Overview of the Global Noodles Market: Key Statistics and Trends:
According to the latest report by MarkNtel Advisors, titled “Global Noodles Market By Type (Dried, Instant, Frozen), By Raw Material (Oats, Rice, Wheat, White Flour, Others (Corn, Millet, etc.)), By Nature (Organic/Vegan, Conventional, (Vegetarian Noodles, Non-Vegetarian Noodles)), By Form (Wide Strip, Narrow Strip, Waves Strip), By End-Users (Households, Restaurants & Food Service, Travel & Hospitality, Others), By Packaging Type (Packets, Cups), By Sales Channel (Online Channel, Offline Channel, (Supermarkets/Hypermarkets, Convenience Stores, Others)), and Others, The Global Noodles Market size was valued at around USD 16.78 billion in 2023 and is projected to reach USD 21.32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 3.42% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Global Noodles Market Growth and Scope:
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 3.42%
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Global Noodles Market Trend:
Plant-Based or Organic Noodles Gaining Traction – There is a surging demand for plant-based foods, fostered by increasing concern regarding health & wellness among consumers who seek to incorporate more natural and less processed foods into their diets. In the current market scenario, the noodles industry has witnessed notable demand for gluten-free, and organic varieties that help in reducing the risks of chronic diseases and improve overall well-being. Plant-based noodles, made from ingredients such as lentils, beans, or whole grains, are perceived as healthier alternatives to traditional noodles that offer higher nutritional value and lower caloric content. Thus, the incorporation of organic supplements has opened up new market avenues for diversifying product offerings with revenue generation for market players such as Lotus Foods, Foodle Noodle, etc.
Additionally, the increasing prevalence of dietary restrictions, allergies, and ethical considerations, such as veganism and vegetarianism, have expanded the demand for vegan options, which plant-based noodles often fulfill. Hence, in recent years, the rise of the clean label movement has encouraged companies to launch simple and recognizable ingredients for organic noodles.
Moreover, consumers’ inclination towards sustainable food choices due to environmental concerns has resulted in the popularity of plant-based noodles. These noodles are considered eco-friendly because they have a lower carbon footprint and are cultivated without synthetic pesticides or fertilizers.
A Comprehensive Analysis of Leading Companies of Noodles Market by MarkNtel Advisors:
- Nissin Foods Holdings Co. Ltd.
- Mandarin Noodle
- Sun Noodle
- Yau Kee Noodles Factory Ltd.
- Sakura Noodle Inc.
- Acecook Vietnam Joint Stock Co.
- Samyang Foods Co., Ltd,.
- Lotus Foods
- Ebro Ingredients (Ebro Foods)
- Nongshim Co., Ltd.
- House Foods Group Inc.
- Ottogi Co. Ltd.
- Nestle SA
- Sanyo Foods Corp. of America
- Thai President Foods Public Co. Ltd.
- Others (Capital Foods Pvt. Ltd., etc.)
Key Noodles Market Segmentation:
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/noodles-market.html
-By Type
- Dried
- Instant
- Frozen
The instant segment holds a major share of the Global Noodles Market. The rising demand for convenience food options among consumers is driven by the heightened need for ready-to-eat and easy-to-prepare meals like noodles.
-By End-Users
- Households
- Restaurants & Food Service
- Travel & Hospitality
- Others
Restaurants, including fast-food chains, casual dining establishments, and fine dining, are significant contributors to the growth of the noodles market.
-By Raw Material
- Oats- Market Size & Forecast 2019-2030, USD Million
- Rice- Market Size & Forecast 2019-2030, USD Million
- Wheat- Market Size & Forecast 2019-2030, USD Million
- White Flour- Market Size & Forecast 2019-2030, USD Million
- Others (Corn, Millet, etc.) – Market Size & Forecast 2019-2030, USD Million
-By Nature
- Organic/Vegan- Market Size & Forecast 2019-2030, USD Million
- Conventional- Market Size & Forecast 2019-2030, USD Million
-By Form
- Wide Strip- Market Size & Forecast 2019-2030, USD Million
- Narrow Strip- Market Size & Forecast 2019-2030, USD Million
- Waves Strip- Market Size & Forecast 2019-2030, USD Million
-By Packaging Type
- Packets- Market Size & Forecast 2019-2030, USD Million
- Cups- Market Size & Forecast 2019-2030, USD Million
-By Sales Channel
- Online Channel- Market Size & Forecast 2019-2030, USD Million
- Offline Channel- Market Size & Forecast 2019-2030, USD Million
Geographical Analysis
-By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Asia-Pacific is emerging as a leader in the Global Noodles Market. Product differentiation is significantly influenced by various factors, such as cultural taste, accessibility, and cost-effectiveness.
Key Reports Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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Key Advantages of the Report by MarkNtel Advisors:
- Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
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- Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.
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