Top Companies in Noodles Market | Industry Top Major Players Comprehensive Research Study by Vantage Market Research
Noodles are a type of food made from unleavened dough that is flattened and cut, expanded, or extruded into long strips or strings.
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Market Overview:
The Global Noodles Market is valued at USD 16.5 Billion in the year 2021 and is projected to reach a value of USD 20.2 Billion by the year 2028. The Global Market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 3.5% over the forecast period. Nowadays, the people and attracting more to convenient food products over traditional food. This is owing to their busy lifestyle, hectic work schedule, and availability of several convenient food products as alternatives. Additionally, the presence of several options among flavors, brands, and raw materials is further contributing to increasing the adoption of noodles. Moreover, the easy-to-make procedure, instant preparation, longer shelf-life, and wider availability in the global marketplace are some other factors increasing the demand for the noodles market. The surge in a number of distribution channels such as supermarkets and hypermarkets, convenience stores, specialist retailers, online stores, and others is increasing the demand for noodles. In addition, the mounting number of restaurants, hotels, and street food courts is further boosting the demand for noodles. Ultimately driving the market growth over the forecast period.
List of Top Market Players in noodles market:
|
Company Name |
Revenue in USD |
|
$4 Billion |
|
$87 Billion |
|
$7 Billion |
|
$57 Million |
|
$9 Billion |
|
$56 Million |
|
$8 Billion |
|
$5 Billion |
|
$5 Million |
|
$1 Billion |
Nissin Foods is Japan's one of the largest instant noodle manufacturers and was the first in the world to invent and launch instant noodles. It also invented the first instant noodle product in cup containers. Cup Noodles is its global brand, marketed in Asia, the Americas, and Europe. Instant noodles account for more than three-fourths of group sales and 80% of operating profits, while Japan remains the key contributor, representing roughly 75% of group sales and 85% of profits. Other products include frozen/chilled noodles, confectionery, and lactic acid drinks.
Headquartered in Switzerland, the company was founded in 1865. Nestle is the largest food and beverage manufacturer in the world by sales, generating more than CHF 90 billion in annual revenue. Its diverse product portfolio includes brands such as Nestle, Nescafe, Perrier, Pure Life, and Purina. Nestle also owns just over 23% of French cosmetics firm L'Oreal. The company has a vast portfolio of global products, with 34 brands each achieving more than CHF 1 billion in sales annually and a geographic presence that spans 189 countries.
ITC Ltd is an Indian conglomerate that primarily operates in the consumer goods space, particularly cigarettes. The company operates in four main business segments: Fast Moving Consumer Goods; Hotels; Paperboards, Paper, and Packaging; and Agri-Business. Roughly three-quarters of the company's total revenue comes from the Fast Moving Consumer Goods Business, which is dominated by cigarettes but also includes branded packaged foods, personal care products, and other categories. The company generates the vast majority of its revenue in India.
Manufacturer and distributor of packaged food products based in Mumbai, India, and were founded in 1995. The company offers food products across categories like frozen food, ready-to-eat, instant snacking, cook ups and spices, and condiments for a variety of ethnic cuisines such as Chinese, Thai, Italian, Indian and European, enabling the customers to enjoy the flavor and taste of good food.
Founded in 1909, Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents more than three-fourths of group sales and 80%-plus of profits with roughly half generated overseas. Animal nutrition, healthcare, and specialty chemicals make up the balance of its business portfolio.
Established on December 15, 1993, and officially put into operation in 1995, the company is one of the leading general food companies in Vietnam and specializes in providing high-quality and nutritious instant products. ACECOOK VIETNAM JOINT STOCK COMPANY is located in Ho Chi Minh, Ho Chi Minh, Vietnam, and is part of the Other Food Manufacturing Industry. There are 33 companies in the ACECOOK VIETNAM JOINT STOCK COMPANY corporate family.
Headquartered in Camden, NJ, United States, the company was founded in 1869. Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products. The Company's core divisions include soups and sauces, biscuits and confectionery, and food service. Campbell's distributes its products worldwide. The firm's product assortment includes well-known brands like Campbell's, Pace, Prego, Swanson, V8, and Pepperidge Farm.
Founded in 1990, PT Indofood Sukses Makmur (Indofood) is one of the world's largest makers of instant noodles, also called ramen. The Indonesian company also makes infant cereals, sauces, seasonings, snack foods, cookies and crackers, cooking oils, and margarine for the retail and foodservice sectors. Its Supermi, Sarimi, and Sakura brands of ramen are available in some 150,000 Indonesian retail food outlets. Its Bogasari unit is a major flour miller. It also boasts large oil palm plantation holdings and owns packaging and distribution firms. Its instant noodle and seasonings unit is planning to IPO.
Aico Foods Limited is a Public incorporated on 26 December 1995. It is classified as a Non-govt company and is registered at the Registrar of Companies, Ahmedabad. The company manufactures packaged food products. The Company produces and supplies a range of snacks including chips, candies, sweets, instant noodles, energy drinks, and processed food products. Aico Foods serves customers in India.
Founded in 1994, and headquartered at Jongno 33-Gil, Jongno-gu, Seoul, 03129, South Korea, Samyang Corporation operates as a diversified company. The Company focuses on chemicals including engineering plastics with products such as industrial fibers, plastic bottles, ion exchange resins, and also foodstuffs sector, including sugar, flour, baking mixes, vegetable oils, margarine, and shortening. Samyang Corporation markets its products throughout South Korea.
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