Asia Pacific Instant Noodles Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation
Asia Pacific Instant Noodles Market was valued at USD 20.66 billion in 2021. The Asia Pacific Instant Noodles Market size is estimated to grow at a CAGR of 5.9 % over the forecast period.
Format : PDF | Report ID : SMR_966
Asia Pacific Instant Noodles Market Definition:
The Instant Noodles Market is growing as a result of expanding trends in the consumption of convenience meals because of its multiple benefits. Furthermore, due to the availability of a package structure that is simple to use and keeps the noodles for a longer period, the entire Instant Noodles market is expected to rise in value over the research period. Furthermore, markets are investigating various new flavors from various countries and selling them to a specific regional market, which is prospering the Instant Noodles Market Growth.
Further, Asia Pacific Instant Noodles market is segmented by Type, Packaging, Raw Material, Distribution Channel, and geography. On the basis of Type, Asia Pacific Instant Noodles market is segmented under Chicken, Vegetable, Sea Foods, and Others. Based on the Packaging, Asia Pacific Instant Noodles market is segmented under the channels of Six Pack, Four Pack, Single Pack, and other. Based on the Raw Material, Asia Pacific Instant Noodles market is segmented under the channels of Oats, Rice, Wheat, and others. Based on the Distribution Channel, Asia Pacific Instant Noodles market is segmented under the channels of Nonstore and Store based. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Asia Pacific Instant Noodles COVID 19 Insights:
The breakout of COVID-19, the Indian government's subsequent measures have resulted in the severe shutdown of markets in order to implement social distancing. Consumers favoured home-cooked meals and kept necessary food items, such as quick foods, in large quantities at home. Even after the epidemic, people's preference for home-cooked meals is expected to remain high. Nissin food holdings cooperative limited, the company's sales revenue and operational profit increased somewhat in the first quarter of 2020 compared to the previous year. Furthermore, the company has stated that during the pandemic, individuals preferred to stay at home, which has boosted the market and is likely to continue to do so in the coming years.
Asia Pacific Instant Noodles Market Dynamics:
Market Drivers: Individuals' hectic work schedules are driving up demand for ready-to-eat food products that are easy to prepare and consume. As a result, consumers have grown increasingly interested in convenient foods, which have various advantages such as fast appetisers, longer shelf life, and availability. Instant noodles are one of the most popular snacks, and they're getting a lot of momentum around the world, which will raise the market revenue in Asia Pacific Instant Noodles market during the forecast period.
Market Restraints: Despite the product's pleasant taste and ease of use, it is noted that it provides little nutritional value to users. It has a high fat and carbohydrate content, which acts as a constraint, especially for obese people in Asia Pacific instant noodles market. Consumers have been forced to restrict their consumption of such products due to increased awareness and health concerns about obesity and diabetes. Its intake is positively connected with obesity and cardio-metabolic syndrome, which is further delaying the product's total consumption in the marketplace.
Market Opportunities: Manufacturers have had more commercial opportunities because of the recent development of instant noodles with healthy ingredients. Market leaders are offering new and unique flavors, which are expected to raise the Asia Pacific Instant Noodles Market Size during the forecast period. Furthermore, Asia Pacific Instant Noodles Market is extending its potential as a result of increased marketing spending during the research period. As a result, marketing and promotional efforts are rapidly expanding.
Market Challenge: The middle and lower-middle classes account for a considerable portion of the population. As a result, price sensitivity has a significant impact on the growth of the Asia Pacific instant noodles sector in the Asia Pacaific region. Unless they see them in their local store, most individuals in rural areas are ignorant of the numerous brands available. As a result, the lack of a well-established distribution network poses a barrier to the Asia Pacific instant noodles market.
- November 2020: Sunfeast YiPPee!, one of India's most popular instant noodle brands, has proved its commitment to innovation in the instant noodle category by developing Quik Mealz, a novel consumer experience that offers noodles in a bowl.
- February 2021: Marico Limited, an Indian multinational consumer goods company, entered the instant noodles market with the introduction of "Saffola Oodles." The first e-commerce sites to provide these products in India were Saffola Stores, Amazon, Flipkart, BigBasket, and Grofers.
