The global instant noodles market revenue was valued at USD 57.73 billion in 2023 and is anticipated to grow from USD 61.08 billion in 2024 to USD 98.26 billion by 2032, registering a CAGR of 6.12% during the forecast period. Asia Pacific led the market with an 85.81% share in 2023. In the U.S., the instant noodles market is projected to expand significantly, reaching an estimated value of USD 4.67 billion by 2032, fueled by the rising demand for convenience foods and the growing number of Asian immigrants.
Originally developed in Japan during the 1950s, instant noodles are now produced in over 90 countries and have become a globally recognized food product. Their widespread appeal across both developing and developed nations is driven by factors such as convenience, taste, nutritional value, and affordability.
Information Source:https://www.fortunebusinessinsights.com/industry-reports/instant-noodles-market-101452
Major Players Profiled in the Report:
Nissin Food Holdings (Japan)
Nestle S.A. (Switzerland)
ITC Limited (India)
Capital Foods Pvt. Ltd. (India)
Ajinomoto Co. Inc. (Japan)
Acecook Vietnam Joint Stock Company (Vietnam)
The Campbell Soup Company (U.S.)
Indofood Sukses Makmur Tbk (Indonesia)
Toyo Suisan Kaisha Ltd. (Japan)
Tat Hui Foods Pte Ltd. (Singapore)
Report Coverage:
The report provides a detailed analysis of market size, share, revenue, and volume. It incorporates Porter’s Five Forces analysis and SWOT analysis, offering both quantitative and qualitative assessments for a holistic market perspective. Primary interviews validate findings, assumptions, and current business scenarios, while secondary resources like annual reports, press releases, white papers, and journals support the research.
Segmentation:
Chicken Instant Noodles to Drive Growth with Increasing Demand for Exotic Flavors