Noodles Market to Witness a Healthy CAGR of 3.42% with USD 21.32 billion by 2030

Market Insights and Analysis: Global Noodles Market Overview and Projections (2024-2030)

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.

Top leading companies in the Noodles Market includes:

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., and Others (Capital Foods Pvt. Ltd., etc.)

Recent Developments:

  • In 2024, Lotus Foods introduced an enhancement to their Organic Asian Rice Noodle Line with two even better Pad Thai Rice Noodles in traditional and brown rice varieties.
  • In 2023, Nissin launched the all-new fusion noodle flavors, Manchurian and Schezwan. Also, Nissin Geki Noodles, a new brand of Korean noodles, was introduced in the same year.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Type

-Dried

-Instant

-Frozen

  • The instant segment holds a major share of the Global Noodles Market.

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

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Noodles Market Geographic Reach:

The Geographic Reach of the Noodles Market evaluates the spread and significance of Noodles market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

  • North America: The US, Canada, Mexico
  • South America: Brazil, Argentina, Rest of South America
  • Europe: Germany, The UK, France, Italy, Spain, Rest of Europe
  • Asia-Pacific: China, Japan, India, South Korea, Australia, Rest of Asia-Pacific
  • Middle East & Africa: The UAE, Saudi Arabia, South Africa, Rest of Middle East & Africa

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Posted in Default Category on August 02 2024 at 11:44 PM

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