Report Ocean introduces a fresh report examining the Global Ready Meals Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Global Ready Meals Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
Global Ready Meals Market is valued at approximately USD 143.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2022-2029.
Request to Download Free Sample Copy of ‘Global Ready Meals Market’ Report: –https://reportocean.us/sample-request/report_id/BIZWIT2385
Ready Meals are such type of meal which is pre-packaged & pre-meals that can be consumed with less time or no preparation to cook and these meals provide healthier alternatives to junk food and cheaper alternatives to eat. The Ready Meals market is expanding because of factors such as increasing working populations and rising disposable income. However, the foremost key factor is increasing the working population owing to that they only heat before eating and that reduces the effort of cooking which boost the market demand for ready meal market over the world. Moreover, another key factor driving is increasing disposable income, owing that it increases the purchasing power of people due to increase market growth across the world.
According to Statista, the number of employees in the year 2020 is USD 3.19 billion and the number of employees in the year 2021 is USD 3.29 billion. Therefore, it increases the market demand. Another key factor driving this is rising disposable income. For instance, according to Statista, the disposable income in the year 2020 is USD 1567.8 billion and the disposable income in the year 2021 is USD 16018.8 billion. The opportunity of the ready meal market is serving low-cost alternatives to junk food due to an increase in the market demand over the forecast period. However, negative perception about the health effects of people stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ready Meals Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of growing health awareness, increasing concern for food safety, and increasing demand for ready-to-eat food which boosts the market demand. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as increasing working population, rising consumer disposable income and rising awareness about ready meals would create lucrative growth prospects for the Ready Meal market across Asia Pacific region.
Major market players included in this report are:
- Nestle SA
- General Mills, Inc.
- Kellogg Company
- Conagra Brands, Inc.
- Tyson Foods, Inc.
- Dr. August Oetker KG
- Nomad Foods Ltd
- Green Mill Foods
- Hindustan Unilever Ltd
- 2 Sisters Food Group Limited
Recent Developments in the Market:
In August 2020, ready meal manufacturer Symington’s launched its own D2C platform. The new platform would sell pasta, rice and noodles in new packages.
In February 2022, Kitchen Prep, a new ready meal startup in the United Kingdom was launched offering frozen healthy gourmet pre-packaged meals.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Frozen
Chilled
Canned
Shelf-stable
By Meal:
Vegetarian
Non-vegetarian
Vegan
By Distribution Channel:
Supermarkets & Hypermarkets
Convenience Stores
Online
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Reasons to Consider Purchasing the Ready Meals Market Report:
Comprehensive Market Insights: Delve into the depths of the Ready Meals Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Ready Meals market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Ready Meals market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Ready Meals market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom-line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.