The global Instant Noodles market was valued at USD 42.15 billion in 2020 and is expected to reach USD 85.32 billion by the year 2025, at a CAGR of 6.3%.
Instant noodles are basically made up of fine wheat flour and mixture of alkaline salts. Various additional ingredients are also added to the dough in smaller quantities such as edible oil, gluten, starch and stabilizers like guar gum. Instant noodles are precooked dried noodles. They are dehydrated using one of the two processes, these processes named as 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.
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The major Key vendors operating in Instant Noodles Market are Unilever PLC, Nestlé S.A., Campbell Soup Company, Ajinomoto Co., Inc., Nissin Foods Co., Ltd, ITC Limited, Capital Foods Limited.
On the basis of product type, the Instant Noodles Market has been bifurcated into
- fried
- non-fried instant noodles
By pack size
- single pack
- four pack
- six pack
- others
Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
Now a days, apart from the standard flavors of noodles, companies are coming up with new range of tastes and flavors for example Chinese and mix of masalas. The concerns about the health is the major restraint of the market. 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.
Key Features of the Instant Noodles Market are given below:
- The approximate expected value for the Instant Noodles was USD 42.15 billion in 2019, and it is expected to reach USD 85.32 billion by 2025.
- Packet instant noodles is the leading segment, which is growing at a substantial CAGR to reach USD 44.07 billion by the end of 2023.
- The availability of packet instant noodles with different pack size and the advantage of their purchase as per the use is mainly driving the growth of this segment. However, recently the demand for cup/bowl instant noodles is also boosting.
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