Noodles Market Projected to Reach USD 16.78 BILLION IN 2023 – MarkNtel

MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Noodles Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.

The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.

Analysis and Insights into the Noodles Market: 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.

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What are the primary factors driving the growth of the Noodles market?

Global Noodles Market Driver: Growing Tourism & Expansion of Restaurant Chains to Drive Market Growth 

The growing tourism sector, particularly in countries such as South Korea, China, Singapore, the US, India, etc., has positively impacted the demand for noodles in the past years. With the growing disposable income and the presence of various tourist destinations in these countries, these are witnessing an influx of various tourists around the year. Hence, with the rising number of tourist arrivals across the countries, there is an expansion in the number of restaurants and cafes. In 2024, the Boon Group announced the opening of an Asian restaurant at Blossom Houston in Texas. In the food service sector, the growing restaurant revolution has led to the opening of new food outlets, advanced restaurants, and affordable pricing strategies. One of the primary and affordable food items on the menu is noodles and its-relatable dishes like soupy noodles, Egg Noodles, Rice Stick Noodles, etc. Hence, this is expected to drive the market growth during the forecast period as well.

Noodles Market Segmentation:

The Noodles market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.

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 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

Geographical Analysis into the Noodles Market:

• 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

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/noodles-market.html                          

Competitive Landscape and Noodles Market Share Analysis:

The competitive landscape of the Noodles market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.

The report features major players including:

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.)

Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.

Questions Addressed in this Study

• What factors are driving the Noodles Market growth?
• How is the Noodles Market expected to grow over the next five years?
• What are the key insights into the current trends in the Noodles Market?
• What is the current size of the Noodles Market, and how is it projected to change in the future?
• What is the future outlook for the Noodles Market in terms of technological advancements and market expansion?

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.

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