Instant Noodles Market Size

Instant Noodles Market Growth Projections and Opportunities

The worldwide instant noodles market is getting a boost from more and more people living in cities in countries like China, India, and Southeast Asian nations. People love the idea of quick and easy meals, and that's where instant noodles come in. Plus, with more people working, and new and tasty flavors being introduced, instant noodles are becoming a popular choice for many.
Several things are driving this trend. First, there's the concept of 'fast foods,' where people want meals that are quick to prepare. Then, there's the idea of having flavors that are unique to specific regions, adding a bit of local taste to the noodles. Making the noodles more nutritious is also a focus, as people want meals that are not only quick but also good for them. The rise of online shopping is playing a role too, making it easier for people to get their favorite instant noodles.
When we look at the different types of instant noodles, the ones in packets are the most popular. In 2017, the packet segment dominated the market, and by 2023, it's projected to be worth about USD 21,440.7 million, growing at a healthy rate of 2.86%. The cup/bowl segment is also growing and is expected to reach about USD 11,759.5 million by 2023, with the highest growth rate of 3.33%.
Now, when it comes to pack sizes, the single pack is expected to be the leader, reaching a value of about USD 18,901.5 million by 2023 at a growth rate of 3.07%. On the other hand, the four-pack segment is also growing substantially and is expected to be worth about USD 7,708.2 million by 2023, growing at a rate of 3.38%.
In terms of where you can buy these instant noodles, traditional stores are the go-to choice. In 2017, about 73.17% of people bought instant noodles from stores, and this is expected to reach about USD 23,981.0 million by 2023. Online shopping for instant noodles is also on the rise, growing at the highest rate of 3.69% from 2018 to 2023.
So, it looks like the love for quick and easy meals, along with new and exciting flavors, is driving the growth of the global instant noodles market. Whether it's packets or cups, single packs, or four-packs, people are loving the convenience and variety that instant noodles bring to their meals.