NEW YORK, Nov. 7, 2022 /PRNewswire/ — The “Noodles Market by Product (Instant Noodles and Dried and Others) and Geography (APAC, North America, Europe, Middle East and Africa, and South America) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the noodles market size between 2021 and 2026 is USD 15.97 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.

Some Companies Mentioned with their Offerings

• Acecook Vietnam Joint Stock Co. – The company offers noodles such as Hao Hao noodles, oatmeal noodles, and SiuKay instant noodles.

• Ajinomoto Co. Inc. – The company offers noodles under the brand names Oyakata, SAMSMAK, and YumYum.

• Beltek (Huizhou) Foods Co. Ltd. – The company offers noodles such as kimchi flavor cup noodles, beef flavor cup noodles, and lobster flavor cup noodles.

• Capital Foods Pvt. Ltd. – The company offers noodles under the brand name Ching’s Secret.

• CJ CheilJedang Corp. – The company offers noodles such as spicy ramen, vegan ramen, miso ramen, and teriyaki noodle bowl.

• Conagra Brands Inc.

• House Foods Group Inc.

• ITC Ltd.

• Mandarin Noodle

• Nestle SA

• Nissin Foods Holdings Co. Ltd.

• NONGSHIM AMERICA, INC.

• Noodles and Co.

• Ottogi Co. Ltd.

• PT INDOFOOD SUKSES MAKMUR Tbk

• QQ Famous Noodles

• Sanyo Foods Corp. of America

• Thai President Foods Public Co. Ltd.

• Uni President Enterprises Corp.

• Unilever PLC

To gain access to more vendor profiles with their key offerings available with Technavio, Download our FREE PDF Sample Report 

Key Market Dynamics

• Market Driver: The increasing demand for regional and ethnic cuisines is driving the market growth. The growth in demand for Asian cuisine in the food service sector has encouraged retailers to stock a wide variety of noodles. The demand for noodles that have Italian flavors has also surged. Moreover, the millennial population prefers different flavors in food products. Korean, Chinese, Southeast Asian, and Vietnamese food is popular among millennials. Hence, the increasing demand for regional and ethnic cuisines is expected to fuel the growth of the global noodles market during the forecast period.

• Market Challenge: The fluctuating raw material prices are challenging the global noodles market growth. The prices of raw materials, such as wheat, aluminum, and paper, are volatile based on availability. In addition, the widening gap between supply and demand has increased the costs of raw materials. Any rise in the price of raw materials increases the manufacturing cost of packaging, which lowers the profit margins of vendors. Manufacturers are experimenting with low-cost substitutes to remain competitive in the market, which can compromise the quality of the product. Moreover, raw material suppliers can raise prices based on demand, which increases the manufacturing cost. These factors are limiting the growth of the global noodles market.

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Market Segmentation

By product, the instant noodles segment will be a significant contributor to market growth during the forecast period. Consumers prefer instant noodles owing to their low cost and variety of flavors. Market players have introduced new varieties to cater to changing customer tastes. These factors are fueling the growth of the segment during the forecast period.

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By geography, APAC will be the leading region with 80% of the market’s growth during the forecast period. China, Japan, and India are the key countries for the noodles market in the region. The growth of the market in APAC will be driven by factors such as the increasing demand for regional and ethnic cuisines. However, market growth in this region will be slower than the growth of the market in other regions.

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Key Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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