The instant noodles market share growth by the fried segment will be significant for revenue generation. The potential growth difference for the instant noodles market between 2020 and 2025 is USD 5.06 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
- Market Driver - The demand for convenient food products which can be prepared and consumed easily is growing, especially among consumers leading a busy and hectic lifestyle. Rising urbanization, expanding the middle-class population, and the growing number of working women are contributing to the increasing demand for convenient food products such as instant noodles. Innovative packaging techniques, microwave cooking, and low preparation time of instant noodles are some of the factors boosting its popularity among the working-class population.
- Market Challenges - Raw materials such as wheat (main ingredient), aluminum, paper, and plastics (for packaging) have volatile prices based on their availability. Also, the growing gap between supply and demand in recent years has increased the costs of raw materials considerably. Any increase in the price of raw materials, such as plastic, increases the manufacturing cost of packaging and leads to lower profit margins for vendors. Furthermore, to remain competitive in the market, manufacturers are experimenting with low-cost substitutes, which might compromise the quality of the product.
The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. This instant noodles market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth.
To learn about additional key drivers, trends, and challenges available with Technavio. Read our FREE Sample Report right now!
The instant noodles market report is segmented by Type (fried and non-fried) and Geography (APAC, North America, Europe, MEA, and South America).
APAC will be the leading region with 76% of the market's growth during the forecast period. China, Indonesia, India, Japan, and Vietnam are the key markets for instant noodles in APAC. However, the market growth rate in APAC will be slower than the growth of the market in other regions. The rising per capita income and the expanding population base will facilitate the instant noodles market growth in APAC over the forecast period.
View our free sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
The instant noodles market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
- Acecook Vietnam Joint Stock Co.
- Ajinomoto Co. Inc.
- Baixiang Food Co. Ltd.
- Capital Foods Pvt. Ltd.
- Mareven Food Holdings Ltd.
- Nestle SA
- Nissin Foods Holdings Co. Ltd.
- Nongshim Co. Ltd.
- PT INDOFOOD SUKSES MAKMUR Tbk
- Toyo Suisan Kaisha Ltd.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Related Reports:
Rice Noodles Market in APAC -The rice noodles market size in APAC is expected to reach a value of USD 900.65 million, at a CAGR of 6.11%, during 2021-2025. Download a free sample now!
Noodles Market -The noodles market size has the potential to grow by USD 10.85 billion during 2020-2024, and the market's growth momentum will decelerate during the forecast period Download a free sample now!
Instant Noodles Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.23% |
Market growth 2021-2025 |
USD 5.06 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.68 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 76% |
Key consumer countries |
China, Indonesia, India, Japan, and Vietnam |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Acecook Vietnam Joint Stock Co., Ajinomoto Co. Inc., Baixiang Food Co. Ltd., Capital Foods Pvt. Ltd., Mareven Food Holdings Ltd., Nestle SA, Nissin Foods Holdings Co. Ltd., Nongshim Co. Ltd., PT INDOFOOD SUKSES MAKMUR Tbk, and Toyo Suisan Kaisha Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
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SOURCE Technavio
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