RTC stands for ready-to-cook food products, and are easy to prepare and need the action of boiling, frying, or heating before consumption. These RTC food products can include dessert mixes, snacks mixes, curry making enablers, cereals, vegetables, ready meals, baked goods, meat and poultry, others. As cooking has been a challenge for many people it provides an alternative to complete home-cooked meals.
MARKET DYNAMICS
RTC food products are often preferred by the working men, women, and old-age population who are unable to cook food because of the lack of time and energy. With the rising disposable income, consumers always look after conveniences, comfort, and look for saving time and energy from day-to-day busy working life. However, the westernization of culture, changing taste preference, growing demand for quick-served food with nutritional contents are the drivers for the enormous growth of RTC food products in the global market.
MARKET SCOPE
The "Global RTC Food Products Market Analysis to 2028" is a specialized and in-depth study of food and beverages industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the RTC food products market with detailed market segmentation by product and distribution channel. The global RTC food products market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading RTC food products market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global RTC food products market is segmented into product and distribution channel. Based on product, the global RTC food products market is segmented into cereals, vegetable, ready meals, baked goods, meat and poultry, others. By distribution channel, the global RTC food products market is classified into supermarkets and hypermarkets, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the RTC food products industry, including both qualitative and quantitative information. It provides an overview and forecast of the global RTC food products market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The RTC food products 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 RTC food products market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. 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 RTC food products market in these regions.
MARKET PLAYERS
The report covers vital developments in the RTC food products 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 partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the RTC food products market are anticipated to lucrative growth opportunities in the future with the rising demand for RTC food products in the global market. Below mentioned is the list of few companies engaged in the RTC food products market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the RTC food products market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- McCain Foods Ltd.
- 2 Sisters Food Group
- ConAgra Foods Inc.
- General Mills Inc
- MTR Foods Pvt. Ltd.
- Nestle S.A.
- Hindustan Unilever Ltd
- NOMAD FOODS
- Green Isle Foods Ltd.
- Premier Foods Ltd