0
New
New
2022
Ready Meals Market

Ready Meals Market by Type (Canned/Preserved Ready Meals, Chilled Pizza, Chilled Ready Meals, Dried Ready Meals, Frozen Pizza, Frozen Ready Meals, and Prepared Salads), End User (Residential and Food Services), and Distribution Channel (Store-based Retailing (Supermarkets/Hypermarkets Discounters, Convenience Stores, and Others) and Online Retailing): Global Opportunity Analysis and Industry Forecast 2022-2031

✷  A02304
Pages: 200
Feb 2022 | 31809 Views
Author(s) : Samriddhi Chauhan , Roshan Deshmukh
Tables: 43
Charts: 66
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Ready Meals Market

Request Now !

The global ready meals market was valued at $138.1 billion in 2021 and is expected to reach $408.0 billion by 2031, registering a CAGR of 11.9% during the forecast period. Ready meals are considered as a cost-effective alternative meals and their preparation requires less time, as they are precooked. These meals are available throughout the year and are safe to consume. Though processed food cause loss of nutrition, various methods utilized to prepare ready meals ensure that the loss of nutrients is minimal in most cases.

With an unprecedented COVID-19 pandemic, demand for ready meals has witnessed a rise, owing to implementation of lockdown by governments in majority of the countries and growing adoption of ready to eat food. In addition, with the ongoing shift to remote work and surge in need for instant meals is leading to rise in demand for convenient food products which requires less preparation time and is healthy.

Increase in convenience offered in terms of time saving and little efforts required for the preparation of these meals drives the growth of the ready meals market. Moreover, preference for these meals by the working population and students has increased, owing to the fact that it requires only heating before consumption, which reduces the overall effort of cooking. In addition, these meals serve as low-cost alternatives to junk food, which is anticipated to boost their demand in the near future. However, increase in health awareness and negative perceptions pertaining to health effects of these products among the consumers restrain the market growth.

Ready-Meals-Market

Get more information on this report : Request Sample Pages

Nevertheless, the industry faces multiple challenges, which includes counterfeiting. Adulteration of ready meals containing fake ingredient results in big loss to key players, as there are large number of counterfeited food products available in the market. Furthermore, counterfeiting of established brands often tarnishes the brand image and brand loyalty and such malpractices challenge the market expansion for leading players operating in the market.

Organic is one of the trending market that is common in almost every food and beverage product. As consumers are becoming health-conscious and are aware of unhealthy production and cultivation of food crops and their effects over the body, the demand for organic products also rises in the market. For instance, benefits associated with organic products include no usage of harmful chemicals, fertilizers, GMO ingredients, pesticides, radiation, or genetic engineering. Therefore, the growth in demand for organic coupled with the awareness trend regarding health benefits of ready meals are expected to boost the demand for ready meals in the global market during the forecast period. Furthermore, availability of such products is becoming much easier through the use of online stores and delivery services, which further aids in the ready meals market growth.

Segment Review

The ready meals market is segmented on the basis of type, distribution channel, and region. On the basis of type, the market is divided into canned/preserved ready meals, chilled pizza, chilled ready meals, dried ready meals, frozen pizza, frozen ready meals, and prepared salads. On the basis of end user, the market is divided into residential and food services. On the basis of distribution channel, it is classified into store-based retailing and online retailing. The store-based retailing segment is broadly classified into supermarkets/hypermarkets, discounters, convenience stores, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Ready Meals Market
By Type

Your browser does not support the canvas element.

The frozen pizza segment dominates the Global Ready Meals Market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

On the basis of type, the frozen pizza segment holds the maximum market share owing to high consumer demand and low prices in the market. However, the prepared salads segment is expected to be the fastest growing segment during the forecast period.

Ready Meals Market
By End User

Your browser does not support the canvas element.

The residential segment dominates the global ready meals market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

On the basis of end user, the residential segment dominated the global market in 2020, however, the food services segment is expected to be the fastest growing segment during the ready meals market forecast period.

Ready Meals Market
By Distribution Channel

Your browser does not support the canvas element.

The Stored based retailing segment dominates the global ready meals market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

On the basis of distribution channel, the online retailing segment is the fastest growing segment owing to rise in internet penetration and smart phones among the consumers. However, the stored-based retailing segment is expected to remain the largest dominating segment of the market owing to ease of accessibility and availability of the ready meals products.

Ready Meals Market
By Region

2031
Europe 
North America
Asia-pacific
Lamea

The Europe region dominates the global ready meals market and is expected to retain its dominance throughout the forecast period.

