Market Size of India Instant Noodles Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 15.31 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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India Instant Noodles Market Analysis
The India instant noodles market is projected to grow from USD 1.88 billion in 2023 to USD 3.83 billion by 2028, at a CAGR of 15.31% during the forecast period (2023-2028).
- The outbreak of COVID-19 and the resultant measures imposed by the Indian government resulted in the strict closure of the market to implement social distancing. Consumers preferred home-cooked food and stocked essential items in bulk, especially instant foods. The preference for home-cooked food remained high even in the post-pandemic.
- Over the medium term, the market is driven by the players coming up with a new segment of healthier noodles as the consumers in India have become more health conscious. Also, this has opened an opportunity for the players to tap into the innovation part of making instant noodles with functional benefits. Besides the standard flavors, companies are developing a new range of tastes and flavors, such as Chinese, a mix of masalas, etc. This will increase the demand for instant noodles, especially among the children.
- Moreover, instant noodles made from white flour were considered unhealthy, and players are coming up with noodles made from atta. However, the rising health concern is the major restraint of the market. The harmful ingredients and the availability of other extruded snacks are expected to act as restraints on the market.
