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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Saudi Arabia Instant Noodles Market Size
The global instant noodles market is supporting the growth of the Saudi Arabia instant noodles market. The global industry reached a value of nearly USD 49.06 billion in 2023.
In the forecast period of 2024-2032, the global instant noodles industry is expected to grow at a CAGR of 5%. By 2026, the industry is expected to attain USD 61.4 billion globally.
The industry is being aided by the increasingly fast-paced lifestyle of consumers and the rising consumption of processed foods globally. Globally, instant fried noodles are the most popular type of product, accounting for the majority of the market share. Since these noodles are flash fried, they help in protecting the flavour of the noodles, as well as enhance the shelf life and prevent the growth of bacteria in the product.
The market in Saudi Arabia is being driven by the rising food and beverage industry in the country. The food and beverage industry represents one of the largest shares of the total household spending in Saudi Arabia. The rapidly growing population, along with rising globalisation, of the region is also expected to support the industry growth. Saudi Arabia has the largest population in the GCC region and has an average population growth rate of 3.3% for 29 million people. Over 50% of the population in the country is under the age of 25, which is also a major factor propelling the growth of the industry as the younger consumers in Saudi Arabia are more susceptible to Western consumer trends. The rising fast-food consumption in the country is also aiding the growth of the market. Non-veg instant noodles dominate the industry in Saudi Arabia, especially chicken flavoured noodles, which were introduced in the country by the immigrant household workers from Indonesia.
Indomie noodles, which are produced by a leading key player in the industry, Pinehill Arabia Food Ltd, accounts for the majority of the market share in the industry. Indomie’s market is expected to be around 95% in the Saudi Arabia instant noodles industry. It is guaranteed to be halal and is significantly preferred by the large Muslim population in the country as Saudi Arabia has one of the largest Muslim population globally. The overall instant noodle industry is, thus, also being supported by the rapidly rising demand for halal processed food in the country.
Saudi Arabia Instant Noodles Market Report Snapshots
Saudi Arabia Instant Noodles Market Size
Saudi Arabia Instant Noodles Market Analysis
Saudi Arabia Instant Noodles Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The Saudi Arabia instant noodles market is expected to be driven by the global instant noodles market, which reached a value of about USD 49.06 billion in 2023.
The instant noodles market in Saudi Arabia is likely to be driven by the global industry growth, which is expected to grow at a CAGR of 6% in the forecast period of 2024-2032.
The instant noodles market in Saudi Arabia is anticipated to be aided by the global industry, which is expected to reach a value of about USD 67.69 billion by 2032.
The major market drivers include rising disposable incomes, increasing population, hectic lifestyles, growing product diversification, and a large population of younger consumers.
The growing popularity of non-vegetarian instant noodles, the availability of diverse flavours of noodles, and the ease of preparation and the long shelf life of instant noodles are key trends guiding the market.
Makkah, Riyadh, Madinah, Qassim, and Eastern Province, among others, are the major regional markets of instant noodles in Saudi Arabia.
The various forms of instant noodles in the market are fried noodles and non-friend noodles.
The several types of instant noodles include veg noodles, non-veg, and plain.
The major sources of the product are wheat flour, oats flour, fine wheat flour/maida flour, and rice flour, among others.
The leading players in the market are Pinehill Arabia Food Ltd., Nestle SA, Riyadh Food Pvt. Ltd., and Chaudhary Group, among others.
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