An emerging market analysis titled “Anticipated Trends, Drivers of Growth, and Obstacles in the Ready Meals Market” has been showcased on Report Ocean.
The “Global Ready Meals Market” report offers comprehensive insights into factors affecting demand, growth, opportunities, challenges, and limitations. It covers global and regional industry dynamics, including research & development, new product launches, and responses from leading players in both global and local markets. The report provides visual representations and regional breakdowns of the Ready Meals Market.
Obtain a comprehensive report on the 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.
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What’s the extent of the Global Ready Meals Market in terms of size?
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.
What is Ready Meals?
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 thatreduces 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.
Which regions are considered in the Global Ready Meals Market study?
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.
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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.
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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, Rest of Europe (ROE)
Asia Pacific: China, India, Japan, Australia, South Korea, Rest of Asia Pacific (RoAPAC)
Latin America: Brazil, Mexico, Rest of Latin America (RoLA)
Rest of the World
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Report Overview:
This research offers a comprehensive exploration of the emerging trends poised to shape the future business landscape. It delves deep into the pivotal factors driving the growth of the Ready Meals market over the projected period. Furthermore, the report sheds light on strategic initiatives undertaken by leading industry players to fortify their market positions.
Market Dynamics:
Encompassing a global perspective, this study presents insights into the influential entities within the worldwide Ready Meals market. It encompasses contact details, sales figures, and global market estimates. The research draws from reputable sources and institutions, aggregating a wealth of information and insightful analysis pertaining to the global Ready Meals market.
Marketing Insights:
The study furnishes essential facts and statistics relevant for marketers, consultants, and decision-makers navigating the global Ready Meals market landscape. With comprehensive regional breakdowns, this research offers a vital resource for newcomers venturing into the global Ready Meals market. It encapsulates indispensable insights extracted from the Ready Meals Market domain, facilitating informed decision-making processes.
This report covers several key questions related to the global Ready Meals market, including:
- What can be expected for the Ready Meals market in the next decade?
- What are the primary drivers of growth in the global Ready Meals market?
- Which technologies are likely to experience the most rapid growth, both by market and region?
- How do opportunities within the Ready Meals market vary based on the size of the end market?
- What is the breakdown of Ready Meals by type and application?
- How have recent events such as the COVID-19 pandemic and the Russia-Ukraine conflict impacted the Ready Meals market?
Our most recent research report showcases the thriving expansion of the global Ready Meals Market and offers in-depth insights into the projected market size, share, and revenue until 2031.
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