Instant Noodles Market by Packaging (Packets, Cups, and Others), By Type of Broth (Sea-food, Chicken, Vegetable, and Others), By Distribution Channel (Store Based and Non-store Based), and By Region - Trends, Analysis and Forecast till 2030

Instant Noodles Market accounted for USD 49.0 Billion in 2020 and is estimated to be USD 84.63 Billion by 2030 and is anticipated to register a CAGR of 5.7%.

Instant noodles are a noodle dish, sold in a precooked and dried noodle block, with flavoring powder and/or seasoning oil. They are usually made up of ingredients such as flour, water, oil and salt.Instant noodles are already cooked noodles that have been treated with seasoning oil and flavouring powder. Before being served in packs, cups, or bowls, dried noodles must be boiled for 10 to 15 minutes in boiling, salty water and then drained. Precooked noodles are made by steaming fresh noodles and either drying (for instant noodles in the traditional sense) or steaming and frying (ramen style). Some of the most recent trends in the market include the fortification of instant noodles, a rise in the demand for clean label products, the proliferation of social media platforms, the introduction of variants tailored to the tastes of various regions, and chances for instant noodle companies to strengthen distribution networks.

Major drivers for growth of instant noodles in the global instant noodles market are increasing demand for convenience foods attributing to fast-paced urban lifestyle, rising disposable income, and affordability of the product. Other factors which support growth of the global instant noodles market are change in food habits; growing work population, increase in nutritional value of the noodles due to fortification, variety, and product appeal.

Instant noodles market has been segmented by packaging, type of broth, distribution channel, and region.

On the basis of packaging type, global instant noodles market has been bifurcated into packets, cups, and others. Packet noodles segment accounts for the highest market proportion over the past few years and is projected to dominate the target market during the forecast period. However, the segment of cup instant noodles is expected to expand at a high growth rate in the near future. Global instant noodles market is segmented on the basis of broth which includes sea-food, chicken, vegetable, and others. Vegetable segment is expected to witness higher growth rate than retail customers over the forecast period which in turn support growth of the global market. Target market has been segmented on the basis of distribution channel which comprises of store based and non-store based.

Regional Insights:

Based on region, instant noodles market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. China exhibits a clear dominance in global instant noodles market accounting for majority of the total global consumption of instant noodles. Market in China is followed by the market of countries such as Indonesia, Japan, the United States, Vietnam, India, Republic of Korea, South Arabia, and Thailand.

Key players operating in the instant noodles market include Nestlé S.A, Ajinomoto Co., Inc., The Unilever Group, Campbell Soup Company, Hebei Hualong Food Group Co., Ltd., PT Indofood Sukses Makmur Tbk, Nissin Foods Products Co., Ltd., Capital Foods Limited, ITC Limited, and Acecook Vietnam Joint Stock Company.