Chilled Noodles Market - Forecast(2024 - 2030)

Chilled Noodles Market size is estimated to reach $17.28 billion by 2026, growing at a CAGR of 2.9% during the forecast period 2021-2026. Chilled noodles are instantly prepared noodles that require refrigerated storage. Chilled noodles are increasingly being adopted among the working population across the world owing to the growing demand for frozen foods among the young population and the rise in product launches with innovative flavors. The rise in the availability of soba noodles in supermarkets in developed nations, increase in the demand for convenience foods, rise in the adoption of sesame noodles made with unleavened dough, increase in the inclination of customers towards ready-to-eat products, and the growing investment by the key players to develop quality chilled noodles are the factors that are set to drive the growth of the Chilled Noodles Market for the period 2021-2026.

The report: “Chilled Noodles Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Chilled Noodles Market.

By Type: Egg Noodles, Soba Noodles, Ramen Noodles, Sesame Noodles, Udon Noodles, and Others.

By Distribution Channel: Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others.

By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

The Chilled Noodles Market based on the Type can be further segmented into Egg Noodles, Soba Noodles, Ramen Noodles, Sesame Noodles, Udon Noodles, and Others. The Soba Noodles segment held the largest share owing to the factors such as the increase in the availability of soba noodles in supermarkets and the rise in the product launches by the key players. The growing demand for noodles made from buckwheat flour is driving the growth of the Chilled Noodles Market. The Sesame Noodles segment is estimated to be the fastest-growing segment with a CAGR of 3.3% over the period 2021-2026. This growth is owing to the factors such as the growing adoption of chow mein noodles in developed nations and the increase in the consumer inclination towards Chilled Noodles.

The Chilled Noodles Market based on the Distribution Channel can be further segmented into Supermarkets/Hypermarkets, Online Channels, Convenience Stores, and Others. The Supermarkets/Hypermarkets segment held the largest share in 2020 owing to the factors such as the cost-effectiveness and the availability of a wide range of soba noodles and sesame noodles with different brands and prices ranges. The presence of distinct product shelves coupled with attractive schemes in supermarkets is driving the growth of the Chilled Noodles Market. The Online Channels segment is estimated to be the fastest-growing segment with a CAGR of 3.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for digitalized shopping experiences among the customers and the growing demand for door-stop delivery.

The Chilled Noodles Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Asia-Pacific held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the adoption of sesame noodles made with unleavened dough and the increase in the product launches by the key players. The growing demand for instant chilled noodles among the young population is driving the growth of the Chilled Noodles Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the increase in the adoption of soba noodles in developed nations and the growing investment by the key players to develop high-quality chilled noodles.

Customers across the world are increasingly shifting towards convenience foods owing to the growing inclination towards a sedentary lifestyle and the rise in the disposable income of individuals. The key players across the world are developing chilled noodles, such as soba noodles and sesame noodles that are made from unleavened dough to meet the increasing demand from consumers, which is one of the major factors driving the growth of the Chilled Noodles Market.

The young population across the world is increasingly shifting towards instant chilled noodles as they do not any require any additional preparation and expertise. Moreover, the key players across the world are launching instant chilled noodles with innovative flavors, which is further propelling the growth of the Chilled Noodles Market.

The key players in the market are increasing their investment to carry out various research and development activities for developing quality sesame noodles and soba noodles. However, the growing awareness about the negative health impacts of chilled noodles is one of the major factors that is estimated to reduce the growth of the Chilled Noodles Market.

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Chilled Noodles Market. Key companies of this market are Nestle SA, CG Foods India, Hindustan Unilever Ltd, Capital Food India Ltd, Ajinomoto Co. Inc, Nissin, Patanjali, GSK Consumer Healthcare Ltd, ITC Ltd, and Inbisco India among others.