Asia Pacific instant noodles market dominated the highest market share in 2021. Asia Pacific instant noodles market was estimated to be worth USD 44.38 billion in 2021. The region's market boom is fuelled by the region's huge consumer base and rising disposable incomes, which allow individuals to spend on a variety of foods. Consumers in the region are willing to pay a higher price for convenience foods in order to save time and improve general well-being by skipping traditional cooking. Instant noodles are one of the most popular convenience foods. Their demand is rapidly growing in the region's heavily populated countries, such as China, Indonesia, and India.
China's consumption of the product has expanded dramatically as a result of key players' investments and developments. Some of the primary variables that are expected to enhance the consumption of the product in the market are the expanding working population, active young groups, and an increasing number of the female working population.
Asia Pacific Instant Noodles Market Segment Analysis:
The market is segmented into chicken, vegetable, seafood, and other categories, with the use of chicken in the manufacturing process having a favorable impact due to its taste and price. In the last 30 years, the demand for chicken products has skyrocketed. Consumers are focusing on effective health management as well as delectable taste, with the chicken variety proving to be a better meal option with a good amount of protein, carbs, and other nutrients. Seafood is expected to be the fastest-growing segment of the market, owing to rising demand for nutritious foods, as well as lower pricing and more readily available raw resources. Vegetable quick noodles are expected to grow in popularity due to current natural and vegan market trends.
By Raw Material,
Wheat and wheat flour consumption has increased significantly in the Asia Pacific food market during the previous few decades. Wheat flour's widespread availability across the supply chain, as well as its digestive qualities and high iron, calcium, vitamin, and other nutritional content, have encouraged people to include wheat-based products in their regular diets. Consumer awareness of the benefits of oats and rice, on the other hand, will boost the overall market's growth.
Asia Pacific Instant Noodles Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Asia Pacific Instant Noodles market to the stakeholders in the market. The report provides trends that are most dominant in the Asia Pacific Instant Noodles market and how these trends will influence new market investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Instant Noodles Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Asia Pacific Instant Noodles market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the market and market growth through the forecast period. The report also includes the competitive landscape of key players in the market along with their recent developments in the Asia Pacific Instant Noodles market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Instant Noodles market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Instant Noodles market. The report also analyses if the Asia Pacific Instant Noodles market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Instant Noodles market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Instant Noodles market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Instant Noodles market is aided by legal factors.
Asia Pacific Instant Noodles Market Scope:
Asia Pacific Instant Noodles Market
By Raw Material
by Distribution Channel
Market Size in 2020:
USD 20.66 Billion
Market size in 2027:
USD 29.14 Billion
Asia Pacific Instant Noodles Market Key Players:
- M/S United Food & Beverages (India)
- Synnergy io Foods (India)
- Deyang ASNN Spring Industrial Ltd (China)
- MianYang Win-Win Agri Tech (China)
- Perennial Trade Link Pvt Ltd (India)
- Magic Food India(India)
- Spices & Seasoning ( Malaysia)
- Oasis Trading (Malaysia)
Frequently Asked Questions
The segments covered in the Asia Pacific Instant Noodles Market report are based on Type, Raw Material, Distribution Channel, and Packaging.
The market size of the Asia Pacific Instant Noodles Market by 2027 is expected to reach USD 29.14 Billion.
The forecast period for the Asia Pacific Instant Noodles Market is 2022-2027.
The market size of the Asia Pacific Instant Noodles Market in 2021 was valued at USD 20.66 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Asia pacific Instant Noodles Market: Target Audience
- Asia pacific Instant Noodles Market: Primary Research (As per Client Requirement)
- Asia pacific Instant Noodles Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Asia Pacific Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Growth Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Market: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Asia pacific Instant Noodles Market Segmentation
- Asia pacific Instant Noodles Market, by Type (2021-2027)
- Sea Foods
- Asia pacific Instant Noodles Market, by Packaging (2021-2027)
- Six Pack
- Four Pack
- Single Pack
- Asia pacific Instant Noodles Market, by Raw Material(2021-2027)
- Asia pacific Instant Noodles Market, by Distribution Channel (2021-2027)
- Store Based
- Asia pacific Instant Noodles Market, by Country (2021-2027)
- Rest of Asia Pacific
- Asia pacific Instant Noodles Market, by Type (2021-2027)
- Company Profiles
- Key Players
- Perennial Trade Link Pvt Ltd
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- M/S United Food & Beverages
- Synnergy io Foods
- Deyang ASNN Spring Industrial Ltd
- MianYang Win-Win Agri Tech
- Spices & Seasoning
- Oasis Trading
- Magic Food
- Perennial Trade Link Pvt Ltd
- Key Players
- Key Findings