Retail Intelligence Mini Report: Instant Noodle

Market Trends: Based on Dec-24 data, the average price of instant noodles varies significantly across the countries analyzed. Germany shows the highest average price at USD 22.39 while China exhibits the lowest average price at USD 4.97. The average price across all countries is approximately USD 14.99. Furthermore, an analysis of average price per unit (100 grams) of instant noodles reveals that Japan exhibits the highest price at USD 4.96/100g, significantly more expensive than other countries in the dataset. Conversely, China displays the lowest average price at USD 0.53/100g. The average price across all countries is USD 2.92/100g. The low price in China likely reflects lower production and labor costs. Conversely, the high prices in Germany, France and Japan suggest a potential grouping of countries, where higher living costs and import tariffs might contribute to elevated prices. The data suggests a strong correlation between average income and instant noodle price, with higher-income countries generally exhibiting higher prices.

Noteworthy Products: In Japan, Holika Foods Protein and Salt Control Noodles appeals to health-conscious consumers who are concerned with high protein and salt contents in traditional instant noodles. With 4.8g of protein per serving, the product provides approximately 45% of the protein found in regular cup noodles. Additionally, it contains about 40% of the typical salt content, appealing to those mindful of their sodium intake.

Industry News: Samyang Foods is poised to become South Korea’s most profitable instant noodle manufacturer in 2024, driven by strong export growth of its Buldak instant noodle series and a strong US dollar. According to the company’s latest regulatory filings, Samyang Foods reported annual revenue of KRW 1.73 trillion(USD 1.19 billion) for 2024, representing a 45% increase compared to the previous year.The company attributes this strong financial performance to increasing global demand for its Buldak-brand products, particularly in the US and Europe.