MarkNtel Advisors has recently published a research report that delves into the Noodles Market Research Report: Forecast (2024-2030). This report aims to improve user comprehension and facilitate informed decision-making by thoroughly examining significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges. Utilizing both qualitative and quantitative data, the report provides a comprehensive overview, offering detailed growth prospects and succinct insights into competitors to familiarize both established businesses and newcomers with the current market scenario.
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Noodles Market Insight and Analysis:
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.
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 Industry Segmentation Insights:
-By Type
-Dried- Market Size & Forecast 2019-2030, USD Million
-Instant- Market Size & Forecast 2019-2030, USD Million
-Frozen- Market Size & Forecast 2019-2030, USD Million
– 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
-Vegetarian Noodles- Market Size & Forecast 2019-2030, USD Million
-Non-Vegetarian Noodles- 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 End-Users
-Households- Market Size & Forecast 2019-2030, USD Million
-Restaurants & Food Service- Market Size & Forecast 2019-2030, USD Million
-Travel & Hospitality- Market Size & Forecast 2019-2030, USD Million
-Others – Market Size & Forecast 2019-2030, USD Million
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-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
-Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD Million
-Convenience Stores- Market Size & Forecast 2019-2030, USD Million
-Others – Market Size & Forecast 2019-2030, USD Million
-By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
Top Companies in Global Noodles Market : 2024-2030
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market 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.)
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