Get more information on this report : Request Sample Pages

GProminent players have adopted product launch as their key strategy to gain significant Ready Meals Market share in the market. Key players profiled in the report include Bakkavor Foods Ltd., ConAgra, Greencore Group Plc., JH Heinz Company Ltd., Nestle SA, Fleury Michon, Unilever Group, Northern Food Ltd., Kerry Foods Ltd., and Premier Foods Group Ltd.

Other players not profiled in the report include Oetker-Gruppe, Frosta AG, Campbell Soup Co, Bofrost Dienstleistungs GmbH & Co KG, Iglo Bird's Eye Frozen Foods, Freiberger Lebensmittel GmbH & Co KG, Hilcona AG, Gartenfrisch Jung GmbH, Bonduelle Groupe SA, and General Mills Inc.

COVID-19 Impact Analysis

  • The COVID-19 pandemic had a positive impact on the global ready meals market A.
  • The COVID-19 pandemic had a significant impact on the convenience and frozen food products owing to the growth in adoption of convenience products due to strict regulations and restrictions.
  • In the initial quarter of 2020 the supply chain was disturbed and the availability of ready meals Market products went down.
  • Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their strategies as well as product innovation.

Key Benefits of Ready Meal Market:

  • The report provides a quantitative analysis of the ready meals market trends, estimations, and dynamics of the ready meals market size from 2020 to 2030 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing ready meals market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the ready meals market .
  • The ready meals market player positioning analysis facilitates benchmarking and provides a clear understanding of the present position of the market players in the ready meals industry.

Key Market Segments & Key Market Players

Segments Sub-segments
By Type
  • Canned/Preserved Ready Meals
  • Chilled Pizza
  • Chilled Ready Meals
  • Dried Ready Meals
  • Frozen Pizza
  • Frozen Ready Meals
  • Prepared Salads

End User
  • Residential
  • Food Services

By Distribution Channel
  • Store-based Retailing
    • Supermarkets/Hypermarkets
    • Discounters
    • Convenience Stores
    • Others
  • Online Retailing

By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • UAE
    • KSA
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Loading Table Of Content...


 
 

The food service industry has grown significantly in the past two decades. The balance of work, family, and social life is becoming difficult for the working population, which results in consumers shifting towards prepared food rather than spending time in preparing it themselves in order to spend more time with the friends and family, which is the major growth factor of the food service market. Also, globally, the size of food service industry increased by $2.6 trillion in 2019, and it is still growing rapidly owing to factors such as increase in women employment rate, urbanization, rise in disposable income, and the surge in trend of casual dining.

The ready meals market witnessed significant growth, owing to change in lifestyles & food habits, variations in demographics, upsurge in organized retail, rise in disposable income, and increase in urbanization. Consumers are inclined towards packaged food due to concern about food safety and ease of handling. Surge in demand for convenience food, ongoing impact of high inflation and premiumization of products have been pivotal to boost sales in the ready meals market. Intense competition in the ready meals market demands for frequent product launches and high degree of product innovation from brand manufacturers to offset the intense competition.

Europe is anticipated to account for a significant share in the global ready meals market during the forecast period. Hectic lifestyle in Germany fuels the demand for convenient solutions in all life areas, including dietary habits of Germans, which in turn is anticipated to boost the ready meals market in the near future. Manufacturers focus on increased usage of grains and vegetables in their product formulations to cater to the rise in demands for Italian consumers of higher nutrition value.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global ready meals market was valued at IS expected to reach $408.0 billion by 2031

A. 11.9% is the CAGR of Ready Meals Market

A. Kindly raise an inquiry through the chat box and our business executive will get in touch with you with the details on the purchase options.

A. 2020 is the base year calculated in the Ready Meals Market report

A. Top companies the Ready Meals Market include Bakkavor Foods Ltd., ConAgra, Greencore Group Plc., JH Heinz Company Ltd., Nestle SA

A. The ready meals market is segmented on the basis of type, end user, distribution channel, and region

A. The key trends of ready meals market includes growth of convenience food and organic food products.

A. Europe region holds the maximum market share of the Ready Meals Market

A. The COVID-19 pandemic had a significant impact on the convenience and frozen food products owing to the growth in adoption of convenience products due to strict regulations and restrictions and rise in work from home opportunities which led the customer to opt convenience food more.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Ready Meals Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,799  $3,419
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,199  $3,779
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,899  $5,014
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $7,099  $6,034
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $11,500  $9,200
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers