DUBLIN--(BUSINESS WIRE)--The "Instant Noodles Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global instant noodles market reached a value of US$ 47.08 Billion in 2020. Looking forward, the global instant noodles market is expected to grow at a CAGR of 5% during 2021-2026.
Instant noodles are made up of fine wheat flour along with a mixture of alkaline salts. Various additional ingredients are also added to the dough in smaller quantities such as starch, edible oil, gluten and stabilizers like guar gum. Instant noodles are precooked dried noodles which are dehydrated using one of the two processes, namely flash or air frying. They are generally accompanied with a small sachet comprising of the tastemaker. Instant noodles have gained popularity worldwide as they are portable, quick to make and easy to store.
Global Instant Noodles Market Drivers:
Growing urbanization and increasing disposable incomes have altered the eating habits of the consumers. Due to the hectic lifestyle, the working population now prefers affordable and quick meals, such as instant noodles, which require minimal cooking. This shift in their eating habit has created a great opportunity for the instant noodles market to flourish.
Instant noodles are available in a wide range of flavors along with numerous vegetarian and non-vegetarian variations. Moreover, the manufacturers keep formulating with new flavors, colors, textures and seasonings/tastemakers, according to regional tastes and preferences, in order to expand their consumer-base.
The growth of the organized food retail sector, with an increasing number of departmental stores, hypermarkets, supermarkets and convenience stores across the globe, is expected to facilitate the sales of instant noodles.
Break up by Product Type:
On the basis of product type, the market has been bifurcated into fried and non-fried instant noodles. Currently, fried instant noodles represent the most popular product type, accounting for the majority of the market share. As these noodles are flash fried, they help in securing the flavor, improving the shelf-life and averting bacterial growth.
Break up by Distribution Channel:
On the basis of distribution channels, supermarkets/hypermarkets hold the largest market share, representing the leading segment. They provide easy access different brands, types and flavors of instant noodles. Supermarkets and hypermarkets are followed by convenience stores, online stores, specialty stores and others.
Regional Insights:
On a geographical front, China enjoys the leading position in the global instant noodles market. Noodles have been an essential part of the Chinese cuisine owing to which there has been a high demand for instant noodles in the region. China is followed by Indonesia, Japan, India, Vietnam, United States, Republic of Korea, Thailand and Saudi Arabia.
Competitive Landscape:
The global instant noodles industry is fragmented due to the presence of a large number of players in the key markets such as China and Indonesia.
Some of the leading players operating in the market are:
- Master Kong (Shenyang) Instant Noodle Foodstuff Co., Ltd.
- Hebei Hualong Food Group
- Indofood Sukses Makmur
- Nissin Foods
- Nestle
- Acecook Vietnam Joint Stock Company
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Instant Noodles Market
6 Market Breakup by Type
7 Market Breakup by Distribution Channel
8 Market Breakup by Region
9 Competitive Landscape
10 Instant Noodles Manufacturing Process
11 Project Details, Requirements and Costs Involved
12 Loans and Financial Assistance
13 Project Economics
14 Key Player Profiles
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