Ramen Noodles Market to Grow at USD 94.1 Billion, Forecasting a 5.11% CAGR | Marketresearch.biz

Advertisement

MarketResearch.biz reports that from diverse flavors to regional variations, the ramen market caters to every taste. Instant ramen’s popularity soars with quick and easy preparations, meeting the demands of customers for both convenience and deliciousness.

New York, Feb. 20, 2024 (GLOBE NEWSWIRE) — In 2023, The global ramen noodles market, valued at USD 57.92 billion in 2023, is poised to reach USD 94.1 billion by 2033, driven by a noteworthy 5.11% compound annual growth rate.

Manufacturers respond to changing customer preferences and health trends by introducing healthier noodle options. A report from the World Obesity Organization highlights a concerning global rise in obesity levels, pushing manufacturers to innovate healthier ramen alternatives. Health-focused initiatives include the introduction of vitamins, calcium, iron, and other nutrients, with some catering specifically to vegan diets.

To get additional highlights on major revenue-generating segments, Request a Ramen Noodles Market sample report at https://marketresearch.biz/report/ramen-noodles-market/request-sample

In response to evolving dietary demands, a Tastewise report notes that 2.35% of food restaurants include ramen noodles on their menus, with a growing demand for innovative, nutritious, and personalized food products. Manufacturers are addressing this by launching gluten-free, sun-dried, and air-fried ramen options, aligning with consumers’ cravings for both flavor and health benefits. As ramen continues to enjoy global popularity and meet diverse consumer demands, the market is poised for significant expansion in the coming years.

Key Takeaways

  • The supermarket/hypermarket dominates the distribution market segment due to its wide range of product offerings, competitive pricing, and the physical accessibility of these stores to the general population.
  • The chicken flavor leads the flavor market segment due to its familiar and comforting taste, making it a staple choice for many consumers.
  • Packets rule the packaging market segment due to their affordability, convenience, and wide availability.
  • The household segment holds a strong position in the end-user market segment due to its convenience, affordability, and ease of preparation.
  • Asia Pacific dominates the global ramen noodles market with a 39% share, driven by cultural affinity, economic factors, and a mature manufacturing ecosystem.

Driving Factors

A rise in Personalization will encourage the market to expand

Ichiran Ramen is a solid example of the customization of ramen noodles, as it permits patrons to tailor their meals to their specific preferences. This level of customization enriches the consumer’s interaction with the product, fostering a deeper connection and satisfaction. The emphasis on individualized culinary experiences reflects a broader industry movement towards accommodating diverse consumer tastes and preferences, further stimulating market growth.

Easy to use drives the ramen market

The demand for convenient meal solutions has risen due to the evolution of fast-paced lifestyles. In 2022, the global consumption of instant noodles soared to a record 121.2 billion servings, evidencing a notable upsurge of approximately 2.6% from the preceding year, as highlighted by the World Instant Noodles Association. This has been attributed to shifting dietary preferences, where ramen noodles, with their minimal preparation time, cater adeptly to the accelerated rhythms of contemporary life, underscoring the product’s integral role in meeting the modern consumer’s culinary exigencies.

To understand how our report can bring a difference to your business strategy, Inquire about a brochure at https://marketresearch.biz/report/ramen-noodles-market/#inquiry

Restraining Factors

Various types pf health issues limit the market growth

High in sodium and often laden with preservatives and monosodium glutamate (MSG), ramen noodles are increasingly scrutinized by health-conscious consumers. The dietary choices of a growing segment of the population that prioritizes nutritional value over convenience have led to a reduction in ramen noodle consumption or a complete avoidance of the product. Such health concerns directly impact the market’s growth as consumers look for healthier meal solutions that do not compromise their dietary goals.

Growth Opportunities

Innovation has given rise to new opportunities

Brands like Nissin Cup Noodle are leading the charge with unique flavor combinations such as seafood, imitation crab meal, pork stock, green onion, scrambled eggs, miso soup, and European cheese curry. It has catered to the evolving consumer demand for variety and gourmet experiences within the convenience food sector. By stepping beyond traditional flavors to embrace global culinary trends, ramen noodle brands can attract a broader consumer base, including those in search of new taste experiences and culinary adventures, thereby expanding market reach and consumer engagement.

Have Queries? Speak to an expert or To Download/Request a Sample, Click here.

Report Attribute Details
Market Value (2023) US$ 57.92 Billion
Market Size (2033) US$ 94.1 Billion
CAGR (from 2024 to 2033)  5.11% from 2024 to 2033
Asia Pacific Region Revenue Share 39%
Historic Period 2016 to 2023
Base Year 2023
Forecast Year 2024 to 2033

Regional Analysis

Asia Pacific dominates the global ramen noodles market with a 39% share, driven by cultural affinity, economic factors, and a mature manufacturing ecosystem. In countries like Japan, South Korea, and China, cultural roots fuel robust demand, while a growing middle class with increased disposable incomes favors convenient yet culturally resonant food options. Urbanization further boosts the region’s dominance, with instant ramen becoming a staple in the fast-paced urban lifestyle. Meanwhile, North America experiences a rising appetite for ramen, driven by multicultural demographics and a premiumization trend. In Europe, curiosity about Asian cuisines fuels demand, but cultural adaptation and competition with traditional foods pose challenges.

