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According to our LPI (LP Information) latest study, the global Ready Meals market size was valued at US$ 114820 million in 2023. With growing demand in downstream market, the Ready Meals is forecast to a readjusted size of US$ 153690 million by 2030 with a CAGR of 4.3% during review period.
The research report highlights the growth potential of the global Ready Meals market. Ready Meals are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Ready Meals. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Ready Meals market.
Ready Meals have been introduced by the vendors as an alternative meal that is quick and cost-effective, which just requires heating before consumption. Ready Meals is packaged and is available in quantity for single or two serving. Due to the hectic lifestyles, consumers prefer Ready Meals that reduce the preparation or cooking time, thereby leading to the growth of the overall market.
Ready-meals have been defined as pre-prepared main courses that can be reheated in their container, requiring no further ingredients, and needing only minimal preparation before consumption.
Global Ready Meals key players include Nestle, ConAgra, Unilever, Kraft Heinz, etc. Global top four manufacturers hold a share over 10%.
Europe is the largest market, with a share about 35%, followed by Asia(Ex.China), and North America, both have a share about 50 percent.
In terms of product, Frozen and Chilled Ready Meals is the largest segment, with a share over 60%. And in terms of application, the largest application is Hypermarkets and Supermarkets, followed by Independent Retailers, Convenience Stores, etc.
Key Features:
The report on Ready Meals market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Ready Meals market. It may include historical data, market Segmentation by Type (e.g., Frozen and Chilled Ready Meals, Canned Ready Meals), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Ready Meals market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Ready Meals market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Ready Meals industry. This include advancements in Ready Meals technology, Ready Meals new entrants, Ready Meals new investment, and other innovations that are shaping the future of Ready Meals.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Ready Meals market. It includes factors influencing customer ' purchasing decisions, preferences for Ready Meals product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Ready Meals market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Ready Meals market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Ready Meals market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Ready Meals industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Ready Meals market.
Market Segmentation:
Ready Meals market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
- Frozen and Chilled Ready Meals
- Canned Ready Meals
- Dried Ready Meals
Segmentation by application
- Hypermarkets and Supermarkets
- Independent Retailers
- Convenience Stores
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Nestle
- ConAgra
- Unilever
- Kraft Heinz
- Campbell Soup
- Hormel Foods
- The Schwan Food
- JBS
- Sigma Alimentos
- Iglo Group(Nomad Foods)
- Sisters Food Group
- Tyson Foods
- Fleury Michon
- Grupo Herdez
- Greencore Group
- Maple Leaf Foods
- McCain
- Advanced Fresh Concepts
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ready Meals market?
What factors are driving Ready Meals market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ready Meals market opportunities vary by end market size?
How does Ready Meals break out type, application?