Dublin, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The "Instant Noodles - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Instant Noodles is estimated at US$25.3 Billion in 2023 and is projected to reach US$33.0 Billion by 2030, growing at a CAGR of 3.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the instant noodles market is driven by several factors, including urbanization, busy lifestyles, and the increasing demand for convenient food options. As more people move to urban areas and face time constraints, the need for quick and easy meal solutions has surged, making instant noodles a popular choice.
Additionally, the affordability of instant noodles makes them accessible to a wide range of consumers, particularly in developing regions where economic factors play a significant role in food choices. The expansion of the global middle class and the increasing purchasing power have also contributed to market growth, as consumers seek diverse and innovative food products.
Furthermore, the rise of e-commerce has made instant noodles more accessible, with online platforms offering a variety of brands and flavors to consumers worldwide. Health and wellness trends are prompting manufacturers to innovate and offer healthier versions, catering to health-conscious consumers. As these trends continue, the instant noodles market is expected to grow robustly, driven by the need for convenience, affordability, and continuous product innovation.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Packet Instant Noodles segment, which is expected to reach US$25.5 Billion by 2030 with a CAGR of a 3.8%. The Cup / Bowl Instant Noodles segment is also set to grow at 4.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.1 Billion in 2023, and China, forecasted to grow at an impressive 3.3% CAGR to reach $12.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Ajinomoto Co., Inc., Campbell Soup Company, ITC Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 481 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $25.3 Billion |
| Forecasted Market Value (USD) by 2030 | $33 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
MARKET OVERVIEW
- Global Economic Update
- Instant Noodles - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- The World Gets a Taste of Japan
- An Introduction to Instant Noodles
- Types of Noodles
- Noodles Based on Packaging
- Global Market Prospects & Outlook
- Instant Noodle Brands Bet on Innovation & Healthier Options to Stay Competitive
- Chicken & Wheat Products: Star Performers of Global Instant Noodles Market
- Asia-Pacific Remains at Forefront of Global Instant Noodle Market
- Major Instant Noodle Brands in Select Countries Worldwide
- Popular Noodle Varieties in Various Geographic Regions
- China Continues to Lead Global Instant Noodle Sales
- South Korea: The Nation with the Highest Per Capita Consumption
- Competition
- Global Instant Noodles Market Breakdown of Sales by Leading Players (in %) for 2024
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Rising Demand for Processed, Convenience Foods Supports Sales of Instant Noodles
- Expanding Population, Urbanization Trend and Changing Consumption Patterns Influence Instant Noodles Sales
- Product Innovation: The Game Changer for Noodle Makers
- Health & Sustainability Trending Big in Global Instant Noodles Market
- Instant Noodles Gain Prominence as a Vehicle for Food Fortification
- Potential Role of Fortified Wheat Instant Noodles in Reducing Nutritional Deficiencies
- Industry Players Focus on Premium Variants as Lower-Price Noodles Market Saturates
- Robust Demand for Instant Noodles Presents Wheat as a Profitable Crop
- Rice Noodles Emerge as a Healthy Alternative to Other Instant Noodles
- Concerns over Health Implications of Instant Noodles: A Major Restraint
- Revolutionizing Impact of Instant Ramen Alarms Keepers of Culinary Cultures
- Ingredient Profile: What Goes Into Making Noodles?
- Wheat: A Major Ingredient
- Buckwheat, Mung Bean & Soy Flour Gain in Popularity
- A Peek into the Manufacturing Process
- Flavors: An Indispensable, Delicious Theme for Instant Noodles
- Spicy Flavors Continue to Drive Popularity of Instant Noodles in Asia-Pacific
- Supermarkets & Hypermarkets Continue to Lead Market, Online Sales of Instant Noodles Make Strong Gains
FOCUS ON SELECT PLAYERS (Total 131 Featured)
- Ajinomoto Co., Inc.
- Campbell Soup Company
- ITC Ltd.
- Hindustan Unilever Ltd.
- CJ CheilJedang Corporation
- COFCO Group
- Acecook Vietnam JSC
- GGM World Limited
- Baixiang Foods Co., Ltd.
- Blue Dragon
- Chadha Oriental Foods, a Division of Grace Foods UK Ltd
- Chewy International Foods Ltd.
- IFFCO Group company
- Jack Hua Company Limited
- Ettason Pty. Limited
For more information about this report visit https://www.researchandmarkets.com/r/h0gudu
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