Market Research Future (MRFR) has published a cooked research report on the “Global Ready-to-Eat Meals Market” that contains information from 2022 to 2030. The Global Ready-to-Eat Meals Market is estimated to register a CAGR of 10.98% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the Global Ready-to-Eat Meals Market— General Mills Inc., Premier Foods Plc, Unilever, Kerry Group, Conagra Foods Inc., Associated British Foods Plc, Tyson Foods Inc, Greencore Group Plc, and Grupo Bimboamong.
Ready to Eat Meals Market Highlights
The Global Ready-to-Eat Meals Market is accounted to register a CAGR of 10.98% during the forecast period and is estimated to reach USD 188 Billion by 2030.
The global ready-to-eat meals market refers to the industry that encompasses the production, distribution, and consumption of packaged meals that require minimal preparation before consumption. Ready-to-eat meals are pre-cooked, pre-packaged, and typically only require heating or minimal assembly to be ready for consumption.
The global ready-to-eat meals market has experienced significant growth in recent years due to changing consumer lifestyles, increasing urbanization, and the rise of dual-income households. Factors such as the convenience, longer shelf life, and improved taste and quality of ready-to-eat meals have contributed to their popularity.
Segment Analysis
The Global Ready-to-Eat Meals Market has been segmented based type and sales channel.
On the basis of type, the market is segmented into rice and noodles, salads, gravies and curries, pasta and pizzas and soups. Rice and noodles is primarily due to factors including the increase in the diversity of products and consumer knowledge of the introduction of organic ready-to-eat foods.
Based on sales channel, the market has been segmented into store based and non store based. The non-store-based category is projected to witness the highest growth in the anticipated timeframe due to rising demand for online distribution channels worldwide.
Regional Analysis
The Global Ready-to-Eat Meals Market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Ready-to-Eat Meals Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Ready-to-Eat Meals Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Global Ready-to-Eat Meals Market comprises of Middle East, Africa, and Latin America.
The North American market, particularly the United States, has been a significant consumer of ready-to-eat meals. Busy lifestyles, increasing urbanization, and a high number of working professionals have driven the demand for convenient and time-saving meal options.
The European ready-to-eat meals market has also experienced substantial growth. Countries like the United Kingdom, Germany, France, and Italy have seen a rise in demand for these meals due to changing eating habits, an aging population, and an increase in single-person households. There is a focus on healthier options, organic ingredients, and international cuisines in the European market.
The Asia Pacific region is a rapidly growing market for ready-to-eat meals. Urbanization, a growing middle class, and an increase in working women have led to higher demand for convenient food options.
Furthermore, the rest of the world's Global Ready-to-Eat Meals Market is divided into the Middle East, Africa, and Latin America. The ready-to-eat meals market in Latin America is driven by factors such as urbanization, changing consumer lifestyles, and the need for quick and easy meal solutions. Brazil, Mexico, Argentina, and Chile are among the key markets in the region.
Key Findings of the Study
- The Global Ready-to-Eat Meals Market is expected to reach USD 188 Billion by 2030, at a CAGR of 10.98% during the forecast period.
- The European ready-to-eat meals market has also experienced substantial growth. Countries like the United Kingdom, Germany, France, and Italy have seen a rise in demand for these meals due to changing eating habits, an aging population, and an increase in single-person households.
- Based on type, the market is segmented into rice and noodles holding the largest market in 2022.
- General Mills Inc., Premier Foods Plc, Unilever, Kerry Group, Conagra Foods Inc., Associated British Foods Plc, Tyson Foods Inc, Greencore Group Plc and Grupo Bimboamong.
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Companies Covered | 15 |
Pages | 110 |
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