Segment Analysis

By distribution type, the supermarket/hypermarket dominates the market segment due to its wide range of product offerings, competitive pricing, and the physical accessibility of these stores to the general population. Online retail has been growing steadily, driven by the convenience of home delivery and the availability of niche products. Specialty stores cater to consumers looking for gourmet or imported varieties of ramen noodles, offering a curated selection not commonly found in larger retail outlets.

By flavor analysis, the chicken flavor leads the market segment due to its familiar and comforting taste, making it a staple choice for many consumers. Vegetarian ramen caters to the growing segment of health-conscious and plant-based diet followers, offering alternatives without compromising on flavor. Despite the availability and popularity of these other flavors, chicken remains the leading choice, underpinned by its broad appeal and established presence in the market.

By packaging type, packets rule the market segment due to their affordability, convenience, and wide availability. The packaging’s lightweight nature and compact design also facilitate easy storage and transport, making it a favored choice for both households and food service providers. Cup or bowl ramen provides the added convenience of serving as both the packaging and the eating vessel, appealing to those with on-the-go lifestyles or limited access to kitchen facilities. Tray ramen typically targets the food service sector, offering a ready-to-serve option that reduces preparation time.

By end-user analysis, the household segment holds a strong position in the market segment due to its convenience, affordability, and ease of preparation, making it a popular choice for quick meals, snacks, and even creative home-cooked dishes. Food service establishments, including restaurants and cafeterias, incorporate ramen noodles into their menu offerings, capitalizing on the growing consumer interest in Asian cuisine and noodle-based dishes. The industrial segment, though smaller, includes the use of ramen noodles in ready-to-eat meals and other processed food products.

For more insights on the historical and Forecast market data from 2016 to 2033 – download a sample report at https://marketresearch.biz/report/ramen-noodles-market/request-sample/

Segments covered in this report

Distribution Channel

  • Supermarkets/Hypermarkets
  • Online Retail
  • Specialty Stores
  • Others

Flavor

  • Chicken
  • Beef
  • Seafood
  • Vegetarian
  • Others

Packaging Type

  • Packets
  • Cup/Bowl
  • Tray
  • Others

End User

  • Household
  • Food Service
  • Industrial

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Grow your profit margin with Marketresearch.biz – Purchase This Premium Report at https://marketresearch.biz/purchase-report/?report_id=29785

Competitive Landscape Analysis

In the dynamic ramen noodles market, key players shape consumer preferences and industry trends. Nissin Foods, the instant ramen pioneer, leads with innovative flavors and packaging for a global audience. Maruchan follows suit, tailoring a diverse product range to American taste preferences and emphasizing convenience. Samyang Foods capitalizes on the global spice trend with its fiery “Hot Chicken Flavor Ramen,” while Nongshim solidifies its position through premium offerings, highlighting authentic Korean flavors. Together, these companies drive the cultural richness and evolution of the global ramen noodle industry.

Key Players

  • Nissin Foods
  • Maruchan
  • Samyang Foods
  • Nongshim
  • Ottogi
  • Sapporo Ichiban
  • Indomie
  • Myojo
  • Acecook
  • Koka
  • Mama
  • Vedan
  • Paldo
  • Bachelors
  • Nissin-Universal Robina Corporation

Recent Developments

  • In September 2023, CG Foods, a company that manufactures instant noodles in Nepal, invested more than USD 16.93 million to support capacity expansion in India. The company has production facilities situated in Guwahati, Ajmer, and Andhra Pradesh.
  • In February 2023, Marico Limited, an Indian multinational manufacturer of consumer goods, was the first to enter the instant noodle space with the launch of “Saffola Oodles.” The company initially offered the products on e-commerce platforms such as Saffola Stores, Amazon, Flipkart, BigBasket, and Grofers throughout India.

Browse More Related Reports

Tapioca Market is projected to grow from USD 6.4 billion in 2022 to USD 8.5 billion by 2032, with a CAGR of 3.0%.

Instant Frozen Meals Market is set to expand from USD 47.3 billion in 2022 to USD 110.6 billion by 2032, at a 9.1% CAGR.

Soup Market is expected to reach USD 23.0 billion by 2032 from USD 17.6 billion in 2022, industry grow at a 2.8% CAGR.

Instant Rice Market is forecasted to increase from USD 1.8 billion in 2022 to USD 3.1 billion by 2032, with a 5.9% CAGR.

Tofu Market is anticipated to grow from USD 25.8 billion in 2022 to USD 51.3 billion by 2032, achieving a 7.3% CAGR.

About Us:

MarketResearch.Biz (Powered by Prudour Pvt Ltd) specializes in in-depth market research and analysis and has been proving its mettle as a consulting and customized market research company, apart from being a much sought-after syndicated market research report-providing firm. MarketResearch.Biz provides customization to suit any specific or unique requirement and tailor-made reports as per request. We go beyond boundaries to take analytics, analysis, study, and outlook to newer heights and broader horizons.

Follow Us on LinkedIn: https://www.linkedin.com/company/marketresearch-biz/
Follow Us on Facebook: https://www.facebook.com/marketresearch.biz
Follow Us on Twitter: https://twitter.com/PrudourResearch

CONTACT: Global Business Development Team – MarketResearch.biz MarketResearch.biz (Powered By Prudour Pvt. Ltd.) Email: [email protected] Address: 420 Lexington Avenue, Suite 300, New York City, NY 10170, United States Tel: +1 347 796 4335 Website: https://marketresearch.biz/

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. AfternoonHeadlines.com takes no editorial responsibility for the same.

Advertisement