In 2018, the global instant noodle market size reached $ 42.2 billion. Business value expecting to exceed $ 57.5 billion by 2024, with an estimated CAGR of 5.2 per cent between 2019 and 2024. The world's leading instant noodle companies continue to invest in various R&D initiatives to expand their product portfolios and attract consumers wider according to the IMARC Group report. To optimize the market share of their products, industrial manufacturers follow innovative and distributive strategies. Although instant noodles are available in a wide variety, start from vegetarian and non-vegetarian options, to fulfil changing tastes and desires of consumers, manufacturers are frequently experimenting with new natural flavours, characteristics and textures. Besides, to gain a market advantage over its competitors, domestic and international companies employ breakthrough and distributive tactics.
Here are eight of the most famous instant noodle companies in the world you may not know yet:
- Nissin foods
The famous producers of instant noodles and other instant foods, including cereals, frozen food, confectionery and beverages in Japan is Nissin Food. The company was founded in 1948 markets its instant noodle products, such as Cup Noodles, Top-Ramen, Souper Meal, Nissin Raoh, and UFO, among several others, under many names. In 2018, this company's annual revenue reached $ 4.06 billion. They also have around 2,200 workers in various regions of Asia, America, and Europe.
Indofood is an Indonesian company operating around for 30 years. This company produce instant noodles, cooking spices, cereals, biscuits, snacks, and cooking oil. Indomie, Supermi, Sarimi, Pop Bihun, Sakura, and others are the Indofood instant noodle brands. The company's annual income in 2018 was $ 5.26 million, including nearly 91,217 staff and distribution networks in 60 countries worldwide.
- Nestlé S.A.
Various cereals, instant noodles, confectionery, nutritious products and milk, and ready meal are Nestlé products. This company produce more than 2000 brands, such as Nescafé, Maggi, Haagen-Dazs, Kit-Kat, DiGiorno, Perrier, and many more. Their famous instant noodles are available in various flavours, such as Maggi 2-Minute Noodles and Maggi Cup Noodles. In 2018, with more than 308,000 workers working in 190 countries worldwide, net income totalled $ 94.1 billion.
- Ajinomoto Co. Inc.
Ajinomoto is a Japanese food and biotechnology company that produces, flavourings, processed food, cooking oil, frozen food, beverages, amino acids, and pharmaceutical products. Under brands such as Masako, Aji-ngon, MID, Vono, Ginisa, Sam Smak and others. In 2018, they managed more than 34,504 employees from about 35 countries around the world, the company's net sales totalled $ 10.4 billion.
- Campbell Soup Company
The Campbell Soup Company sells a wide variety of soups and fast food dinners, pasta, baked goods, beverages, and snacks. Campbell's, Goldfish, Lance, Pacific Foods, Milano, Cape Cod, Farmhouse, Plum Bioics etc., are companies brand products under different names. In 2018, the company posted net revenues of $ 8.7 trillion, with approximately 23,000 employees in 160 worldwide.
- Toyo Suisan Kaisha Ltd.
Toyo Suisan Kaisha (TSK) is the company with various instant noodles, frozen food, soup, rice, ham, dishes and other food products. Their product names, such as Maru-chan, Red Fox, Green Raccoon, Maruchan Qtta, Maru-chan-ya-soba, Cup Yakisoba, Marut's Wontons and others. In 2018, the company's net income was around $ 3.4 billion, including $ 1.03 million in the domestic noodle market. The company has 4,732 employees across the United States, Korea, Mexico, Taiwan, and China.
- Uni-President Enterprises Corp.
The Uni-President sells mainly food processing, retail, shipping and logistics, etc. Instant noodles, dairy, non-alcoholic drinks, meat, bread, vegetable oils, pet food, and various frozen foods are their subsidiary's product. This company can earn approximately $ 14.3 trillion and employing around 30,000 workers in 2018.
- ITC Limited
ITC is an Indian conglomerate company, primarily engaged in fast-moving packaging, paperboard, and agricultural enterprises. Their FMCG brands including Aashirvaad, Sunfeast, Yippee!, Bingo, ITC Chef Master, Fabelle and Sunbean. This company has 34,000 employees, and more than 200 factories with a total sales value are nearly $ 10.8 trillion.
People say that instant noodle is a mind-blowing invention in history. Instant noodle fans keep increasing every year. Calling out all Instant Noodle lovers do you familiar with all the companies above? and which instant noodle brand you like the most?