Instant Noodles Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Instant Noodles Market is segmented By Product Type (Vegetable, Chicken, Sea Food, Others), By Raw Material (Wheat, Rice, Oats, Others), By Packaging (Packets, Cups/Bowls), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, Online Stores, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Instant Noodles Market Size

The Global Instant Noodles Market size reached USD 42.5 million in 2022 and is projected to witness lucrative growth by reaching up to USD 66.2 million by 2030. The market is growing at a CAGR of 5.7% during the forecast period (2024-2031). Instant noodles are a convenient and quick meal option that can be easily prepared in a matter of minutes. They can be consumed as a standalone meal or as a snack.

Instant noodles can be customized by adding different sauces, vegetables and proteins to create a variety of flavors and textures. 

Instant noodles are an affordable and accessible food option, especially for people on a tight budget or in low-income countries. They are a good source of carbohydrates and can provide a quick energy boost. The instant noodles market is highly competitive, with many global and regional players. The market is driven by factors such as changing lifestyles, increasing urbanizations and the growing popularity of convenience foods.

Instant Noodles Market Scope

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Instant Noodles Market Dynamics

The Growing Adoption of Convenient Foods is Driving the Growth of the Instant Noodles Market

The hectic work schedule of people is driving the demand for ready-to-eat food products that are quick to prepare and consume without obstructing daily routines. Therefore, convenient food products have become widely popular among consumers by offering several benefits such as longer shelf-life, instant appetizers, and wider availability in the global marketplace. 

According to the World Instant Noodles Association, the demand for instant noodles has increased from 100,110 million servings in 2017 to 118,180 million servings in 2021. This type of noodle is one of the most popular snacks among consumers, which is gaining huge traction across the global marketplace that will aid growth during the forecast period.

The Increasing Prevalence of Obesity and Diabetes are Holding Back the Instant Noodles Market Growth

A study published in the Journal of Nutrition found that regular consumption of instant noodles is associated with a higher risk of metabolic syndrome, a group of conditions that increase the risk of heart disease, stroke and diabetes. The study found that people who consumed instant noodles more than twice a week had a higher prevalence of metabolic syndrome than those who consumed them less frequently. 

According to a study published in the Journal of the Academy of Nutrition and Dietetics, instant noodle consumption is associated with a higher intake of calories, sodium and unhealthy fats, which can contribute to weight gain and obesity. 

Instant Noodles Market Segmentation

The global instant noodles market is segmented based on product type, raw material, packaging, distribution channel and region.

The Chicken Instant Noodles Segment Holds the Largest Market Share of the Instant Noodles Market

Chicken instant noodles held 30-40% of the market share in 2022. It is positively influenced by the utilization of chicken during its noodles manufacturing, owing to its taste offerings and affordability factor. According to the Food and Agriculture Organization of the United Nations (FAO), the demand for chicken products has risen dramatically in the last years, worldwide. Chicken instant noodles are proving more suitable food options with a great source of protein, carbohydrates and others, owing to which the market is expected to grow.

Source: DataM Intelligence Analysis (2023)

Instant Noodles Market Geographical Share

Asia Pacific is Dominating the Global Instant Noodles Market During the Forecast Period

By geography, Asia Pacific is expected to dominate the instant noodles market. This is driven by a huge consumer base and the disposable incomes that allow them to spend on several varied food items in the market scenario. Instant noodles are one of the most consumable convenience foods, and their demand is increasing at a rapid pace, in highly populated countries such as China, Indonesia and India in the region. 

According to the World Instant Noodles Association, China remains to be in the first position in terms of the demand for instant noodles. The demand for instant noodles in China has increased from 38,960 million servings in 2017 to 43,990 million servings in 2021.

Source: DataM Intelligence Analysis (2023)

Instant Noodles Companies

The major global players include the Instant Noodles market are Nissin Food Holdings, Nestle S.A., ITC Limited, Capital Foods Pvt Ltd., Ajinomoto Co. Inc., Thai Preserved Food Factory Co. Ltd, CG Foods India Pvt. Ltd., GSK Consumer Healthcare (India) Ltd., Inbisco India Pvt. Ltd., and Aico Food Ltd.

COVID-19 Impact on Instant Noodles Market

COVID Impact

COVID-19 has created a panic situation among consumers with temporary closures of retail stores to limit the impact of the virus. This has led to panic purchasing among consumers and the stockpiling of food products with a long shelf life, such as instant noodles. For instance, Toyo Suisan, an instant noodles manufacturer in Japan, stated that the demand for instant noodles has witnessed an increase and is higher than usual. 

Stockpiling among consumers has also resulted in creating immense pressure on supermarkets & hypermarkets, convenience stores and food suppliers globally, which is rapidly accelerating the transition to e-commerce.  

Russia-Ukraine War Impact

The conflict has led to disruptions in production and supply chain for instant noodles manufacturers in both Russia and Ukraine. According to the Russian Federal State Statistics Service, the production of food products in Russia decreased by 0.4% in 2020 due to the COVID-19 pandemic and economic sanctions, which have impacted the import of raw materials and equipment needed for instant noodles production. 

According to Euromonitor International, sales of instant noodles in Ukraine increased by 15% in 2014, the year the conflict began, as consumers looked for affordable and easy-to-prepare food options.

Key Developments

• In June 2020, Indonesia’s Indofood CBP planned to acquire Pinehill Co., a producer of instant noodles in Africa and the Middle East for D 3 billion to expand in fast-growing markets for consumer products. 
• In February 2021, With the introduction of instant noodles under the Saffola Oodles brand, Marico Ltd. announced its debut in the instant noodle industry. According to the firm, it is consistent with the company's aim of expanding its demographic relevance and solidifying its position in the healthy, ready-to-cook snacking sector.
• In November 2022, Yu claimed that the introduction of its new instant noodles at WH Smith and 24Seven Stores is part of an effort to diversify its new product line.

Why Purchase the Report?

• To visualize the global instant noodles market segmentation based on product type, raw material, packaging and distribution channel to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous instant noodles market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Instant Noodles Market Report Would Provide Approximately 69 Tables, 69 Figures and 102 Pages.

Target Audience 2024

• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies