Dublin, March 02, 2023 (GLOBE NEWSWIRE) -- The "Instant Noodles: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Instant Noodles Market to Reach $33 Billion by 2030
The global market for Instant Noodles estimated at US$24.3 Billion in the year 2022, is projected to reach a revised size of US$33 Billion by 2030, growing at a CAGR of 3.9% over the analysis period 2022-2030.
Packet, one of the segments analyzed in the report, is projected to record 3.9% CAGR and reach US$25.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cup / Bowl segment is readjusted to a revised 4.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 3.3% CAGR
The Instant Noodles market in the U.S. is estimated at US$1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$12.1 Billion by the year 2030 trailing a CAGR of 3.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.
Looking Ahead to 2023
Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth.
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Metrics
| Report Attribute | Details |
| No. of Pages | 481 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $24.3 Billion |
| Forecasted Market Value (USD) by 2030 | $33 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Oodles of Noodles for Consumers amid COVID-19 Pandemic
- Instant Noodles Manufacturers Explore Healthier Product Variants Amid COVID-19 Pandemic
- The World Gets a Taste of Japan
- An Introduction to Instant Noodles
- Types of Noodles
- Noodles Based on Packaging
- Global Market Prospects & Outlook
- Instant Noodle Brands Bet on Innovation & Healthier Options to Stay Competitive
- Chicken & Wheat Products: Star Performers of Global Instant Noodles Market
- Asia-Pacific Remains at Forefront of Global Instant Noodle Market
- Major Instant Noodle Brands in Select Countries Worldwide
- Popular Noodle Varieties in Various Geographic Regions
- China Continues to Lead Global Instant Noodle Sales
- South Korea: The Nation with the Highest Per Capita Consumption
- North American Instant Noodles Market on Blissful Sojourn
- Competition
- Global Instant Noodles Market Breakdown of Sales by Leading Players (in %) for 2021E
- World Brands
- Recent Market Activity
MARKET TRENDS & DRIVERS
- Rising Demand for Processed, Convenience Foods Supports Sales of Instant Noodles
- Expanding Population, Urbanization Trend and Changing Consumption Patterns Influence Instant Noodles Sales
- Product Innovation: The Game Changer for Noodle Makers
- Health & Sustainability Trending Big in Global Instant Noodles Market
- Instant Noodles Gain Prominence as a Vehicle for Food Fortification
- Potential Role of Fortified Wheat Instant Noodles in Reducing Nutritional Deficiencies
- Industry Players Focus on Premium Variants as Lower-Price Noodles Market Saturates
- Robust Demand for Instant Noodles Presents Wheat as a Profitable Crop
- Rice Noodles Emerge as a Healthy Alternative to Other Instant Noodles
- Concerns over Health Implications of Instant Noodles: A Major Restraint
- Revolutionizing Impact of Instant Ramen Alarms Keepers of Culinary Cultures
- Ingredient Profile: What Goes Into Making Noodles?
- Wheat: A Major Ingredient
- Buckwheat, Mung Bean & Soy Flour Gain in Popularity
- A Peek into the Manufacturing Process
- Flavors: An Indispensable, Delicious Theme for Instant Noodles
- Spicy Flavors Continue to Drive Popularity of Instant Noodles in Asia-Pacific
- Supermarkets & Hypermarkets Continue to Lead Market, Online Sales of Instant Noodles Make Strong Gains
FOCUS ON SELECT PLAYERS (Total 131 Featured)
- Acecook Vietnam Joint Stock Company
- Ajinomoto Co., Inc.
- Kohlico Brands UK Ltd.
- Mamee Double-Decker Sdn Bhd
- Nestle India Limited
- Nissin Food Products Co., Ltd.
- NONGSHIM 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
- Tolaram
- Toyo Suisan Kaisha Ltd
- Uni-President (Philippines) Corporation
For more information about this report visit https://www.researchandmarkets.com/r/1h24sl
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