Ready meals are a meal cooked and bought at a shop but taken somewhere else, often home, to be heated and eaten. Continued demand for convenient and timesaving food solutions has driven the growth of the ready meals market. Busy everyday lives of people, both professionally and privately, are tightly scheduled. In addition, the number of traditional family households is dwindling, and the number of single households is constantly on the rise. All these factors have boosted the demand for ready meals.
MARKET DYNAMICS
The ready meals market has witnessed significant growth owing to factors such as Shifting consumers' food preferences towards ready-to-eat food products owing to the busy lifestyle of working individuals as well as hectic work schedules of college grads and students. Moreover, the expanding demand for minimally processed and additive-free food products with an extended shelf life provides huge market opportunities for the key players in the market. However, increasing health awareness and the negative perceptions regarding the effects of the ready meal is projected to hamper the overall growth of the ready meals market.
MARKET SCOPE
The "Global Ready meals Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the ready meals market with detailed market segmentation by product type, distribution channel and geography. The global ready meals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ready meals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ready meals market is segmented on the basis of product type and distribution channel. On the basis of product type, the ready meals market is segmented into frozen ready meals, chilled ready meals, canned ready meals, and dried ready meals. On the basis of distribution channel, the ready meals market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ready meals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The ready meals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ready meals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the ready meals market in these regions.
MARKET PLAYERS
The reports cover key developments in the ready meals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from ready meals market are anticipated to lucrative growth opportunities in the future with the rising demand for ready meals in the global market. Below mentioned is the list of few companies engaged in the ready meals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ready meals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Berkshire
- BRF S.A.
- Chao Xiang Yuan Food Co. Ltd.
- Conagra Brands, Inc
- Kraft Heinz Company
- McCain Foods Ltd
- Nestle SA
- Nomad Foods Ltd
- Oetker Group
- Premier Foods plc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.