Saudi Arabia Instant Noodles Market Report and Forecast 2024-2032

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