global instant noodles market. Some of the companies covered in the report include:
  • Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd
  • Hebei Hualong Food Group
  • Indofood Sukses Makmur
  • Nissin Food Products Co., Ltd.
  • Nestlé S.A.
  • Acecook Vietnam Joint Stock Company
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global instant noodles market in 2022?
2. What is the expected growth rate of the global instant noodles market during 2023-2028?
3. What are the key factors driving the global instant noodles market?
4. What has been the impact of COVID-19 on the global instant noodles market?
5. What is the breakup of the global instant noodles market based on the type?
6. What is the breakup of the global instant noodles market based on the distribution channel?
7. What are the key regions in the global instant noodles market?
8. Who are the key players/companies in the global instant noodles market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Instant Noodles Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Key Price Indicators
5.4.2 Price Structure
5.4.3 Price Trends
5.5 Market Breakup by Type
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Raw Material Procurement
5.10.2 Manufacturer
5.10.3 Marketing & Distribution
5.10.4 Exporter
5.10.5 Retailer
5.10.6 End-Consumer
5.11 Porter’s Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Key Market Drivers and Challenges
5.13 Success Factors for Manufacturers
6 Market Breakup by Type
6.1 Fried
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Non-fried
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Supermarkets/Hypermarkets
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Specialty Stores
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Convenience Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Online Stores
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Region
8.1 China
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Indonesia
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Japan
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 India
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Vietnam
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 United States
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Republic of Korea
8.7.1 Market Trends
8.7.2 Market Forecast
8.8 Thailand
8.8.1 Market Trends
8.8.2 Market Forecast
8.9 Saudi Arabia
8.9.1 Market Trends
8.9.2 Market Forecast
8.10 Others
8.10.1 Market Trends
8.10.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
10 Instant Noodles Manufacturing Process
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Machinery Schematic
11.4 Plant Machinery
11.5 Machinery Pictures
11.6 Raw Material Requirements and Expenditures
11.7 Raw Material and Final Product Pictures
11.8 Packaging Requirements and Expenditures
11.9 Transportation Requirements and Expenditures
11.10 Utility Requirements and Expenditures
11.11 Manpower Requirements and Expenditures
11.12 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
List of Figures
Figure 1: Global: Instant Noodles Market: Major Drivers and Challenges
Figure 2: Global: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017-2022
Figure 3: Global: Instant Noodles Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Instant Noodles Market: Price Structure
Figure 5: Global: Instant Noodles Market: Average Prices (in US$/Packet), 2017-2022
Figure 6: Global: Instant Noodles Market Forecast: Average Prices (in US$/Packet), 2023-2028
Figure 7: Global: Instant Noodles Market: Breakup by Type (in %), 2022
Figure 8: Global: Instant Noodles Market: Breakup by Distribution Channel (in %), 2022
Figure 9: Global: Instant Noodles Market: Breakup by Region (in %), 2022
Figure 10: Global: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 11: Global: Instant Noodles Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 12: Global: Instant Noodles Industry: SWOT Analysis
Figure 13: Global: Instant Noodles Industry: Value Chain Analysis
Figure 14: Global: Instant Noodles Industry: Porter’s Five Forces Analysis
Figure 15: China: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 16: China: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 17: Indonesia: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 18: Indonesia: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 19: Japan: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 20: Japan: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 21: India: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 22: India: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 23: Vietnam: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 24: Vietnam: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 25: United States: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 26: United States: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 27: Republic of Korea: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 28: Republic of Korea: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 29: Thailand: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 30: Thailand: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 31: Saudi Arabia: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 32: Saudi Arabia: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 33: Other Regions: Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 34: Other Regions: Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 35: Global: Fried Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 36: Global: Fried Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 37: Global: Non-fried Instant Noodles Market: Volume Trends (in Million Packets- Bags/Cups), 2017 & 2022
Figure 38: Global: Non-fried Instant Noodles Market Forecast: Volume Trends (in Million Packets- Bags/Cups), 2023-2028
Figure 39: Global: Instant Noodles Market: Sales through Supermarkets/Hypermarkets (in Million Packets- Bags/Cups), 2017 & 2022
Figure 40: Global: Instant Noodles Market Forecast: Sales through Supermarkets/Hypermarkets (in Million Packets- Bags/Cups), 2023-2028
Figure 41: Global: Instant Noodles Market: Sales through Specialty Stores (in Million Packets- Bags/Cups), 2017 & 2022
Figure 42: Global: Instant Noodles Market Forecast: Sales through Specialty Stores (in Million Packets- Bags/Cups), 2023-2028
Figure 43: Global: Instant Noodles Market: Sales through Convenience Stores (in Million Packets- Bags/Cups), 2017 & 2022
Figure 44: Global: Instant Noodles Market Forecast: Sales through Convenience Stores (in Million Packets- Bags/Cups), 2023-2028
Figure 45: Global: Instant Noodles Market: Sales through Online Stores (in Million Packets- Bags/Cups), 2017 & 2022
Figure 46: Global: Instant Noodles Market Forecast: Sales through Online Stores (in Million Packets- Bags/Cups), 2023-2028
Figure 47: Global: Instant Noodles Market: Sales through Other Distribution Channels (in Million Packets- Bags/Cups), 2017 & 2022
Figure 48: Global: Instant Noodles Market Forecast: Sales through Other Distribution Channels (in Million Packets- Bags/Cups), 2023-2028
Figure 49: Instant Noodles Manufacturing: Detailed Process Flow
Figure 50: Instant Noodles Manufacturing: Conversion Rate of Feedstocks
Figure 51: Instant Noodles Manufacturing Plant: Proposed Plant Layout
Figure 52: Instant Noodles Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 53: Instant Noodles Industry: Profit Margins at Various Levels of the Supply Chain
Figure 54: Instant Noodles Production: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Instant Noodles Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Instant Noodles Market Forecast: Breakup by Type (in Million Packets- Bags/Cups), 2023-2028
Table 3: Global: Instant Noodles Market Forecast: Breakup by Distribution Channel (in Million Packets- Bags/Cups), 2023-2028
Table 4: Global: Instant Noodles Market Forecast: Breakup by Region (in Million Packets- Bags/Cups), 2023-2028
Table 5: Global: Instant Noodles Market: Competitive Structure
Table 6: Global: Instant Noodles Market: Key Players
Table 7: Instant Noodles Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Instant Noodles Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Instant Noodles Manufacturing Plant: Costs Related to Machinery (in US$)
Table 10: Instant Noodles Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 11: Instant Noodles Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: Instant Noodles Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: Instant Noodles Manufacturing Plant: Capital Costs (in US$)
Table 15: Instant Noodles Manufacturing Plant: Techno-Economic Parameters
Table 16: Instant Noodles Manufacturing Plant: Taxation and Depreciation
Table 17: Instant Noodles Manufacturing Plant: Income Projections (in US$)
Table 18: Instant Noodles Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Instant Noodles Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 20: Instant Noodles Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 21: Instant Noodles Manufacturing Plant: Profit and Loss Account (in US$)

Companies Mentioned

  • Master Kong (Shenyang) Instant Noodle Foodstuff Co. Ltd.
  • Hebei Hualong Food Group
  • Indofood Sukses Makmur
  • Nissin Food Products Co. Ltd.
  • Nestlé S.A. and Acecook Vietnam Joint Stock Company

Methodology

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Table Information