The Global Instant Noodles Market is Projected to Reach 126.8 Billion Packs by 2022

Ever-Present Demand for Convenience Foods Sustains Growth in the Instant Noodles Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Instant Noodles market. The global Instant Noodles market is projected to reach 126.8 billion packs by 2022, driven by the ever-present demand for convenient and easy-to-prepare foods; continuous developments in the science, technology, and processing of instant noodles; and manufacturers’ untiring efforts to expand their customer base by launching innovative gourmet noodles in exotic flavors.

Instant noodles are regarded as one of the most effervescent inventions of the 20^th century. Also known as instant ramen, instant noodles are Japan’s most memorable contribution to the global food industry. For long, instant noodles have been the primary source of convenient and instant meal for students and workers. Long shelf-life and the relatively low cost make instant noodles one of the most successful packaged food products in the retail food market. Further, availability of a wide range of flavors that meet diverse regional tastes and preferences has ensured the popularity of instant noodles the world over. Development of innovative offerings, in terms of form, flavor and seasoning, are additionally sustaining growth in the market. Over the past decade, global consumption of instant noodles recorded robust growth, driven by the hectic lifestyles of people and the resulting increase in demand for convenience and ready-to-eat or ready-to-prepare foods such as noodles. Rapid increase in working population especially working women, less time available for traditional cooking methods, rising brand consciousness of consumers and changing consumer preferences are also driving consumption of instant noodles. Growth is also being influenced by growing global population, increasing disposable incomes and rising purchasing power of consumers, and steadily growing demand from developing markets. As with other food segments, instant noodles market is being impacted by increasing health consciousness of consumers. This can be seen by the fact that noodle manufacturing companies are developing and launching a range of fortified products with higher nutritional value in order to target health-conscious consumers. In recent times, noodles fortified with calcium, vitamins, beta carotene and minerals are finding increased acceptance among consumers. Further, manufacturers are looking to reduce the overall sodium content in noodle products given the focus on consumer health.

As stated by the new market research report on Instant Noodles, Asia-Pacific represents the largest market, worldwide led by strong R&D focus on developing instant noodle recipes that   help reduce cooking time, offer nutrition benefits  and the convenience of anytime-anywhere consumability such as those provided by cup noodles. China ranks as the largest instant noodle consuming nation worldwide. The large population base and the fact that noodles are considered as a staple food have contributed to the robust growth of the market over the past three decades. Latin America and Rest of World are forecast to record the fastest CAGRs of 4.5% and 6.6%, respectively, over the analysis period.

Major players covered in the report include Acecook Vietnam Joint Stock Company, Ajinomoto Co. Inc., Blue Dragon, Kohlico Group, Mamee-Double Decker (M) Berhad, Nestlé India Ltd., New Dragon Asia Food (Yantai) Co., Ltd., Nissin Foods Holdings Co., Ltd., Nong Shim Co., Ltd., PT. Indofood Sukses Makmur TBK, Samyang Foods Co., Ltd., Sco-Fro Foods Ltd., Tat Hui Foods Pte Ltd., Thai President Foods Public Company Limited, Tingyi (Cayman Islands) Holding Corp., Toyo Suisan Kaisha, Ltd., and Uni-President Enterprises Corp., among others.

The research report titled “Instant Noodles: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, UK, Russia and Rest of Europe), Asia-Pacific (China, India, Indonesia, Malaysia, The Philippines, South Korea, Thailand, Vietnam and Rest of Asia-Pacific), Latin America (Brazil, Mexico and Rest of Latin America) and Rest of World.

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