"To thrive in this rapidly transforming marketplace, today’s businesses call for innovative and superlative solutions. In addition, businesses can recognize the extent of the marketing problems, causes for failure of particular product (if any) already in the market, and prospective market for a new product to be launched. CAGR levels for the market with respect to its rise or fall are estimated in the high quality Ready Meals Market report for the forecast period of 2023 to 2030. By understanding client’s requirements precisely, this marketing report brings together business and product information for the sustainable growth in the market.
Customer requirement has been kept into focus while preparing this professional and in-depth Ready Meals Market research report. This report also gives details about the market drivers and market restraints that help in knowing rise or fall of the demand of particular product with respect to market conditions. Strategic aspects of the Ready Meals Market industry such as product development and specification, technology, niche growth opportunities, application modelling, and new geographical markets can be tackled with the vast information and data included in this report. The winning Ready Meals Market report has been framed by taking into account several factors of the present and upcoming market scenario.
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In recent years, ready-to-eat food has emerged as one of the most versatile segments of the global ready meals market. A rise in convenience trends and a parallel rise in demand for specific meal solutions have resulted in strong demand for frozen ready meals. The food and beverage industry is viewed as a one-stop shop for customers on the go, offering everything from frozen sweets to appetizers and meals.
Data Bridge Market Research analyses that the ready meals market was growing at a value of USD 163.1 billion in 2021 and is expected to reach a value of USD 250.31 billion and registering a CAGR of 5.50% from 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Ready Meals Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Type (Chilled Pizza, Canned/Preserved Ready Meals, Chilled Ready Meals, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, Prepared Salads), Product (Frozen & Chilled, Canned, Dried), Meal Type (Vegetarian, Non-vegetarian, Vegan), Distribution Channel (Supermarket & Hypermarket, Online Retail), |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | The Hain Celestial Company (US), AGRARFROST GMBH & CO. KG (Germany), Agristo (Belgium), Bart's Potato Company bvba (Belgium), Royal Cosun (Netherlands), Farm Frites (Netherlands), Greenyard (Belgium), Himalaya Food International Ltd. (India), J.R. Simplot Company (US), McCain Foods Ltd. (UK), Lamb Weston Holdings, Inc. (UK), General Mills, Inc. (US), Mondelez International, Inc. (US), and THE KRAFT HEINZ COMPANY (US) |
| Opportunities |
|
Market Definition
Ready meals or frozen food are meals that have been frozen to extend their shelf life and keep them from becoming contaminated or spoilt. Ready meals have quickly gained popularity among various segments of society, particularly among the younger and college-going population, due to their ease of preparation and low time consumption.
Ready Meals Market Dynamics
Drivers
- Consumers' busy lifestyle is augmenting the ready meals market
The growing consumer preference for convenience foods indirectly benefits the growing demand for frozen ready meal because they take less time and effort to prepare than cooking from scratch. Due to the consumers' hectic lifestyles, the processed food market is driven by a greater need for convenience. As a result, the demand for frozen goods rises. Increasing disposable income is another factor that significantly impacts the growth of the food market because it increases consumer purchasing power.
- Expansions of convenience stores as well as growing working class population
Ready meals are becoming increasingly popular in developed countries, where consumption is higher than in developing countries. The increase in the number of people working in emerging economies such as China and India, as well as the trend toward extended and more variable working hours, has resulted in a progressive shift away from the traditional paradigm of daily cooking.
Opportunities
One of the most recent market trends is online grocery shopping and the introduction of new apps that make it easier for consumers to select their preferred products. Customers prefer online shopping because of its convenience and variety. According to Eurostat, nearly 25% of the population purchased food and groceries from online retail channels. Retail-ready meal shopping is emerging as one of the platforms for companies to showcase and sell their food products as the internet and smartphone penetration grow.
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The ready meals market is segmented on the basis of type, meal type, distribution channel and product. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Frozen and chilled
- Canned
- Dried
Meal Type
- Vegetarian
- Non-vegetarian
- Vegan
Distribution channel
- Supermarket & Hypermarket
- Online Retail
Type
- Chilled Pizza
- Canned/Preserved Ready Meals
- Chilled Ready Meals
- Dried Ready Meals
- Frozen Pizza
- Frozen Ready Meals
- Prepared Salads
Table of Contents for a Ready Meals Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Ready Meals Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Ready Meals Market Overview
- Ready Meals Market Trends and Insights
- Ready Meals Market Overview
- Ready Meals Market Definition
- Ready Meals Market Segmentation
- Ready Meals Market Size and Growth Rate
- Ready Meals Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Ready Meals Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Ready Meals Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Ready Meals Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-ready-meals-market
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