PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1558268
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1558268
According to Stratistics MRC, the Global Ramen Noodles Market is accounted for $58.64 billion in 2024 and is expected to reach $90.28 billion by 2030 growing at a CAGR of 4.6% during the forecast period. Ramen noodles are a type of Japanese noodle made from wheat flour, water, salt, and an alkaline mineral called kansui, which gives them their distinctive texture and yellow colour. They are typically boiled and then served in a broth with various toppings, such as sliced meat, vegetables, and egg. Originating in China and popularized in Japan, ramen has become a global culinary staple.
According to the World Instant Noodles Association, in 2022, the global consumption of ramen noodles reached a record 121.2 billion servings, up 2.6% from the previous year.
Growing demand for quick and easy meal solutions
As lifestyles become increasingly hectic, consumers seek convenient and time-saving food options. Ramen noodles, known for their ease of preparation and quick cooking time, perfectly address this need. Instant ramen, in particular, offers a fast, ready-to-eat meal that requires minimal effort, appealing to busy individuals, students, and working professionals. This demand is further driven by the increasing number of single-person households and urban dwellers with limited time for cooking. As consumer preferences continue to shift toward convenient meal solutions, the ramen noodles market is expected to expand.
Dietary restrictions
Dietary restrictions with ramen noodles arise from concerns over high sodium content, gluten, and artificial additives. Many instant ramen varieties are high in sodium, which poses health risks such as hypertension, while traditional recipes contain gluten, limiting options for those with celiac disease or gluten intolerance. The presence of artificial preservatives and flavor enhancers also deters health-conscious consumers. These factors restrict market growth by excluding certain consumer groups and creating demand for healthier alternatives, which may not yet be widely available.
Expanding e-commerce channels
Online platforms enable ramen brands to reach a broader audience beyond traditional retail locations, catering to both urban and rural areas. E-commerce allows for easy comparison of products, promotional offers, and access to a wider variety of flavours and brands. It also facilitates direct-to-consumer sales, enabling brands to build stronger relationships with their customers and gather valuable market insights. Additionally, online reviews and ratings can boost brand visibility and credibility. The growth of e-commerce, combined with increasing smartphone usage and internet penetration, creates a substantial opportunity for expanding market reach and driving sales.
Supply chain issues
Supply chain issues with ramen noodles often arise from disruptions in ingredient sourcing, manufacturing delays, and logistical challenges. These issues can lead to shortages of raw materials like wheat and packaging supplies, impacting production levels and distribution efficiency. Consequently, retailers may face stock outs, and prices may rise due to increased costs. Such disruptions can hamper market growth by reducing product availability, creating consumer dissatisfaction, and potentially leading to decreased sales.
Covid-19 Impact
The covid-19 pandemic significantly boosted the ramen noodles market due to increased demand for convenient, long-shelf-life foods as people stayed home. Lockdowns and social distancing measures led to a surge in at-home meal preparation, with instant ramen being a popular choice for its ease of preparation and affordability. However, supply chain disruptions and ingredient shortages impacted production and distribution.
The instant ramen segment is expected to be the largest during the forecast period
The instant ramen segment is estimated to be the largest during the forecast period. Instant ramen is a quick and convenient meal option featuring pre-cooked, dried noodles and a flavouring packet. Typically packaged in cups, bowls, or packets, it requires just boiling water to prepare. Known for its affordability and long shelf life, instant ramen is popular worldwide, with a variety of flavours including chicken, beef, and seafood.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the highest CAGR during the forecast period. Ramen noodles are a popular choice for quick, convenient, and budget-friendly meals. They are favored for their ease of preparation, requiring only boiling water for instant versions or a few minutes of cooking for fresh varieties. Residential consumers appreciate the wide range of flavours and packaging options, from single-serving cups to multi-packs. Ramen noodles offer versatility, allowing for customization with added ingredients like vegetables, meats, or sauces to enhance taste and nutritional value.
In the Asia-Pacific region, the ramen noodles market is thriving to have largest share due to strong cultural affinity and high consumption rates. Countries like Japan, China, and South Korea have a rich tradition of ramen, with both instant and fresh varieties being popular. The market benefits from rapid urbanization, rising disposable incomes, and a growing trend of convenient and affordable meals. Innovations in flavours and packaging further drive consumer interest, while the increasing popularity of ramen internationally also supports regional market growth.
In North America, the ramen noodles market is expanding as consumers seek convenient and affordable meal options. The growing trend of diverse and international cuisines has led to increased interest in ramen, with both instant and restaurant-style varieties gaining popularity. Innovations in flavours and health-conscious options, such as low-sodium and organic choices, are attracting a broader audience. The rise in at-home dining and cooking also supports market growth, as ramen offers an easy solution for quick and satisfying meals.
Key players in the market
Some of the key players profiled in the Ramen Noodles Market include Nissin Foods, Nestle, Kikkoman Corporation, Samyang Foods, Ottogi Corporation, Maruchan Inc., Indomie, Myojo Foods, Sapporo Ichiban, Nongshim Corporation, Acecook Vietnam, Universal Robina Corporation, Vitasoy International Holdings Limited, Kabuto Noodles, Mamee-Double Decker and Paldo Corporation.
In July 2024, Nissin Foods announced the new, limited-edition Cup Noodles flavor. The instant ramen was described as a "gooey, sweet noodle experience." Cup Noodles Campfire S'mores transports consumers to a new kind of campfire moment wherever they are by combining the unmistakable blend of decadent chocolate, marshmallow and graham cracker flavors with a smokey note for a truly unique s'mores experience.
In November 2023, Nestle Maggi launched barbeque-flavoured Korean noodles with two flavours: BBQ Chicken and BBQ Veg. They are priced at Rs 60 and Rs 55 respectively for a 90g pack. This launch represents Nestle Maggi's strategic move to diversify its product offerings and cater to evolving consumer tastes in the instant noodle segment.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.